Lactose is a milk sugar made up of galactose, glucose and two sugar molecules that use sugar as an energy source for acid production. It is a significant component of whey and assists in optimizing milk calcium by enhancing intestinal absorption and dairy protein assimilation. In recent years, lactose has gained momentum due to the escalating consumption of nutritious food and beverages on account of the rising lactose intolerance and health consciousness among the masses.
One of the primary factors driving the market is the exponentially growing food and beverage industry. Additionally, lactose is one of the major dairy ingredients with various applications in different industry verticals, such as the food industry for producing creams, bakery products and confectioneries. It is also used in the feed industry significantly as an ingredient for pig feed, thereby creating a positive market outlook. Other than this, the extensive utilization of this product in the production of infant formula is positively influencing the market growth. Besides this, lactose is extensively utilized in the production of excipients or fillers in the pharmaceutical industry. Along with this, with the augmenting demand for calcium-fortified beverages among consumers, key players are expanding their portfolio of lactose-based products. They are also increasing research and development (R&D) activities and engaging in new product launches to expand their consumer base. Apart from these factors, the constantly rising demand for lactose powder worldwide, is strengthening the market growth. Furthermore, the widespread adoption of lactose-based derivates, such as lactitol and lactobionic acid, in cosmetic skin and hair care products due to their moisturizing, cleansing, and antioxidant properties is boosting the product demand. Moreover, the usage of lactobionic acid assists in healing wounds, and is beneficial for skin, hair, nails, and oral cavity and gums, thereby creating lucrative growth opportunities for the key players. Other major growth-inducing factors include the increasing disposable incomes and the rising living standards, especially in developing nations.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the lactose manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the lactose industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the lactose industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Lactose Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Lactose Price Trends
4.7.2 Product Margins
5 Lactose Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Lactose Market: Major Drivers and Challenges
Figure 2: Global: Lactose Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Lactose Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Lactose Market: Breakup by Segment (in %), 2022
Figure 5: Global: Lactose Market: Breakup by Region (in %), 2022
Figure 6: Lactose: Price Trends, 2017 & 2022
Figure 7: Lactose: Margins Across Various Stages of the Supply Chain
Figure 8: Lactose: Breakup of Costs
Figure 9: Lactose Price Structure
Figure 10: Lactose: Manufacturing Process Flow
Figure 11: Lactose: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Lactose: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Lactose Manufacturing: Raw Material Requirements
Table 2: Lactose Manufacturing: Raw Material Costs
Table 3: Lactose Manufacturing: Electricity Costs
Table 4: Lactose Manufacturing: Steam Costs
Table 5: Lactose Manufacturing: Process Water Costs
Table 6: Lactose Manufacturing: Total Utility Costs
Table 7: Lactose Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Lactose Manufacturing: Packaging Costs
Table 9: Lactose Manufacturing: Transportation Costs
Table 10: Lactose Manufacturing: Sales and Administration Costs
Table 11: Lactose Manufacturing: Total Operating Costs
Table 12: Lactose Manufacturing: Costs Related to Land and Site Development
Table 13: Lactose Manufacturing: Costs Related to Civil Works
Table 14: Lactose Manufacturing: Costs Related to Plant Machinery
Table 15: Lactose Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Lactose Manufacturing: Costs Related to Electrical works and Piping
Table 17: Lactose Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Lactose Manufacturing: Working Capital Requirements
Table 19: Lactose Manufacturing: Total Capital Investment Required
Table 20: Lactose Manufacturing: Total Production Cost
Table 21: Lactose Manufacturing: Raw Material Suppliers
Table 22: Lactose Manufacturing: Machinery Suppliers
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