April 22, 2024

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Parag Milk Foods expands health & nutrition enterprise and commissions lactose plant

The business has ventured into whey protein powders, a by-product or service in the cheese producing course of action. Parag founded India’s initial and only producing facility to create whey protein and launched many whey protein products in the market place together with Avvatar, a branded B2C item, and India’s very first 100% vegetarian whey protein. Via the commissioning of the lactose plant, the company is now intending to add greater value to whey permeates produced through the filtration system of whey protein.

Whey permeate is made up of a higher concentration of lactose, a natural milk sugar with unwanted fat and minerals, that is commonly marketed as a substitute to skimmed milk powder (SMP). Pure lactose, which mainly is made up of edible lactose utilised in confectionaries and food items additives, and pharma quality lactose utilized by the pharmaceutical and diet industries, garners a greater benefit and has a extensive prospective for expansion, the corporation explained.

Parag has as a result proven amenities with a capability to manufacture 40 MT of lactose for each working day. The business claimed it can build lactose for segments this kind of as food apps, toddler diet and scientific nutrition goods.

Globally, the lactose market place size stood at $1.2bn in 2018 and is projected to grow to $1.5bn by 2026, exhibiting a CAGR of 3.7% throughout this interval. The Indian lactose marketplace sizing is between 40,000-45,000 MT and is valued at about $70m, with a significant section of the need satisfied through imports.

This enterprise claimed this presents a big chance.