Pharmaceutical Grade Lactose Market Growth & Forecast [2031]

Pharmaceutical Grade Lactose Market Growth & Forecast [2031]

Segments - Pharmaceutical Grade Lactose Market by Shareholder (Research Organizations, Traders, Importers, Exporters, Suppliers, and Industry End-Users) and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Vishal Golekar

Upcoming | Report ID :HC-889 | 4.4 Rating | 81 Reviews | 187 Pages | Format : PDF Excel PPT

Report Description


The global pharmaceutical grade lactose market size was valued at USD 237.52 Million in 2022 and is expected to surpass USD 352.98 Million by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing product demand for infant formulation which has excellent characteristics such as iron absorption, production of cytokines, and immune cell activation.

Pharmaceutical grade lactose is a form of disaccharide sugar comprising glucose and galactose subunits. Lactose has multiple health benefits in the fields of calcium content contributing to strong bone structures for the host and protein supplements used by gym and fitness enthusiasts. The increasing demand for lactose in the manufacturing process of infant food is creating immense possibilities for the market in the coming years.

Pharmaceutical Grade Lactose Market Outlook

Lactose has a mild flavor along with easy handling properties leading it to the usage of stabilizers and carriers for pharmaceutical and aroma products. It has also been found in various industrial applications. According to the World Health Organization (WHO), along with the Centers for Disease Control and Prevention (CDC), 30% of the total world population does not have access to lactose nutrients and another 15% of the population is unable to digest lactose and use substitute variants for nutrition.

The market report finds that the COVID-19 pandemic has boosted the market demand, as the essential products and their manufacturing were not affected during that time. The demand for Dairy items was on top during the pandemic. Moreover, due to the shortage in the supply chain process, product prices went upward which resulted in a growth in the market.

  • For instance, according to GlobalDairyTrade, there was a boost in the price of lactose which was USD 1390 by December 2021, as compared to USD 1087 in October 2020.

Pharmaceutical Grade Lactose Market Dynamics

Major Drivers 

Increase in spending and investment by the companies towards pharmaceutical grade lactose is the primary reason for the projection of boosting the market growth during the forecast period. Rapid growth of the biopharmaceutical companies and thereby that industry can become a major factor in the boosting of the pharmaceutical grade lactose market during the forecast period.

Existing Restraints

High prices for the development of pharmaceutical grade lactose and high cost of services from the company’s perspective are anticipated to hinder the pharmaceutical grade lactose market growth. Lactose products when used in high frequencies, especially with no medical inspection can also be harmful to the host including nausea, diarrhea, and uneasiness in the stomach. This uncertainty can hamper the pharmaceutical grade lactose market growth.

Emerging Opportunities

R&D investment and technological advancement are expected to offer significant opportunities for the market players. Researchers have found sustainable methods to produce cost-effective setups for the manufacturing facilities of pharmaceutical grade lactose.

Scope of Pharmaceutical Grade Lactose Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Pharmaceutical Grade Lactose Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Shareholder (Research Organizations, Traders, Importers, Exporters, Suppliers, and Industry End-Users)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast

Key Players Covered in the Report

GlaxoSmithKline plc; Pfizer Inc.; Bayer AG; Sanofi; Merck & Co. Inc.; Bristol-Myers Squibb Company; Abbott; Novartis AG; Johnson & Johnson Services Inc.; Gilead Sciences Inc.; and Astellas Pharma Inc.

Pharmaceutical Grade Lactose Market Segment Insights

Shareholder Segment Analysis

Based on shareholder, the pharmaceutical grade lactose market is divided into research organizations, traders, importers, exporters, suppliers, and industry end-users. The suppliers segment is expected to constitute the major share in 2019 and is anticipated to grow with a significant CAGR during the forecast period.

The major reason attributing to this market growth is the increase in demand for lactose products, particularly pharmaceutical grade lactose products. The awareness of the benefits of lactose consumption increased the demand for these products, making suppliers the most important shareholder in the supply chain cycle.

Pharmaceutical Grade Lactose Market Shareholders

Regional Analysis

On the basis of region, the pharmaceutical grade lactose market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Europe is expected to constitute a major share of 41.9 % in 2020. This regional market growth can be attributed to the growing research & development expenditure along with the rising adoption of the latest technology.

The cost of expenditure is significantly lower in Europe than that of other economies. However, the market in the Asia Pacific is anticipated to expand at a significant CAGR during the forecast period, as they have prioritized the cost-efficiency perspective of cold plasma combined with their growing population.

Pharmaceutical Grade Lactose Market Regions

Segments

The pharmaceutical grade lactose market size has been segmented in terms of

Shareholder

  • Research Organizations
  • Traders
  • Importers
  • Exporters
  • Suppliers
  • Industry End-Users

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • GlaxoSmithKline plc
  • Pfizer Inc.
  • Bayer AG
  • Sanofi
  • Merck & Co. Inc.
  • Bristol-Myers Squibb Company
  • Abbott
  • Novartis AG
  • Johnson & Johnson Services Inc.
  • Gilead Sciences Inc.
  • Astellas Pharma Inc.

Competitive Landscape

Major players competing in the pharmaceutical grade lactose market are GlaxoSmithKline plc; Pfizer Inc.; Bayer AG; Sanofi; Merck & Co. Inc.; Bristol-Myers Squibb Company; Abbott; Novartis AG; Johnson & Johnson Services Inc.; Gilead Sciences Inc.; and Astellas Pharma Inc.

These market players are involved in several business strategies such as mergers, acquisitions partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

The United States Environmental Protection Agency announced a partnership with Pfizer Inc. to develop more than 50 self-sustainable manufacturing facilities which is expected to be cost-effective in nature, and a trial run has been initiated in the United States of America. If this project is successful, Pfizer Inc. has promised to expand this activity to over 30 countries in the world.

Pharmaceutical Grade Lactose Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharmaceutical Grade Lactose Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Pharmaceutical Grade Lactose Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Pharmaceutical Grade Lactose Market - Supply Chain
  4.5. Global Pharmaceutical Grade Lactose Market Forecast
     4.5.1. Pharmaceutical Grade Lactose Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Pharmaceutical Grade Lactose Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Pharmaceutical Grade Lactose Market Absolute $ Opportunity
5. Global Pharmaceutical Grade Lactose Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Pharmaceutical Grade Lactose Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Pharmaceutical Grade Lactose Demand Share Forecast, 2019-2026
6. North America Pharmaceutical Grade Lactose Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Pharmaceutical Grade Lactose Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Pharmaceutical Grade Lactose Demand Share Forecast, 2019-2026
7. Latin America Pharmaceutical Grade Lactose Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Pharmaceutical Grade Lactose Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Pharmaceutical Grade Lactose Demand Share Forecast, 2019-2026
8. Europe Pharmaceutical Grade Lactose Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Pharmaceutical Grade Lactose Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Pharmaceutical Grade Lactose Demand Share Forecast, 2019-2026
9. Asia Pacific Pharmaceutical Grade Lactose Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Pharmaceutical Grade Lactose Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Pharmaceutical Grade Lactose Demand Share Forecast, 2019-2026
10. Middle East & Africa Pharmaceutical Grade Lactose Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Pharmaceutical Grade Lactose Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Pharmaceutical Grade Lactose Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Pharmaceutical Grade Lactose Market: Market Share Analysis
  11.2. Pharmaceutical Grade Lactose Distributors and Customers
  11.3. Pharmaceutical Grade Lactose Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. GlaxoSmithKline plc
     11.4.2. Pfizer Inc.
     11.4.3. Bayer AG
     11.4.4. Sanofi
     11.4.5. Merck & Co. Inc.

Methodology

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