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 anticipated growth in the forecast period can be attributed to several key factors, including the increasing prevalence of lactose intolerance, the expansion of the sports nutrition and functional foods markets, a rising adoption of specialized diets, a surge in research and development activities, and the growth of the infant formula market. Major trends expected during this period include a heightened demand for reduced lactose whey products, the expansion of functional foods, innovation in sports nutrition offerings, the diversification of product lines, and the widening of distribution channels to reach a broader consumer base. These trends are likely to drive growth and innovation within the reduced lactose whey market.
The increasing adoption of plant-based diets is set to drive the growth of the reduced-lactose whey market in the coming years. A plant-based diet emphasizes foods derived from plants, such as fruits, vegetables, grains, nuts, seeds, and legumes, while minimizing or excluding animal products. This dietary shift is gaining traction due to rising awareness of environmental sustainability, health benefits, and ethical concerns regarding animal welfare. Reduced lactose whey, a high-quality protein source, is gaining popularity in plant-based diets as it offers a dairy-free option for individuals looking to supplement their protein intake while reducing lactose consumption. For example, in January 2023, the Plant Based Foods Association (PBFA) reported a 6.6% sales growth in plant-based foods in 2022, up from 5.9% in 2021. Notably, plant-based creamer, the third-largest category, witnessed a 24% revenue increase and a 12% rise in sales volume. This surge in plant-based diet adoption is a key driver of the reduced-lactose whey market's expansion.
Leading companies in the reduced lactose whey market are diversifying their product offerings to meet the evolving demands of vegan and plant-based consumers. They are introducing innovative products like animal-free whey protein, derived from whey without animal involvement. Precision fermentation, using genetically engineered microbes like fungi in bioreactors, is utilized to produce this animal-free whey protein. For instance, in June 2022, Strive Nutrition launched a range of milk alternatives fortified with animal-free whey protein, aiming to replicate cow's milk taste and nutrition without the associated health and environmental concerns. Strive FREEMILK, an animal-free whey protein, is lactose-free and free from hormones, antibiotics, and cholesterol. It offers 25% more protein, 75% less sugar, and reduced saturated fat compared to traditional whole cow's milk.
In December 2022, Butterfly Equity LLC completed the acquisition of Milk Specialties Global, a move aimed at expanding its footprint in the food and beverage industry, particularly in processing raw dairy inputs into value-added functional ingredients for nutrition markets. Milk Specialties Global, a US-based producer of whey and milk protein ingredients for health and wellness, complements Butterfly Equity's strategic goals in the nutrition sector.
Major companies operating in the reduced lactose whey market 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.
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. The countries covered in the reduced lactose whey market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Reduced lactose whey is a variant of whey protein that has undergone a process to decrease its lactose content. Whey, the liquid remaining after milk has been curdled and strained, comprises various proteins such as lactoglobulin and lactalbumin, alongside some lactose and other nutrients.
The primary types of reduced lactose whey include organic reduced lactose whey and conventional reduced lactose whey. Organic reduced lactose whey pertains to products derived from organically sourced milk, wherein the lactose content has been minimized. Extraction methods may involve precipitation, filtration, and dialysis, catering to end users across sectors like food and beverages, nutraceuticals, as well as household and retail applications.
The reduced lactose whey market research report is one of a series of new reports that provides reduced lactose whey market statistics, including reduced lactose whey industry global market size, regional shares, competitors with a reduced lactose whey market share, detailed reduced lactose whey market segments, market trends and opportunities, and any further data you may need to thrive in the reduced lactose whey industry. This reduced lactose whey market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The reduced lactose whey market consists of sales of ultrafiltrate whey, microfiltered whey, hydrolyzed whey, and lactose-free whey. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Reduced Lactose Whey Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on reduced lactose whey market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for reduced lactose whey? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The reduced lactose whey market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Organic Reduced Lactose Whey; Conventional Reduced Lactose Whey2) by Extraction: Extraction by Precipitation; Extraction by Filtration; Extraction by Dialysis
3) by End User: Food and Beverages; Nutraceuticals; Household and Retail Use
Key Companies Mentioned: Fonterra Inc.; Land O'Lakes Inc.; Tetra Pak International SA; Dana Foods Inc.; Agropur Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 14.33 Billion |
Forecasted Market Value ( USD | $ 21.77 Billion |
Compound Annual Growth Rate | 11.0% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |