According to the latest report by IMARC Group titled, “Lactose Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global lactose powder market reached a volume of nearly 0.8 Million Tons in 2016, growing at a CAGR of around 1.5% during 2009-2016. Lactose powder is a major component of whey, formed from galactose and glucose. It is water soluble, has a sweet milky aroma with a pH value of seven. The major factors which have contributed in influencing the demand for lactose powder include wide availability, high nutritional value, affordability and low sweetness as compared to other sweeteners. It also serves as an important source of carbohydrate during infant development.
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Highlights of the global lactose powder market:
- The demand is driven its application in several industries such food, pharmaceuticals, and diet and sports nutrition.
- North America represents the largest market for lactose powder.
- The market is expected to reach a volume of more than 0.9 Million Tons by 2022.
Lactose powder is used in a number of industries such as food industry, diet and sports nutrition industry and pharmaceutical industry. In the food industry, it is used in instant powdered foods, soft drinks, bakery products and confectionery products. In the pharmaceutical industry, it is used in tablets, diluent powder, birth control pills, and some OTC drugs to treat stomach acid or gas. Owing to its applications, the global lactose powder market is expected to reach a volume of more than 0.9 Million Tons by 2022.
North America, Asia, Latin America, Europe Union, Oceania, and Middle East and Africa are the key regions for lactose powder. Amongst these, North America is the largest market, accounting for more than half of the global shares. North America is followed by the European Union and Oceania. An evaluation of the competitive landscape of the market finds that Lactalis Group is the largest player in the market. Some of the other major players in the market include Nestle, Fonterra, Dairy Farmers of America, Land O’Lakes and Meggle Pharma.
The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the lactose powder industry. This ranges from macro overview of the market to micro details of the industry performance, manufacturing process and requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the lactose powder industry in any manner.
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The report has evaluated the Lactose Powder on the basis of:
Market Breakup by Application:
- Food Industry
- Diet & Sports Nutrition Industry
- Pharmaceutical Industry
Key Regions:
- North America
- Europe
- Oceania
- Asia
- Latin America
- Middle East and Africa
Key Players:
- Lactalis Group
- Nestle
- Fonterra
- Dairy Farmers of America
- Land O’Lakes
- Meggle Pharma
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