Lactose and Derivative Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Lactose and Derivative Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 31,798.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.4% and is expected to reach a valuation of US$ 48,911.6 Mn by 2032 end.
Throughout the projected period, Inhalation of lactose is used in treating patients with insufficient lactase levels and with Lactose Intolerance. It is widely used in dietary supplements, dairy products such as cheese, yogurt, and other foods and liquid beverages.
ChemView Consulting has analyzed that Casein and derivatives are milk proteins derived from the milk of mammals like cows, sheep, humans, buffalo, and others. It is utilized as a binding agent in a variety of foods. With its high protein content and thickening agent feature, it has a variety of health benefits.
Casein is used in various industries, including the food, paint, cosmetics, and pharmaceutical industries. The rennet casein is used to make cheese and is key to separating milk into liquid or whey. Increased demand from the food and beverage sector due to nutritional benefits, rising health consciousness among consumers, and growing urbanization coupled with consumers depending more on ready-to-eat food items are driving this market’s growth.
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Segments Covered in Report
By Product Type:
- Lactobionic Acid
- Lactic Acid
- Food and Beverages
- Feed Ingredient
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Lactose and Derivative Market
- Based on the End-Use, At 45.0% of the market, Food and Beverages had the greatest revenue share. More than ever, demand for convenience food and beverage is driving growth in this market segment. Demand from consumers looking for time-saving, high‐quality products that fit their busy schedules is helping drive revenues for whey protein powders.
- Based on the Product Type, The Lactitol product class was led by lactitol, a sugar alcohol with 30.0–40.0% sucrose’s sweetness used as a replacement bulk sweetener for low-calorie foods. Lactitol is a common component in foods low in calories or fat. Its high stability makes it a favorite for baking.
- Based on Region, the Asia Pacific market held a sizeable revenue share of 47.9%. This market has been mainly led by the increasing consumption of processed foods, high consumption of dairy products across Asian countries, and growing consumption of packaged foods such as confectionery, ice cream, and other frozen desserts in Asia Pacific.
Key companies covered in the market study are Friesland Foods Domo, Solvay S.A., and Danisco A/S. (DuPont Nutrition & Health), Archer Daniels Midland Company, BIOFAC A/S, MEGGLE Group, The TATUA Co-operative Dairy Company Ltd., MILEI GmbH, Fresenius Kabi AG, Davisco Foods Internationa lnc., DMV International Pharma, Glanbia Foods Inc., Tatura Milk Industries Ltd, Arla Foods Inc, Proliant Inc., Fonterra Co-Operative Group, Saputo Inc., Others.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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