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Key Takeaways of Tagatose Market Study
The confectionery and beverages segment is projected to exhibit a substantial growth rate in global tagatose market, owing to the higher demand for tagatose as a functional ingredient for beverage and confectionery products.
The powder form of tagatose dominates the global tagatose market, and accounts for a higher volume and value share as compared to the liquid form. This is attributable to the higher utilization of powder tagatose as compared to the liquid form.
The business to business segment is expected to emerge as a prominent segment in the global tagatose market, supported by the greater utilization of tagatose in the foodservice sector.
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Tagatose Market: Competitive Landscape
The tagatose market is consolidated in nature, and primarily dominated by a small number of manufacturers. Players in the tagatose market are adapting their market strategies in accordance with the current trends in the market. Leading manufacturers are using strategies such as strategic collaborations, and are strengthening their supply chain with a focus on global expansion. Additionally, these companies are targeting the growing number of health-conscious consumers to further increase their consumer base.
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