A recent report published by Infinium Global Research on lactose market provides in-depth analysis of segments and sub-segments in the global as well as regional lactose market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional lactose market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global lactose market. According to the report, the global lactose market is projected to grow at a CAGR of 4.8% over the forecast period of 2019-2025.
Lactose is a disaccharide (sugar). It is generally found in the milk and milk-based products. It aids in the absorption of the phosphorus and calcium by the body and facilitates the growth of beneficial bacteria in the human gut, which helps to maintain a good digestive system inside the body. The galactose, which is found in the lactose, produces galactolipids, which helps in the development of the nervous system and brain in a proper way. Further, the glucose which forms the bond with galactose to form lactose in milk, supplies required energy to the body.
The growing application of lactose for the proper development and maintenance of the body is helping to grow the demand of the lactose market. Further, several people are lactose tolerance, who are unable to digest sugar (lactose) present in the milk, need a large amount of external lactose to maintain their body. Additionally, the growing demand of the lactose for the production of confectionery/chocolate, bakery, meat salting industry, and baby food industry is helping to grow the demand of the lactose around the globe. However, lack of awareness among the consumers about the lactose and its related product is hampering the growth of lactose market. Recently one survey conducted by the Nestle among mothers with children aged above 6 months or above, found that several mothers were not knowing about lactose, its different sources, benefits, and function. The same situation is among several consumer groups.
Geographically, the global lactose market segmented by North America, Europe, Asia-Pacific, and RoW. North America is the leading market of the lactose market, owing to the presence of a large amount of the well-informed consumer base and the presence of a large number of leading lactose manufacturing companies. Additionally, the presence of the leading pharmaceutical companies in this region is helping to grow the demand of the lactose based products among lactose resistance people. Europe is the second largest market after North America. The Asia-Pacific lactose market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the lactose based product among the child-rearing parents.
The report on global lactose market covers segments such as form, and end use. On the basis of form, the sub-markets include powder form, and granule form. On the basis of end use, the sub-markets include food & beverages, pharmaceutical, animal feed, and cosmetics & personal care.
The report provides profiles of the companies in the market such as Glanbia plc, Fonterra Co-operative Group Limited, DuPont Nutrition & Heath(Danisco), ZPD A/S, BASF SE, Ba'emek Advanced Technologies Ltd., Arla Foods amba, Avantor, Armor Pharma, Käserei Champignon, and Hofmeister GmbH & Co. KG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lactose market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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