According to the research report titled, ‘Global Galactose Market Size study, by Material Type (Animal Based, and Plant Based), and Application (Food & Beverage, Sports, Cosmetics, Pharmaceuticals, and Others): Global Opportunity Analysis and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global galactose market is expected to amass notable gains during 2021-2027.
 

Rising consumption of ready-to-eat meals driven by widespread adoption of hectic and busy lifestyle coupled with escalating product demand in food & beverage sector are propelling the growth of global galactose market.
 

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For the unversed, galactose is another form of sugar predominantly used as dietary supplement. It is extensively used as sweetening agent in biscuits, cakes, and dairy products.
 

In addition, increasing investment activities in the field, high demand for clean label and certified food & beverage products, and the ability of galactose to fight against ailments and disorders like cancer, obesity, heart diseases etc. are augmenting industry outlook. Citing an instance, the World Health Organization reduced the sugar recommendation from 10% and 5% in 2014 to lower the risk of obesity, cancer, diabetes, among others.
 

On the flipside, high cost associated with the raw materials needed in galactose production is likely to hamper the remuneration scope of global galactose market in the ensuing years.
 

By material type, the marketplace is split into plant based and animal based, whereas, bifurcated based on application includes pharmaceuticals, cosmetics, food & beverage, sports, and others.
 

Considering the geographical ambit, North America, Europe, Latin America, and Asia Pacific are the major benefactors to the expansion curve of this business sphere. Among these, North America and Europe presently hold a substantial share in the overall market accreditable to surging cognizance for healthy food and diet.
 

Meanwhile, Asia Pacific market is projected to showcase lucrative progression trends over 2021-2027 owing to increasing per capita income in emerging nations like India and China.
 

Key players defining the competitive hierarchy of global galactose market are Alfa Aesar, Ardilla Technologies OY, Vector Laboratories Inc., MAK Wood Inc., Sigma-Aldrich Chemicals Private Limited, GlycoMatrix Inc., Sisco Research Laboratories Pvt. Ltd., Jennewein Biotechnologie GmbH, Iris Biotech GmbH, and DuPont de Nemours Inc.