Rise in Demand for Customized Lactose Formulations by Pharmaceutical Companies is Driving the Global Pharmaceutical Grade Lactose Market
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The use of lactose in pharmaceuticals has seen a rise in recent years due to several factors, including its versatility and suitability for various drug delivery systems and formulations. As lactose is commonly used as a filler or diluent in the production of solid dosage forms such as tablets and capsules. Its ability to provide uniform distribution of active ingredients and its compatibility with a wide range of drugs make it a preferred choice. Besides in the last few years, pharmaceutical companies are increasingly developing patient-centric formulations that are easier to take and more convenient. Lactose plays a role in achieving these goals, especially in the development of user-friendly dosage forms which has led to its increased demand and overall growth of the global pharmaceutical grade lactose market.
Global Pharmaceutical Grade Lactose Market Snapshot
Market Value in 2022 : USD 223 Million
Market Value Forecast 2031: USD 395 Million
Growth Rate: 5.7%
Historical Data : 2015-2021
Base Year : 2022
Forecast Data : 2023-2031
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Global Pharmaceutical Grade Lactose Market Type Insights
In 2022, α-lactose monohydrate had the highest share in the pharmaceutical grade lactose market. Lactose grades with varying physical features, such as particle size distribution and flow characteristics, are commercially available. Crystalline α-lactose monohydrate is the most frequent type of lactose used in pharmaceutical manufacturing. This form comes in a variety of milled and sifted pharmaceutical grades with varying physical qualities such as flowability, bulk density, and particle size distribution. Moreover it is commonly employed as a filler, binder, or diluent in the production of solid dosage forms, such as tablets and capsules. Lactose monohydrate helps in achieving the desired tablet hardness and disintegration properties which has led to the rise in demand.
On the other hand other lactose variants, such as anhydrous lactose (with all water removed) and lactose hydrates (with varying water content), are also being used in specific formulations where their properties are better suited to the desired characteristics of the drug product.
Global Pharmaceutical Grade Lactose Market Distribution Channel Insights
Based on the distribution channel in the pharmaceutical grade lactose market, direct distribution had the highest share in 2022, as direct distribution allows for better control over the quality and integrity of pharmaceutical grade lactose. Manufacturers can maintain strict quality control standards and ensure that the product meets pharmacopeial and regulatory requirements throughout the distribution process. Besides pharmaceutical grade lactose is subjected to strict regulatory requirements, a direct distribution channel allows manufacturers to ensure that the product is compliant with the necessary standards and regulatory guidelines.
Global Pharmaceutical Grade Lactose Market Regional Insights
Asia Pacific region is anticipated to be the fastest growing region in the pharmaceutical grade lactose market during the forecast period. The adoption of lactose in the pharmaceutical industry in Asia is driven by its cost-effectiveness, versatility, compatibility with APIs, and suitability for various formulations. As the pharmaceutical market in Asia continues to grow, lactose remains a valuable excipient for drug manufacturers in the region as lactose is a versatile excipient that can be used in various pharmaceutical formulations, including tablets, capsules, dry powder inhalers, and orally disintegrating tablets (ODTs). Its adaptability to different drug delivery systems makes it a versatile choice for drug manufacturers. Thus with the flourishing pharmaceutical industry in Asia, the pharmaceutical grade lactose market will experience huge growth in the upcoming years.
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Key Developments in Global Pharmaceutical Grade Lactose Market
• In July 2021, Safic-Alcan, a worldwide specialty chemicals distributor, announced a new partnership with Armour Pharma, a French manufacturer of pharma-grade lactose, covering the United Kingdom. This partnership strengthens Safic-Alcan UK's capacity to deliver a diverse variety of industry-leading solutions to its pharmaceutical sector customers.
Global Pharmaceutical Grade Lactose Market Competitors
o Armor Pharma
o DFE Pharma
o Fengchen Group Co., Ltd
o IMCD N.V.
o International Ingredients & Excipients Pvt. Ltd.
o Kerry Group plc
o Lactalis Ingredients
o Lactose (India) Limited
o MEGGLE GmbH & Co. KG
o Merck KGaA
o RCI Labscan Limited.
o Surfachem Group Ltd.
o Other Market Participants
Global Pharmaceutical Grade Lactose Market
o α-lactose monohydrate
o Anhydrous Lactose (β-lactose)
o Spray Dried Monohydrate
o Lactose hydrous
o Amorphous lactose
o Direct Compression
o Dry Granulation
o Wet Granulation
o Orally Dispersible Tablet
By Distribution Channel
o North America (U.S., Canada, Mexico, Rest of North America)
o Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
o Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
o Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
o Latin America (Brazil, Argentina, Rest of Latin America)
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