Led by sustained demand from end-use industries such as food, beverages, confectionery, pharmaceuticals and animal feed, the global lactose market is forecast to reach $1.4 billion by 2015. The utilization of lactose as a source of cost-efficient, low-glycemic index carbohydrate is expected to gain prominence in the coming years.
Lactose is produced from whey, a by-product of the cheese-making process, which is used extensively in pharmaceuticals, food & beverages, confectionery and animal feed applications. Edible grade lactose is used in fine chemical applications, production of infant formulae, confectionery and food products. Global lactose market witnessed a dip in sales during the period 2008-2009 amid high prices and reduced demand. The significant increase in prices led food manufacturers to opt for cheaper food ingredients. Growth in the food market is also affected by the rising demand for lactose-free foods from lactose intolerant groups.
The United States, Japan, and Asia-Pacific collectively account for a major share of the global lactose market, as stated by the new market research report on lactose. In addition to the growing demand for various end-use sectors, lactose ingredients are also likely to witness increased demand due to growing use in health segments such as pharmaceuticals and nutrition. Further, the emergence of new applications for lactose derivatives such as lactitol, galactooligosaccharides and lactulose also offers potential growth opportunities for the lactose market. Sialyllactose and LBA are among newly emerging lactose derivatives and are expected to develop into commercial products in the future.
Inhalation-grade lactose, which accounts for a minor share of the pharmaceutical lactose market, is expected to receive a boost as pharmaceutical companies focus on the development of new inhaled drug delivery therapies. Current research and development activities at several leading drug companies include products that are based on inhalation drug delivery rather than conventional forms such as tablets or injection. The breakthrough technology facilitates accurate and controlled release of dosage and expands the range of available active ingredients.
Lactose is used in a number of confectionery products such as chocolate. Lactose and its derivatives represent essential whey-based functional ingredients, and constitute an excellent cost-effective alternative for minerals, lactose, protein and vitamins. Use of lactose in feed products has declined as a share of overall use. Feed uses of lactose (in certain forms) include poultry feed, swine starter diet, aquafeed, calf milk replacers, dry whey products in cattle feed and pet food.
Major players profiled in the report include Bayerische Milchindustrie eG, Davisco Foods International Inc., DMV International Pharma, Fonterra Co-Operative Group Ltd, FrieslandCampina, Glanbia Foods Inc., Hilmar Ingredients, Leprino Foods, Molkerei MEGGLE Wasserburg GmbH & Co. KG, and Saputo Inc.
The research report titled “Lactose: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the years 2007 through 2015, and 2000 to 2006 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key end-use markets analyzed include Pharmaceuticals, Food, Confectionery, and Others.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Lactose_Market_Report.asp