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Type: PDF
Status: Syndicate
Categories: Biotechnology
Report Code : BT23
No. of Pages : 150
Pharmaceutical grade lactose is a type of disaccharide sugar consisting of glucose and galactose subunits. Lactose has been finding various health benefits in the fields of robust calcium content supporting the strong bone structures for the host and protein and calcium supplements used by gym and fitness enthusiasts. Lactose has a slight flavor coupled with easy handling properties resulting in the usage of stabilizers and carriers for pharmaceutical and aroma Types. A drastic growth of the biopharmaceutical companies and thereby which industry can become a key factor in fueling the pharmaceutical grade lactose market during the forecast period.
The global pharmaceutical grade lactose market in 2023 was approximately USD 279 Million. The market is expected to grow at a CAGR of 6.6% and is anticipated to reach around USD 380 Million by 2030.
Moreover, the research and development investment and technological advancement are projected to provide significant opportunities for the market players. Researchers have found considerable methods to generate cost-effective setups for the manufacturing facilities of pharmaceutical grade lactose. However, the high cost incurred in services from the company’s perspective is expected to constrain the pharmaceutical grade lactose market growth.
The market for pharmaceutical grade lactose is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on product portfolio, product differentiation, applications, and the pricing of products.
The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product. Key players in the market are DFE Pharma, Zhenjiang Kangfu Bioengineering, Alpavit, Meggle Pharma, Dawning Pharmaceutical, Kerry, Armor Pharma, and Lactose India Limited.
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