Rising Consumer Preference for Organic and Natural Ingredients Stimulating Demand for Tagatose
Rockville, Dec. 17, 2023 (GLOBE NEWSWIRE) -- The global Tagatose Market is estimated at a value of US$ 162.1 million in 2024, as per a new study published by Fact.MR, a market research and competitive intelligence provider. Worldwide demand for tagatose is predicted to rise at a CAGR of 6% through 2034.
Increasing popularity of tagatose as a food sweetener is set to stimulate its application as a no- or low-calorie sugar substitute. The prebiotic properties of tagatose are predicted to make it a preferable choice among consumers with gut health issues. The low glycemic index of tagatose is forecasted to stimulate its adoption as an alternative to conventional sugar.
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Key Segments of Tagatose Industry Research Report
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Significant expansion of the food & beverages industry is predicted to stimulate demand for tagatose. In addition, increasing inclination to low-carbohydrate diets along with other health-related trends are projected to drive sales of tagatose as one of the popular sugar substitutes. The majority of consumers are becoming conscious of the potential risks associated with the consumption of artificial sweeteners, thus stimulating sales of tagatose.
Key Takeaway from Market Study
- The global tagatose market is estimated at US$ 162.1 million in 2024.
- Worldwide demand for tagatose is forecasted to reach a market valuation of US$ 289.2 million by the end of 2034.
- The global market is predicted to advance at a CAGR of 6% from 2024 to 2034.
- East Asia is forecasted to account for 24.1% share of global market revenue by 2034.
- Sales of tagatose in the United States are predicted to rise at a CAGR of 5.4% and reach US$ 48.8 million by the end of 2034.
- Demand for powder-based tagatose is predicted to increase at 6% CAGR and reach a market valuation of US$ 163 million by the end of 2034.
“Rising popularity of sugar-free products and awareness about the benefits of functional food consumption is predicted to stimulate demand for tagatose across geographies,” says a Fact.MR analyst.
Easy Storage and Transportation of Powdered Tagatose
The powdered form of tagatose is predicted to hold 56.2% share of the global market by 2034. This inclination is attributed to the easy storage and transportation of powdered form in comparison to liquid. In addition, the versatile application of powdered tagatose is also fueling its demand.
Key Market Players
Leading manufacturers of tagatose are Damhert Nutrition NV, Bonumose LLC, CJ Cheijedang Corporation, Silver Fern, Living Fuel, Inc., Richest Group, Sukrin, Santa Cruz Biotechnology, Inc., Tokyo Chemical Industry Co., Ltd., Zhejiang Cruz Biotechnology, Inc., and Arla Foods. Market players are concentrating on getting approvals from respective regulatory bodies to gain a competitive edge in this business.
For instance:
- In 2022, Bonumose got Health Canada and USDA approvals for the rare and low-glycemic sugar tagatose.
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| Report Attribute | Details |
| Value Projection (2034) | USD 289.2 Million |
| Growth Rate (2024-2034) | 6 % CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
The global market is anticipated to witness the food and beverages segment claiming a significant 33.2% share by 2034. The projected surge in demand for tagatose is attributed to its functional properties, such as moisture retention and the extension of shelf life, which enhance its appeal in the food and beverages industry. Additionally, the consumption of tagatose contributes to improved stability and quality of food and beverages.
The anticipated rise in demand for tagatose is further driven by its low glycemic index and minimal impact on blood sugar levels, making it a sought-after sweetener among individuals with diabetes. Its popularity within this consumer base is expected to grow. The adoption of tagatose by food and beverage companies plays a key role in formulating products tailored to meet the specific health conditions or dietary requirements of consumers.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the tagatose market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on form (liquid, powder), application (food & beverages [confectionery, dairy & desserts, snacks, and beverages], pharmaceuticals, personal care, retail), and distribution channel (business to business, business to consumer [hypermarkets/supermarkets, specialty retail, online retail]), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
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