The Lactose Market Size is expected to grow at a CAGR of 3.06% in the forecast period 2021 to 2028. The rapid increase in the requirement for lactase enzymes in the dietary supplements is the factor responsible for the growth of lactose market in the forecast period of 2021 to 2028.
Lactose is a milk sugar, made up of galactose, glucose and two sugar molecules that use sugar as energy source during acid production. It is end product of whey obtained from cheese and casein production.
The major growing factor towards lactose market is the rise in the demand for infant formula across the globe. Furthermore, the rise in awareness about the benefits of consuming lactose products and rise in the awareness regarding the importance of infant nutrition are also expected to heighten the overall demand for lactose market over the forecast period of 2021 to 2028. Moreover, the rise in the disposable incomes and the rise in the standards of living in developing nations are also expected to serve as foremost drivers for the lactose market at a global level.
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The major players covered in the lactose report are:
- BASF SE,
- DuPont,
- Fonterra,
- Glanbia Plc,
- Kerry, Merck KGaA,
- Agropur,
- Avantor, Inc.,
- Arla Foods amba,
- Hoogwegt,
- MEGGLE GmbH & Co. KG,
- Armor Proteines, Lactose (India) Limited, MILEI GmbH,
- Proliant Dairy Ingredients,
- Saputo Inc.,
- Bayerische Milchindustrie
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Lactose Market Scope and Market Size
Lactose market is segmented on the basis of form, derivative and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the lactose market has been segmented into powder and granule.
- On the basis derivative, the lactose market has been segmented into lactose monohydrate, galactose, lactulose, lactitol and others. Others have further been segmented into tagatose and lactobionic acid.
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Lactose Market Country Level Analysis
Lactose market is analyses and market size, volume information is provided by country, form, derivative and end user as referenced above.
The countries covered in the lactose market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the lactose market due to the rise in the penetration of leading players, thriving food and beverages industry and strict food and safety regulations. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high demand for infant formula in countries such as China and India.
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