Lactose Powder Market Scope
Lactose refers to the sugar found naturally in dairy products, namely milk and milk by-products. It is a major component of whey and helps in optimising milk calcium utilisation by boosting intestinal absorption and dairy protein assimilation. Lactose powder is obtained from milk is a inert and water-soluble substance with a pH value of seven and sweet milky aroma. It consists of Glucose, Sugar and Galactose molecules, and functions as a source of instant energy.Further, Affordability, easy availability and low level of sweetness as compared to other sweeteners are some of the factor driving the Global Lactose Powder Market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Lactalis Group (France), Nestle S.A (Switzerland), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (United States), Land O'Lakes, Inc. (United States) and Meggle Pharma (Germany) |
CAGR | % |
The market is concentrated with few players. Increasing health concerns such as weight management, but more importantly by the move of sports and performance products from niche to mainstream products. This is driving the Global Lactose Powder Market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lactose Powder market throughout the predicted period.
Lactalis Group (France), Nestle S.A (Switzerland), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (United States), Land O'Lakes, Inc. (United States) and Meggle Pharma (Germany) are some of the key players that are part of study coverage.
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 the total available market.
Segmentation Overview
The study have segmented the market of Global Lactose Powder market by Type , by Application (Food Industry, Diet & Sports Nutrition Industry, Pharmaceutical Industry and Others.) and Region with country level break-up.
On the basis of geography, the market of Lactose Powder 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). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In January 2019, Thompson & Grace Pharmaceuticals Limited (T & G Pharma), a leading pharmaceutical company in Nigeria has launched Valio milk powder, lactose-free milk powder. and Valio milk comes into the Nigerian market in four variants of Valio lactose-free whole milk; Valio lactose-free semi-skimmed milk; Valio lactose-free skimmed milk and Valio skimmed milk.
In October 2023, Nestlé has launched its first “affordable and nutritious” instant powder in Central and West Africa, made with a blend of milk and plant ingredients.
Influencing Trend:
Substitute for Liquid Milk in Making Various Bakery Products and Coating of Lactose Powder for Over the Counter Drugs like Antacids
Market Growth Drivers:
Demand for Dairy Milk Products, The Flourishing Food and Beverage Industry, Increase in Consumption of Dairy Products and Constant Increase in Toddler and Infant Population
Challenges:
Not Suitable for Lactose Intolerant People and Lack of Awareness about the Benefits of Lactose Powder in Emerging Countries
Restraints:
Availability of Counterfeit Products
Opportunities:
Demand for Lactose Powder and its Expansion and Source of Carbohydrate used In the Manufacturing of Infant Formula
Key Target Audience
Lactose Powder Manufacturers, Food Industry, Industry Associations, Downstream Vendors, Potential Investors and Government and Regulatory Agencies