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The global lactose powder market reached a volume of 865 Kilotons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 1,047 Kilotons by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Lactose is naturally found in milk and milk-based products. It is a vital component of whey and aids in optimizing milk calcium usage by improving intestinal absorption and dairy protein assimilation. Lactose powder is a white, inert and water-soluble substance that is obtained from milk and has a pH value of seven. It comprises sugar, glucose and galactose molecules, and functions as an excellent source of instant energy. Currently, there is an increase in the consumption of nutritious food and beverages on account of the rising health consciousness among consumers. This, in turn, is spurring the demand for lactose powder across the globe.
The thriving food and beverage industry is one of the key factors driving the market growth. Lactose powder is easily available, cost-effective and has a low level of sweetness, owing to which it is widely utilized as a filler in various bakery and confectionery products such as bread, cookies, cereals and pancakes. It is also employed in frozen and canned products including soups, dehydrated potatoes and meal-replacement supplements to prevent discoloration. Apart from this, it is utilized in the pharmaceutical industry as a coating in over-the-counter (OTC) drugs such as antacids, throat lozenges and birth control pills. Furthermore, owing to the rising demand for calcium-fortified beverages among consumers, manufacturers are focusing on diversifying their portfolio of lactose-based products.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lactose powder market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on application.
Breakup by Application:
At present, the food industry accounts for the majority of the total market share.
On the geographical front, North America represents the largest market for lactose powder around the world. This can be attributed to the concentration of dietary supplement manufacturers in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the lactose powder industry:
|Base Year of the Analysis||2020|
|Units||US$ Billion, Kilotons|
|Segment Coverage||Application, Region|
|Region Covered||North America, Europe, Oceania, Asia, Latin America, Middle East and Africa|
|Companies Covered||Lactalis International, Nestlé SA, Fonterra Co-operative Group Limited, Dairy Farmers of America Inc., Land O’Lakes, Inc. and MEGGLE GmbH & Co. KG|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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