Press release
Lactose Market: Projected Growth, Key Players, and Emerging Trends
What Is The Projected Market Size Of The Global Lactose Market And Its Growth Rate?
• 2024 Market Size: $1.36 billion
• 2025 Market Size: $1.41 billion (3.8% CAGR)
• 2029 Market Size: $1.68 billion (4.5% CAGR)
The robust market growth can be attributed to the rising demand for dairy products, infant formula, and nutritional supplements, as well as the expansion of the pharmaceutical and food & beverage industries. In the forecast period, the market is expected to see steady growth due to increasing use of lactose in cosmetics, personal care, and pet food formulations, and the emergence of lactose-free and dairy-free products.
What Is Driving The Growth In The Lactose Market?
Increase in dairy production is expected to significantly drive the lactose market growth. Dairy production implies the farming and processing of milk and milk-related products, typically from cows, goats, or sheep. Enhanced dairy production leads to a higher availability of raw milk, resulting in a greater supply of lactose as a byproduct. For instance, according to the European Commission in August 2023, raw milk production in the EU saw an increase of 0.8% during the first six months of 2023. This rise in dairy production is thereby propelling the growth of lactose market.
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Who Are the Key Players Driving Lactose Market Growth?
• Kerry Group
• Saputo Inc.
• Lactalis Ingredients
• Leprino Foods Company
• Glanbia PLC.
• Lactose India Ltd.
• Davisco Foods International Inc.
• DMK Deutsches Milchkontor GmbH
• Molkerei MEGGLE Wasserburg GmbH & Co. KG
• Royal FrieslandCampina NV
What Are The Key Trends In The Lactose Market?
• Use of lactose in cosmetics and personal care products
• High purity and pharmaceutical-grade lactose
• Lactose in animal feed formulations
• Instantized lactose for quick dissolution
• Customized lactose blends.
What Are The Segments Of The Global Lactose Market?
1) By Form: Powder, Granule
2) By Purity: Crude Lactose, Edible Lactose, Refined-Edible Grade Lactose
3) By Color: Yellow, Pale-Yellow To White, White
4) By End-Use: Food And Beverages, Confectionery, Animal Feed, Pharmaceutical, Cosmetics, Other End-Users
Which Region Leads The Lactose Market?
North America was the largest region in the lactose market in 2024. This market report also covers other significant regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Lactose Market Global Market Report?
- Market Size Analysis: Analyze the Lactose Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lactose Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lactose Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lactose Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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