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Global Tagatose Market to Grow at a CAGR of 4.7% During 2020-2025, Driven by the Rising Health Consciousness Among Consumers

According to a new report by EMR titled, ‘Global Tagatose Market Report and Forecast 2020-2025’, the global market for tagatose is expected to grow at a CAGR of about 4.7% in the forecast period of 2020-2025.

The global tagatose industry is primarily being driven by the rising demand for sugar alternatives. The main factor that contributes to obesity is high sugar consumption. Thus, the increasing awareness about the harmful consequences of high-calorie food intake, including extreme health conditions like obesity and heart disorders, has contributed to low-carbon and low-calorie diets being adopted. D-tagatose is a popular type of the product among the consumers due to numerous favourable factors. The health benefits of D-tagatose include weight loss, no glycaemic effects, anti-plaque, and non-cariogenic, anti-halitosis, prebiotic, as well as anti-biofilm properties. It is also used during organ transplants, for taste enhancements, better pregnancies and foetal development, obesity control, as well as for controlling the symptoms of type 2 diabetes, hyperglycaemia, anaemia, and haemophilia. These factors have been pushing the demand for D-tagatose and, thus, are pushing the market growth.

Tagatose is widely being demanded among the consumers, especially diabetic consumers, however, it is relatively expensive due to its manufacturing process, and that acts as a hindrance to the market growth. Many key players are working on reducing the production cost in order to make it accessible to more consumers. According to an article issued by the Institute of Food Technologists or IFT in January 2020, new and advanced bioprocesses are likely to minimise the cost to produce the low-calorie sweetener. This development is likely to boost the growth of the market in the forecast period. The availability of the product on various online platforms is also boosting the market growth further. For example, a variety of tagatose sweeteners are available on Amazon (NASDAQ: AMZN), which is boosting their sales, thus, further propelling the market growth.

Market Analysis by Type, Form, Application, and Region:

  • The significant tagatose types available in the market are L-tagatose and D-tagatose.
  • The forms of the product can be divided into liquid and powder.
  • Tagatose finds wide applications in food and beverages, pharmaceutical, personal care, and retail, among others.
  • The regional markets of the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising awareness among the consumers about the health benefits of the product is driving the market growth.
  • The growing demand for the product as a substitute for sugar is expected to aid the growth of the market in the coming years.
  • The rising cases of diabetes are also catalysing the market growth, with patients suffering from diabetes increasingly looking for health sugar-substitutes.
  • Various governmental and health authorities are encouraging their populations to control their sugar intake because of the harmful effects of sugar, thus, boosting the tagatose market further.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for tagatose for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the types, forms, applications, and major regions of tagatose.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global tagatose market are Damhert Nutrition NV, CJ Cheiljedang Corporation, Bonumose LLC, Santa Cruz Biotechnology, Inc., and Zhejiang Yixin Pharmaceutical Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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