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Global Lactobionic Acid Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4387119
  • Report
  • Region: Global
  • 161 pages
  • Mordor Intelligence
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The global lactobionic acid market of USD XX million in 2016 is expected to reach USD XX million by 2021 growing at a CAGR of XX% during the forecasted period 2016-2021.

Global Lactobionic Acid Market Dynamics

The major driver for the market is its wide application as a bioactive component especially in medicine, tremendous demand in cosmeceuticals, and increased demand for biodegradable products. Lactobionic acid has great application in meat and meat products as well which has increased its demand in the food industry. Being a biodegradable acid it is proved to be environment-friendly which has triggered its importance in all sectors. The major restraint for the market is the high raw material cost and production cost. Lactobionic acid is obtained from lactose which is not feasible for industrial production due to its high cost. In addition, the low awareness among consumers is also affecting the market growth.

Global Lactobionic Acid Market Segmentation

Market segmentation by application type includes cosmetics, food, pharmaceuticals, medicals and others. Medicine segment consists of the largest market share followed by cosmeceuticals due to its use as a natural stabilizer in medical application. Lactobionic acid is considered to be safer and better tolerated than glycolic acid which has an alpha hydroxyl acid commonly used in cosmetics. Thus, lactobionic acid application in cosmeceutical is growing at a faster rate. Moreover, its application in the food segment is also growing at a fast rate due to its increased demand in meat products as it increases the water holding capacity of meat. Others market includes its application in feed additives and biopolymers.

Market segmentation according to geography includes North America, Europe, Asia-Pacific, South America and Africa. Europe and Asia-Pacific are the largest markets for lactobionic acid followed by North America. China is the largest exporter of lactobionic acid globally. The Asia-Pacific market is also growing at a fast rate.

Leaders in the Global Lactobionic Acid Market

Growing demand for sustainable bio-based products has created a good opportunity for lactobionic acid in the market. The key players in the market are Novozymes, Sigma-Aldrich, Wuxi Sigma Chemical Product Co. Ltd. and Hubei Yuancheng Technology amongst others. The major competitors prefer investment in research and development to improve the product quality and successful market strategies to maintain their position.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Dynamics
4.1 Drivers
4.1.1 Increased Demand in Various Applications as a Bioactive Component
4.1.2 Tremendous Demand in Cosmoceuticals
4.1.3 Growing Demand of Environment Friendly Biodegradable Products
4.2 Restraints
4.2.1 High Raw Material and Production Cost
4.2.2 Low Awareness among Consumers
4.3 Opportunities
4.3.1 Growing Sustainable Biobased Product Demand
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Application
5.1.1 Cosmetics
5.1.2 Food
5.1.3 Pharmaceuticals
5.1.4 Medical
5.1.5 Others
5.2 By Geography
5.2.1 North America United States Canada Mexico Others
5.2.2 Europe Spain UK France Germany Russia Italy Others
5.2.3 Asia-Pacific China India Japan Australia Others
5.2.4 South America Brazil Argentina Others
5.2.5 Africa South Africa Others
6. Competitive Landscape
6.1 Strategy Adopted by Key Players
6.2 Most Active Companies in the Past Five Years
6.3 Market Share Analysis
7. Company Profiles
7.1 Sandoz Biosugars
7.2 Hubei Yuancheng Technology Co., Ltd
7.3 Lonza
7.4 Novozymes
7.5 Sigma Aldrich
7.6 Reliable Biopharmaceutical
7.7 Bio-Sugars Technology
7.8 Hyper Chem
7.9 Simagchem
7.10 Hangzhou Dayang Chemical Industry Limited Company
7.11 Xia'n Sonwu Biotech Co. Ltd.
7.12 Wuxi Sigma Chemical Product Co. Ltd.
7.13 TCI Chemicals
8. Appendix
8.1 Disclaimer
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