Global Pharmaceutical Grade Lactose Market is expected to register a CAGR of 4.76% to reach USD 278.604 Million from 2019 to 2025.
Pharmaceutical grade lactose has been used as an excipient for more than a century. Because of its versatility, it is the backbone of many successful formulations. It is produced by concentrating whey or permeate (a co-product of whey protein concentrates production) to over-saturate the lactose, then removing, refining, drying, and milling the lactose crystals. Pharmaceutical grade lactose is produced to meet rigid specifications, such as specific form and size distribution, monohydrate, crystalline, 40 mesh to 325 mesh, and a spray-dried mixture of crystalline and amorphous lactose for all applications.
Factors that drive the market growth are the Increasing demand for dry powder inhalers (DPI) products, compatibility with active ingredients and other excipients, and drug formulation coupled with nanotechnology boosting the growth of pharmaceutical grade lactose market. However, stringent government regulations and lack of compatibility with amine-based drugs are hampering the growth of the market.
Segmentation
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 Players
The Prominent Players in the Global Pharmaceutical Grade Lactose Market are Kerry Inc. (Ireland), DFE Pharma (Germany), Meggle Excipients & Technology (Germany), Merck KGaA (Germany), Armor Pharma (France), ALPAVIT (Germany), BASF SE (Germany) and others.
Market Segmentation
Global Pharmaceutical grade lactose Market, by Type
Global Pharmaceutical grade lactose Market, by Application