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Lactobionic acid is formed by oxidation of the disaccharide lactose. It is a molecule in which the PHA gluconolactone is attached to a sugar, galactose. Lactobionic acid takes the properties of bulk and polarity still further than the PHAs, with the added benefit of being a strong antioxidant and iron chelator. It has appeared on the commercial scene as a versatile polyhydroxy acid with numerous promising applications in the food, medicine, pharmaceutical, cosmetics and chemical industries.
Market Analysis and Insights: Global Lactobionic Acid Market
Due to the COVID-19 pandemic, the global Lactobionic Acid market size is estimated to be worth US$ 18 million in 2022 and is forecast to a readjusted size of US$ 21 million by 2028 with a CAGR of 3.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Lactobionic Acid Solution accounting for % of the Lactobionic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Medicine segment is altered to an % CAGR throughout this forecast period.
Currently, there are some companies in the world can produce lactobionic acid product, mainly concentrate in India, USA and China. The main market players are Reliable Biopharmaceutical, Global Lactobionic Acid, Bio-sugars Technology, Manus Aktteva Biopharma, Carbosynth, Shanghai Hongbang Medical Technology, BOC Sciences and Haohua Group, etc. Reliable Biopharmaceutical, Global Lactobionic Acid and Bio-sugars Technology are the top 3 of this industry with about 81% market shares.
Lactobionic acid can be classified as two types, such as lactobionic acid solution and lactobionic acid powder. It can be widely used in many industries. Survey results showed that 37% of the lactobionic acid market is pharmaceutics & biomedicine industry, 32% is cosmetic industry, 18% is food industry, 6% is chemical industry and 5% divided among other industries. Currently, there are some companies in the world can produce lactobionic acid product, mainly concentrate in India, USA and China. The main market players are Reliable Biopharmaceutical, Global Lactobionic Acid, Bio-sugars Technology, Manus Aktteva Biopharma, Carbosynth, Shanghai Hongbang Medical Technology, BOC Sciences, Haohua Group, etc. Reliable Biopharmaceutical, Global Lactobionic Acid and Bio-sugars Technology are the top 3 of this industry with about 81% market shares.
Lactobionic acid can be classified as two types, such as lactobionic acid solution and lactobionic acid powder. It can be widely used in many industries. Survey results showed that 37% of the lactobionic acid market is pharmaceutics & biomedicine industry, 32% is cosmetic industry, 18% is food industry, 6% is chemical industry and 5% divided among other industries.
Global Lactobionic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lactobionic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Lactobionic Acid Solution
Lactobionic Acid Powder
Segment by Application
Medicine
Cosmetic
Food and Beverage
Chemical Industry
Others
By Company
Reliable Biopharmaceutical
Global Lactobionic Acid
Bio-sugars Technology
Manus Aktteva Biopharma
Carbosynth
Shanghai Hongbang Medical Technology
BOC Sciences
Haohua Group
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Lactobionic Acid Market
Due to the COVID-19 pandemic, the global Lactobionic Acid market size is estimated to be worth US$ 18 million in 2022 and is forecast to a readjusted size of US$ 21 million by 2028 with a CAGR of 3.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Lactobionic Acid Solution accounting for % of the Lactobionic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Medicine segment is altered to an % CAGR throughout this forecast period.
Currently, there are some companies in the world can produce lactobionic acid product, mainly concentrate in India, USA and China. The main market players are Reliable Biopharmaceutical, Global Lactobionic Acid, Bio-sugars Technology, Manus Aktteva Biopharma, Carbosynth, Shanghai Hongbang Medical Technology, BOC Sciences and Haohua Group, etc. Reliable Biopharmaceutical, Global Lactobionic Acid and Bio-sugars Technology are the top 3 of this industry with about 81% market shares.
Lactobionic acid can be classified as two types, such as lactobionic acid solution and lactobionic acid powder. It can be widely used in many industries. Survey results showed that 37% of the lactobionic acid market is pharmaceutics & biomedicine industry, 32% is cosmetic industry, 18% is food industry, 6% is chemical industry and 5% divided among other industries. Currently, there are some companies in the world can produce lactobionic acid product, mainly concentrate in India, USA and China. The main market players are Reliable Biopharmaceutical, Global Lactobionic Acid, Bio-sugars Technology, Manus Aktteva Biopharma, Carbosynth, Shanghai Hongbang Medical Technology, BOC Sciences, Haohua Group, etc. Reliable Biopharmaceutical, Global Lactobionic Acid and Bio-sugars Technology are the top 3 of this industry with about 81% market shares.
Lactobionic acid can be classified as two types, such as lactobionic acid solution and lactobionic acid powder. It can be widely used in many industries. Survey results showed that 37% of the lactobionic acid market is pharmaceutics & biomedicine industry, 32% is cosmetic industry, 18% is food industry, 6% is chemical industry and 5% divided among other industries.
Global Lactobionic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lactobionic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Lactobionic Acid Solution
Lactobionic Acid Powder
Segment by Application
Medicine
Cosmetic
Food and Beverage
Chemical Industry
Others
By Company
Reliable Biopharmaceutical
Global Lactobionic Acid
Bio-sugars Technology
Manus Aktteva Biopharma
Carbosynth
Shanghai Hongbang Medical Technology
BOC Sciences
Haohua Group
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
