Lactose market worth $1,650 million in 2027 with 4.9% growth rate – IndustryARC

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Rising consumption of dairy products among consumers has easily aided the growth of the lactose market.

HYDERABAD, TELANGANA, INDIA, Sept. 22, 2022 / — IndustryARC in its latest report forecasts that the market size of the lactose is estimated to be $1,650 million by 2027. In addition, it is poised to grow at a CAGR of 4.9 % over the forecast period of 2022-2027. Lactose is the primary sugar (or carbohydrate) found in milk and dairy products. Lactose is made up of two simpler sugars, glucose and galactose, which our bodies use as energy. Lactase is a digestive enzyme that breaks down lactose into glucose and galactose. Lactose is a sugar found in milk and found in a variety of dairy products such as ice cream and yogurt. It can be found in milk in concentrations of 2 to 8%. Lactose is found in a variety of foods and pharmaceuticals. The report offers a complete analysis of the market, key segments, growth drivers, trends, drivers and challengers, key players, and more.Click here to browse the full report summary:


Key learning points:

This IndustryARC report on the lactose market highlights the following areas:

1. Geographically, North America had a dominant market share in the year 2021. This is due to the increasing awareness among people about the importance of lactose-based products as it helps to provide various nutrients and energy. Today, people consume healthy products and prefer various dairy products such as milk, cheese and many others.

2. Rising consumption of dairy products among consumers and growing awareness of the importance of infant formula are some of the factors driving the lactose market. However, the increasing lactose intolerance among consumers is one of the factors hindering the market growth.

3. A detailed analysis of the strengths, weaknesses, opportunities and threats will be given in the Lactose Market report.

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Segment analysis:

1. The lactose market based on the mold can be further segmented into powder and granulate. Powder had a dominant market share in 2021. Lactose powder is used in the culinary and pharmaceutical industries as a sweetener or stabilizer. Lactose powder is white or light yellow in color and has a slightly sweet taste and smell of milk. Lactose powder is often used as a filler in bakery products and confectionery such as bread, cookies, cereals and pancakes because it is readily available, inexpensive and low in sweetness. It is also used to prevent discoloration in frozen and canned foods, including soups, dehydrated potatoes, and meal replacement supplements.

2. The lactose market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. North America had a dominant market share of 50% in the year 2021 compared to its other counterparts. It’s thanks to people becoming more aware of the importance of lactose-based products because of their availability of more nutrients.

3. The lactose market based on the application can be further segmented into food and beverage, cosmetics, pharmaceuticals and others. Food and Beverage had a dominant market share in the year 2021. The consumption of lactose-based products is increasing rapidly due to a greater awareness of fitness. The demand for lactose-based products such as milk, cheese and butter increases as people consume these products in their daily intake.

Competitive landscape:

The top 5 players in the lactose industry are –

1. Milei GmbH,
2. Lactalis Corporation,
3. Saputo Inc.,
4. Kerry Plc.,
5. Hilmar ingredients,

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Similar reports:

A. Dairy products market

B. Milk protein market

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