Pharmaceutical grade lactose Market Size, Trends and Growth Analysis by Type (Crystalline Monohydrate Lactose (α-Lactose monohydrate, β-Lactose) Inhalation Lactose (Sieved, Milled) Granulated Lactose, Spray Dried Lactose, Others) Application (Tablets Manufacturing (Direct Compression, Wet granulation, Dry Granulation) Capsule Manufacturing (Capsules, Sachets, Others) others and Region (Americas, Europe, Asia-Pacific & Middle East & Africa) - Forecast till 2027
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Global Pharmaceutical Grade Lactose Market is estimated to be valued at USD 278.604 Million by 2025 and is expected to register a CAGR of 4.76 % during the forecast period.
Segment Analysis
The global Pharmaceutical grade lactose market has been segmented on the basis of type, and application. The market, based on type, has been segmented into Crystalline Monohydrate Lactose, Inhalation Lactose, Granulated Lactose, Spray Dried Lactose, and others. Crystalline Monohydrate Lactose is further segmented into α-Lactose monohydrate, and β-Lactose (anhydrous lactose). Inhalation Lactose is further segmented into Sieved and Milled. The global pharmaceutical grade lactose market, by application, has been categorized as tablets manufacturing, capsule manufacturing, and others. Tablets manufacturing is further segmented into direct compression, wet granulation, and dry granulation. Capsule manufacturing is further segmented into capsules, sachets, and others.
Key Findings of the Study
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The global Pharmaceutical grade lactose market is projected to reach over 278.604 million by 2025 and is expected to register a CAGR of 4.76%
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Europe held a market share of 41.04% in 2019. Europe is anticipated to witness significant growth over the forecast period owing to the presence of a higher number of manufacturers and manufacturing associations in the region. For instance, key players headquartered in Europe include BASF Corporation, Merck KGaA, Kerry Inc., DFE Pharma, and others.
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Based on type, the crystalline monohydrate lactose segment accounted for the largest market share of 30.44% in 2019.
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On the basis of application, the tablets manufacturing segment accounted for a significant market share of 51.67% in 2019.
Key Players
Market Research Future (MRFR) Kerry Inc. (Ireland), DFE Pharma (Germany), Meggle Excipients & Technology (Germany), Merck KGaA (Germany), Armor Pharma (France), ALPAVIT (Germany), BASF SE (Germany) as the Key Players in the Global Pharmaceutical Grade Lactose Market.
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