I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-3
Quantitative Techniques & Analytics I-3
Product Scope and Segmentation I-3
II. 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-3
Types of Lactose II-3
Edible Grade Lactose II-3
Pharmaceutical Grade Lactose II-3
Product Description II-3
Inhalation-Grade Lactose II-4
Table 2: Standard Components in Edible and Pharmaceutical
Grade Lactose (% Share) II-4
Production Process II-4
Structure II-4
Table 3: Physical Properties of Lactose II-5
Table 4: Typical Composition of Raw Milk: Water, Milkfat,
Protein, Lactose, and Minerals (includes corresponding
Graph/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-17
DMV-Fonterra Excipients Acquires Domo Pharma II-17
Milk Specialties Acquires Protient Facility II-17
Sheffield Bio-science Introduces LubriTose II-17
Pfizer Acquires Wyeth II-17
ABF Merges two Business Divisions II-18
DAVISCO Foods and MEGGLE Group to Collaborate to Produce
Pharmaceutical Lactose II-18
Finlandia Adopts New Corporate Name II-18
Volac Expands UK Facility II-19
Chr Hansen/Novozymes Strategic Alliance Launches Product that
Converts 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-23
Bayerische Milchindustrie eG II-23
Davisco Foods International Inc. (USA) II-23
DMV International Pharma (The Netherlands) II-23
DFE Pharma (Germany) II-23
FrieslandCampina (The Netherlands) II-24
Glanbia Foods Inc. (USA) II-24
Hilmar Ingredients (US) II-24
Leprino Foods (US) II-24
Molkerei MEGGLE Wasserburg GmbH & Co. KG II-24
Saputo 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 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-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 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 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 in
Pharmaceuticals 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-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 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-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 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 2009 through
2017(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 in
Confectionery 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-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-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 2003 through 2008(includes corresponding
Graph/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 Use
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2003 through 2008(includes
corresponding 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-7
Market Analytics III-7
Table 31: Canadian 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-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 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-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 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-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-13
A.Market Analysis III-13
Dairy Sector III-13
Prospects of Dairy Ingredients III-13
B.Market Analytics III-14
Table 37: European Recent Past, Current & Future Analysis
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 2009 through 2017 (includes corresponding
Graph/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 by
Geographic Region - Percentage Breakdown for Value Sales for
France, Germany, United Kingdom, Italy, Spain, Russia and
Rest 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 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-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-20
Market Analytics III-20
Table 43: French 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-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 Use
Segment - Percentage Breakdown of Value Sales for
Pharmaceuticals, Food, and Confectionery and Other End Use
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/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 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-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-26
Market Analytics III-26
Table 49: Italian 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-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 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-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 Use
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2003 through 2008(includes
corresponding 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-33
Market Analytics III-33
Table 55: Spanish 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-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 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-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 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-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-39
A.Market Analysis III-39
Scandinavia III-39
B.Market Analytics III-39
Table 61: Rest of Europe 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-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 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-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 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-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-46
Market Analytics III-46
Table 67: Middle East 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-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 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-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 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-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 15
Canada 2
Europe 15
France 1
Germany 6
Rest of Europe 8
Asia-Pacific (Excluding Japan) 7
Latin America 1
------------------------------------------
