Market Overview:
The global lactose powder market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lactose powder from the food industry, diet & sports nutrition industry, and pharmaceutical industry. Additionally, rising awareness about the benefits of lactose powder is also contributing to the growth of this market. On the basis of type, food grade accounted for a major share of the global lactose powder market in 2017. This can be attributed to its growing demand from various end-use industries such as food and beverage, dairy products, confectionery products, bakery products etc.
Product Definition:
A. Lactose Powder is a white, crystalline powder that is derived from milk sugar (lactose) and used as a food additive. It is important because it helps to improve the texture and shelf life of foods, as well as imparting a sweet flavor.
Food Grade:
Food grade is the term used for dairy products that are fit for human consumption. It has a composition similar to that of regular milk with the addition of minerals and vitamins, thus making it suitable for human consumption. The main function of food-grade is to ensure product quality and safety standards along with complying with government regulations in different countries.
The global lactose powder market size was valued at USD 1,37 billion in 2016.
Pharmaceutical Grade:
Pharmaceutical grade is used in lactose powder for the separation of whey and casein. Whey and casein have different boiling points, dissolving properties, and molecular sizes. The process of separating these two by using pharmaceutical grade provides a higher yield as compared to food grade which makes it more effective.
Lactose powder is widely used in dairy products such as ice creams, cheese making, infant formula production among others.
Application Insights:
The food industry accounted for the largest share of over 70.0% in 2017. The demand from various application segments, such as bakery & confectionery, dairy products and others is expected to drive the global lactose powder market growth over the forecast period. Lactose-free foods are gaining popularity among consumers owing to changing lifestyles along with increasing health concerns regarding sugar intake. This trend is anticipated to fuel product demand in various applications during the forecast period.
Diet and sports nutrition industry was another prominent segment accounting for a significant market share in 2017 due to rising consumer awareness about calorie consumption and nutritional requirements among other factors that influence human health positively or negatively including exercise habits, genetics etc., which can be altered by adopting new lifestyle practices leading towards increased demand for dietary supplements containing lactose powder among other ingredients used at doses recommended by physicians etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for lactose powder from various end-use industries such as food and beverage, pharmaceuticals, and nutraceuticals. In addition, rising prevalence of lactose intolerance among consumers is anticipated to propel product demand in this region over the forecast period.
Asia Pacific is expected to be one of the fastest growing regional markets due to high untapped opportunities in this region coupled with improving economic conditions leading towards increased disposable income levels among consumers are some factors driving regional market growth.
Europe also held a significant share within global industry dynamics owing its large dairy processing capacity that caters majorly large population centers across Germany Italy Spain Ucraina Poland France Russia etc.
Growth Factors:
- Increasing demand for dairy products: The global population is growing and with it, the demand for dairy products. This is expected to drive the growth of the lactose powder market.
- Rising awareness about the health benefits of consuming dairy products: There is a growing awareness among people about the health benefits of consuming dairy products, such as calcium and vitamin D. This is expected to boost demand for lactose powder in the coming years.
- Growing popularity of functional foods: Lactose powder finds application in functional foods due to its ability to improve digestion and absorption of nutrients from food items. This is another factor that is likely to fuel growth in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactose Powder Market Research Report
By Type
Food Grade, Pharmaceutical Grade
By Application
Food Industry, Diet & Sports Nutrition Industry, Pharmaceutical Industry, Others
By Companies
Lactalis Group, Nestle, Fonterra, Dairy Farmers of America, Land O’Lakes, Meggle Pharma, Lactalis Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Lactose Powder Market Report Segments:
The global Lactose Powder market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Diet & Sports Nutrition Industry, Pharmaceutical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lactalis Group
- Nestle
- Fonterra
- Dairy Farmers of America
- Land O’Lakes
- Meggle Pharma
- Lactalis Group
Highlights of The Lactose Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- By Application:
- Food Industry
- Diet & Sports Nutrition Industry
- Pharmaceutical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lactose Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lactose powder is a fine white powder that is derived from milk. It can be used as an additive in food or beverage products to improve the texture, flavor, and sweetness.
Some of the major companies in the lactose powder market are Lactalis Group, Nestle, Fonterra, Dairy Farmers of America, Land O’Lakes, Meggle Pharma, Lactalis Group.
The lactose powder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lactose Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lactose Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lactose Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lactose Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lactose Powder Market Size & Forecast, 2020-2028
4.5.1 Lactose Powder Market Size and Y-o-Y Growth
4.5.2 Lactose Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Diet & Sports Nutrition Industry
6.2.3 Pharmaceutical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lactose Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lactose Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Diet & Sports Nutrition Industry
9.10.3 Pharmaceutical Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Diet & Sports Nutrition Industry
10.10.3 Pharmaceutical Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Diet & Sports Nutrition Industry
11.10.3 Pharmaceutical Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Diet & Sports Nutrition Industry
12.10.3 Pharmaceutical Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Diet & Sports Nutrition Industry
13.10.3 Pharmaceutical Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lactose Powder Market: Competitive Dashboard
14.2 Global Lactose Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lactalis Group
14.3.2 Nestle
14.3.3 Fonterra
14.3.4 Dairy Farmers of America
14.3.5 Land O’Lakes
14.3.6 Meggle Pharma
14.3.7 Lactalis Group
