The global trehalose market is enhanced by the increasing need of the product in the food and beverage industry
Covid-19 Impact & Market Status
Due to travel prohibitions and business closures, the COVID-19 has had a negative impact on economies and businesses in a number of countries. The closure of various plants and factories has had a severe influence on global supply chains, negatively affecting manufacturing, delivery schedules, and product sales in the worldwide market. Most sectors, with the exception of medical supplies and life support items, had been severely hit, and trehalose market had also been severely impacted and the growth of the market was hampered due to the reduced demand for trehalose during this period as everything came to a standstill.
The report discusses the current demand, consumer behavior, recent changes in customer buying preferences, the influencing forces, and winning strategies for companies. The report provides global finding of the global trehalose market industry but also at some extent important regional insights and nuances. The report highlights and discusses the leading global global trehalose market market companies, key products and services not just in few regions and countries but across all the key regions and countries across the world.
Food And Beverage Segment To Earn Highest Revenue
The food and beverage segment currently earns the highest revenue share in the market and is predicted to continue in the same way during the analysis period especially due to the high demand for frozen food items. Many consumers are looking for a simple frozen dessert-based snack that has health benefits, is tasty, and provides a healthy snacking experience. Flavours, such as sweetness, fat content, and texture, are variables influencing market growth.
Food Services Segment To Remain Atop
Industrial service and food service are the two end users of the trehalose market. The offline distribution channel had the most market share. The food services segment currently earns the highest revenue share in the market and is predicted to continue to rise at a rapid pace during the analysis period especially due to the high demand for trehalose in various food items. The different properties of trehalose like ability to withstand high heat, sweetness makes it useful to be used in the food industry.
North America Expected To Dominate
North America currently earns the highest revenue share in the trehalose market and it is predicted to dominate the market during the analysis period due to the increased urbanization in the region, rising demand for trehalose in the food and beverage and pharmaceutical industries is likely to fuel revenue growth in the North America region over the forecast period. Due to the presence of prominent players in the region, the Asia Pacific trehalose market is expected to expand at a higher rate in the industry examined throughout the projection period. Individuals' disposable income and spending power are rising in tandem with the region's population growth, resulting in increased demand for food and beverage, medications, and cosmetics.
Furthermore, global trehalose market expansion is expected to be aided by the use of this product in the pharmaceuticals and cosmetics industry due to its various useful properties.
Trehalose helps to keep the freshness, texture, and flavour of food and beverage products, hence it's widely utilised in the food and beverage business. Trehalose has anti-inflammatory effects, making it potentially effective in the treatment of inflammatory bowel disease, Crohn's disease, and ulcerative colitis. It can also be used as a food ingredient to improve the texture of foods such as ice cream and yoghurt by preventing sugar crystallisation during storage at low temperatures. It has moisturising characteristics that help keep skin hydrated and supple by limiting water loss from the skin's surface layer, therefore it can be utilised as a cosmetic ingredient.
These factors collectively influence rapid adoption of trehalose fostering the global trehalose market. The global trehalose market is predicted to grow form USD 242.7 million in 2021 to about USD 330.5 million by 2029 at a Compound Annual Growth Rate (CAGR) of 5 percent during the forecast period 2019-2029.
Trehalose can be found in a variety of natural items, including mushrooms, honey, and baker's yeast. Some of these dry sources have been found to contain nearly 20% trehalose. Trehalose has a wide range of applications in food due to its unique properties such as temperature stability, acid resistance, and non-reducing properties. Trehalose is an excellent sugar for freeze drying medicinal items and as a component in dried, baked, and processed foods. Trehalose is an excellent sweetening agent for nutritional drinks and other energy beverages.
However, the availability of substitutes for trehalose is a huge restraint that can hamper the growth of the trehalose market.
Furthermore, increasing population and changing food habits increasing the demand for frozen food such as snacks, rising disposable income, introduction of products that have longer shelf-life, changing lifestyles, and demand for other food products are anticipated to be growth opportunity to the global trehalose market.
The global trehalose market has intense competition due to the high demand and consists of several big corporations Cargill Inc., Hayashibara Co, Fenchem, Penta Manufacturer, The Ingredient House, Cargill, Life Sciences Advanced Technologies, HAYASHIBARA, and Shanghai Danfan Network Science & Technology among others.
Latest Innovations in the Global Trehalose Market: A Snapshot
- On November 26th, 2021, Hayashibara's trehalose was highlighted on NHK WORLD, the international service of Japan's public broadcasting agency NHK. Trehalose was introduced as one of the important elements in the fight against food waste around the world. Not only does it describe how trehalose is currently being utilised in the agricultural industry and how it promises to open up new possibilities in our life, but it also discusses how it prevents food deterioration and improves freezing resistance.
Trehalose Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 330.5 million.|
|Growth Rate||CAGR of 5% during 2021-2028|
|Segment Covered||Application, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Hayashibara Co, Fenchem, Penta Manufacturer, The Ingredient House, Cargill, Life Sciences Advanced Technologies, HAYASHIBARA.|
Key Segments of the Global Trehalose Market
Application Overview, 2019-2029 (USD Million)
- Food & Beverage
End User Overview, 2019-2029 (USD Million)
- Industrial service
- Food Service
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa