Rare Sugar Market Share Analysis, Forecast, 2023–2032

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Rare Sugar Market Size to Cross USD 1.5 Bn by
2032
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Overview of Rare Sugar Market

• The rare sugar market is expected to showcase
  massive growth through 2032, owing to the
  increasing consumption of dietary supplements,
  especially in Europe. The rising inclination of
  consumers towards high-quality supplements and
  the high growth opportunities for rare
  sugar-based dietary supplements in European
  economies is expected to drive market expansion
  in the future.
• A paradigm shift to low-fat and low-calorie meals
  owing to the growing cognizance among the young
  population to stay fit, will bolster the market
  expansion in the future.
• The competitive landscape of the rare sugar
  industry is highly fragmented. The key market
  players are constantly engaging in partnerships,
  mergers, and acquisitions and launching new
  products to stay ahead in the market. To cite an
  instance, in 2022, Tate Lyle, one of the
  leading global providers of food and beverage
  ingredients and solutions, launched ERYTESSE
  Erythritol, a new addition to its sweetener
  portfolio. As per reliable reports, the latest
  addition will help the companies meet consumer
  demand for healthier, lower-calorie, and reduced
  sugar products, while further expanding Tate
  Lyle's position as the world leader.

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• The tagatose segment is slated to exhibit over 6
  CAGR through 2032. The growth can be credited to
  the expanding product applications in
  pharmaceutical food formulations, including
  medication applications and clinical trials.
  Besides, tagatose is also gaining traction for
  its ability to increase the stability in foods
  beverages. The rising prevalence of diabetes
  worldwide is expected to further boost the
  product demand in the near future.
• The cosmetic and personal care segment is
  estimated to capture USD 185 million market share
  by 2032. The growth can be attributed to the
  rising inclination towards the use of natural
  cosmetics and personal care products, as a result
  of the increasing consciousness among customers
  about the negative impacts of synthetic cosmetic
  components on the environment and the human body.

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• The Asia-Pacific rare sugar market is expected to
  hold approximately 6.5 market share during
  2023-2032. The rising disposable incomes and
  changing perceptions around dermatological
  aspects of skin care are estimated to bolster the
  regional market landscape over the next ten
  years. In addition, the mounting adoption of rare
  sugar solutions by the industry players in the
  region for the production of luxury cosmetics is
  estimated to propel the regional market share
  throughout the estimated timeframe.
• Notable participants in the Rare Sugar market
  include Tate Lyle, Douglas Laboratories,
  International Flavors Fragrances Inc.,
  Matsutani Chemical Industry, zuChem, CJ
  CheilJedang, Bonumose, Inc., Samyang Corporation,
  and Ingredion.

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