Lactose and Derivative Market

Lactose and Derivative Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Lactose and Derivative Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 31,798.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.4% and is expected to reach a valuation of US$ 48,911.6 Mn by 2032 end.

Throughout the projected period, Inhalation of lactose is used in treating patients with insufficient lactase levels and with Lactose Intolerance. It is widely used in dietary supplements, dairy products such as cheese, yogurt, and other foods and liquid beverages.

Market Dynamic

CHANGING PREFERENCES FOR VARIOUS FOOD BY CUSTOMERS DRIVES THE MARKET FOR LACTOSE AND DERIVATIVE MARKET

In recent years, consumers have shifted from milk to lactose- and derivative-rich products, mainly due to economic and environmental factors. This has led manufacturers to develop innovative products for the lactose and derivative market, which cater to consumers’ increasing preferences for lactose and derivative products and the diverse demand for lactose and derivative products.

ALTERNATIVE SUBSTITUTES MAY HAMPER THE MARKET GROWTH

Alternatives to lactose and derivatives include whey protein, soy protein, rice protein, potato-based milk, and almond protein. They are less expensive than lactose products and aid in the prevention of diabetes and high blood pressure, as well as aiding in weight management. Furthermore, up to 68.0% of the global population suffers from multiple forms of lactose intolerance.

GROWING DEMAND FOR PHARMACEUTICAL PRODUCTS WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

The lactose and the derivative market is flourishing due to new products containing lactitol, galactooligosaccharides, and lactulose. These products are being created for various reasons, including postpartum nutrition for breastfeeding women and patients following abdominal surgery, control of children’s stomach develop- ing problems through limiting the number of sugars absorbed by the body, treating diabetes mellitus (previously known as juvenile diabetes), and reducing lactose intolerance. As a result, the lactose and derivative market can be expected to see the emergence of numerous opportunities for demand as well as sales.

COVID-19 Impact

The coronavirus has harmed the profitability of the lactose and derivative markets. This has led to social distancing tactics enacted in countries that have experienced high levels of exposure. Among the major manufacturers involved in this market, Germany and France were down 1%, while Poland was down 2.1%.

In general, this will drive up demand for lactose and derivatives as it becomes more difficult for people to avoid these illnesses. The market value might not catch up to the pre-COVID-19 value until 2027.

Market Segments Covered in Report

By Product Type:

• Lactose
• Galactose
• Lactulose
• Lactitol
• Lactobionic Acid
• Galactooligosaccharides
• Epilactose
• Lactosucrose
• Sialyllactose
• Tagatose
• Lactic Acid

By End-Use:

• Food and Beverages
• Pharmaceutical
• Feed Ingredient
• Others

By Form:

• Powder
• Granules

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Food and Beverages projected to ensure the most revenue during the forecast period?

At 45.0% of the market, Food and Beverages had the greatest revenue share. More than ever, demand for convenience food and beverage is driving growth in this market segment. Demand from consumers looking for time-saving, high‐quality products that fit their busy schedules is helping drive revenues for whey protein powders. Furthermore, as initiatives to promote well-being and reduce health risks continue to take root internationally, demand for low-fat food products with little or no lactose content is growing. These factors are expected to support demand over the forecast period.

Which product category holds the largest market share for lactose and its derivatives worldwide?

In 2021, The Lactitol product class was led by lactitol, a sugar alcohol with 30.0–40.0% sucrose’s sweetness used as a replacement bulk sweetener for low-calorie foods. Lactitol is a common component in foods low in calories or fat. Its high stability makes it a favorite for baking. Lactitol has been used for over fifty years as an excipient for pharmaceuticals and medical products such as laxative powder, tablet binders, suspensions, chewable, and capsules.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, the Asia Pacific market held a sizeable revenue share of 47.9%. This market has been mainly led by the increasing consumption of processed foods, high consumption of dairy products across Asian countries, and growing consumption of packaged foods such as confectionery, ice cream, and other frozen desserts in Asia Pacific.
• The demand for meals high in protein in the U.S. is rising, and consumers are generally more aware of the advantages of protein. Customers want to consume more protein for various reasons, including weight loss and overall wellness. Additionally, they recognize protein’s function in total nutrient absorption and its ability to release amino acids throughout time.

Competition Analysis

Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market. The use of these tactics has been noticed by other companies, who now consider them a possibility for themselves.

A list of some of the key suppliers present in the market are:

• Friesland Foods Domo
• Solvay S.A.
• Danisco A/S. (DuPont Nutrition & Health)
• Archer Daniels Midland Company
• BIOFAC A/S
• MEGGLE Group
• The TATUA Co-operative Dairy Company Ltd.
• MILEI GmbH
• Fresenius Kabi AG
• Davisco Foods International Inc.
• DMV International Pharma
• Glanbia Foods Inc.
• Tatura Milk Industries Ltd
• Arla Foods Inc.
• Proliant Inc.
• Fonterra Co-Operative Group
• Saputo Inc.
• Others

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.