Global lactose market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lactose market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global lactose market is expected to register a substantial CAGR of 5.3% in the forecast period of 2019-2026. Rising demand of lactose-based products for various consumers is the major factor for the growth of the market.
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Global Lactose Market By Form (Powder, Granule), End Use (Confectionery, Food and Beverages, Functional Foods, Animal Feed, Pharmaceutical, Cosmetics and Personal Care), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Lactose is a milk sugar which is made up of glucose, galactose and two sugar molecules which uses sugar as energy source during acid production. It is end product of whey obtained from cheese and casein production. The overall demand for lactose has been increased since last decades. There are more than 264 million cows which produces about 600 million tons of milk per year. The average rate for milk production per cow is nearly 2,200 liters. India has approximately 40 million dairy cows.
- Evolving lifestyle and dietary habits may propel the market growth
- Growing demand for lactose in food and beverages industries is driving the growth of the market
- Requirement for lactase enzymes in the dietary supplements is increasing which is fueling the market growth in the forecast period
- Increase consumption of processed foods is boosting the growth of the market
- Less awareness among consumers about lactose will restrict the market growth
Key Developments in the Market:
- In February 2019, Glanbia plc has acquired Watson; this will increase the product portfolio of the company including bakery ingredient, high-quality custom nutrient premix, food and beverage, edible film and material conditioning solutions for the nutrition personal care and supplement industries. This resulted into increase in revenue as well as profit margin of the company
- In October 2017, DFE Pharma had introduced specialty grade SuperTab 40LL which consist of lactitol monohydrate (5% w/w) and (anhydrous) lactose (95% w/w). With this launch the company will enlarge its product portfolio in the market resulting in increasing revenue as well
The report also inspects the financial standing of the leading Key Benefits:
- The report provides a qualitative and quantitative analysis of the current Lactose market trends, forecasts, and market size to determine the prevailing opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market report also provides an understanding of the current position of the market players active in the Lactose
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of industry in these regions, from 2020 to 2027, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Few of the major competitors currently working in global lactose market are BASF SE, E.I. du Pont de Nemours and Company, Fonterra, Glanbia Plc, Kerry lnc., Merck KGaA, Agropur, Avantor, Inc., Arla Foods amba, Tnuva, ZERIA Pharmaceutical Co. Ltd., Hoogwegt, Meggle, ARMOR PROTEINES S.A.S, Lactose (India) Limited, MILEI GmbH, Proliant Dairy Ingredients, Saputo Inc., Bayerische Milchindustrie eG,., DMK GROUP, Grande Cheese Company, Lactalis Ingredients, Leprino Foods Company, DFE Pharma and The Tatua Co-operative Dairy Company Limited among others.
Table of Contents
- Report Overview: It includes six chapters, viz. research scope, major manufacturers covered, market segments by type, Lactose market segments by application, study objectives, and years considered.
- Global Growth Trends: There are three chapters included in this section, i.e. industry trends, the growth rate of key producers, and production analysis.
- Lactose Market Share by Manufacturer: Here, production, revenue, and price analysis by the manufacturer are included along with other chapters such as expansion plans and merger and acquisition, products offered by key manufacturers, and areas served and headquarters distribution.
- Market Size by Type: It includes analysis of price, production value Lactose market share, and production market share by type.
- Lactose Market Size by Application: This section includes Lactose market consumption analysis by application.
- Profiles of Manufacturers: Here, leading players of the global Lactose market are studied based on sales area, key products, gross margin, revenue, price, and production.
- Lactose Market Value Chain and Sales Channel Analysis: It includes customer, distributor, Lactose market value chain, and sales channel analysis.
- Lactose Market Forecast – Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
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