What Has Been the Growth Trajectory for the Lactose Market in Recent Years?
The lactose market has seen considerable growth due to a variety of factors.
• In recent times, the lactose market has been experiencing a consistent growth. The market, currently valued at $1.36 billion in 2024, is projected to increase to $1.41 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.8%.
This growth during the historical timeframe has been stimulated by an upsurge in the worldwide consumption of dairy products, an expansion in the global food and drink industry, demand for nutritional supplements and infant formula, an enlarging pharmaceutical and pharmaceutical excipients industry, along with a surge in health and nutritional consciousness.
How Does the Forecast Look for the Lactose Market?
The lactose market is expected to maintain its strong growth trajectory in upcoming years.
• The anticipated future of the lactose market projects consistent expansion over the next few years, with expectations set to increase the market value to $1.68 billion by 2029, establishing a compound annual growth rate (CAGR) of 4.5%.
This predicted progression within the forecast period arises from multiple factors - the heightened utilization of lactose in pet food recipes, an increase in lactose-free and dairy-free products, consumer preference for low-fodmap and gut-friendly components, the rise in niche usage within cosmetics and personal care, and the expansion of the lactose market in budding economies. Key trends projected within this period incorporate the use of lactose in cosmetics and personal care commodities, high purity and pharmaceutical-grade lactose, lactose in animal nourishment formulas, quick dissolving instantized lactose, and personalized lactose mixes.
What Are The Leading Drivers Of Growth In The Lactose Market?
The growth of the lactose market is anticipated to be spurred by escalating dairy production. Dairy production involves the cultivation and processing of milk and products derived from milk, usually sourced from animals such as cows, goats, or sheep. Enhancements in dairy production equate to an increased availability of raw milk, which subsequently leads to an augmented production of lactose as a secondary product. The uplift in dairy production also generates an excess of lactose byproducts, making lactose more cost-effective. This triggers its utilization in numerous industries, encompassing food and non-food sectors. For instance, the European Commission (EC), the executive arm of the European Union (EU) based in Belgium, reported that raw milk production in the EU rose by 0.8% in the first six months of 2023. Hence, the lactose market's growth is driven by accelerating dairy production.
How Are The Segments Defined Within The Global Lactose Market?
The lactose market covered in this report is segmented –
1) By Form: Powder, Granule
2) By Purity: Crude Lactose, Edible Lactose, Refined-Edible Grade Lactose
3) By Color: Yellow, Pale-Yellow To White, White
4) By End-Use: Food And Beverages, Confectionery, Animal Feed, Pharmaceutical, Cosmetics, Other End-Users
Subsegments:
1) By Powder: Spray-Dried Lactose, Instant Lactose, Lactose Monohydrate
2) By Granule: Granulated Lactose, Lactose Pellets
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How Are New Trends Expected To Influence The Growth Of The Lactose Market?
In the lactose market, strategic partnerships are an emerging trend. The central focus of top firms in the lactose industry is the expansion of product offerings through strategic collaborations. For example, in February 2022, Nestlé S.A., a multinational food and drink processing corporation based in Switzerland, partnered with Valio Ltd., a Finnish dairy products manufacturer, to enhance their lineup of premium dairy products.
Who Are the Key Players in the Lactose Market?
Major companies operating in the lactose market include:
• Kerry Group
• Saputo Inc.
• Lactalis Ingredients
• Leprino Foods Company
• Glanbia PLC.
• Lactose India Ltd.
• Davisco Foods International Inc.
• DMK Deutsches Milchkontor GmbH
• Molkerei MEGGLE Wasserburg GmbH & Co. KG
• Royal FrieslandCampina NV
• FrieslandCampina
• Armor Proteines
• Bayerische Milchindustrie eG
• Milei GmbH
• Fonterra Co-operative Group
• Agropur Cooperative
• Nestle SA
• Danone SA
• Dairy Farmers of America Inc.
• Arla Foods amba
• Gujarat Co-operative Milk Marketing Federation Ltd.
• Inner Mongolia Yili Industrial Group Co Ltd.
• Ba'emek Advanced Technologies Ltd.
• Hilmar Cheese Company
• Avantor Inc.
• Danone North America Inc.
• Kraft Heinz Company
• Glanbia Plc
• Foremost Farms USA
• Erie Foods International Inc.
What Is The Most Dominant Region In The Lactose Market?
North America was the largest region in the lactose market in 2024. The regions covered in the lactose market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
