TMR Image

Lactose Market has been estimated to be valued around US$ 1,750.7 Mn in 2019, which is projected to increase at a CAGR of 4.4% during 2019-2029

WILMINGTON, DELAWARE, UNITED STATES, July 27, 2022 /EINPresswire.com/ -- Target Segments for Lactose

The global lactose market is segmented on the basis of end use, form and region. On the basis of end use, the lactose market is segmented into food and beverage, pharmaceuticals, animal feed and cosmetic and personal care. The pharmaceuticals segment is anticipated to account for a value share of 45.5% in the year 2019 owing to functional and physiological characteristics.

The food and beverage segment is further sub segmented into bakery, confectionary and functional food. The bakery segment is anticipated to account for a value share of 43.7% in the year 2019. On the basis of form, the lactose market is divided into powder, and granule. The powder segment is anticipated to account for more than 90% value share of the global lactose market

Request Free Sample of the Report –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17099

Target Geographies for Lactose

The report for the Lactose market has been segmented into North America, East Asia, South Asia, Europe, Latin America, and Middle East & Africa. North America constitutes 19.3% of the market share for Lactose market in the year 2019. The region is anticipated to register a CAGR of 3.2% over the forecast period. Lactose is gaining market traction in North America due to escalating demand among consumers and increasing use of lactose in medical and cosmetic industry.

Manufacturers of lactose products are expected to face an ease in the marketing their products in the region, owing to the mature consumer base present in this region for lactose induced products. The new offerings in the lactose product segment are expected to get easily adopted by consumers.

Request free Customization –https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=17099

This is aligned with the increasing demand for processed lactose dairy product offerings, and offerings other than milk and yogurt in the region over the last few years. Also, well-established supermarkets and other retail chains are expected to increase the penetration of lactose products in the region, which, with the mature market for lactose products, is attributed to be driving the lactose market in the region throughout the forecast period.

TMR has profiled the most prominent companies which are active in the global Lactose market, such as Agropur Inc. (Agropur Cooperative), Alpavit Käserei Champignon Hofmeister GmbH & Co. KG, Armor Pharma (Savencia SA), Avantor, Inc., Biofac A/S (Zeria Pharmaceutical Co., Ltd.), Hilmar Ingredients Inc. (division of Hilmar Cheese Company), Hoogwegt Groep B.V., Arla Foods amba, Ba'emek Advanced Technologies Ltd (Tnuva Group) (Tnuva Food Industries - Israel Agricultural Cooperative Society ltd.), Lactose (India) Limited, Meggle Group, Milei GmbH ( Moringa Milk Industry), Proliant Inc., Saputo Inc., Tatua Co-operative Dairy Company Ltd., BASF SE, Danisco A/S. (DuPont Nutrition & Health), Merck KgaA, Fonterra Co-Operative Group and Glanbia plc among others.

Global Lactose Market: Competition Dashboard

Key Activities by Major Players of Lactose Market:

In December 2018, the Zeria Pharmaceutical Co., Ltd. through its subsidiary launched launch of TP05 Mesalazine in Europe.

Make an Enquiry before Buying –https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=17099

In April 2019, Hilmar Cheese Company, Inc. entered into an agreement to sell its milk powder facility located at Turlock, California to California Dairies, Inc.
In March 2019, Meggle Group announced launching of lactose-based pharmaceutical excipient at an upcoming CPhI South East Asia expo.

In 12 March, 2019, Tnuva Food Industries Ltd. announced the launch of a startup accelerator program. The program is focusing on retail technologies.

In April 2018, General Mills Inc. completed acquisition of Blue Buffalo Pet Products, Inc. The acquisition has expanded company’s business in wholesome natural pet food category.

More Trending Reports by Transparency Market Research –

Wine Fining Agent Market-https://www.transparencymarketresearch.com/wine-fining-agent-market.html

Seafood Extracts Market-https://www.transparencymarketresearch.com/seafood-extracts-market.html

Jasmine Extract Market-https://www.transparencymarketresearch.com/jasmine-extract-market.html

Ylang Ylang Extract Market-https://www.transparencymarketresearch.com/ylang-ylang-extract-market.html

Paprika Oleoresin Market-https://www.transparencymarketresearch.com/paprika-oleoresin-market.html

Frangipani Extract Market -https://www.transparencymarketresearch.com/frangipani-extract-market.html

Vegan Chocolate Market -https://www.transparencymarketresearch.com/vegan-chocolate-market.html

Frozen Fish & Seafood Market-https://www.transparencymarketresearch.com/frozen-fish-seafood-market.html

About Us:

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Rohit Bhisey
TMR
+1 415-520-1050
email us here

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.