Backed by consistent demand from end-use industries such as food, beverages, confectionery, pharmaceuticals and animal feed, market for lactose is projected to reach a value of $762.7 million by 2012.
San Jose, CA (PRWEB) April 17, 2008 -- Lactose is produced from whey, a by-product of the cheese-making process. Lactose finds application in pharmaceuticals, food & beverages, confectionery and animal feed industries. Edible grade lactose is utilized in fine chemical applications, production of infant formulae, confectionery and food products. Pharmaceutical grade lactose is employed as a pharmaceutical excipient. Inhalation-grade lactose, which accounts for a minor share of the pharmaceutical lactose market, is expected to receive a boost as pharma companies increasingly develop new inhaled drug delivery therapies.
Lactose market in United States is estimated at $192 million for 2008, as stated by Global Industry Analysts, Inc. North America, Europe and Asia, collectively account for 92 percent of the global lactose market. Global consumption of lactose in food industry is estimated at $286 million for 2008. Lactose consumption in confectionery industry is projected to register a CAGR of over 4% through 2010.
The global marketplace includes participants such as Davisco Foods International, DMV International, DMV-Fonterra Excipients, Fonterra Co-Operative Group, Lactose New Zealand, Friesland Foods, Glanbia Foods and Saputo Inc.
"Lactose: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Asia-Pacific, Latin America and the Middle East for the period 1991-2015. Analytics are provided in terms of product segments including Pharmaceuticals, Food and Confectionery.
For more details about this research report, please visit
http://www.strategyr.com/Lactose_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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