The ‘Global Tagatose Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global tagatose market trends, assessing the market on the basis of its segments like type, form, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.7%
It is projected that throughout the forecast period, the growing consumer shift toward sugar replacements and increased consumer knowledge of the health benefits of reducing sugar intake would both support the global expansion of the tagatose market. Consuming sucrose replacements, such as stevia, aspartame, sorbitol, maltitol, neotame, and D-tagatose, involves zero or very few calories, and also does not cause tooth decay or cavities.
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The market for tagatose is growing rapidly as a result of the rising demand for such sugar replacements from diabetes patients and the general consumer population’s growing health consciousness. Tagatose’s antidiabetic function expands its application in the pharmaceutical industry, spurring the expansion of the global market for tagatose. The increased discouragement of high consumption of sugary foods and beverages, is also anticipated to benefit the market.
Food producers use fortified low-calorie sugar substitutes like tagatose to create foods that adhere to guidelines for healthy diets. Tagatose also has a low glycaemic index, making it appropriate for use in dietetic cuisine. These elements are anticipated to fuel the growth of the global tagatose market during the forecast period.
Tagatose Industry Definition and Major Segments
Tagatose is a crystalline ketohexose sugar that occurs naturally in the D-form in a number of dairy products and gum from the Sterculia Setigera tree in western Africa. It is manufactured commercially from lactose and utilised as a humectant, stabilising agent, texturiser, sweetener, and formulation aid. It is considered to be safe and healthy for consumption.
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Based on type, the market can be bifurcated into:
On the basis of form, the market can be segmented into:
Based on application, the market can be divided into:
- Food and Beverages
- Personal Care
On the basis of region, the market can be segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Tagatose Market Trends
The growing popularity of low-calorie diets is helping the overall tagatose market since people are becoming more aware of the negative consequences of consuming high-calorie foods on a regular basis, which can lead to conditions like obesity and heart disease. As a result, food producers are manufacturing goods that contain low-calorie sugar replacements like tagatose. Due to its low glycaemic index, tagatose is suited for use in low-calorie foods. Additionally, unlike sugar, it is non-cariogenic, which is further contributing to the market growth.
Asia Pacific is anticipated to offer the market significant growth prospects over the forecast period. Due to rising per capita food expenditures and increasing urbanisation in East and South Asia, in particular, the market for tagatose is predicted to grow at significant rates in these two regions. The development of the market for tagatose in South and East Asia has also been influenced by the rising rates of diabetes and other cardiovascular disorders brought on by an excess of sugar consumption. The market in the Asia Pacific region is expanding due to rising awareness of sugar substitutes like tagatose.
Europe and North America account for a significant portion of the tagatose market due to the higher tagatose intake in these areas. Europe has a relatively high user base and a significant number of tagatose producers, further supporting the growth of the market in the region.
Key Market Players
The major players in the global tagatose market report are:
- Damhert Nutrition NV
- CJ Cheiljedang Corporation
- Bonumose LLC
- Santa Cruz Biotechnology, Inc.
- Zhejiang Yixin Pharmaceutical Co., Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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