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.

Overall, the rare sugar market is segmented in terms of product, application, and region.

Considering the product, 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.

Based on application, 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.

Regionally, 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.