Overview and Scope
Reduced lactose whey is a type of whey protein that has undergone a process to reduce its lactose content. Whey is the liquid remaining after milk has been curdled and strained, and it contains various proteins, including lactoglobulin and lactalbumin, along with some lactose and other nutrients.
Sizing and Forecast
The reduced lactose whey market size has grown rapidly in recent years. It will grow from $12.92 billion in 2023 to $14.33 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to growing awareness of lactose intolerance, rising prevalence of lactose intolerance, increased availability of reduced lactose, government regulations mandating lactose labeling, expansion of the dairy industry.
The reduced lactose whey market size is expected to see grown rapidly in the next few years. It will grow to $21.77 billion in 2028 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to increasing prevalence of lactose intolerance, expansion of the sports nutrition and functional foods markets, rising adoption of specialized diets, surge in research and development activities, growth of the infant formula market. Major trends in the forecast period include rising demand for reduced lactose whey products, expansion of functional foods, innovation in sports nutrition, diversification of product offerings, expansion of distribution channels.
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Segmentation & Regional Insights
The reduced lactose whey market covered in this report is segmented –
1) By Type: Organic Reduced Lactose Whey, Conventional Reduced Lactose Whey
2) By Extraction: Extraction By Precipitation, Extraction By Filtration, Extraction By Dialysis
3) By End User: Food And Beverages, Nutraceuticals, Household And Retail Use
Europe was the largest region in the reduced lactose whey market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the reduced lactose whey market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing popularity of plant-based diets is expected to propel the growth of the reduced-lactose whey market going forward. A plant-based diet typically refers to a dietary pattern that emphasizes foods derived from plants, such as fruits, vegetables, grains, nuts, seeds, and legumes, while minimizing or excluding animal products. The increasing popularity of plant-based diets is growing due to awareness of environmental sustainability, health benefits, and ethical considerations regarding animal welfare. Reduced lactose whey is incorporated into plant-based diets as a source of high-quality protein, providing a dairy-free option for individuals seeking to supplement their plant-based eating with additional protein while minimizing lactose intake. For instance, in January 2023, according to the Plant Based Foods Association (PBFA), a US-based trade association representing the interests of plant-based food companies, plant-based foods saw a sales growth of 6.6% in 2022, marking an increase from 5.9% in 2021. Moreover, plant-based creamer, the third-largest category after milk and meat, saw a 24% rise in revenue and a 12% increase in sales volume. Therefore, the growing popularity of plant-based diets is driving the growth of the reduced-lactose whey market.
Key Industry Players
Major companies operating in the reduced lactose whey market report are Fonterra Inc.; Land O’Lakes Inc.; Tetra Pak International SA; Dana Foods Inc.; Agropur Inc.; Glanbia plc; Leprino Foods Company; Organic Valley; Hilmar Cheese Company Inc.; Carbery Group; Volac International Limited; Westland Co-operative Dairy Company Limited ; Graham Chemical Corporation; Davisco Foods International Inc.; Interfood Inc.; Redwood Hill Farm; MCT Dairies Inc. ; Idaho Milk Products Inc.; Wapsie Valley Creamery Inc.; Erie Foods International Inc.; Grande Cheese Company; AMCO Proteins Company; Wheyco GmbH; Agri Dairy Products Inc.
The reduced lactose whey market report table of contents includes:
1. Executive Summary
2. Reduced Lactose Whey Market Characteristics
3. Reduced Lactose Whey Market Trends And Strategies
4. Reduced Lactose Whey Market – Macro Economic Scenario
5. Global Reduced Lactose Whey Market Size and Growth
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32. Global Reduced Lactose Whey Market Competitive Benchmarking
33. Global Reduced Lactose Whey Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Reduced Lactose Whey Market
35. Reduced Lactose Whey Market Future Outlook and Potential Analysis
36. Appendix
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