The global lactose market will be driven by a thriving dairy industry and a growing pharmaceutical industry across the globe during the forecast period 2021-2026
30 NORTH GOULD STREET, WYOMING, USA, Aug. 24, 2022 /EINPresswire.com/ — Expert Market Research’s new report “Global Lactose Market Price Report and Forecast 2021-2026″ provides an in-depth analysis of the market Global Lactose, assessing the market based on its segments such as source, product, industry, and major regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 5%
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The lactose industry is propelled by the growing demand for infant formula around the world. Declining breastfeeding rates and better understanding of the nutritional value of children are also increasing the need for infant formula. In addition, rising disposable incomes and improving living conditions in developed countries also contribute substantially to the development of the sector.
The demand for lactose is expected to increase significantly due to its high demand as an excipient in the pharmaceutical industry. Supportive government policies, combined with low prices from drug suppliers, are likely to be critical factors affecting the demand for products in pharmaceutical applications during the forecast period. Additionally, the growth of the pharmaceutical industry, along with the demand for bakery, confectionery, creams, and others, is also driving the growth of the market.
Industry definition and major segments
Lactose is a disaccharide, which means it is made up of two sugar molecules. It has the chemical formula C12H22O11 and is composed of galactose and glucose subunits. Lactose is used in milk in amounts ranging from 2 to 8%. (by weight). Lactose is a sugar that can only be contained in milk. It can also be used in dairy and milk-based products, such as cheese and ice cream.
It is used as a carrier and stabilizer of flavors and drugs due to its mild taste and ease of handling. (5) Because the solubility of lactose is lower than other sugars widely found in foods, it is not specifically added to many products. The exception is infant formula, which requires the inclusion of lactose to balance the composition of breast milk.
Based on derivatives, the market is divided into:
On the basis of form, the industry can be segmented into:
By end use, industry is categorized as follows:
Food and drinks
By region, the industry is classified into:
The Middle East and Africa
The industry is expected to gain momentum in the coming years due to increasing multi-source investments and growing growth in the dairy industry. Along with the boom in the dairy sector, the abundance of milk has ensured a steady supply of whey permeate, which is an essential raw material for the manufacture of lactose. However, rising milk prices around the world are likely to increase product prices and slightly restrain market growth.
However, the growing emphasis on breastfeeding and demand for own-brand organic dairy products is expected to fuel consumption growth. The industry has several opportunities for growth as customers are eager to buy new and better products. Rising demand for the commodity as a drug carrier is also expected to fuel the growth of the industry over the projected period.
Other factors driving the market growth include demand for dry powder inhaler (DPI) drugs, compatibility with active ingredients and other excipients, and nanotechnology-associated drug design driving the lactose market pharmaceutical grade. During the forecast period, factors such as increasing regulatory uses of lactose and its availability as a generic drug are expected to fuel the growth of the market.
North America currently leads the lactose market, and its stronghold is expected to persist during the forecast period. This growth is attributed to the growing penetration of leading companies, the booming food and beverage industry, and the region’s stringent food and safety regulations. Europe is expected to be the second largest market due to various government policies in favor of lactose production. The Asia-Pacific region is expected to witness significant growth over the forecast period owing to an increase in the birth rate in developing economies such as China and India, contributing to the rise in the infant formula market. infants.
Check out the full report: https://www.expertmarketresearch.com/reports/lactose-market
High prevalence of chronic diseases and continued government efforts to increase the number of affordable medicines are expected to drive demand in Central and South America during the forecast period. In addition, the efforts of overseas market players to expand their businesses in the Middle East are expected to significantly affect the development of the industry in the region.
Main market players
The major market players are Fonterra Co-Operative Group Limited, Lactalis Group, Royal Friesland Campina, Kerry Group plc, Agropur cooperative, Arla Foods amba, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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