Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

Headlines > Market Trends

News in brief

Confectioners demand drives lactose market growth - report

10-Apr-2012

Demand from confectioners could see the lactose market reach US$1.47bn (€1.12bn) by 2017, according to a new report.

The Lactose: A Global Strategic Business Report said the need for the ingredient as a source of low-glycemic index carbohydrate is expected to drive rapid growth and development.

The US represents the single most important market, with Asia-Pacific backed by rising demand from India, China, New Zealand and Korea, forecast to have the largest compounded annual growth rate (CAGR) of 3.8% through 2017.

The report said that lactose faces competition from functional corn-based sweetener and fillers in the prepared foods, sweet bakery, and salty snacks categories and lactose-free foods as consumer awareness of milk allergies and lactose intolerance increases.

Davisco Foods International, FrieslandCampina, Glanbia Foods., Hilmar Ingredients and Leprino Foods feature in the report.

On demand Supplier Webinars

Colouring Foods: Market trends and technical challenges
DIANA, FOOD DIVISION
All supplier webinars