Global Lactobionic Acid Market - Growth, Trends and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||389849|
|出版日期||內容資訊||英文 100 Pages
|全球乳糖酸市場:成長，趨勢，及預測(2020年∼2025年) Global Lactobionic Acid Market - Growth, Trends and Forecasts (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 100 Pages||
The Global Lactobionic Acid Market is projected to reach 75 billion growing at a CAGR of 5.2% during the forecasted period.
The Global Lactobionic Acid Market is segmented by Application into Cosmetics, Food, Pharmaceuticals and Medicals and Others. Others applications include sugar-based surfactant, co-builder in biodegradable detergent etc. The geographical analysis of the market has also been included in the report.
The Major Application Of Latobionic Acid Is Pharmaceuticals and Health Industry
Lactobionic acid is widely used in health related products such as pharmaceuticals, antibiotics, and preservative solutions for organ transplantation. This preservation solution has been adopted worldwide as the gold standard clinical dissolution for organ perfusion in transplantation medicine, this helps in suppressing tissue damage caused by free radicals during organ storage. Lactobionic Acid also work as a stabilizer of pharmaceutical formulations containing liable therapeutic components. Lactobionic Acid act as a special high affinity inhibitor compound of carbohydrate binding proteins that promote vaccine stimulated immune responses against breast tumors that may lead to tumor regression as well as an improved survival outcome. Lactobionic Acid is added in dietary supplements for the prevention of calcium deficiency pathologies.
North America Is The Fastest Growing Region In The Market
North America is the fastest growing and the third largest market for lactobionic acid. United States holds the major share for lactobionic production and consumption in the region. The emerging applications of lactobionic acid in cosmetic products is a major driver in the region. The major share of lactobionic acid consumed in North America is exported from China and Europe to meet the demand. The major application of lactobionic acid in the region is in the medical and pharmaceutical industry. Proving to be a multifunctional value-added organic acid is boosting its demand in the food and feed industry. After its approval to be used as a food additive in various food products by USFDA its demand in food industry has grown significantly.
The global lactobionic acid market is a highly consolidated and competitive market. The major players holds more than 60% of the market. Major players have presence in regional and global markets, as well as they adopt various other strategies to increase their existing share. Sandoz, Cayman, Merck Group, Bio-sugars, Wu Xi Sigma Chemical Products and Reliable Biopharmaceuticals are the major players of the market.