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The Lactose and Derivatives market is valued at USD 42.1 Billion in 2022 and is projected to grow at a CAGR of 4.1% during the forecast period, to reach a value of USD 62.9 Billion by 2032. Newly released data from Future Market Insights market analysis shows that global Lactose and Derivatives demand is projected to grow year-on-year (Y-o-Y) growth of 3.2% in 2022.
Attributes | Details |
---|---|
Market Size Value in 2022 | USD 42.1 Billion |
Market Forecast Value in 2032 | USD 62.9 Billion |
Global Growth Rate (2022 to 2032) | 4.1% CAGR |
Forecast Period | 2022 to 2032 |
Collective Value Share: Top 3 Countries (2021A) | 39.8% |
Lactose for inhalation is an excipient with very high functionality that significantly improves the reliability of dry powder inhalation and, ultimately, the patient's health.
Suppliers, consumers, and regulators are collaborating closely to gain a greater understanding of the advantages of inhalation lactose, adopt a new manufacturing strategy based on statistical models, and set up the proper regulatory framework for emerging technologies. Inhalation lactose continues to be a popular product in the global Pharmaceutical Lactose market due to the significance of the substance in DPI performance.
Additionally, with the manufacturers' development of Pharmaceutical Lactose, the market has recently seen product introductions.
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The market grew with a CAGR of 3.6% between 2017 and 21, as today's consumers are concerned not just with the product’s quality but also with their origins and the business's moral character. Companies are therefore concentrating on providing products with a strong positive image and developing strong brands.
For instance, Agropur, a top producer of lactose derivatives, places a strong emphasis on creating a variety of brands, including Farmers, Island Farms, Dairytown Lucerne, biPro, Agropur Signature, and many others.
Rapidly increasing use of lactose nutrition in healthy snacks such as bars is anticipated to provide a vast opportunity for the market for lactose and nutraceutical ingredients. For instance, in August 2018, Herbalife Nutrition launched a new Herbalife24 Achieve Protein Bar, a new protein product consisting of high-quality whey and milk protein.
The dairy industry is at a turning point with a growing economy, growing disposable income, and expanding middle-class population. Due to these key factors, consumers are shifting toward a healthy lifestyle and consequently, demand for lactose-based products is steadily increasing as consumers are becoming more aware of the benefits of lactose derivatives to maintain health and well-being.
From 2022 to 2032, the USA's increasing demand for protein-enriched foods and general awareness about the benefits of protein has increased extensively among consumers. Customers are looking to increase their protein consumption for several motives, such as weight loss and general health. They are also identifying the role of protein in overall nourishment and its capacity to release amino acids gradually.
For instance, Fairlife LLC, a dairy company based in the USA, has launched high-protein milk which contains more than 50% of natural protein and calcium.
Over the forecast period, it is expected that the Chinese market will expand at a CAGR of 4.6%. China's expanding population and its demand for protein are driving the market.
Additionally, the Usage of lactose-based products for application in animal feed is gaining popularity in China. The feedstuff industry holds an important share of the global lactose derivatives market.
A few billion pounds of concentrated or dried whey is used up each year as a supplement to feeds, and indisputably, the lactose and its derivatives present in this whey play a vital role in improving the nutrition of domestic animals and will continue to do so. This will boost the overall lactose derivative market globally.
The market for this product class is led by lactitol, a sugar alcohol with 30-40% of sucrose's sweetness that is used as a replacement bulk sweetener for low-calorie foods. Lactitol is a common component in foods that are low in calories or fat. Its high stability makes it a favorite for baking. It is used in sugar-free sweets, cookies (biscuits), chocolate, and ice cream and has a sweetness level that is 30 to 40% higher than sucrose.
Lactitol promotes gut health by acting as a prebiotic. Lactitol only contains 2-2.5 kilocalories (8.4-10.5 kilojoules) per gram as opposed to normal saccharides' 4 kilocalories (17 kJ) per gram because of their restricted absorption. Lactitol, therefore, contains about 60% more calories than typical saccharides.
Lactitol is listed as an excipient for medical uses in some prescription drugs. Lactitol, sold under the brand name Important, is a laxative that can be used to treat or prevent constipation.
In the USA, lactitol has been approved for use as an osmotic laxative to treat adults with chronic idiopathic constipation (CIC). As a recognized laxative for the treatment or prevention of idiopathic constipation, ispaghula husk, and lactitol work well together. Lactitol, mannitol, sorbitol, erythritol, xylitol, and maltitol are a few examples of sugar alcohols.
The USA Food and Drug Administration (FDA) classifies sugar alcohols as generally recognized as safe (GRAS). They are accepted as food additives because they don't cause tooth decay or blood sugar spikes.
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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-Operrati, and Solvay S.A. are a few of the major lactose and derivative market players identified across the value chain in this market.
Attribute | Details |
---|---|
Market Size Value in 2022 | USD 42.1 Billion |
Market Forecast Value in 2032 | USD 62.5 Billion |
Global Growth Rate | 4.1% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | MT for Volume and USD Billion for Value |
Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
Key Market Segments Covered | Product Type, End Use, Form |
Key Companies Profiled |
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Pricing | Available upon Request |
The Lactose and Derivatives market is estimated to reach sales of nearly USD 42.1 Billion by 2022.
Lactose and Derivatives market revenue is expected to increase at a CAGR of around 4.1% during the period 2022 to 2032.
Lactose and Derivatives sales increased a CAGR of around 3.7% over the past half-decade.
The global Lactose and Derivatives market value is estimated to be around USD 62.9 Billion in 2032.
The top countries driving the Lactose and Derivatives demand are the USA, Germany, China, and the United Kingdom.
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