Global Market for Lactose is Projected to Reach 1.3 Million Metric Tons by 2020

Growing Demand from the Food and Pharmaceutical Industries Drives the Global Lactose Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Lactose markets. Global market for Lactose is projected to reach 1.3 million metric tons by 2020, driven by expanding application areas and growing consumption in food and pharmaceutical industries.

A key by-product of the dairy industry, lactose is defined as disaccharide sugar derived from milk. Global market for lactose is witnessing steady growth driven by rising demand from the food and pharmaceutical end-use industries. Rising standards of living, easier access to healthcare services and the rapidly aging world population are few of the other important factors driving growth in the consumption of lactose. As a critical ingredient emulating the natural composition of human milk, demand for lactose is also benefiting from the healthy growth in sales of infant formula. Conducive demographics in developing countries, older parents with higher discretionary spends, dual income households, and increasing number of women in the workforce, are key factors driving sales of infant formula.

Lactose has been found to favorably influence the absorption, retention, and utilization of calcium, phosphorus, and magnesium in animals. New research studies also indicate lactose to carry nutritive values unavailable in carbohydrates. Rise in meat consumption as a result of growing population and focus on protein rich diets, increase in meat production and animal husbandry are therefore indirectly helping spur demand for lactose in the animal feed industry. As a filling agent in capsule drug formulations and as a carrier for drugs, lactose is expected to benefit from the growing global sales of pharmaceuticals drugs. Growing population, expanding base of aging individuals in the population mix, increasing prevalence of lifestyle and age-related disorders, increased spending on healthcare are all factors indirectly benefiting demand for lactose in the pharmaceutical industry.

Future growth will also be driven by demand for lactose-derivatives such as lactulose, lactitol and lactobionic acid, among others. Innovation in lactose processing is creating demand for lactose as a raw material in the production of platform chemicals. Lactulose is expected to find immediate use in drugs developed for the treatment of intestinal disorders. With attractive opportunities in the offing for the development of lactulose based antibiotics called “ecobiotics”, demand for lactose in the production of Lactulose is forecast to grow in the coming years.

As stated by the new market research report on Lactose, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 3.6% over the analysis period. Growth in the region is driven by steady economic growth, increasing population, improving income levels, changing lifestyles and rising health consciousness among customers.

Major players in the market include Arla Foods Ingredients Group P/S, Bayerische Milchindustrie eG, Davisco Foods International Inc., DMV International, DFE Pharma, FrieslandCampina, Glanbia Foods Inc., Grande Cheese Company, Hilmar Ingredients, KERRY Group, Lactalis Ingredients, Leprino Foods Company, Molkerei MEGGLE Wasserburg GmbH & Co. KG, and Saputo Inc, among others.

The research report titled “Lactose: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Lactose in Metric Tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, Malaysia, New Zealand and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. End-use markets analyzed in the report include Confectionery, Pharmaceuticals, Functional Foods and Others.

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