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Lactose Market Share

Report ID: GMI8392
Published Date: Mar 2024
Report Format: PDF

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Lactose Market Share

The lactose industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced types based on different technologies is among a key market strategy. Some of the leading industry players including BASF SE, Armor Pharma, Hilmar Cheese Company, Inc., Merck & Co., Inc., MILEI GmbH, among others have a notable presence in the market.

Lactose Market Companies

Some of the eminent market participants operating in the lactose industry include:

Armor Pharma
Ba'emek Advanced Technologies Ltd.
BASF SE
Davisco Foods International, Inc.
Hilmar Cheese Company, Inc.
Hoogwegt
Kerry Group plc.
Lactose India Limited
Merck & Co., Inc.
MILEI GmbH

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Lactose market size was USD 2.3 billion in 2023 and is estimated to reach over USD 4.5 billion by 2032, attributed to the ongoing advancements in lactose production and increasing consumption of dairy product.

The powder form segment accounted for over 63% of the market share in 2023 and is anticipated to witness significant growth by 2032, due to its excellent flow properties, compressibility, and compatibility with active pharmaceutical ingredients (APIs).

North America lactose market size was USD 930.1 million in 2023, driven by the continued preference for dairy-based foods.

Armor Pharma, Ba'emek Advanced Technologies Ltd., BASF SE, Davisco Foods International, Inc., Hilmar Cheese Company, Inc., Hoogwegt, Kerry Group plc., Lactose India Limited, Merck & Co., Inc are some of the major industry contenders.