Global Market Study on Tagatose: Increasing Usage in Dietetic Food Products to Drive Market Growth


Tagatose  Market
  • Published On : Feb-2020 |
  • Pages : 270 Pages |
  • Format : Tagatose  Market Tagatose  Market Tagatose  Market Tagatose  Market

According to World Health Organization, the number of obesity cases has tripled since 1975, and continues to increase at a higher rate. High sugar consumption is among the main factors contributing to obesity. Rising awareness about the adverse impact of the consumption of high calorie food, including severe diseases such as obesity and heart diseases, has led to the adoption of low carb and low calorie diets. Food manufacturers are using low-calorie sugar alternatives such as tagatose to offer products that fit within the requirements of these healthy diets. Furthermore, tagatose has a low glycemic index, which makes it suitable for use in dietetic foods. These factors are projected to drive the global tagatose market over the forecast period.

  • Damhert Nutrition, a tagatose-based manufacturer, introduced several low carb meal replacement products such as chocolate shakes and caramel shakes that contain tagatose.

'Food for Diabetics' Trend to Boost Demand for Tagatose

According to the World Health Organization, diabetes is one of the most common causes of death. Antidiabetic food products are rapidly gaining traction on a global scale, attributable to the rising cases of diabetes. This has led to a marked increase in the introduction of food products with an antidiabetic claim. Growing concerns regarding diabetes are influencing consumers to gradually move toward the consumption of antidiabetic food products. Between 2014 to 2018, global antidiabetic product launches registered an average annual growth of 39%. Food manufacturers are shifting from the use of sugar to the use of low-calorie sugar substitutes such as tagatose, which may lower the consumer’s blood sugar and insulin response. This antidiabetic property of tagatose also increases its use in the pharmaceuticals industry, thereby catalyzing the growth of the global tagatose market.

  • Damhert Nutrition offers a sugar-free chocolate pasta with the addition of tagatose. The product contains 41.5% d-tagatose with less caloric content, which makes it a perfect antidiabetic food product.

Regional Landscape of Global Tagatose Market

East and South Asia are projected to witness high growth rates in the global tagatose market during the forecast period of 2019-2029, attributable to increasing per-capita food expenditure coupled with rapid urbanization in these two regions. Increasing cases of diabetes and several heart diseases as a result of excess consumption of sugar have led to the adoption of tagatose in South Asia. East Asia is also expected to register higher consumption of sugar substitutes, including tagatose.

Europe and North America account for a significant market value share in the tagatose market, owing to the higher production outlook of tagatose in these regions. Europe has a large number of tagatose manufacturers as well as a stronger consumer base as compared to other region. Several companies in Europe also offers tagatose-based snacks and meals, which has increased tagatose consumption in this region. North America is also expected to hold noteworthy share in the global tagatose market, attributable to the positive consumer perception toward low-calorie sugar substitutes.

Analysts’ Viewpoint

The global tagatose market is witnessing substantial growth, with South Asia and East Asia anticipated to experience considerable growth during the forecast period of 2019-2029. Growing awareness regarding the health benefits of lowering the consumption of sugar and shifting to sugar alternatives are expected to contribute to the growth of global tagatose market in the foreseeable future.

Leading market players such as Damhert Nutrition NV, Ltd. and CJ Cheiljedang Corporation are strategically focusing on business expansion in overseas territories to strengthen their position in the global tagatose market. Increasing production capacity and improvement of supply chain are other strategies being adopted by key players in the global tagatose market.

Tagatose Market: Scope of the Report

The latest market report by Persistence Market Research on the global tagatose market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global tagatose market for the forecast period of 2019-2029. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global tagatose market. This market study contains exclusive insights into how the global tagatose market is anticipated to grow during the forecast period of 2019-2029.

The primary objective of the global tagatose market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with tagatose. It is very important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to enable readers to better understand the analysis and evaluation of the global tagatose market, and to discover lucrative opportunities in the market.

This report on the global tagatose market also provides an estimate of the global tagatose market size and corresponding revenue forecast carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the tagatose market. Furthermore, new and emerging players in the global tagatose market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global tagatose market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global tagatose market. All stakeholders in the global tagatose market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Tagatose Market

PMR’s report on the global tagatose market offers information divided into four segments - form, application, distribution channel, and region.

Form

Application

Distribution Channel

Region

Liquid

Food and Beverages

  • Confectionery
  • Dairy & Desserts
  • Snacks
  • Beverages

Business to Business

North America

Powder

Pharmaceuticals

Business to Consumer

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Retail

Latin America

Personal Care

Europe

Retail

South Asia

East Asia

Oceania

Middle East & Africa

Key Questions Answered in PMR’s Global Tagatose Market

  • Which region will hold the highest market share in the global tagatose market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global tagatose market?
  • Which are the global trends impacting the tagatose market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the tagatose market?
  • What is the market structure of the global tagatose market?

Global Tagatose Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global tagatose market and reach conclusions about the future growth factors of the tagatose market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions- North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Tagatose Market Report

  • Damhert Nutrition NV
  • CJ Cheiljedang Corporation
  • Bonumose LLC
  • Silver Fern
  • Santa Cruz Biotechnology, Inc.
  • TCI Chemicals (America) Pvt. Ltd. Almazaras de la Subbetica
  • Zhejiang Yixin Pharmaceutical Co., Ltd.
  • Living Fuel, Inc.
  • Sukrin
  • Richest Group
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