What is Lactose?
Lactose is seen in a variety of foods as well as pharmaceutical products. Lactose is a fastly fermentable carbohydrate; therefore, using it as a carbon and energy source for fermentation to build metabolites is a viable option. Lactose, digested more gradually than glucose or sucrose, could be a possible option for decreasing catabolite suppression. Lactose is a disaccharide in numerous mammals' milk, including humans and cows. Lactose is treated with a-galactosidase, which, in addition to being a hydrolase, also shares d-galactopyranosyl units to the nonreducing lots of lactose and grows oligosaccharide chains produced by adding -d-galactopyranosyl units to the lactose, resulting in oligosaccharides with d-glucose at the reducing end. Increasing consumption of dairy products among consumers and growing awareness regarding the importance of infant formula gives rise to the demand for lactose are some of the factors driving the Lactose Industry.
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Lactose Market Size
The lactose market size reached USD 2 billion in 2021, and it is anticipated to reach USD 3.67 billion in 2028 during the forecast period of 2022-2028. The fitness trend has been on the rise, and more people are participating in sports and physical activities, whether it's to lose weight or improve endurance. Lactose is predominantly used in the food & beverage application, majorly consumed as dairy enzymes, making dairy products lactose-free by reducing and eliminating the lactose content. The growing cases of lactose intolerance are one of the key elements augmenting product demand.
Growth Drivers in Lactose Market
Reducing Breastfeeding Rates to Fuel Lactose Demand
The growth in the working population and availability of breast milk replacements are mainly responsible for the declining breastfeeding rates across the globe. The declining breastfeeding rate in developed and developing countries is one of the critical aspects increasing the demand for infant formula in developing regions.
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Growing Need for Refined-Edible Quality Lactose to Help the Lactose Growth
The growing demand for refined-edible grade lactose is anticipated support the industry growth in the forecast period. It can be attributed to the strict guidelines around the purity level of lactose in industries like pharmaceuticals and infant formula. Further, inventions like dry-blend infant-grade lactose and others are expected to contribute to the segment's growth.
Opportunities in Lactose Market
Consumers are growing in search of 'Added Nutrition to create Promising Opportunities.
Lactose has been attracting the interest of the nutraceuticals and pharmaceuticals industry recently as the demographic assumed the health & wellness trend. As the consumers' tracking for more Nutrition outside their routine food grows, lactose is the only source of galactose that meets consumers' neural and immunological requirements.
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Restraints in in Lactose Market
Growing Substitution of Lactose in Feed Manufacturing and Product to Restrict Growth
The prominent applications of lactose are in the feed, food, and pharmaceutical industries. Moreover, due to the increased cost and restricted availability of lactose, most feed manufacturers are moving toward alternate options such as table sugar, molasses, dextrose, and maltodextrins. It is a major factor restricting the market growth during the forecast period.
Pre Covid-19 Impact on Lactose Market
Pre covid-19 period, the increase in disposable incomes and the advancement in living standards in developing regions are also expected to serve as foremost drivers for the India lactose market. In addition, the growth in the pharmaceutical industry, associated with the increased demand for baked goods, confectionery, creams, and others and the high consumption of processed foods, is also raising the growth of the lactose market.
Covid-19 Impact on Lactose Market
The covid-19 had a favourable impact on the lactose market. Most of the production was unaffected by the pandemic as dairy foods are essential, and dairy processing units were fully functional during the lockdown period. A significant gap between supply and demand was observed during the shutdown and lockdown. On the other hand, the demand increased due to mass buying and stocking up on essential raw materials from players in the food processing and dairy industry. The significant price increase due to the supply deficiency was mainly responsible for the significant surge in the market.
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Post Covid-19 Impact on Lactose Market
After the covid-19 period, the rising of chronic diseases and growing endeavours by the government for healthcare awareness are fuelling the need for advanced treatment options. As a result, the major market participants are concentrating on introducing blockbuster drug molecules to satisfy the demand, which is expected to boost the growth of the pharmaceutical market during the study period. This high growth in the pharmaceutical industry is projected to fuel the demand for the lactose market.
The Lactose Market Is Segmented Into:
By Derivatives Segmental Analysis
Based on derivatives segmental analysis, the India lactose market is segmented into Lactulose, Galactose, Lactitol, Lactosucrose, and Others. Lactulose dominates the India lactose market during the forecast year, owing to the increased demand for lactulose in different industries like food and pharmaceutical. Further, the rise in the application of lactulose in different confectionery products will start the market's growth in the forecast years.
By Foam Segmental Analysis
Based on foam segmental analysis the India lactose market is segmented into powder and granule. Powder-based lactase led to the highest share of the lactose market. Lactase powder is a non-toxic biological enzyme that fulfils the Food Chemical Codex (FCC). Specifications for food-grade substances, letting the utilization of the product in different food and dietary supplement applications.
By End-User Segmental Analysis
Based on end-user segmental analysis, the India lactose market is segmented into Food and Beverage, Pharmaceutical, Feed Stock, Cosmetics and Personal Care, and Others. The food & beverage application led the market with the highest share during the forecast year. The rising awareness regarding health and growing incidences of lactase non-persistence is anticipated to fuel market growth in the coming years. Increasing consumption of high-quality foods delivering natural flavour and taste donated to the segment's growth.
Competitors Analysis in Lactose Market
The companies include Fonterra Co-operative, Royal FrieslandCampina N.V, Leprino Foods Company, Hilmar Ingredients, Meggle Group, Arla Foods amba, Saputo Inc., BASF SE, Avantor, Inc., Agropur Inc., Armor Pharma and other prominent players in the India lactose market.
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Recent Developments in Lactose Market
· In October 2019- Saputo Inc. registered that it had agreed to buy Lion-Dairy & Drinks Pty Ltd's specialty cheese business.
· In August 2018- Fonterra started a joint venture agreement with Future Consumer Ltd, one of India's largest business firms, to develop dairy and food service items, which will probably satisfy India's rising need for high-quality dairy foods.
· In February 2022- Abbott Nutrition voluntarily recalled certain powdered infant formulas due to probable bacterial infections, including Salmonella.
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About this Report
This global lactose market report provides growth drivers, latest opportunities, Segment revenue, covid-19 impact, restraints and major players. In addition, this report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends.
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