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Global Lactose Market to Exhibit a CAGR of 3.7%; Increasing Demand from Pharmaceutical Industry to Augment Growth

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Nidz B
Global Lactose Market to Exhibit a CAGR of 3.7%; Increasing Demand from Pharmaceutical Industry to Augment Growth

The global lactose market size is projected to reach USD 1.53 billion by 2026, thereby exhibiting a CAGR of 3.7% during the forecast period. The market was valued at USD 1.19 billion in 2018. This information is published in a report by Fortune Business Insights, titled, “Lactose Market Size, Share Trends & Industry Analysis, By Purity (Crude Lactose, Edible Lactose, and Refined-edible Grade Lactose), By Color (Yellow Lactose, Pale-yellow to White Lactose, and White Lactose), By Applications (Food, Feed, Infant Formula, and Pharmaceuticals), and Regional Forecast, 2019-2026.” The report further mentions that the market is likely to gain momentum from the rising application of lactose in various industries, namely, food and beverages and feed. It is also used in the making confectioneries, bakery products, and creams.


Request a Sample Copy of the Research Report: 

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/lactose-market-101774


Highlights of the Report

  • Elaborate information regarding the lactose market trends, growth drivers, hindrances, opportunities, and other related challenges.
  • In-depth analysis of the competitive landscape consisting of joint ventures, new product launches, innovations, mergers and acquisitions, and agreements.
  • Market size in terms of both value and volume.


Usage of Lactose in Making Sports Drinks Will Drive Market Growth

The sports and dietary supplements industry is growing at a sizeable rate all over the world. It is occurring because of the rising participation of the populaces in active and recreational sports. Also, increasing number of organized sports is contributing to the growth of this industry. The regional governments as well as non-profit organizations are also taking various initiatives to increase the awareness about health, fitness, and personal well-being amongst the masses. This is resulting in the rising demand for clinical and sports nutrition products. In the food industry, lactose is experiencing high demand owing to its clinically proven health benefits and other physical properties that are making it the perfect ingredient for making sports drinks. It is expected to boost the lactose market growth during the forecast period.


Quick Buy:

https://www.fortunebusinessinsights.com/checkout-page/101774


Refined-edible Grade Lactose Segment to Exhibit Immense Growth Backed by Demand from Infant Formula Industry

In terms of purity, the market is fragmented into refined-edible grade lactose, edible lactose, and crude lactose. Out of these, the edible grade lactose segment had acquired 27.1% lactose market share in 2018. However, the refined-edible grade lactose segment had generated the highest revenue in 2018 and had lead the market. It is widely used in the infant formula and pharmaceutical industries. Several prominent players are offering novel products, such as dry-blend infant-grade lactose. It is, in turn, increasing demand for refined-edible grade lactose. Additionally, these industries have set up a few strict specification requirements for this type of lactose that requires additional steps for purification. All these factors are likely to propel this segment in the coming years.


Fortune Business Insights lists out some of the most reputed companies operating in the global lactose market. They are as follows:

  • Kerry Inc.
  • MILEI GmbH
  • FrieslandCampina
  • LACTALIS Ingredients
  • Glanbia Plc.
  • Lactose (India) Limited
  • Fonterra Co-operative Group
  • Arla Foods Ingredients Group A/S
  • Armor Proteines
  • Molkerei MEGGLE Wasserburg GmbH & Co.KG
  • Hilmar Cheese Company, Inc.


Speak to Analyst at

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/lactose-market-101774


Table of Content:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Key Insights
  • Overview of Application of Lactose: By Color
  • Production Share of Lactose, By Region, 2018
  • Price Comparison (US$, Per Ton): By Grade (Crude Lactose, Edible Lactose, Refined-edible Lactose), 2018
  • Overview of Application of Lactose: By Grade
  • Price Comparison (US$, Per Ton): By Color (White, Pale-Yellow to White, Yellow)
  • Price Comparison (US$, Per Ton): By Application (Feed, Food, Infant Formula, Pharmaceutical), 2018
  • USDA Average Prices, Lactose, 2019

ToC Continue…


About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.

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Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

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APAC : +91 744 740 1245

Email:[email protected]

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