The increasing demand for refined-edible grade lactose is anticipated to surge the industry growth in the forecast period. The decreasing breastfeeding rates and the growing awareness associated with the importance of infant nutrition are enhancing the demand for infant formula. Consumer food preferences have transformed as a result of changing consumer lifestyles. This has led manufacturers to launch several innovative products for the lactose and derivative market.
According to Data Bridge Market Research, the Global Lactose and Derivatives Market was valued at USD 40.00 billion in 2021 and is expected to reach USD 72.95 billion by 2029, at a CAGR of 7.80% during the forecast period.
" High Demand From The Pharmaceutical And Dietary Supplement Industries Surge the Market Growth"
Lactose and other derivative products are widely used in infant products and confectionaries. The lactose and derivative market is anticipated to surge the demand for lactose and derivatives, and sales of lactose and derivatives from different pharmaceutical companies since new inhaled drug therapies are developing. Lactose and derivative products are expected to see huge growth in demand as a source of low sweetening power, low-glycaemic index carbohydrate, and calorific value in the upcoming years. Thus, this factor boosts market growth.
What restraints the growth of the Global Lactose and Derivatives Market?
" Wide availability of alternatives is a major challenge"
Several alternatives to lactose and derivatives are available such as soy protein, rice protein, whey protein, potato-based milk, and almond protein, which may restrict the growth of the lactose and derivatives market. Additionally, these alternatives are less expensive than lactose and derivatives and help prevent diabetes and high blood pressure. All these major factors impede the growth of the market.
Segmentation: Global Lactose and Derivatives Market
The global lactose and derivatives market is segmented on the basis of type, product, and end use.
- Based on type, the global lactose and derivatives market is segmented into lactulose, lactilol, gos, lacto bionic acid, galactose, sialyllactose and others.
- Based on product, global lactose and derivatives market is segmented into lactose pharma and speciality products.
- Based on end use, the global lactose and derivatives market is segmented into animal feed, confectionery, food, pharmaceuticals & beverages
Regional Insights: North America is expected to dominate the Global Lactose and Derivatives Market
North America dominates the market due to the region's wide presence of major companies such as Erie, Amco Proteins, and Friesland Campina. The region is famous for developing casein's nutritional benefits and surging the demand for flavored drinks and beverages. Additionally, the growth is boosted by consumers' increasing preference for convenience and quick nutrition, which enables manufacturers to replace existing casein products with flavor-enhanced milk and yogurt.
Asia-Pacific is expected to grow in 2022-2029 to the rapidly growing demand for infant formula in countries such as China and India. This can also be attributed to an increasing population, growing awareness, and enhanced living standards. Furthermore, the growing feed production in the region is also helping the industry grow since lactose has numerous applications in the feed industry, particularly as an ingredient for pig feed.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-lactose-and-derivatives-market
Recent Developments in Global Lactose and Derivatives Market
- In 2020, Arla Foods Ingredients launched the first-ever organic micellar casein isolate, assisting manufacturers in meeting the demand for organic, natural, and functional protein products. Micellar casein isolate is a new ingredient highly rich in native milk proteins. It is extracted from milk without the addition of acids using gentle processing.
- In 2021, Lactalis launched "pure" micellar casein. The following product is minimally processed and provides a high protein and amino acid profile. The process used for extraction is "cold filtration.
The Prominent Key Players Operating in the Global Lactose and Derivatives Market Include:
- Bayer AG (Germany)
- Abbott (U.S.)
- DSM (Netherlands)
- DuPont. (U.S.)
- Amway (U.S.)
- The Nature's Bounty Co. (U.S.)
- GlaxoSmithKline plc. (U.K.)
- Nestlé SA (Switzerland)
- Mead Johnson & Company, LLC. (U.S.)
- Medifast, Inc. (U.S.)
- Premier Nutrition Corporation (U.S.)
- TOOTSI IMPEX Inc. (Canada)
- Health Food Manufacturers' Association (U.K.)
- NOW Foods (U.S.)
- Glanbia PLC (Ireland)
- Herbalife International of America, Inc. (U.S.)
- Bionova (India)
Above are the key players covered in the report, to know about more and exhaustive list of global lactose and derivatives market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Lactose and Derivatives Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
