The new report by Expert Market Research titled, ‘Global Tagatose Market Size, Share, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global tagatose market, assessing the market based on its segments like types, forms, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Tagatose Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.7%
The heightening demand for tagatose in the food and beverage industry as an alternative to sugar is driving the market growth. In addition to this, the increasing inclination of the working-class population towards health and fitness is creating awareness about the product. In addition to this, the increasing application of the product in the personal care industry owing to the increasing sales of personal care products is further bolstering the demand for tagatose.
In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the high population and increasing economic growth across India and China.
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Tagatose Industry Definition and Major Segments
Tagatose is defined as a type of crystalline ketohexose, which is low in carbohydrate. It is widely applied in the food and beverage industry as a sweetener and is manufactured from fructose in dairy products. It is also utilised as stabiliser, texturiser, humectant, and formulation aid, among others, in various end-use industries.
On the basis of type, the market can be segmented into:
- L-Tagatose
- D-Tagatose
Based on form, the market has been segmented into:
- Liquid
- Powder
By application, the market has been segmented into:
- Food and Beverages
- Pharmaceutical
- Personal Care
- Retail
- Others
The regional markets for sweet potato flour include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Tagatose Market Trends
The key trends in the tagatose market include the growing expansion of the e-commerce industry, which is propelling the sales of major downstream products of tagatose such as personal care and food items. Meanwhile, the growing research and development activities in the pharmaceutical industry are likely to be the crucial trends in the market, which are anticipated to generate a high demand for tagatose.
Moreover, the increasing awareness about the nutritional benefits and low side-effects of D- tagatose is likely to be another major trend in the market. The market growth is likely to be aided by the rising disposable income and rapid urbanisation across the emerging economies.
Key Market Players
The major players in the market are Damhert Nutrition NV, CJ Cheiljedang Corporation, Bonumose LLC, Santa Cruz Biotechnology, Inc., and Zhejiang Yixin Pharmaceutical Co., Ltd., among others. 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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