Transparency Market Research Report Added "Lactose monohydrate Market" to its database.
Albany, NY -- (SBWIRE) -- 03/29/2016 -- Transparency Market Research has compiled a diverse range of data on the industries of pharmaceutical and food and beverages. One of the markets consistently linked to both is analyzed in a report titled, "Lactose Monohydrate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023." Current trends, key market segments, competitive landscape analysis, and a geographical segmentation can help understand this market better.
Lactose monohydrate is an organic compound and is generally available as crystallized milk and is commonly known as milk sugar. It can be either pale yellow or white in color and is soluble in water. It can be synthesized for industrial rate production and is rated as safe for use in controlled measures within edible products.
The primary driver of the global lactose monohydrate market is the increasing demand from the industries of food and beverage and pharmaceuticals. The key advantages of lactose monohydrate are its ease of solubility, cheap cost of manufacturing, and a long shelf life. It can even be used as a stabilizer, making it one of the most commonly used milk-based products. From the perspective of the pharmaceutical industry, lactose monohydrate is chemically and physically stable, and does not absorb water, which makes it easier to use in tablets and capsules.
Another driver of the global lactose monohydrate market is the growing adoption of lactose monohydrate in the manufacture of cosmetics. This is expected to propel the growth rate of the global lactose monohydrate market to higher levels.
One of the major restraints acting on the global lactose monohydrate market is the increasing availability of substitute products, along with a growing demand for natural foods. These restraints can be negotiated by expanding the scope of lactose monohydrate's use as an ingredient in other products. The future growth rate of the global lactose monohydrate market can depend on its improved scope of use.
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Asia Pacific has dominated the global lactose monohydrate market in terms of consumption, from a regional perspective. China, India, South Korea, and Japan, are among the topmost consumers of lactose monohydrate in the world, thus pitching the APAC region as the leading one in this global market. All these regions are showing an increase in the use of lactose monohydrate in both pharmaceuticals and food and beverages. This is mainly facilitated by a rapid increase in the population of these regions, especially in India and China.
Europe has also been a major consumer in the global lactose monohydrate market, where the ingredient is usually used as an additive in baby food. North America is expected to show a steady growth rate due to a higher use of lactose monohydrate in pharmaceuticals and animal feed.
The key players in the global lactose monohydrate market are Merck Millipore, Meggle Group, Mallinckrodt Baker Inc., Hummel Croton Inc., Lactose India Ltd., and Sheffield Bio-Science Ltd.
Mr. Sudip S
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