Global Reduced lactose whey demand is anticipated to be valued at USD 11.07 Billion in 2022, forecast to grow at a CAGR of 7.5% to be valued at USD 22.82 Billion from 2022 to 2032. Reduced lactose whey is whey powder with less lactose concentration, typically less than 60%. The lactose in the sweet whey liquid is filtered out to make the reduced lactose whey. Precipitation, filtration, or dialysis are used to remove the lactose.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 10.3 Billion |
| Expected Market Value (2022) | USD 11.07 Billion |
| Anticipated Forecast Value (2032) | USD 22.82 Billion |
| Projected Growth Rate (2022 to 2032) | 7.5% CAGR |
The filtered liquid is then spray dried to produce reduced lactose whey powder. It is primarily used to replace whey when low lactose and higher protein content are required.
Organic and conventional reduced lactose whey are both available on the market. Reduced lactose whey has a wide range of applications in the food and beverage industries. It is used as a cost-effective source of dairy solids.
Reduced lactose whey is used in dairy, food processing, meat processing, infant food, and a variety of other F&B industries. It is also used as a protein source in nutraceuticals.
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The production of reduced lactose whey is in its early stages, with only a small number of companies producing it. The use of reduced lactose whey in the food industry is increasing because the product is economically viable and also because the lactose content is very low, making it suitable for use in any type of food product, not just dairy products.
Furthermore, the processing of the reduced lactose whey incurs no additional costs, and the lactose is removed using a physical separation technique. As a result, cheese manufacturing companies can produce reduced lactose whey powder at very low production costs, which is in high demand in end-use industries.
The global demand for plant proteins is being driven by rising product demand as consumers become more aware of the importance of eating a healthy diet and leading an active lifestyle. Furthermore, rising innovations in the manufacturing of proteins that contain a diverse range of amino acids and perform specific functions such as energy balance, weight loss, muscle repair, and satiety by various manufacturers are creating a massive market opportunity for plant proteins. As a result, it directly substitutes animal protein products, slowing the growth of the reduced lactose whey market.
Rising consumer concerns about daily protein intake and rising health awareness are expected to drive demand for reduced lactose whey powders in North America. The convenience and ease of use of reduced lactose whey powders for making protein shakes or blending them with a variety of food products to meet changing consumer tastes and preferences are expected to drive product demand in North America.
The Europe market is expected to grow moderately over the forecast period due to factors such as rising emphasis on healthy living, an increasing trend of preventive health care, and rising demand for reduced lactose whey from the United Kingdom, Germany, and France.
The increased use of protein products in synthetic and naturally derived personal care products is expected to have a positive impact on its market in the coming years. Furthermore, the country's growing number of food processing industries has resulted in large imports of animal proteins, particularly whey protein, in recent years. The trend is expected to continue over the forecast period.
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Due to increased exports and domestic demand for dairy-based protein ingredients such as casein and whey, Asia Pacific is expected to grow the fastest. The rising geriatric population and constantly changing climate conditions in emerging countries such as India have raised concerns about skin problems, which are expected to drive personal care product demand and likely augment market growth in the Asia Pacific over the forecast period.
Because of its health benefits, reduced lactose whey is increasingly being used in a variety of food and beverage applications such as dairy, bakery, energy drinks, and confectionery products. Food additives, consumer food, nutraceutical supplements, animal feed, alcoholic drinks, aerated drinks, non-alcoholic drinks, and juices or health drinks are all part of the food industry. As a result of their various properties of reduced lactose whey, such as their ability to act as a stabilizing agent, flavor enhancer, and emulsifying salt, the food, and beverage sector is expected to drive market demand over the forecast period.
Wapsie Valley Creamery, Inc., Hilmar Cheese Company, Inc., MCT Dairies Inc., G&R Foods Inc., HoogwegtGroep B.V., Grande Cheese Company, Agropur Inc., Graham Chemical Corporation, Fonterra Inc., Interfood Inc., Leprino Foods Company, Dana Foods Inc., and AMCO Proteins are some of the leading players in the global reduced lactose whey market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2022 to 2032 |
| Market Value in 2022 | USD 11.07 Billion |
| Market Value in 2032 | USD 22.82 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Nature, Extraction, End Use, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, BENELUX, China, Japan, South Korea, GCC, South Africa, Turkey |
| Key Companies Profiled | Wapsie Valley Creamery; Hilmar Cheese Company Inc.; MCT Dairies Inc.; G&R Foods Inc.; HoogwegtGroep B.V.; Grande Cheese Company; Agropur Inc.; Graham Chemical Corporation; Fonterra Inc.; Interfood Inc.; Leprino Foods Company,; Dana Foods Inc.; AMCO Proteins |
| Customization | Available Upon Request |
FMI projects the global reduced lactose whey market to expand at a 7.5% value CAGR by 2032
North America is expected to be the most opportunistic reduced lactose whey market.
Wapsie Valley Creamery, Inc., Hilmar Cheese Company, Inc., MCT Dairies Inc., G&R Foods Inc., HoogwegtGroep B.V., Grande Cheese Company, Agropur Inc., Graham Chemical Corporation, Fonterra Inc., Interfood Inc., Leprino Foods Company, Dana Foods Inc., and AMCO Proteins are some prominent reduced lactose whey manufacturers.
| Market Size (2024E) | USD 13,874.30 million |
|---|---|
| Market Valuation (2034F) | USD 23,983.50 million |
| Value-based CAGR (2024 to 2034) | 5.6% |
| Market Size (2023E) | USD 13.5 billion |
|---|---|
| Market Projected Size (2033F) | USD 23.9 billion |
| Value CAGR (2023 to 2033) | 5% |
| Estimated Global Market Share in 2023 | USD 311 million |
|---|---|
| Forecasted Global Market Size by 2033 | USD 603 million |
| Projected Market CAGR (2023 to 2033) | 7% |
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