Lactose Market - By Type (Monohydrate, Anhydrous, Galactose, Lactulose, Tagatose), Form (Powder, Granule, Liquid), Application (Food, Feed, Pharmaceuticals, Infant), End-use (Food and Beverage, Pharmaceutical, Animal Feed) - Global Forecast, 2024

Description

Global Lactose Market will grow at 7.3% CAGR during 2024-2032, driven by Rising awareness about lactose intolerance and lactose-free products, technological advancements in lactose production, expansion of the dairy industry in emerging markets, and growing applications in non-food industries, such as pharmaceuticals and cosmetics.

According to Gnosis in 2022, 55% of consumers are willing to pay more for healthy foods that support their health and wellness. This rising consumer demand for natural, healthy, and clean-label food products has led to a growing preference for lactose as a natural sweetener and bulking agent in various food formulations. With its natural origin and clean label status, lactose has become increasingly popular among manufacturers and consumers alike. As an ingredient derived from milk, lactose is perceived as a wholesome and minimally processed option, aligning with the clean label trend. This has resulted in its widespread adoption in food products where natural ingredients are preferred, contributing to its increasing popularity in the food industry.

The Lactose Market is classified based on type, form, application, end-use, and region.

Galactose segment will grow robustly over 2024-2032, as it serves as a key ingredient in various food and beverage applications. Galactose offers unique sweetness and functional properties, making it a preferred choice for formulating specialty food products, nutritional supplements, and functional beverages. Additionally, galactose has gained traction in the pharmaceutical industry for its potential health benefits, further driving market growth.

The lactose market share from the granule lactose segment is poised for decent growth through 2032, as it offers ease of handling, improved solubility, and enhanced dispersibility compared to other forms of lactose. Granule lactose has extensive applications in the food, pharmaceutical, and cosmetic industries, where it is used as a bulking agent, sweetener, binder, and filler in various formulations. The convenience and versatility offered by granule lactose make it a preferred choice among manufacturers, contributing to its significant market share in the form segment.

Asia Pacific Lactose Market will generate sizeable revenue between 2024 and 2032, driven by a growing population, rising disposable incomes, and changing dietary patterns. Additionally, increasing urbanization and the expansion of the food processing and pharmaceutical industries further stimulate market growth. With countries like China, India, and Japan witnessing significant investments in dairy infrastructure and pharmaceutical manufacturing, the demand for lactose could surge in the region owing to rising R&D and product innovation.

Product Code: 8392

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Data collection
1.4 Forecast calculations
1.5 Data sources
- 1.5.1 Primary
- 1.5.2 Secondary
  - 1.5.2.1 Paid sources
  - 1.5.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing consumption of dairy products globally
  - 3.2.1.2 Technological advancements in production processes
  - 3.2.1.3 Growing use in food and beverage industry
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Health concerns related to lactose consumption
  - 3.2.2.2 Price volatility of dairy products
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technological landscape
3.6 Porter's analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
3.7 PESTEL analysis
3.8 Value chain analysis
3.9 Future market trends
3.10 Gap analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Type, 2018 - 2032 ($ Mn)

5.1 Key trends
5.2 Lactose monohydrate
5.3 Lactose anhydrous
5.4 Galactose
5.5 Lactulose
5.6 Tagatose

Chapter 6 Market Estimates and Forecast, By Form, 2018 - 2032 ($ Mn)

6.1 Key trends
6.2 Powder
6.3 Granule
6.4 Liquid

Chapter 7 Market Estimates and Forecast, By Application, 2018 - 2032 ($ Mn)

7.1 Key trends
7.2 Food
7.3 Feed
7.4 Pharmaceuticals
7.5 Infant formula

Chapter 8 Market Estimates and Forecast, By End-Use, 2018 - 2032 ($ Mn)

8.1 Key trends
8.2 Food and beverage industry
8.3 Pharmaceutical industry
8.4 Animal feed industry
8.5 Other end-users

Chapter 9 Market Estimates and Forecast, By Region, 2018 - 2032 ($ Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa

Chapter 10 Company Profiles

10.1 Armor Pharma
10.2 Ba'emek Advanced Technologies Ltd.
10.3 BASF SE
10.4 Davisco Foods International, Inc.
10.5 Hilmar Cheese Company, Inc.
10.6 Hoogwegt
10.7 Kerry Group plc.
10.8 Lactose India Limited
10.9 Merck & Co., Inc.
10.10 MILEI GmbH

Lactose Market - By Type (Monohydrate, Anhydrous, Galactose, Lactulose, Tagatose), Form (Powder, Granule, Liquid), Application (Food, Feed, Pharmaceuticals, Infant), End-use (Food and Beverage, Pharmaceutical, Animal Feed) - Global Forecast, 2024 - 2032