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 makeslactose sugar healthy for consumption. Refined lactose is the purest form oflactose. 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 producedthrough the concentration of whey or permeates to saturate the lactose. Thisoversaturated lactose is then removed, refined, dried and milled to foam thelactose crystals. Refined Lactose is finely milled. This provides greatcrystalline free-flowing properties for further processing. Refined lactose isproduced in ranges of 40, 100, and 200 mesh sizes. This are measured by themilling level, and are suitable for various applications such as, infantformulas, pharmaceutical fermentations, confectionary, and bakery products.Refined lactose is whiter, crystalline, and free-flowing powder. Rapid growthin food and beverage, pharmaceutical and confectionary industry has driven theglobal refined lactose market. The growth of the dairy market in the U.S. andWestern Europe also has contributed to the growth of the global refined lactosemarket. There is an increase in the number for the food and beverage andpharmaceutical industries demanding refined lactose for their products inChina, Japan, and North America region. This has lead China, Japan, and NorthAmerica to contribute at a high level in the global refinedlactose market. The refined lactose market shows intense competition inthe market which has forced to adopt competitive pricing by the companies inthe market.
Refined lactose is aversatile and valuable ingredient which delivers product value to a variety ofapplications- food, confectionery, and pharmaceuticals:
In the food industry, refined lactose is used as an energysource, sweetening foods, enhancing flavors, contribution to nutrition andbrowning in bread. This has led to an increasing demand for refined lactose inthe food and beverage industries. Refined lactose has also seen demand in theinfant food because of refined lactose used as an essential carbohydrate ininfant food. Glucose in refined lactose provides an important source of energyand calories necessary for newborn's growth and development, and galactosecontributes 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 ofdrugs in the production of tablets, capsules, and inhalers. Driving the demandfor refined lactose in the pharmaceutical industry. Also, governmentinitiatives in the pharmaceutical industry to use pharmaceutical grade lactoseas an excipient has increased the demand for refined lactose in thepharmaceutical industry. The rise in consumer awareness regarding theconsumption of refined lactose improves intestinal health and enhances mineralabsorption has increased the demand for refined lactose in foods. Rapidlygrowing population, rising standards of living, easy healthcare accessibilityhas also contributed to the global refined lactose market demand. However,Lactose intolerant consumers who have driven the introduction of lactose-freeproducts have restraint the growth of the refined lactose market.
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Opportunities for Market Participants
The growing demand for infant formula containing refined lactosein developing countries has created a great expansion opportunity for themarket players. Major players are focusing on research and development toreduce the manufacturing cost and develop innovative techniques. In thepharmaceutical industry, refined lactose demand is rising in inhaled drugs, leadingto an opportunity for pharmaceutical companies to focus on the development ofnew inhaled drug therapies. Due to an increase in demand by pharmaceuticalmanufacturers for refined lactose in developing countries. The foreign playersin the refined lactose market are looking for the regional expansionopportunity in developing countries like China, Japan, India, andIndonesia.
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