A recent market study published by FMI on the galactose offers a global industry analysis for 2016-2020 and opportunity assessment for 2021-2031. The study offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters, the growth prospects of the market are obtained with maximum precision.

he global galactose market topped US$ 26.1 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to surpass US$ 45.1 Bn by 2031. Growing health consciousness among consumers is spurring demand for natural food components, resulting in increasing sales of plant-derived galactose. Considering this, FMI projects applications of galactose in the food industry to increase at a 4.8% CAGR through 2031. The study also forecasts the overall sales in the galactose market to grow by 5.6% between 2021 and 2031.

Request a report sample to gain compressive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13980

Key Points Covered in Demand for Galactose Market Study

• Galactose Market Growth Forecast for 2021-2031
• Historical Galactose Sales Analysis for 2016-2020
• Category-wise Assessment and Identification of Leading Segment
• Remunerative Regional Galactose Market
• Profiles of Leading Players and Market Share Analysis
• Galactose Market Competition Mapping
• COVID-19 Impact Analysis on Galactose Market

Owing to high demand, manufactures operating in the packaged food sector are incorporating galactose as an alternative to chemically processed sugar. In addition to this, expansion of the vegan population, and high focus on wellness-based products will continue fueling sales of galactose over the forecast period.

Rising awareness regarding usage of artificial and synthetic sugar in food and beverages spurring demand for galactose. Consumption of synthetic sugar results in health disorders such as high blood pressure, excessive weight gain, and increased risk of heart related disorders. In response to this, manufacturers are investing in research and development activities to launch plant-derived galactose in the market.

“Increasing demand for ingredients derived from organic sources and transparency of ingredients list in food products will continue fueling sales of galactose over the forecast period,” says the FMI analyst.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13980

Key Takeaways:

• Crystal type of galactose is estimated to hold over half of the market in 2031.
• Based on product type, D-Galactose is expected to account for lion’s share of the total galactose sales in 2021.
• In terms of source, plant-derived sugar is anticipated to command the galactose market share.
• Sales of galactose in India are projected to rise at a robust 8.1% CAGR over the forecast period.
• The U.S. is estimated to account for more than 81% of the North America market in 2021.

The U.K. is projected to dominate the Europe galactose market with a market share of 14.8% in 2021.

Competitive Landscape

Some of the leading companies offering galactose are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., 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., and others. For instance:

• In March 2018, Kyowa Kirin Asia Pacific Pte. Ltd. announced the establishment of its Australian subsidiary, known as Kyowa Kirin Australia Pty. Ltd. With this establishment, the company aims to launch Kyowa Hakko Kirin’s products in the country.

Purchase The Report @ https://www.futuremarketinsights.com/checkout/13980

Table Of Content

1. Market Introduction

2. Consumer Behaviour and Attitude Measurement

3. Galactose Market Background

4. Global Galactose Industry Outlook

5. Global Galactose Market – Pricing Analysis

6. Global Galactose Market Analysis by Region (2021-2031)

7. Global Galactose Market Analysis Source (2021-2031)

8. Global Galactose Market Analysis by Product Type (2021-2031)

9. Global Galactose Market Analysis by Form (2021-2031)

10. Global Galactose Market Analysis by End Use (2021-2031)

11. North America Galactose Market Analysis

12. Latin America Galactose Market Analysis

13. Europe Galactose Market Analysis

14. Asia Pacific Galactose Market Analysis

15. Oceania Galactose Market Analysis

16. Japan Galactose Market Analysis

17. Middle East and Africa Galactose Market Analysis

18. Competitive Assessment

19. Galactose Vendor Analysis

20. Assumptions and Acronyms Used