Lactose Market Size

Lactose Market size was valued at USD 2.31 billion in 2024 and is likely to cross USD 5.75 billion by the end of 2037, registering more than 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of lactose is estimated at USD 2.44 billion. The growth of the market is primarily attributed to the significantly rising demand of lactose on a worldwide level in various industries. For instance, as of 2022, lactose demand has increased significantly over the last decade, and the lactose industry has developed accordingly, particularly in the United States and Europe. The global production is estimated to be around 510 000 tons, with an upward trend continuing. Besides this, the significant growth in pharmaceutical industry is another major factor which id driving the growth of the lactose market over the projected time frame.

Lactose is one of the significant ingredients in the production of infant formula. Thus, the rising demand for infant formula around the world is a significant driver of the growth of lactose market over the forecast period. For instance, in the United States, nearly 8.30 million individual used liquid or powdered infant formula in 2020. Furthermore, the increase in R&D efforts and new product releases by the major competitors, as well as the growth in health awareness among consumers, are projected to provide new opportunities for the lactose market throughout the forecast period.