Global Lactose Industry

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Global Lactose Industry

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This report analyzes the worldwide markets for Lactose in US$ Million by the following End-Use Applications: Pharmaceuticals, Food & Beverages, Confectionery, and Others (Cosmetics, Detergents, Surfactants etc). The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets. The report profiles 32 companies including many key and niche players such as Bayerische Milchindustrie eG, Davisco Foods International, Inc., DMV International Pharma, DFE Pharma, FrieslandCampina, Glanbia Foods Inc., Hilmar Ingredients, Leprino Foods, Molkerei MEGGLE Wasserburg GmbH & Co. KG, and Saputo Inc., Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONSStudy Reliability and Reporting Limitations I-1Disclaimers I-2Data Interpretation & Reporting Level I-3Quantitative Techniques & Analytics I-3Product Scope and Segmentation I-3II. EXECUTIVE SUMMARY

1. GLOBAL MARKET OVERVIEW AND ANALYSIS II-1

Outlook II-1

Increasing Number of Inhalation Products Boost Inhalation

Grade Lactose II-1

Lactose Market in Retrospect II-1

Future Prospects in the Global Lactose Market II-2

Global Lactose Production II-2

Table 1: Global Lactose Production by Geographic Region: 2011

(includes corresponding Graph/Chart) II-2

2. PRODUCT OVERVIEW II-3Types of Lactose II-3Edible Grade Lactose II-3Pharmaceutical Grade Lactose II-3Product Description II-3Inhalation-Grade Lactose II-4Table 2: Standard Components in Edible and PharmaceuticalGrade Lactose (% Share) II-4Production Process II-4Structure II-4Table 3: Physical Properties of Lactose II-5Table 4: Typical Composition of Raw Milk: Water, Milkfat,Protein, Lactose, and Minerals (includes correspondingGraph/Chart) II-5

Table 5: Lactose Content in Milk - Human Milk and Low-Fat

Cow's Milk (Per Liter) (includes corresponding Graph/Chart) II-5

Table 6: Standard Composition in Different Milk Products(Percentage Share) II-6

Table 7: Comparative Levels of Sweetness of Food Elements-

Aspartame, Fructose, Hydrolysed, sucrose, HFCS (55%

fructose), Sucrose, HFCS (42% fructose) a, Glucose,

Hydrolysed lactose, Galactose, Glucose syrup 97 DE,

High-conversion syrup 65 DE, Maltose, Glucose syrup 42 DE,

Maltose syrup 44 DE, Lactose, Raffinose, and Glucose syrup 11

DE (Sweetness Comparison Considering Solids and Weight) II-6

End-Uses II-7

Pharmaceuticals II-7

Food & Beverages II-7

Applications in Food Sector II-7

Benefits II-8

Confectionery II-8

Table 8: Typical Composition of a Milk Chocolate - Sucrose,

Cocoa Butter, Non Fat Dry Milk, Butteroil, Cocoa Liquor,

Lecithin, and Vanillin (includes corresponding Graph/Chart) II-8

Other Uses II-9

Lactose Derivatives II-9

Lactitol II-9

Lactulose II-9

Galacto-oligosaccharides (GOS) II-9

Permeate II-10

Mineral-Concentrated Whey II-10

Milk Calcium II-10

Hydrolyzed Lactose Syrup II-10

Tagatose II-11

Lactobionic Acid II-11

Lactose: Primary By-Product of Whey II-11

Whey and its Applications II-11

Functional Features of Whey Products II-11

Lactose II-11

Whey Powders II-12

WPC -80 II-12

WPC-34 II-12

Milk Calcium II-12

Sweet Whey II-12

Bioactive Proteins II-13

Demineralized Whey Products II-13

Whey Protein Isolates II-13

Milk Protein Concentrate II-13

Table 9: Standard Composition in Milk Protein Concentrate

(MPC) (Percentage Share) (includes corresponding

Graph/Chart) II-14

Specialty Whey Protein Ingredients II-14

Table 10: Standard Composition in Whey Protein Concentrate

(WPC) (Percentage Share) (includes corresponding

Graph/Chart) II-14

A Focus on Lactose Intolerance II-15

Inability to Digest Lactose II-15

Table 11: Lactose Absorption Levels in Select Groups

(includes corresponding Graph/Chart) II-15

More Prevalent in Asians, Africans and Latin Americans II-15

Lactose Intolerance Among Infants II-16

Forms of Lactose Intolerance II-16

Pathophysiology II-16

3. RECENT INDUSTRY ACTIVITY II-17DMV-Fonterra Excipients Acquires Domo Pharma II-17Milk Specialties Acquires Protient Facility II-17Sheffield Bio-science Introduces LubriTose II-17Pfizer Acquires Wyeth II-17ABF Merges two Business Divisions II-18DAVISCO Foods and MEGGLE Group to Collaborate to ProducePharmaceutical Lactose II-18Finlandia Adopts New Corporate Name II-18Volac Expands UK Facility II-19Chr Hansen/Novozymes Strategic Alliance Launches Product thatConverts Lactose to LBA II-19

4. STRATEGIC CORPORATE DEVELOPMENTS - A HISTORIC PERSPECTIVE BUILDER II-20

Friesland Foods and Campina Merge Operations II-20

China-Biotics Signs Contract with Jiangxi Lijia for Supply of

Probiotics II-20

Fonterra to Construct New Plant II-20

Kesko Food to Introduce Pirkka Dairy Products II-20

MaggieMoo's International Unveils New Range of Lactose Free

Products II-21

Skanemejerier to Purchase Stake in Logismose Mejeri II-21

Nestle to Reinforce its Presence in India II-21

Friesland Foods Domo Opens Borculo Plant II-21

Friesland Foods Domo Chooses IMCD II-21

DMV-Fonterra Excipients Opens New Research Center II-22

DMV International Acquires Inovatech Argentina II-22

DMV International Enters into Joint Venture with Vitalus II-22

Campina and Fonterra Enter into Joint Venture II-22

5. FOCUS ON SELECT PLAYERS II-23Bayerische Milchindustrie eG II-23Davisco Foods International Inc. (USA) II-23DMV International Pharma (The Netherlands) II-23DFE Pharma (Germany) II-23FrieslandCampina (The Netherlands) II-24Glanbia Foods Inc. (USA) II-24Hilmar Ingredients (US) II-24Leprino Foods (US) II-24Molkerei MEGGLE Wasserburg GmbH & Co. KG II-24Saputo Inc. (Canada) II-25

6. GLOBAL MARKET PERSPECTIVE II-26

Table 12: World Recent Past, Current & Future Analysis for

Lactose by Geographic Region - US, Canada, Japan, Europe,

Asia-Pacific, (excluding Japan), Middle East and Latin America

Markets Independently Analyzed with Annual Sales Figures in

US$ Million for Years 2009 through 2017(includes corresponding

Graph/Chart) II-26

Table 13: World Historic Review for Lactose by GeographicRegion - US, Canada, Japan, Europe, Asia-Pacific, (excludingJapan), Middle East and Latin America Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2003 through 2008(includes corresponding Graph/Chart) II-27

Table 14: World 15-Year Perspective for Lactose by Geographic

Region - Percentage Breakdown of Value Sales for US, Canada,

Japan, Europe, Asia-Pacific, (excluding Japan), Middle East

and Latin America Markets for Years 2003, 2011 & 2017(includes

corresponding Graph/Chart) II-28

Table 15: World Recent Past, Current & Future Analysis forLactose in Pharmaceuticals by Geographic Region - US, Canada,Japan, Europe, Asia-Pacific, (excluding Japan), Middle Eastand Latin America Markets Independently Analyzed with AnnualSales Figures in US$ Million for Years 2009 through 2017(includes corresponding Graph/Chart) II-29

Table 16: World Historic Review for Lactose in Pharmaceuticals

by Geographic Region - US, Canada, Japan, Europe,

Asia-Pacific,(excluding Japan), Middle East and Latin America

Markets Independently Analyzed with Annual Sales Figures in

US$ Million for Years 2003 through 2008(includes corresponding

Graph/Chart) II-30

Table 17: World 15-Year Perspective for Lactose inPharmaceuticals by Geographic Region - Percentage Breakdown ofValue Sales for US, Canada, Japan, Europe, Asia-Pacific,(excluding Japan), Middle East and Latin America Markets forYears 2003, 2011 & 2017 (includes corresponding Graph/Chart) II-31

Table 18: World Recent Past, Current & Future Analysis for

Lactose in Food by Geographic Region - US, Canada, Japan,

Europe, Asia-Pacific, (excluding Japan), Middle East and Latin

America Markets Independently Analyzed with Annual Sales

Figures in US$ Million for Years 2007 through 2015 (includes

corresponding Graph/Chart) II-32

Table 19: World Historic Review for Lactose in Food byGeographic Region - US, Canada, Japan, Europe, Asia- Pacific,(excluding Japan), Middle East and Latin America MarketsIndependently Analyzed with Annual Sales Figures in US$Million for Years 2003 through 2008(includes correspondingGraph/Chart) II-33

Table 20: World 15-Year Perspective for Lactose in Food by

Geographic Region - Percentage Breakdown of Value Sales for

US, Canada, Japan, Europe, Asia-Pacific, (excluding Japan),

Middle East and Latin America Markets for Years 2003, 2011 &

2017(includes corresponding Graph/Chart) II-34

Table 21: World Recent Past, Current & Future Analysis forLactose in Confectionery by Geographic Region - US, Canada,Japan, Europe, Asia-Pacific, (excluding Japan), Middle Eastand Latin America Markets Independently Analyzed with AnnualSales Figures in US$ Million for Years 2009 through2017(includes corresponding Graph/Chart) II-35

Table 22: World Historic Review for Lactose in Confectionery

by Geographic Region - US, Canada, Japan, Europe,

Asia-Pacific, (excluding Japan), Middle East and Latin America

Markets Independently Analyzed with Annual Sales Figures in

US$ Million for Years 2003 through 2008(includes corresponding

Graph/Chart) II-36

Table 23: World 15-Year Perspective for Lactose inConfectionery by Geographic Region - Percentage Breakdown ofValue Sales for US, Canada, Japan, Europe, Asia-Pacific,(excluding Japan), Middle East and Latin America Markets forYears 2003, 2011 & 2017 (includes corresponding Graph/Chart) II-37

Table 24: World Recent Past, Current & Future Analysis for

Lactose in Other End-Uses by Geographic Region - US, Canada,

Japan, Europe, Asia-Pacific, (excluding Japan), Middle East

and Latin America Markets Independently Analyzed with Annual

Sales Figures in US$ Million for Years 2009 through 2017

(includes corresponding Graph/Chart) II-38

Table 25: World Historic Review for Lactose in Other End-Usesby Geographic Region - US, Canada, Japan, Europe,Asia-Pacific, (excluding Japan), Middle East and Latin AmericaMarkets Independently Analyzed with Annual Sales Figures inUS$ Million for Years 2003 through 2008(includes correspondingGraph/Chart) II-39

Table 26: World 15-Year Perspective for Lactose in Other

End-Uses by Geographic Region - Percentage Breakdown of Value

Sales for US, Canada, Japan, Europe, Asia- Pacific, (excluding

Japan), Middle East and Latin America Markets for Years 2003,

2011 & 2017 (includes corresponding Graph/Chart) II-40

III. MARKET

1. THE UNITED STATES III-1

A.Market Analysis III-1

Dairy Industry amid the Downturn III-1

Market Snapshots III-1

Lactose Intolerance in the US III-2

Table 27: Lactose Intolerance by Racial Group in the US

(includes corresponding Graph/Chart) III-3

B.Market Analytics III-4

Table 28: US Recent Past, Current & Future Analysis for

Lactose by End Use Segment - Pharmaceuticals, Food,

Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-4

Table 29: US Historic Review for Lactose by End Use Segment- Pharmaceuticals, Food, Confectionery and Other End UseMarkets Independently Analyzed with Annual Sales Figures inUS$ Million for Years 2003 through 2008(includescorresponding Graph/Chart) III-5

Table 30: US 15-Year Perspective for Lactose by End Use

Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 & 2017 includes corresponding

Graph/Chart) III-6

2. CANADA III-7Market Analytics III-7Table 31: Canadian Recent Past, Current & Future Analysisfor Lactose by End Use Segment - Pharmaceuticals, Food,Confectionery and Other End Use Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2009 through 2017 (includes corresponding Graph/Chart) III-7

Table 32: Canadian Historic Review for Lactose by End Use

Segment - Pharmaceuticals, Food, Confectionery and Other End

Use Markets Independently Analyzed with Annual Sales Figures

in US$ Million for Years 2003 through 2008 (includes

corresponding Graph/Chart) III-8

Table 33: Canadian 15-Year Perspective for Lactose by EndUse Segment - Percentage Breakdown of Value Sales forPharmaceuticals, Food, Confectionery and Other End UseMarkets for Years 2003, 2011 & 2017(includes correspondingGraph/Chart) III-9

3. JAPAN III-10

Market Analytics III-10

Table 34: Japanese Recent Past, Current & Future Analysis

for Lactose by End Use Segment -Pharmaceuticals, Food,

Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-10

Table 35: Japanese Historic Review for Lactose by End UseSegment - Pharmaceuticals, Food, Confectionery and Other EndUse Markets Independently Analyzed with Annual Sales Figuresin US$ Million for Years 2003 through 2008 (includescorresponding Graph/Chart) III-11

Table 36: Japanese 15-Year Perspective for Lactose by End

Use Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 and 2017includes corresponding

Graph/Chart) III-12

4. EUROPE III-13A.Market Analysis III-13Dairy Sector III-13Prospects of Dairy Ingredients III-13B.Market Analytics III-14Table 37: European Recent Past, Current & Future Analysisfor Lactose by Geographic Region - France, Germany, UK,Italy, Spain, Russia and Rest of Europe MarketsIndependently Analyzed with Annual Sales Figures in US$Million for Years 2009 through 2017 (includes correspondingGraph/Chart) III-14

Table 38: European Historic Review for Lactose by Geographic

Region - France, Germany, UK, Italy, Spain, Russia and Rest

of Europe Markets Independently Analyzed with Annual Sales

Figures in US$ Million for Years 2003 through 2008 (includes

corresponding Graph/Chart) III-15

Table 39: European 15-Year Perspective for Lactose byGeographic Region - Percentage Breakdown for Value Sales forFrance, Germany, United Kingdom, Italy, Spain, Russia andRest of Europe Markets for the Years 2003, 2011 &2017(includes corresponding Graph/Chart) III-16

Table 40: European Recent Past, Current & Future Analysis

for Lactose by End Use Segment - Pharmaceuticals, Food,

Confectionery, and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-17

Table 41: European Historic Review for Lactose by End UseSegment - Pharmaceuticals, Food, Confectionery, and OtherEnd Use Markets Independently Analyzed with Annual SalesFigures in US$ Million for Years 2003 through 2008 (includescorresponding Graph/Chart) III-18

Table 42: European 15-Year Perspective for Lactose by End

Use Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 and 2017(includes corresponding

Graph/Chart) III-19

4a. FRANCE III-20Market Analytics III-20Table 43: French Recent Past, Current & Future Analysis forLactose by End Use Segment - Pharmaceuticals, Food,Confectionery and Other End Use Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2009 through 2017(includes corresponding Graph/Chart) III-20

Table 44: French Historic Review for Lactose by End Use

Segment - Pharmaceuticals, Food, Confectionery and Other End

Use Markets Independently Analyzed with Annual Sales Figures

in US$ Million for Years 2003 through 2008(includes

corresponding Graph/Chart) III-21

Table 45: French 15-Year Perspective for Lactose by End UseSegment - Percentage Breakdown of Value Sales forPharmaceuticals, Food, and Confectionery and Other End UseMarkets for Years 2003, 2011 & 2017 (includes correspondingGraph/Chart) III-22

4b. GERMANY III-23

Market Analytics III-23

Table 46: German Recent Past, Current & Future Analysis for

Lactose by End Use Segment - Pharmaceuticals, Food,

Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-23

Table 47: German Historic Review for Lactose by End UseSegment - Pharmaceuticals, Food, Confectionery and Other EndUse Markets Independently Analyzed with Annual Sales Figuresin US$ Million for Years 2003 through 2008(includescorresponding Graph/Chart) III-24

Table 48: German 15-Year Perspective for Lactose by End Use

Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 & 2017(includes corresponding

Graph/Chart) III-25

4c. ITALY III-26Market Analytics III-26Table 49: Italian Recent Past, Current & Future Analysis forLactose by End Use Segment - Pharmaceuticals, Food,Confectionery and Other End Use Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2009 through 2017 (includes corresponding Graph/Chart) III-26

Table 50: Italian Historic Review for Lactose by End Use

Segment - Pharmaceuticals, Food, Confectionery and Other End

Use Markets Independently Analyzed with Annual Sales Figures

in US$ Million for Years 2003 through 2008 (includes

corresponding Graph/Chart) III-27

Table 51: Italian 15-Year Perspective for Lactose by End UseSegment - Percentage Breakdown of Value Sales forPharmaceuticals, Food, Confectionery and Other End UseMarkets for Years 2003, 2011 & 2017 (includes correspondingGraph/Chart) III-28

4d. THE UNITED KINGDOM III-29

A.Market Analysis III-29

Lactose Intolerance III-29

Regulatory Environment III-29

B.Market Analytics III-30

Table 52: UK Recent Past, Current & Future Analysis for

Lactose by End Use Segment - Pharmaceuticals, Food,

Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-30

Table 53: UK Historic Review for Lactose by End Use Segment- Pharmaceuticals, Food, Confectionery and Other End UseMarkets Independently Analyzed with Annual Sales Figures inUS$ Million for Years 2003 through 2008(includescorresponding Graph/Chart) III-31

Table 54: UK 15-Year Perspective for Lactose by End Use

Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 & 2017 (includes corresponding

Graph/Chart) III-32

4e. SPAIN III-33Market Analytics III-33Table 55: Spanish Recent Past, Current & Future Analysis forLactose by End Use Segment- Pharmaceuticals, Food,Confectionery and Other End Use Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2009 through 2017 (includes corresponding Graph/Chart) III-33

Table 56: Spanish Historic Review for Lactose by End Use

Segment - Pharmaceuticals, Food, Confectionery and Other End

Use Markets Independently Analyzed with Annual Sales Figures

in US$ Million for Years 2003 through 2008 (includes

corresponding Graph/Chart) III-34

Table 57: Spanish 15-Year Perspective for Lactose by End UseSegment - Percentage Breakdown of Value Sales forPharmaceuticals, Food, Confectionery and Other End UseMarkets for Years 2003, 2011 & 2017 (includes correspondingGraph/Chart) III-35

4f. RUSSIA III-36

Market Analytics III-36

Table 58: Russian Recent Past, Current & Future Analysis for

Lactose by End Use Segment - Pharmaceuticals, Food,

Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017(includes corresponding Graph/Chart) III-36

Table 59: Russian Historic Review for Lactose by End UseSegment - Pharmaceuticals, Food, Confectionery and Other EndUse Markets Independently Analyzed with Annual Sales Figuresin US$ Million for Years 2003 through 2008 (includescorresponding Graph/Chart) III-37

Table 60: Russian 15-Year Perspective for Lactose by End Use

Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 & 2017 (includes corresponding

Graph/Chart) III-38

4g. REST OF EUROPE III-39A.Market Analysis III-39Scandinavia III-39B.Market Analytics III-39Table 61: Rest of Europe Recent Past, Current & FutureAnalysis for Lactose by End Use Segment - Pharmaceuticals,Food, Confectionery and Other End Use Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2009 through 2017 (includes corresponding Graph/Chart) III-39

Table 62: Rest of Europe Historic Review for Lactose by End

Use Segment - Pharmaceuticals, Food, Confectionery and Other

End Use Markets Independently Analyzed with Annual Sales

Figures in US$ Million for Years 2003 through 2008 (includes

corresponding Graph/Chart) III-40

Table 63: Rest of Europe 15-Year Perspective for Lactose byEnd Use Segment - Percentage Breakdown of Value Sales forPharmaceuticals, Food, Confectionery and Other End UseMarkets for Years 2003, 2011 & 2017 (includes correspondingGraph/Chart) III-41

5. ASIA-PACIFIC III-42

A.Market Analysis III-42

Outlook III-42

India III-42

Entry of Australian Dairy Majors to Transform Market Dynamics III-42

Korea III-42

New Zealand III-42

B.Market Analytics III-43

Table 64: Asia-Pacific Recent Past, Current & Future

Analysis for Lactose by End Use Segment - pharmaceuticals,

Food, Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-43

Table 65: Asia-Pacific Historic Review for Lactose by EndUse Segment - Pharmaceuticals, Food, Confectionery and OtherEnd Use Markets Independently Analyzed with Annual SalesFigures in US$ Million for Years 2003 through 2008(includescorresponding Graph/Chart) III-44

Table 66: Asia-Pacific 15-Year Perspective for Lactose by

End Use Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 & 2017 (includes corresponding

Graph/Chart) III-45

6. THE MIDDLE EAST III-46Market Analytics III-46Table 67: Middle East Recent Past, Current & Future Analysisfor Lactose by End Use Segment - Pharmaceuticals, Food,Confectionery and Other End Use Markets IndependentlyAnalyzed with Annual Sales Figures in US$ Million for Years2009 through 2017 (includes corresponding Graph/Chart) III-46

Table 68: Middle East Historic Review for Lactose by End Use

Segment - Pharmaceuticals, Food, Confectionery and Other End

Use Markets Independently Analyzed with Annual Sales Figures

in US$ Million for Years 2003 through 2008(includes

corresponding Graph/Chart) III-47

Table 69: Middle East 15-Year Perspective for Lactose by EndUse Segment - Percentage Breakdown of Value Sales forPharmaceuticals, Food, Confectionery and Other End UseMarkets for Years 2003, 2011 & 2017 (includes correspondingGraph/Chart) III-48

7. LATIN AMERICA III-49

Market Analysis III-49

Table 70: Latin American Recent Past, Current & Future

Analysis for Lactose by End Use Segment - pharmaceuticals,

Food, Confectionery and Other End Use Markets Independently

Analyzed with Annual Sales Figures in US$ Million for Years

2009 through 2017 (includes corresponding Graph/Chart) III-49

Table 71: Latin American Historic Review for Lactose by EndUse Segment - Pharmaceuticals, Food, Confectionery and OtherEnd Use Markets Independently Analyzed with Annual SalesFigures in US$ Million for Years 2003 through 2008(includescorresponding Graph/Chart) III-50

Table 72: Latin American 15-Year Perspective for Lactose by

End Use Segment - Percentage Breakdown of Value Sales for

Pharmaceuticals, Food, Confectionery and Other End Use

Markets for Years 2003, 2011 & 2017 (includes corresponding

Graph/Chart) III-51

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 32 (including Divisions/Subsidiaries - 40)

------------------------------------------Region/Country Players------------------------------------------The United States 15Canada 2Europe 15France 1Germany 6Rest of Europe 8Asia-Pacific (Excluding Japan) 7Latin America 1------------------------------------------

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