Increasing Prevalence Of Constipation To Boost The Lactulose Market Growth
Lactulose Market By Type (Crystalline Lactulose, Liquid Lactulose By End User (Pharmaceuticals, Food Ingredient and Other) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030
The global Lactulose Market is estimated to be valued at US$ 169.2 million in 2021 and is expected to exhibit a CAGR of 3.6 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Lactulose is a kind of laxative known as an osmotic laxative. It is broken down in the bowel into particles that abstract liquid out from the body and into the bowel to smoothen poo and make it convenient to flow. People with hepatic disorders can often lead to some problems related to brain.
Competitive Landscape:
Key players involved in the growth of global lactulose for market are Abbott Morinage, Biofac, Inalco, FreseniusKabi, DandongKangfu, Relax and Milei
Market Key Drivers:
Increasing prevalence of constipation is expected to augment the growth of global Lactulose Market. For instance, as per NCBI around 16% of the global population suffer from constipation annually.
Rising elderly population and increasing gastrointestinal diseases is projected to propel the growth of global lactulose market. For instance, as per WHO, around 40% of the global population suffer from gastrointestinal disorder.
The Food Stabilizer Market in Europe and North America is anticipated to grow as a result of increased rates of foodborne illnesses and growing knowledge of the benefits of food stabilisers' antibacterial properties.
Covid-19 Impact Analysis:
The Covid-19 outbreak has adversely affected the growth of global lactulose for market due to the imposition of strict lockdown. The surge in cases has led to the delay in the treatment of others disease. The pandemic has led to the disruption in expansion of healthcare infrastructure and interrupted the supply chain. The halt in manufacturing and production units also impeded the market growth.
Key Takeaways:
The global Lactulose Market is anticipated to exhibit a CAGR of 3.6 % during the forecast period owing to the rising cases of hepatic encephalopathy. For instance, as per NIH, around 35 to 40% of the global population suffer from encephalopathy.
Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global lactulose Market due to rising gastrointestinal diseases, hepatic encephalopathy and constipation. For instance, as per NIH, over 4 million people in U.S suffer from frequent constipation.
Comments
Post a Comment