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Lactose Market Trends

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

Lactose Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological advancements in purification methods, expanding applications in pharmaceutical and nutraceutical industries, rising focus on clean label and natural ingredients, and growing demand for dairy ingredients and products, among other factors are propelling the industry growth.
 

  • The demand for dairy ingredients and products remains robust globally, driven by factors such as population growth, rising disposable incomes, and increasing awareness of the nutritional benefits of dairy consumption. As a key component of dairy products, lactose experiences steady demand from manufacturers of milk, cheese, yogurt, infant formula, and other dairy-based foods and beverages.
     
  • Moreover, the rising popularity of plant-based diets and vegan lifestyles prompts consumers to seek plant-based alternatives to dairy products, including lactose-free options made from plant sources such as soy, almond, coconut, and rice. Plant-based milk alternatives, creamers, and dairy-free desserts cater to consumers looking for lactose-free, allergen-friendly, and environmentally sustainable alternatives to traditional dairy products.
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.

Lactose Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 267
  • Countries covered: 22
  • Pages: 120
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