Lactose Market Scope
Lactose, a Milk Carbohydrate, Has High Nutritional Value and is Mainly Used as Constituent of Foods and Medicinal Products. It is one of the Chief Components of Human and Animal Milk. It Acts as an Energy Carrier in the Milk. It is White, Water Soluble and Mildly Sweet in Taste. Lactose is Produced by Crystallizing an Oversaturated Solution of Whey Concentrate, a By-Product of Casein and Cheese Production. The Demand for Lactose Has Increased Considerably in the Past Decade
According to AMA, the Global Lactose market is expected to see growth rate of 5.25%
The market for Lactose is highly fragmented with the presence of many manufacturers worldwide. The top players may use various strategies like merger, acquisition and product launch to boost their market share. Also, there is an opportunity for new players to enter the market owing to the steep growth of the lactose market. Research Analyst at AMA estimates that United States and European Vendors will contribute to the maximum growth of Global Lactose market throughout the predicted period.
Fonterra (New Zealand), Glenstal Foods (Ireland), Glanbia Ingredients Ireland (Ireland), Interfood (Netherlands), Kaskat Dairy (Poland), Arion Dairy Products (Netherlands), Arla Foods (Denmark), Armor Pharma (France), Bayerische Milchindustrie (Germany) and Davisco Food International (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are DMK Deutsches Milchkontor(Germany), Grande Cheese (United States), Hilmar Ingredients (United States), Kerry Group (Ireland), Lactose (India) Limited (India), Jigchem Universal (India), DFE Pharma (Germany), Wuhan Adar New Material Co. Ltd (China), Sinoright International Trade Co. Ltd (China) and Hebei Guanlang Biotechnology Co. Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Lactose market by Type (Industrial/Fermentation Grade, Food Grade and Refined Edible Grade), by Application (Infant foods, Chemicals/Pharmaceuticals, Dairy Products, Prepared Dry Mixes, Bakery Products, Soft Drinks/Special Dietary Foods, Confectionary and Others) and Region with country level break-up.
On the basis of geography, the market of Lactose has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In September 2019, European dairy giant Arla Foods launched new dairy products that it claims is the world's first climate-neutral dairy range with a net-zero climate footprint and In June 2019, Fonterra launched a range of four products in India under the brand Dreamery through a joint venture with retail giant Future Group.
Market Trend
- Increased Awareness About Dairy Products and Rise In Disposable Income
Market Drivers
- Globally Expanding Pharmaceutical Sector Relying on High-Quality Lactose for its Use as an Excipient in Manufacturing of About 70 Percent Medical Tablets
- Expanding Food and Beverage Industry Worldwide Requiring Lactose Mostly as a Less Sweet Energy Source in the Confectionary, Meat, Bakery and Infant Products
Opportunities
- Increasing Usage of Lactose in Nutraceutical and Sports Nutrition Industries for Well-Being and Health Enhancements Products May Boost the Existing Market Share of the Lactose
- Global Upsurge in the Consumption of Ready to Eat Healthy Snacks and Instant Health Drink Powders May See a Rise in the usage of the Lactose
Restraints
- Growing Popularity of Lactose-Free Products Maybe a Hindrance for Lactose Market
Challenges
- Rise of Numerous Small Scale Lactose Manufacturers May Result in Drop-in Prices of Lactose
- Meeting the Supply of High-Quality Lactose For Huge Pharmaceutical Sector May Pose a Challenge
Key Target Audience
Lactose Manufacturing Companies, Lactose Exporters/Importers, Lactose Traders/Distributors, Upstream Vendors, Downstream Vendors, Regulatory and Government Bodies and Others