Market outlook:

Lactose is a sugar that is present in milk and dairy products. Lactose is a combination of two sugar- glucose and galactose which makes lactose sugar healthy for consumption. Refined lactose is the purest form of lactose. In terms of purity lactose having less than 1% of ash, for example, refined edible lactose (currently<0.8%), refined edible infant lactose (currently<0.6%), refined pharmaceutical lactose (currently<0.2%).  Refined lactose is obtained from whey or permeate. Refined lactose is produced through the concentration of whey or permeates to saturate the lactose. This oversaturated lactose is then removed, refined, dried and milled to foam the lactose crystals. Refined Lactose is finely milled. This provides great crystalline free-flowing properties for further processing. Refined lactose is produced in ranges of 40, 100, and 200 mesh sizes. This are measured by the milling level, and are suitable for various applications such as, infant formulas, pharmaceutical fermentations, confectionary, and bakery products. Refined lactose is whiter, crystalline, and free-flowing powder. Rapid growth in food and beverage, pharmaceutical and confectionary industry has driven the global refined lactose market. The growth of the dairy market in the U.S. and Western Europe also has contributed to the growth of the global refined lactose market. There is an increase in the number for the food and beverage and pharmaceutical industries demanding refined lactose for their products in China, Japan, and North America region. This has lead China, Japan, and North America to contribute at a high level in the global refined lactose market. The refined lactose market shows intense competition in the market which has forced to adopt competitive pricing by the companies in the market.

Refined lactose is a versatile and valuable ingredient which delivers product value to a variety of applications- food, confectionery, and pharmaceuticals:

In the food industry, refined lactose is used as an energy source, sweetening foods, enhancing flavors, contribution to nutrition and browning in bread. This has led to an increasing demand for refined lactose in the food and beverage industries. Refined lactose has also seen demand in the infant food because of refined lactose used as an essential carbohydrate in infant food. Glucose in refined lactose provides an important source of energy and calories necessary for newborn's growth and development, and galactose contributes to the healthy development of the baby's central nervous system. Due to the physiological and functionality characteristic of refined lactose. It is used in large numbers in the pharmaceutical industry as a carrier of drugs in the production of tablets, capsules, and inhalers. Driving the demand for refined lactose in the pharmaceutical industry. Also, government initiatives in the pharmaceutical industry to use pharmaceutical grade lactose as an excipient has increased the demand for refined lactose in the pharmaceutical industry. The rise in consumer awareness regarding the consumption of refined lactose improves intestinal health and enhances mineral absorption has increased the demand for refined lactose in foods. Rapidly growing population, rising standards of living, easy healthcare accessibility has also contributed to the global refined lactose market demand. However, Lactose intolerant consumers who have driven the introduction of lactose-free products have restraint the growth of the refined lactose market.

Global Refined Lactose: Market Segmentation

On the basis of application, the global refined lactose market has been segmented as-

  • Food
    • Confectionary
    • Bakery Products
    • Convenience food ( Soups, Sauces, Meats, and deserts)
  • Infants formula
  • Powdered mixes
  • Veterinary Products
  • Homeopathic Products
  • Pharmaceuticals fermentation 

On the basis of Lactose concentration, the global refined lactose market has been segmented as-

  • Refine Edible Lactose (99.0% Conc.)
  • Refine Infant edible lactose (99.4% Conc.)
  • Refine pharmaceutical lactose (99.8% Conc.)

Global Refined Lactose Market: Key Players

  • BASF SE
  • Merck KGaA
  • Kerry Inc.
  • MEGGLE Group Wasserburg
  • DFE Pharma
  • ALPAVIT, Bayer AG
  • Abbott Laboratories
  • AstraZeneca PLC
  • Lactalis Ingredients
  • Hilmar Ingredients 

Opportunities for Market Participants

The growing demand for infant formula containing refined lactose in developing countries has created a great expansion opportunity for the market players. Major players are focusing on research and development to reduce the manufacturing cost and develop innovative techniques. In the pharmaceutical industry, refined lactose demand is rising in inhaled drugs, leading to an opportunity for pharmaceutical companies to focus on the development of new inhaled drug therapies. Due to an increase in demand by pharmaceutical manufacturers for refined lactose in developing countries. The foreign players in the refined lactose market are looking for the regional expansion opportunity in developing countries like China, Japan, India, and Indonesia. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Refined Lactose Market

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