Global Galactose Market

Galactose Market Analysis and Opportunity Assessment By Source (Plant Derived, Synthetic), Product Type (D-Galactose, L-Galactose), Form (Powder, Liquid, Crystals), End-Use (Food, Beverage, Pharmaceutical, Personal Care, Biofuel Industry, Animal Feed Industry), By Region and by Country

Global Galactose Market will be worth US$ 10.0 billion by 2030, growing at a 9.8% CAGR during the forecast period

Category: Chemicals & Materials

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ID: CVC-00130-CH

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Format: PDF+Excel Dataset

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Published Date: June 2022

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Pages: 302

Galactose Market Size Analysis

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.

Galactose is an important component in biological and food studies since it is used as an energy source by many pathogens. Galactose is also utilized in clinical studies to study diseases such as hepatitis C, hepatitis cancer, and diabetes.

 

Market Dynamic

What are the causes driving the rise in demand for Galactose?

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.

Companies in the global galactose market are working to implement new and improved methods of producing plant-based Galactose. The development of innovative galactose manufacturing processes is expected to push the industry during the forecast period.

What are the opportunities in the Galactose Market?

Growing demand for clean labels and certified food & beverage items is expected to drive galactose sales. Galactose aids in the prevention of stroke, obesity, and cancer, which will drive up demand throughout the forecast period.

Growing consumer health consciousness drives demand for natural food components, resulting in increased sales of plant-derived Galactose.

 

Galactose Market

 

Segment-Wise Analysis

Why is Plant-derived galactose expected to grow at the fastest CAGR?

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. Plant-derived galactose provides rapid energy and aids in treating numerous neuron-related disorders.

Why is Food & Beverage segment likely to grow the most rapidly throughout the forecast period?

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. Growing customer desire for healthy food items leads to more galactose use in the food and beverage industry.

Galactose is non-GMO, gluten-free, and low-calorie, winning people’s trust and increasing galactose sales in the food and beverage business.

Why is the Personal Care segment cementing its global dominance in the Galactose Market?

Galactose is highly anti-inflammatory and probiotic, making it perfect for exfoliating and nourishing skincare products. Galactose is a chemical exfoliant that belongs to the PHA family.

Galactose also aids in the reduction of the appearance of dark spots and hyperpigmentation, and unlike other chemical acids like AHAs, it does not increase sun exposure. The product has antioxidant capabilities when swallowed and applied topically to the skin, which implies it can counter the impact of increased vulnerability to damaging free radicals, such as pollution, climate, central heating, and UV exposure. The product is useful for persons who have sensitive skin or other skin disorders.

Why is D-Galactose regarded as the most health-promoting sugar?

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.

Why is North America such a significant market for Galactose??

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.

Sales of plant-derived sugar are expanding in the region, owing to an increasing vegan population. The growth of the food and beverage industry in North America is increasing the potential for Galactose.

Which country has promising opportunities in the North American  Galactose market?

In 2021, the United States accounted for more than 78% of the galactose market in North America. Galactose sales in the United States are expected to account for the majority of demand in the North American market by 2030, growing at a 3.3% CAGR.

 

Competition Analysis

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.

A list of some of the critical suppliers present in the market 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
  • Sisco Research Laboratories
  • GlycoMatrix
  • Sigma-Aldrich
  • MAK Wood
  • Vector Laboratories
  • Ardilla Technologies
  • Alfa Aesar

 

Market 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)

 

Global Galactose Market 2022-2030: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • 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.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

 

Research Scope Details
Forecast period 2022-2030
Historical data available for 2017-2021
Market analysis USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Souce, Product Type, Form, End-Use, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request

Frequently Asked Questions

In the forecast period between 2022 and 2030, the market is expected to grow at a CAGR of 5.5%.

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.

Major global Galactose Market players 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

The galactose market is hampered by raw material price volatility over the forecast period.

The North American region is expected to account for the largest share of market revenue in the Global Galactose market

The Chinese galactose market is expected to account for the majority of sales in the Asia Pacific.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Galactose Market Value (US$ Bn) and Volume (Tons) Analysis
    • Global Market Value (US$ Bn) Analysis, 2017 – 2030
    • Incremental $ Opportunity Index, 2022-2030
    • Global Market Volume (Tons) Analysis, 2017 – 2030
  6. Global Galactose Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Application W.R.T. Product Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Potential Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global Galactose Market 2017 – 2030 By Source
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Source [Value (US$ Bn) and Volume (Tons) Analysis]
      • Plant-Derived Sugar
      • Synthetic Sugar
    • Market Attractiveness Analysis by Source
  11. Global Galactose Market 2017 – 2030 by Product Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Product Type [Value (US$ Bn) and Volume (Tons) Analysis]
      • D-Galactose
      • L-Galactose
    • Market Attractiveness Analysis by Product Type
  12. Global Galactose Market 2017 – 2030 by Form
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Form [Value (US$ Bn) and Volume (Tons) Analysis]
      • Powder
      • Liquid
      • Crystals
    • Market Attractiveness Analysis by Form
  13. Global Galactose Market 2017 – 2030 by End-Use
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By End-Use [Value (US$ Bn) and Volume (Tons) Analysis]
      • Food
        • Bakery Goods
        • Sweet Spreads
        • Confectionary
        • Dairy Products
        • Canned Food
      • Beverage
        • Carbonated Drinks
        • Fruit Drink and Juice
        • Powdered Drinks and Mixers
        • Alcoholic Beverages
      • Pharmaceutical
      • Personal Care
      • Biofuel Industry
      • Animal Feed Industry
    • Market Attractiveness Analysis by End-Use
  14. Global Galactose Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Region [Value (US$ Bn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  15. North America Galactose Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Bn) and Volume (Tons) Analysis]
      • By Country
        • S.
        • Canada
      • By Source
      • By Product Type
      • By Form
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Product Type
      • By Form
      • By End-Use
  1. Latin America Galactose Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Bn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Source
      • By Product Type
      • By Form
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Product Type
      • By Form
      • By End-Use
  1. Europe Galactose Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Bn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Source
      • By Product Type
      • By Form
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Product Type
      • By Form
      • By End-Use
  1. Asia-Pacific Galactose Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Bn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Source
      • By Product Type
      • By Form
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Product Type
      • By Form
      • By End-Use
  1. Middle East Galactose Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Bn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • A.E.
        • Rest of the Middle East
      • By Source
      • By Product Type
      • By Form
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Product Type
      • By Form
      • By End-Use
  1. Africa Galactose Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Bn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Source
      • By Product Type
      • By Form
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Product Type
      • By Form
      • By End-Use
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • ChemView’s Competitor Positioning Matrix
  3. Company Profiles
    • Thermo Fisher Scientific Inc.
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • 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
    • Sisco Research Laboratories
    • GlycoMatrix
    • Sigma-Aldrich
    • MAK Wood
    • Vector Laboratories
    • Ardilla Technologies
    • Alfa Aesar
  4. Assumptions and Acronyms

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