Get the latest insights on price movement and trends analysis of Lactose in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Lactose Price Trends for the First Half of 2023
Lactose is the milk sugar that is derived from whey solution, so its prices vary heavily with the fluctuations in milk prices and consumer demands. In the first two quarters of 2023, the price trends for Lactose were observed to be oscillating on the lower end for Lactose.
In the American Lactose market, the average prices went from around 1027 USD/MT (Contract FD) to about 496 USD/MT (Contract FD) in June’23, registering an approximate decline of about 51%.
This crash in the market was majorly owed to the sluggish demand sentiments in both domestic and international markets. Since veganism is on the rise, unpopularizing all dairy-related products and lactose intolerance being a commonly found disorder, the Lactose market was heavily impacted. As the stocked inventories were high and offtakes declined constantly, a steep downward movement in prices was seen. Overall, a negative market sentiment was observed.
According to Procurement Resource, Lactose prices are expected to continue facing this peril since such price depreciation is forcing stakeholders to pull out the investments. Further, the suppliers will be keen to get the inventories vacated, which will force them to discount the prices.
Procurement Resource provides latest prices of Lactose. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Lactose is an example of a disaccharide. It is a sugar made of galactose and glucose subunits. It is naturally found in milk and makes up around 2–8% of milk (by weight). In appearance, Lactose is a white, water-soluble, non-hygroscopic solid with a mildly sweet taste. It is widely utilised in the food industry.
|Industrial Uses||Filler or diluent in tablets and capsules, Stabiliser, Infant formulas, Pharmaceutical industry, Sweetener, Ethanol production|
|Synonyms||63-42-3, 5965-66-2, β-D-Galactopyranosyl-(1→4)-D-glucose, Milk sugar, Lactobiose, 4-O-β-D-Galactopyranosyl-D-glucose|
|Molecular Weight||342.3 g/mol|
|Supplier Database||Nestlé SA, Fonterra Co-operative Group Limited, Dairy Farmers of America Inc., Lactalis International, Land O’Lakes, Inc.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the dairy industry, crystallisation is a vital separation process that is often utilised in the refining of lactose from whey solutions. In the refining operation, lactose crystals are removed from the whey solution through nucleation, growth, and aggregation.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.