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Lactose Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 149 pages | ID: L71F5DBCEB0EN
IMARC Group

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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
Nestlй 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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL LACTOSE POWDER INDUSTRY

5.1Market Overview
5.2Market Performance
  5.2.1Volume Trends
  5.2.2Value Trends
5.3Impact of COVID-19
5.4Price Analysis
  5.4.1Key Price Indicators
  5.4.2Price Structure
  5.4.3Price Trends
5.5Market Breakup by Region
5.6 Market Breakup by Application
5.7Market Forecast
5.8SWOT Analysis
  5.8.1Overview
  5.8.2Strengths
  5.8.3Weaknesses
  5.8.4Opportunities
  5.8.5Threats
5.9Value Chain Analysis
  5.9.1Raw Material Procurement
  5.9.2Manufacturing
  5.9.3Marketing
  5.9.4Distribution
  5.9.5Export
  5.9.6End-Use
5.10Porter’s Five Forces Analysis
  5.10.1Overview
  5.10.2Bargaining Power of Buyers
  5.10.3Bargaining Power of Suppliers
  5.10.4Degree of Competition
  5.10.5Threat of New Entrants
  5.10.6Threat of Substitutes
5.11Key Success Factors and Risk Factors

6MARKET BREAKUP BY REGION

6.1North America
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Europe
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Oceania
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Asia
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Latin America
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6Middle East and Africa
  6.6.1 Market Trends
  6.6.2 Market Forecast

7MARKET BREAKUP BY APPLICATION

7.1Food Industry
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Diet & Sports Nutrition Industry
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Pharmaceutical Industry
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8COMPETITIVE LANDSCAPE

8.1Market Structure
8.2Key Players

9LACTOSE POWDER MANUFACTURING PROCESS

9.1Product Overview
9.2Detailed Process Flow
9.3Various Types of Unit Operations Involved
9.4Mass Balance and Raw Material Requirements

10 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED

10.1Land Requirements and Expenditures
10.2Construction Requirements and Expenditures
10.3Plant Machinery
10.4Machinery Pictures
10.5Raw Material Requirements and Expenditures
10.6Raw Material and Final Product Pictures
10.7Packaging Requirements and Expenditures
10.8Transportation Requirements and Expenditures
10.9Utility Requirements and Expenditures
10.10Manpower Requirements and Expenditures
10.11Other Capital Investments

11 LOANS AND FINANCIAL ASSISTANCE

12 PROJECT ECONOMICS

12.1Capital Cost of the Project
12.2Techno-Economic Parameters
12.3Product Pricing and Margins Across Various Levels of the Supply Chain
12.4Taxation and Depreciation
12.5Income Projections
12.6Expenditure Projections
12.7Financial Analysis
12.8Profit Analysis

13 KEY PLAYER PROFILES

13.1Lactalis International
13.2Nestlй SA
13.3Fonterra Co-operative Group Limited
13.4Dairy Farmers of America Inc.
13.5Land O’Lakes, Inc.
13.6MEGGLE GmbH & Co. KG

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$)

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 %)


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