Galactose Market will be worth US$ 42.1 Bn by 2030 and will create an incremental $ opportunity of US$ 14.7 in the next 8 years: Says ChemView Consulting

According to a research survey conducted by ChemView Consulting, in 2022, the Global Galactose Market was worth US$ 27.4 Bn and is expected to grow at a CAGR of 5.5% over the forecast period. The market is expected to hit US$ 42.1 Bn by 2030 end.

Increasing galactose applications in different end-use sectors such as pharmaceutical, food and beverage, health and personal care, cosmetics, and nutritional supplements are expected to drive market expansion in the future years.

 

Galactose Market 2017-2030: Report Key Highlights:

  • Detailed information on factors that will assist Global Galactose growth during the next eight years
  • Assessment of the historical and current Global Galactose Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the Global Cosmetic Ingredients across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/galactose-market/

Key Takeaways

By Source: Plant-derived sugar source is expected to account for approximately 75% of the total galactose market share in 2030. The growing desire for natural and healthful culinary ingredients encourages manufacturers to add plant-derived sugars, which drives sales.

By Product Type: The benefits of D-galactose, such as increased calcium assimilation and absorption, faster wound healing, reduced inflammation, and avoidance of eye cataracts, are pushing its usage in the food and beverage, pharmaceutical, and personal care industries.

By End-Use: Galactose applications in the food & beverage industries make up most of its market. Galactose sales in the food business will exceed $2.9 billion by 2030. Its consumption in the food business is expected to rise at a 4.7% CAGR until 2030.

By Region: Total galactose sales in North America are estimated to increase significantly through the forecast period. Because of the booming health-conscious population in North America, the demand for Galactose is growing tremendously.

 

Competition Summary

Leading players in the global galactose market are spending on R&D to introduce new goods and services to the market. Furthermore, manufacturers are developing strategic collaborations with end-users and regional distributors to increase consumer demand.

Key companies covered in the market study are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., Suven Life Sciences Ltd., Nacalai Tesque Inc, Cayman Chemical Company, Inc., Anhui HeGeng Biotech Engineering Co., LTD., Tereos Starch & Sweeteners s.a.s, Cambridge Isotope Laboratories, Inc., Zhejiang Yixin Pharmaceutical Co., Ltd., DuPont, Iris Biotech, Jennewein Biotechnologie and Sisco Research Laboratories

 

Segments Covered in Report

By Source:

  • Plant-Derived Sugar
  • Synthetic Sugar

Product Type:

  • D-Galactose
  • L-Galactose

By Form:

  • Powder
  • Liquid
  • Crystals

By End-Use:

  • Food
  • Bakery Goods
  • Sweet Spreads
  • Confectionary
  • Dairy Products
  • Canned Food
  • Beverage
  • Carbonated Drinks
  • Fruit Drink and Juice
  • Powdered Drinks and Mixers
  • Alcoholic Beverages
  • Pharmaceuticals
  • Personal Care
  • Biofuel Industry
  • Animal Feed Industry

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

About ChemView Consulting’s Chemicals & Materials Domain

ChemView Consulting’s chemicals & materials domain provides unique, reliable, and in-depth analysis of the chemicals and materials business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes bulk, fine, specialty, petrochemicals, innovative materials, composites, and nanotechnology, focusing on “green alternatives,” recycling, and renewable technology advances. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for chemical manufacturers, research institutes, channel partners, and government agencies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide chemicals & materials, oil & gas, and alternate energy clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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