South America Lactose Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of South America Lactose Market
The South America Lactose Market size was valued at USD 80.8 million in 2022. The market is projected to grow from USD 62.7 million in 2023 to USD 121.6 million by 2030, exhibiting a CAGR of 9.9% during the forecast period of 2024-2032.
The South American lactose market has been significantly impacted by means of COVID-19. During the pandemic, disruptions inside the dairy deliver chain, logistical challenges, and lockdown restrictions slowed production and distribution. Additionally, decreased purchaser spending on non-important merchandise affected the call for for positive lactose-based totally ingredients, even though pharmaceutical programs remained solid due to lactose’s use in drug treatments and supplements
A exceptional fashion within the marketplace is the growing use of lactose in toddler formula and pharmaceutical sectors. The growing recognition of lactose as an crucial aspect in little one nutrients is riding investments from producers to meet growing call for. At the same time, pharmaceutical applications, together with its use in inhalation remedies, keep to extend
One of the primary driving elements is the growing population and urbanization throughout South America, that's increasing the demand for dairy-based products, including infant formula. Additionally, rising health awareness among clients is encouraging the usage of lactose in purposeful ingredients and supplements
Comprehensive Analysis of South America Lactose Market
The South America Lactose Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by application, by colour, by purity. By Application include Food, Feed, Pharmaceuticals, Infant Formula .By Color include Yellow, Pale-Yellow to White, White. By Purity include Crude, Edible, Refined Edible.
The Argentina location lead the South America Lactose Market share percentage via benefitting a marketplace size of USD 35.0 million The factors contributing to its highest share are the constantly growing demand for lactose from infant formula manufacturers and its increasing application in the food industry.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
October 2023: Arla Foods Ingredients planned to enlarge its production skills of protein and toddler system merchandise in Argentina. The investment become majorly aimed at meeting the developing demand for little one formula merchandise in the place.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2024
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 9.9% from 2023-2030
Unit Value (USD Million)
Segmentation By Application
Food
Feed
Pharmaceuticals
Infant Formula
Dry-Blend
Wet-Blend
By Color
Yellow
Pale-Yellow to White
White
By Purity
Crude
Edible
Refined Edible
By Country/ Sub-region
Brazil
Argentina
Rest of South America
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Pricing Analysis, By Key Countries/Sub-Region, 2022
- 4.2. Price Comparison: By Purity, 2022
- 4.3. Price Comparison: By Color, 2019-2022
- 4.4. Price Comparison: By Application, 2019-2022
- 4.5. Key Industry Developments
- 4.6. Impact of COVID-19 on the Lactose Market
- 5. South America Lactose Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Market Analysis, Insights and Forecast – By Application
- 5.1.1. Food
- 5.1.2. Feed
- 5.1.3. Pharmaceuticals
- 5.1.4. Infant Formula
- 5.1.4.1. Dry-Blend
- 5.1.4.2. Wet-Blend
- 5.2. Market Analysis, Insights and Forecast – By Color
- 5.2.1. Yellow
- 5.2.2. Pale-yellow to White
- 5.2.3. White
- 5.3. Market Analysis, Insights and Forecast – By Purity
- 5.3.1. Crude
- 5.3.2. Edible
- 5.3.3. Refined Edible
- 5.4. Market Analysis, Insights and Forecast – By Country/Sub-Region
- 5.4.1. Argentina
- 5.4.2. Brazil
- 5.4.3. Rest of South America
- 6. Brazil Lactose Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Application
- 6.1.1. Food
- 6.1.2. Feed
- 6.1.3. Pharmaceuticals
- 6.1.4. Infant Formula
- 6.1.4.1. Dry-Blend
- 6.1.4.2. Wet-Blend
- 6.2. Market Analysis, Insights and Forecast – By Color
- 6.2.1. Yellow
- 6.2.2. Pale-yellow to White
- 6.2.3. White
- 6.3. Market Analysis, Insights and Forecast – By Purity
- 6.3.1. Crude
- 6.3.2. Edible
- 6.3.3. Refined Edible
- 7. Competitive Analysis
- 7.1. South America Market Share Analysis (2022)
- 7.2. Profiles of Players Operating in the Market
- 7.2.1. FrieslandCampina Ingredients
- 7.2.1.1. Overview
- 7.2.1.2. Products
- 7.2.1.3. SWOT Analysis
- 7.2.1.4. Recent Developments
- 7.2.1.5. Strategies
- 7.2.1.6. financials (based on availability)
- 7.2.2. DFE Pharma
- 7.2.2.1. Overview
- 7.2.2.2. Products
- 7.2.2.3. SWOT Analysis
- 7.2.2.4. Recent Developments
- 7.2.2.5. Strategies
- 7.2.2.6. financials (based on availability)
- 7.2.3. Arla Foods Ingredients P/S (Arla Foods)
- 7.2.3.1. Overview
- 7.2.3.2. Products
- 7.2.3.3. SWOT Analysis
- 7.2.3.4. Recent Developments
- 7.2.3.5. Strategies
- 7.2.3.6. financials (based on availability)
- 7.2.4. MEGGLE GmbH & Co. KG
- 7.2.4.1. Overview
- 7.2.4.2. Products
- 7.2.4.3. SWOT Analysis
- 7.2.4.4. Recent Developments
- 7.2.4.5. Strategies
- 7.2.4.6. financials (based on availability)
- 7.2.5. Kerry Group plc
- 7.2.5.1. Overview
- 7.2.5.2. Products
- 7.2.5.3. SWOT Analysis
- 7.2.5.4. Recent Developments
- 7.2.5.5. Strategies
- 7.2.5.6. financials (based on availability)
- 7.2.6. Glanbia PLC
- 7.2.6.1. Overview
- 7.2.6.2. Products
- 7.2.6.3. SWOT Analysis
- 7.2.6.4. Recent Developments
- 7.2.6.5. Strategies
- 7.2.6.6. financials (based on availability)
- 7.2.7. Lactalis International (Lactalis Group)
- 7.2.7.1. Overview
- 7.2.7.2. Products
- 7.2.7.3. SWOT Analysis
- 7.2.7.4. Recent Developments
- 7.2.7.5. Strategies
- 7.2.7.6. financials (based on availability)
- 7.2.8. Fonterra Co-operative Group Limited
- 7.2.8.1. Overview
- 7.2.8.2. Products
- 7.2.8.3. SWOT Analysis
- 7.2.8.4. Recent Developments
- 7.2.8.5. Strategies
- 7.2.8.6. financials (based on availability)
- 7.2.9. Other Prominent Players
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