PUBLISHER: IMARC | PRODUCT CODE: 1347398
PUBLISHER: IMARC | PRODUCT CODE: 1347398
Lactose Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The global lactose powder market size reached 927 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 1,126 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
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 report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
Food Industry
Diet and Sports Nutrition Industry
Pharmaceutical Industry
Others
At present, the food industry accounts for the majority of the total market share.
Regional Insights:
North America
Europe
Oceania
Asia
Latin America
Middle East and Africa
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.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the global lactose powder market:
Lactalis International
Nestle SA
Fonterra Co-operative Group Limited
Dairy Farmers of America Inc.
Land O'Lakes, Inc.
MEGGLE GmbH & Co. KG
Key Questions Answered in This Report:
- How has the global lactose powder market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global lactose powder industry?
- What has been the impact of COVID-19 on the global lactose powder industry?
- What are the major application segments in the global lactose powder industry?
- What are the price trends of lactose powder?
- What are the various stages in the value chain of the global lactose powder industry?
- What are the key driving factors and challenges in the global lactose powder industry?
- What is the structure of the global lactose powder industry and who are the key players?
- What is the degree of competition in the global lactose powder industry?
- What are the profit margins in the global lactose powder industry?
- What are the key requirements for setting up a lactose powder manufacturing plant?
- How is lactose powder manufactured?
- What are the various unit operations involved in a lactose powder manufacturing plant?
- What is the total size of land required for setting up a lactose powder manufacturing plant?
- What are the machinery requirements for setting up a lactose powder manufacturing plant?
- What are the raw material requirements for setting up a lactose powder manufacturing plant?
- What are the packaging requirements for lactose powder?
- What are the transportation requirements for lactose powder?
- What are the utility requirements for setting up a lactose powder manufacturing plant?
- What are the manpower requirements for setting up a lactose powder manufacturing plant?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lactose Powder Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Price Analysis
- 5.4.1 Key Price Indicators
- 5.4.2 Price Structure
- 5.4.3 Price Trends
- 5.5 Market Breakup by Region
- 5.6 Market Breakup by Application
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Raw Material Procurement
- 5.9.2 Manufacturing
- 5.9.3 Marketing
- 5.9.4 Distribution
- 5.9.5 Export
- 5.9.6 End-Use
- 5.10 Porter's Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
- 5.11 Key Success Factors and Risk Factors
6 Market Breakup by Region
- 6.1 North America
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Europe
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Oceania
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Asia
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Latin America
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Middle East and Africa
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Application
- 7.1 Food Industry
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Diet & Sports Nutrition Industry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Pharmaceutical Industry
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Competitive Landscape
- 8.1 Market Structure
- 8.2 Key Players
9 Lactose Powder Manufacturing Process
- 9.1 Product Overview
- 9.2 Detailed Process Flow
- 9.3 Various Types of Unit Operations Involved
- 9.4 Mass Balance and Raw Material Requirements
10 Project Details, Requirements and Costs Involved
- 10.1 Land Requirements and Expenditures
- 10.2 Construction Requirements and Expenditures
- 10.3 Plant Machinery
- 10.4 Machinery Pictures
- 10.5 Raw Material Requirements and Expenditures
- 10.6 Raw Material and Final Product Pictures
- 10.7 Packaging Requirements and Expenditures
- 10.8 Transportation Requirements and Expenditures
- 10.9 Utility Requirements and Expenditures
- 10.10 Manpower Requirements and Expenditures
- 10.11 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
- 12.1 Capital Cost of the Project
- 12.2 Techno-Economic Parameters
- 12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 12.4 Taxation and Depreciation
- 12.5 Income Projections
- 12.6 Expenditure Projections
- 12.7 Financial Analysis
- 12.8 Profit Analysis
13 Key Player Profiles
- 13.1 Lactalis International
- 13.2 Nestle SA
- 13.3 Fonterra Co-operative Group Limited
- 13.4 Dairy Farmers of America Inc.
- 13.5 Land O'Lakes, Inc.
- 13.6 MEGGLE GmbH & Co. KG
List of Figures
- Figure 1: Global: Lactose Powder Market: Major Drivers and Challenges
- Figure 2: Global: Lactose Powder Market: Volume Trends (in '000 Tons), 2017-2022
- Figure 3: Global: Lactose Powder Market: Value Trends (in Billion US$), 2017-2022
- Figure 4: Lactose Powder Market: Price Structure (US$/Ton)
- Figure 5: Global: Lactose Powder Market: Average Prices (in US$/Ton), 2017-2022
- Figure 6: Global: Lactose Powder Market Forecast: Average Prices (in US$/Ton), 2023-2028
- Figure 7: Global: Lactose Powder Market: Breakup by Region (in %), 2022
- Figure 8: Global: Lactose Powder Market: Breakup by Application (in %), 2022
- Figure 9: Global: Lactose Powder Market Forecast: Volume Trends (in '000 Tons), 2023-2028
- Figure 10: Global: Lactose Powder Market Forecast: Value Trends (in Billion US$), 2023-2028
- Figure 11: Global: Lactose Powder Industry: SWOT Analysis
- Figure 12: Global: Lactose Powder Industry: Value Chain Analysis
- Figure 13: Global: Lactose Powder Industry: Porter's Five Forces Analysis
- Figure 14: North America: Lactose Powder Market (in Metric Tons), 2017 & 2022
- Figure 15: North America: Lactose Powder Market Forecast (in Metric Tons), 2023-2028
- Figure 16: Europe: Lactose Powder Market (in Metric Tons), 2017 & 2022
- Figure 17: Europe: Lactose Powder Market Forecast (in Metric Tons), 2023-2028
- Figure 18: Oceania: Lactose Powder Market (in Metric Tons), 2017 & 2022
- Figure 19: Oceania: Lactose Powder Market Forecast (in Metric Tons), 2023-2028
- Figure 20: Asia: Lactose Powder Market (in Metric Tons), 2017 & 2022
- Figure 21: Asia: Lactose Powder Market Forecast (in Metric Tons), 2023-2028
- Figure 22: Latin America: Lactose Powder Market (in Metric Tons), 2017 & 2022
- Figure 23: Latin America: Lactose Powder Market Forecast (in Metric Tons), 2023-2028
- Figure 24: Middle East and Africa: Lactose Powder Market (in Metric Tons), 2017 & 2022
- Figure 25: Middle East and Africa: Lactose Powder Market Forecast (in Metric Tons), 2023-2028
- Figure 26: Global: Lactose Powder Market (Food Industry): Volume Trends (in Metric Tons), 2017 & 2022
- Figure 27: Global: Lactose Powder Market Forecast (Food Industry): Volume Trends (in Metric Tons), 2023-2028
- Figure 28: Global: Lactose Powder Market (Diet & Sports Nutrition Industry): Volume Trends (in Metric Tons), 2017 & 2022
- Figure 29: Global: Lactose Powder Market Forecast (Diet & Sports Nutrition Industry): Volume Trends (in Metric Tons), 2023-2028
- Figure 30: Global: Lactose Powder Market (Pharmaceutical Industry): Volume Trends (in Metric Tons), 2017 & 2022
- Figure 31: Global: Lactose Powder Market Forecast (Pharmaceutical Industry): Volume Trends (in Metric Tons), 2023-2028
- Figure 32: Global: Lactose Powder Market (Other Applications): Volume Trends (in Metric Tons), 2017 & 2022
- Figure 33: Global: Lactose Powder Market Forecast (Other Applications): Volume Trends (in Metric Tons), 2023-2028
- Figure 34: Lactose Powder Manufacturing Plant: Detailed Process Flow
- Figure 35: Lactose Powder Manufacturing Process: Conversion Rate of Feedstocks
- Figure 36: Lactose Powder Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 37: Lactose Powder Industry: Profit Margins at Various Levels of the Supply Chain
- Figure 38: Lactose Powder Production: Manufacturing Cost Breakup (in %)
List of Tables
- Table 1: Global: Lactose Powder Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Lactose Powder Market Forecast: Breakup by Region (in Metric Tons), 2023-2028
- Table 3: Global: Lactose Powder Market Forecast: Breakup by Application (in Metric Tons), 2023-2028
- Table 4: Global: Lactose Powder Market: Competitive Structure
- Table 5: Global: Overview of Top Lactose Powder Manufacturers
- Table 6: Typical Composition of Lactose Powder
- Table 7: Lactose Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 8: Lactose Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 9: Lactose Powder Manufacturing Plant: Costs Related to Machinery (in US$)
- Table 10: Lactose Powder Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
- Table 11: Lactose Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 12: Lactose Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 13: Details of Financial Assistance Offered by Financial Institutions
- Table 14: Lactose Powder Manufacturing Plant: Capital Costs (in US$)
- Table 15: Lactose Powder Manufacturing Plant: Techno-Economic Parameters
- Table 16: Lactose Powder Manufacturing Plant: Taxation and Depreciation (in US$)
- Table 17: Lactose Powder Manufacturing Plant: Income Projections (in US$)
- Table 18: Lactose Powder Manufacturing Plant: Expenditure Projections (in US$)
- Table 19: Lactose Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
- Table 20: Lactose Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
- Table 21: Lactose Powder Manufacturing Plant: Profit and Loss Account (in US$)
