Lactose Powder Market to grow significantly, worldwide during the forecast period
Lactose is extracted from milk serum and its extraction is done through two distinct methods. Moreover, it is used to enhance the flavour, texture and colour of your tablet and is generally unreactive. Commercial lactose is obtained from the cow's milk as a by-product of the dairy industry. Additionally, lactose is the disaccharide of the simple sugars D-galactose and D-glucose. In simple words, the lactose molecule comprises one molecule of D-galactose chemically linked to one molecule of D-glucose. Lactose exists in two state forms, known as alpha and beta (designated a-lactose and b-lactose).
Lactose is an important calorific agent, it helps to maintain a balance in minerals like calcium, phosphorus and magnesium. Moreover, it may supply energy to the body and is essential for bone growth.
Lactose is widely used as a major source of carbohydrates used in the manufacturing of infant formula. Increase in consumption of dairy products and substitute for liquid milk in making various bakery products are the key driving factors of this market. Additionally, the rising demand of the dairy ingredients around the globe and increased shelf life will likely fuel the demand of the market in the coming years.
North America holds the largest market share whereas, the Asia Pacific is estimated to witness a higher growth rate
North America has the largest market potential followed by Europe and the Asia Pacific. The growth potential in the North America region can be attributed to the flourishing food and beverage industry. However, Asia Pacific is projected to witness the highest growth rate owing to an increase in the disposable income, along with a constant increase in the toddler and infant population, are anticipated to benefit the global lactose powder market.
The global market is majorly segmented into food & beverages, and pharmaceutical industry. Moreover, it has several applications in the food industry such as chocolate, confectionery, dairy & soft drinks, and diet & sports nutrition. The flourishing food and beverage industry present the largest market share with highest growth-factor inducing for the lactose powd er market. The growth can be attributed to increasing use in the manufacturing of food such as confectionery/chocolate manufacturing, bakery, pastry, Charcuterie / Meat salting industry, and baby food.