Market Overview:
The global galactose market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for animal-based and plant-based galactose products across different applications. Galactose is a monosaccharide sugar present in milk and other dairy products. It is also found in small quantities in fruits and vegetables. Animal-based galactose products are obtained from milk, while plant-based galactose products are obtained from plants such as soybeans, maize, and sugar beets. Galactose finds application in baby food, beverage, confectionery, functional drinks, drugs & nutraceuticals, and other applications.
Product Definition:
A type of sugar (monosaccharide) that is found in milk and other dairy products. Galactose is important for the body to make lactose, the sugar found in milk.
Animal Based:
Animal based is the raw material or source from which other chemicals can be synthesized. The most common animal sources are milk, egg, meat and fish. Animal-based products account for a significant share in the chemical industry owing to their high content of useful ingredients such as proteins & fats and low cost compared to plant-based products.
The global animal based market size was valued at USD 731 million in 2016.
Plant Based:
Plant-based or vegan food is edible material produced by plants, especially fruits, vegetables and grains. Plant based products are considered non-toxic and they do not contain animal products such as meat, eggs or milk. The global plant based foods market is expected to witness significant growth over the forecast period owing to increasing health concerns among people across the world. Increasing demand for convenience food is also one of the key factors driving this market globally.
Application Insights:
The global galactose market, by application, is segmented into baby food, beverage, confectionery products including chocolate and sugar-free chocolates, functional drinks and drugs. The beverages segment dominated the overall market in 2017 owing to increasing demand for functional drinks with health benefits among consumers globally. Moreover, growing demand for sports nutrition supplements to promote lean muscle growth and improve stamina is expected to drive the product demand in this application over the forecast period.
Functional drinks are gaining popularity among consumers as they provide nutritional benefits along with physical energy improvement without any side effects or adverse effects on human body. This has increased consumer disposable income thus enabling them spend more on better quality food items that offer nutritional value along with improved taste which includes adding natural ingredients such as galactose syrup.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high product demand from countries such as China and India. In addition, rising disposable income coupled with increasing population has resulted in an increased demand for packaged food products which will drive industry growth further.
Europe accounted for a significant share of revenue in 2017 due to high lactose intolerance rates and growing vegan population especially among younger consumers who are adopting a plant-based diet across the region.
Growth Factors:
- Increasing demand for lactose-free food products: The global market for lactose-free food products is projected to grow at a CAGR of more than 7% from 2016 to 2021. This growth can be attributed to the increasing awareness about the health benefits of consuming lactose-free foods among consumers worldwide. Galactose is a major component of milk and milk products, and hence, it is present in most lactose-free food products. Thus, the growing demand for lactose-free foods is expected to drive the growth of the galactose market in the coming years.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes and obesity has been rising steadily across the world in recent years. These diseases are often associated with high blood sugar levels, which can be controlled by reducing intake of glucose and other sugars including galactose. Thus, rising prevalence of chronic diseases is likely to create significant demand for galactose in coming years as it helps control blood sugar levels effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Galactose Market Research Report
By Type
Animal Based, Plant Based
By Application
Baby Food, Beverage, Confection, Functional Drinks, Drugs, Other
By Companies
CJ Cheiljedang, FCAD Group, Danisco, YONEYAMA YAKUHIN KOGYO, FCAD, CJ Cheiljedang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Galactose Market Report Segments:
The global Galactose market is segmented on the basis of:
Types
Animal Based, Plant Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Baby Food, Beverage, Confection, Functional Drinks, Drugs, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CJ Cheiljedang
- FCAD Group
- Danisco
- YONEYAMA YAKUHIN KOGYO
- FCAD
- CJ Cheiljedang
Highlights of The Galactose Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Animal Based
- Plant Based
- By Application:
- Baby Food
- Beverage
- Confection
- Functional Drinks
- Drugs
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Galactose Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Galactose is a simple sugar molecule that is found in milk, yogurt, and other dairy products. It is also found in some fruits and vegetables.
Some of the major players in the galactose market are CJ Cheiljedang, FCAD Group, Danisco, YONEYAMA YAKUHIN KOGYO, FCAD, CJ Cheiljedang.
The galactose market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Galactose Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Galactose Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Galactose Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Galactose Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Galactose Market Size & Forecast, 2020-2028
4.5.1 Galactose Market Size and Y-o-Y Growth
4.5.2 Galactose Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Animal Based
5.2.2 Plant Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Baby Food
6.2.2 Beverage
6.2.3 Confection
6.2.4 Functional Drinks
6.2.5 Drugs
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Galactose Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Galactose Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Animal Based
9.6.2 Plant Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Baby Food
9.10.2 Beverage
9.10.3 Confection
9.10.4 Functional Drinks
9.10.5 Drugs
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Animal Based
10.6.2 Plant Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Baby Food
10.10.2 Beverage
10.10.3 Confection
10.10.4 Functional Drinks
10.10.5 Drugs
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Animal Based
11.6.2 Plant Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Baby Food
11.10.2 Beverage
11.10.3 Confection
11.10.4 Functional Drinks
11.10.5 Drugs
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Animal Based
12.6.2 Plant Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Baby Food
12.10.2 Beverage
12.10.3 Confection
12.10.4 Functional Drinks
12.10.5 Drugs
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Animal Based
13.6.2 Plant Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Baby Food
13.10.2 Beverage
13.10.3 Confection
13.10.4 Functional Drinks
13.10.5 Drugs
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Galactose Market: Competitive Dashboard
14.2 Global Galactose Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CJ Cheiljedang
14.3.2 FCAD Group
14.3.3 Danisco
14.3.4 YONEYAMA YAKUHIN KOGYO
14.3.5 FCAD
14.3.6 CJ Cheiljedang
