Reduced Lactose Whey Market Key Players, Market Analysis, Share, Trends And Forecast To 2033

The new report published by The Business Research Company, titled ""Reduced Lactose Whey Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the reduced lactose whey market size has grown rapidly in recent years. It will grow from $12.92 billion in 2023 to $14.33 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The reduced lactose whey market size is expected to see grown rapidly in the next few years. It will grow to $21.77 billion in 2028 at a compound annual growth rate (CAGR) of 11%.

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Demand For Plant-Based Diets Is Boosting The Reduced Lactose Whey Market
The growing popularity of plant-based diets is expected to propel the growth of the reduced-lactose whey market going forward. A plant-based diet typically refers to a dietary pattern that emphasizes foods derived from plants, such as fruits, vegetables, grains, nuts, seeds, and legumes, while minimizing or excluding animal products. The increasing popularity of plant-based diets is growing due to awareness of environmental sustainability, health benefits, and ethical considerations regarding animal welfare. Reduced lactose whey is incorporated into plant-based diets as a source of high-quality protein, providing a dairy-free option for individuals seeking to supplement their plant-based eating with additional protein while minimizing lactose intake. For instance, in January 2023, according to the Plant Based Foods Association (PBFA), a US-based trade association representing the interests of plant-based food companies, plant-based foods saw a sales growth of 6.6% in 2022, marking an increase from 5.9% in 2021. Moreover, plant-based creamer, the third-largest category after milk and meat, saw a 24% rise in revenue and a 12% increase in sales volume. Therefore, the growing popularity of plant-based diets is driving the growth of the reduced-lactose whey market.

Reduced Lactose Whey Market Innovate With Animal-Free Whey Protein
Major companies operating in the reduced lactose whey market are focusing on expanding their product portfolio by adding innovative products such as animal-free whey protein to cater to the growing demand from vegan and plant-based consumers. Animal-free whey protein is derived from whey protein without using animals. It's produced using precision fermentation, where microbes such as fungi are genetically engineered to produce whey proteins in bioreactors. For instance, in June 2022, Strive Nutrition, a US-based sustainable nutrition company, launched a line of milk alternatives enriched with animal-free whey protein, aiming to replicate the taste and nutrition of cow's milk without the associated health and environmental downsides. Strive FREEMILK, an animal-free whey protein, guarantees freedom from lactose, hormones, antibiotics, and cholesterol. It provides 25% more protein, 75% less sugar, and reduced saturated fat compared to traditional whole cow's milk.

The reduced lactose whey market covered in this report is segmented -

1) By Type: Organic Reduced Lactose Whey, Conventional Reduced Lactose Whey
2) By Extraction: Extraction By Precipitation, Extraction By Filtration, Extraction By Dialysis
3) By End User: Food And Beverages, Nutraceuticals, Household And Retail Use

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Major companies operating in the reduced lactose whey market report are Fonterra Inc., Land O'Lakes Inc., Tetra Pak International SA, Dana Foods Inc., Agropur Inc., Glanbia plc, Leprino Foods Company, Organic Valley, Hilmar Cheese Company Inc., Carbery Group, Volac International Limited, Westland Co-operative Dairy Company Limited , Graham Chemical Corporation, Davisco Foods International Inc., Interfood Inc., Redwood Hill Farm, MCT Dairies Inc. , Idaho Milk Products Inc., Wapsie Valley Creamery Inc., Erie Foods International Inc., Grande Cheese Company, AMCO Proteins Company, Wheyco GmbH, Agri Dairy Products Inc.

Contents of the report:
1. Executive Summary
2. Reduced Lactose Whey Market Report Structure
3. Reduced Lactose Whey Market Trends And Strategies
4. Reduced Lactose Whey Market - Macro Economic Scenario
5. Reduced Lactose Whey Market Size And Growth
…..
27. Reduced Lactose Whey Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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