Global Lactobionic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Lactobionic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Lactobionic Acid Market is projected to reach XX billion growing at a CAGR of 5.2% during the forecasted period.

Key Highlights

• Lactobionic acid is formed by the oxidation of lactose. Byproducts from the commercial cheese, whey and dairy industries are the main sources of lactobionic acid.
• It has a wide range of applications in food, pharmaceuticals, cosmetic industry, etc. The major drivers for the lactobionic market are its wide range of applications as a bioactive component ,especially in medicine, its tremendous demand in cosmeceutical, and the increased demand of biodegradable products.
• Lactobionic acid has immense application in meat and meat products, which has increased its demand in the food industry.

Key Market TrendsMajor Application of Latobionic Acid is in 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

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.

Competitive Landscape

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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