Global Lactose Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The lactose market consists of sales of lactose products by entities (organization, sole-traders, and partnership) that consists of disaccharide of glucose and galactose units. Lactose is a sugar present in milk and is found in all kinds of dairy products made from milk such as ice cream and yogurt. It is found in milk in amounts ranging from 2-8%. Lactose is used in a large number of foodstuffs and in the pharmaceutical industry.

Global Lactose Market Size And Drivers:

The global lactose market is expected to grow from $1.14 billion in 2020 to $1.20 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The change in the growth trend of the lactose market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The lactose market is expected to reach $1.37 billion in 2025 at a CAGR of 3.3%. The rising demand for sports nutrition products is expected to fuel the lactose market growth.

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Trends In The Global Lactose Market

Strategic collaborations are a key trend gaining popularity in the lactose market. Major companies operating in the lactose sector are focused on strategic collaborations to expand their product portfolio. For instance, in March 2019, Lactalis, a France-based dairy products corporation collaborated with Prabhat Dairy, India-based integrated milk and dairy products company to enhance its portfolio of dairy products in India. Additionally, in July 2019, Lactalis acquired Itambé, a Brazil-based dairy company. Through this acquisition, Lactalis plans to expand its capacity and process 2.3 billion liters of milk a year in Brazil.

Global Lactose Market Segments:
The global lactose market is further segmented –
By Form: Powder, Granule
By Purity: Crude Lactose, Edible Lactose, Refined-Edible Grade Lactose
By Color: Yellow, Pale-Yellow To White, White
By End-Use: Food And Beverages, Confectionery, Animal Feed, Pharmaceutical, Cosmetics, Others
By Geography: The global lactose market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Lactose Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides lactose market overviews, analyzes and forecasts market size and growth for the global lactose market, lactose market share, lactose market players, lactose market segments and geographies, lactose market’s leading competitors’ revenues, profiles and market shares. The lactose market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.