Market Overview:
The global lactobionic acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The lactobionic acid market is segmented on the basis of type, application, and region. On the basis of type, the lactobionic acid market is segmented into lactobionic acid solution and lactobionic acid powder. Lactbioncic acis solution accounted for a larger share in 2017 and is expected to maintain its dominance during the forecast period. On thhe basis og application, thge lacotobic aciid makret i ssegmented into medicne, cosmetic, food anbd beverage, chemical industry,, an others. Medicne accounted for a major share in 2017 and is projected to maintain its lead during the forecast period owing to increasing demand for probiotics across various applications such as dietary supplements & functional foods products and animal feed additives. Geographically,, t he global lacotobic aciid maeket has been bifurcated into North America,, Latin Ameirca,, Europe Asia Pacific ,and Middle East & Africa . In terms of revenue,. Europe helds t he largest share in 2017 followed by North America . However,. Asia Pacific region i s projectedt o witness highest growth rate dduringthe forecasdt peirod due tto rapid economic development annd increasinng consumer awareness about benefits associated with use of probiotics.
Product Definition:
Lactobionic acid is a type of organic compound that is found in milk. It has a sour taste and is used as an ingredient in some food products. Lactobionic acid has also been shown to have beneficial effects on the skin, such as reducing wrinkles and age spots.
Lactobionic Acid Solution:
Lactobionic acid is a naturally occurring compound, which is produced by the fermentation of bacteria. It has been used in medical applications as an alternative to opioids for pain management and treatment of diarrhea and vomiting. Lactobionic acid (LA) solution can be administered orally; it has also been proven to effectively treat opioid withdrawal symptoms in patients undergoing detoxification from opioids.
Lactobionic Acid Powder:
Lactobionic acid is a naturally occurring compound found in the milk of several mammals including humans. It is also marketed as levo-lactate or lactoprotein. Lactobionic acid powder has been widely used in dairy products such as ice creams, cheese and other nutritional beverages to increase their content of vitamin B6 and calcium.
The global lactobionic acid market size was valued at USD 848 million in 2016.
Application Insights:
The other applications include in personal care and cosmetics. The cosmetic application segment is anticipated to witness the fastest growth over the forecast period owing to its ability to enhance skin smoothness, reduce wrinkles, and improve skin elasticity. Furthermore, it is used as a viscosity regulator for making liquid detergents and soaps as well as an emulsifier in manufacturing lipsticks and eye shadows.
Lactobionic acid has been witnessing increased use in producing medicines due to its antibacterial property that helps prevent against bacterial infection including staphylococcus Aureus (staph), salmonella enteritidis (salmonella), Escherichia coli O157:H7 (E coli), Klebsiella pneumoniae (klebsiella), Proteus mirabilis (Proteus). It also acts as an antioxidant by protecting cell membranes against damage caused by free radicals thus improving overall health.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing product demand for its various applications. In North America, lactobionic acid is used as a food additive and cosmetic ingredient in pharmaceuticals and other personal care products such as shampoos, soaps, creams/gels and lotions/creams for diaper rash treatment; whereas it finds application in medicines such as anti-inflammatory drugs for treating arthritis symptoms; sedatives; contraceptives (birth control pill); appetite stimulants; diuretics (water pills) among others.
The Asia Pacific market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for lactobionic acid in food and beverage industry as a preservative and flavor enhancer.
- Rising awareness about the benefits of lactobionic acid among consumers for its antioxidant properties.
- Growing application of lactobionic acid in personal care products for skin care benefits.
- Increasing use of lactobionic acid in pharmaceuticals and nutraceuticals products for various therapeutic applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactobionic Acid Market Research Report
By Type
Lactobionic Acid Solution, Lactobionic Acid Powder
By Application
Medicine, Cosmetic, Food and Beverage, Chemical Industry, Others
By Companies
Reliable Biopharmaceutical, Global Lactobionic Acid, Bio-sugars Technology, Manus Aktteva Biopharma, Carbosynth, Shanghai Hongbang Medical Technology, BOC Sciences, Haohua Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lactobionic Acid Market Report Segments:
The global Lactobionic Acid market is segmented on the basis of:
Types
Lactobionic Acid Solution, Lactobionic Acid Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medicine, Cosmetic, Food and Beverage, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Reliable Biopharmaceutical
- Global Lactobionic Acid
- Bio-sugars Technology
- Manus Aktteva Biopharma
- Carbosynth
- Shanghai Hongbang Medical Technology
- BOC Sciences
- Haohua Group
Highlights of The Lactobionic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lactobionic Acid Solution
- Lactobionic Acid Powder
- By Application:
- Medicine
- Cosmetic
- Food and Beverage
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lactobionic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lactobionic acid is a type of organic acid that is produced naturally by the human body. It has been shown to have anti-inflammatory and antioxidant properties, which may help protect the body against disease.
Some of the major players in the lactobionic acid market are Reliable Biopharmaceutical, Global Lactobionic Acid, Bio-sugars Technology, Manus Aktteva Biopharma, Carbosynth, Shanghai Hongbang Medical Technology, BOC Sciences, Haohua Group.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lactobionic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lactobionic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lactobionic Acid Market - Supply Chain
4.5. Global Lactobionic Acid Market Forecast
4.5.1. Lactobionic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lactobionic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lactobionic Acid Market Absolute $ Opportunity
5. Global Lactobionic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lactobionic Acid Market Size and Volume Forecast by Type
5.3.1. Lactobionic Acid Solution
5.3.2. Lactobionic Acid Powder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lactobionic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lactobionic Acid Market Size and Volume Forecast by Application
6.3.1. Medicine
6.3.2. Cosmetic
6.3.3. Food and Beverage
6.3.4. Chemical Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lactobionic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lactobionic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lactobionic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lactobionic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lactobionic Acid Demand Share Forecast, 2019-2026
9. North America Lactobionic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lactobionic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lactobionic Acid Market Size and Volume Forecast by Application
9.4.1. Medicine
9.4.2. Cosmetic
9.4.3. Food and Beverage
9.4.4. Chemical Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lactobionic Acid Market Size and Volume Forecast by Type
9.7.1. Lactobionic Acid Solution
9.7.2. Lactobionic Acid Powder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lactobionic Acid Demand Share Forecast, 2019-2026
10. Latin America Lactobionic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lactobionic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lactobionic Acid Market Size and Volume Forecast by Application
10.4.1. Medicine
10.4.2. Cosmetic
10.4.3. Food and Beverage
10.4.4. Chemical Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lactobionic Acid Market Size and Volume Forecast by Type
10.7.1. Lactobionic Acid Solution
10.7.2. Lactobionic Acid Powder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lactobionic Acid Demand Share Forecast, 2019-2026
11. Europe Lactobionic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lactobionic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lactobionic Acid Market Size and Volume Forecast by Application
11.4.1. Medicine
11.4.2. Cosmetic
11.4.3. Food and Beverage
11.4.4. Chemical Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lactobionic Acid Market Size and Volume Forecast by Type
11.7.1. Lactobionic Acid Solution
11.7.2. Lactobionic Acid Powder
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lactobionic Acid Demand Share, 2019-2026
12. Asia Pacific Lactobionic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lactobionic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lactobionic Acid Market Size and Volume Forecast by Application
12.4.1. Medicine
12.4.2. Cosmetic
12.4.3. Food and Beverage
12.4.4. Chemical Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lactobionic Acid Market Size and Volume Forecast by Type
12.7.1. Lactobionic Acid Solution
12.7.2. Lactobionic Acid Powder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lactobionic Acid Demand Share, 2019-2026
13. Middle East & Africa Lactobionic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lactobionic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lactobionic Acid Market Size and Volume Forecast by Application
13.4.1. Medicine
13.4.2. Cosmetic
13.4.3. Food and Beverage
13.4.4. Chemical Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lactobionic Acid Market Size and Volume Forecast by Type
13.7.1. Lactobionic Acid Solution
13.7.2. Lactobionic Acid Powder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lactobionic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lactobionic Acid Market: Market Share Analysis
14.2. Lactobionic Acid Distributors and Customers
14.3. Lactobionic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Reliable Biopharmaceutical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Global Lactobionic Acid
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bio-sugars Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Manus Aktteva Biopharma
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carbosynth
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shanghai Hongbang Medical Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BOC Sciences
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Haohua Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
