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.
Regional Analysis
Europe was the largest market for Pharmaceutical grade lactose 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. The association of excipient manufacturers setting stringent norms and good manufacturing practices (GMP) are reasons for standardization of the manufacturing process. The norms and GMPs set forth by the International Pharmaceutical Excipients Council, Europe brings producers, distributors, and users of pharmaceutical excipients together in one place to share experiences and knowledge to learn and to lead the future of excipients. The IPEC Federation represents the five existing regional International Pharmaceutical Excipient Councils (IPECs) - IPEC-Americas, IPEC Europe, IPEC Japan, IPEC China, and IPEC India. EXCiPACT is a not-for-profit organization that develops and manages a high-quality certification scheme for producers, suppliers, and distributors of pharmaceutical excipients.
Asia-Pacific is the second-largest market for Pharmaceutical grade lactose. According to the United Nations, across Asia, the number of people age 65 and above is expected to grow dramatically over the next 50 years. For the region, the population in this age group will increase by 314% from 207 million in 2000 to 857 million in 2050. A research conducted by the World Bank estimated that the number of projected cases of COPD in China would be 42.5 million in 2020 and 55.2 million in 2030. According to research published in The Lancet, the number of cases of COPD in India increased from 28.1 million in 1990 to 55.3 million in 2016, an increase in prevalence from 3.3% to 4.2%.
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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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