Lactose, extracted from whey solution, encountered price shifts tied to milk costs and consumer needs in the first half of 2023. The American market saw substantial declines driven by waning demand due to growing veganism and lactose intolerance, amplified by high inventories, leading to an adverse market outlook.
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Definition
Lactose is a natural disaccharide sugar found in milk and dairy products. Comprising glucose and galactose molecules, it provides a source of energy. Enzymes in the body, like lactase, break down lactose for digestion. Some individuals may experience lactose intolerance, characterized by an inability to fully digest lactose, leading to digestive discomfort.
Key Details About the Lactose Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Lactose in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Lactose Price chart, including India Lactose price, USA lactose price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Lactose Price Trend:
Lactose has diverse industrial applications. In the pharmaceutical sector, it serves as a binder and filler in tablet formulations. It’s a vital component in the food industry for enhancing flavor and texture, especially in baked goods and dairy products. Additionally, lactose is utilized in the production of lactose-free and low-lactose products for consumers with lactose intolerance.
Key Players:
- Nestlé SA
- Fonterra Co-operative Group Limited
- Dairy Farmers of America Inc.
- Lactalis International
- Land O’Lakes, Inc
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