Global Trehalose Market estimated to cross USD 304 million by the end of 2025
Market overview:
The Global Trehalose Market was valued at USD 242.7 million in 2019 and is projected to reach USD 304.4 million by 2022, at a CAGR of 5.0% from 2020 to 2025. Trehalose is a non-reducing sugar that resembles sucrose in its chemical structure and characteristics. It is commonly found in natural products like mushrooms, honey, baker's yeast. Some of these sources in dry form are known to contain almost 20% trehalose. Trehalose has numerous applications in food industry because of its distinct features. Besides the pharmaceutical, food and beverage industries, trehalose is also used in cosmetic products as skin moisturizers and anti-aging creams.
Recent developments:
In February 2019, Seelos Therapeutics, Inc., a clinical biopharmaceutical company announced a final agreement with Bioblast Pharma Ltd., under which Seelos acquired all commercial and development rights. Bioblast's proprietary trehalose solution for 90 mg (trehalose), as well as the existing inventory of the drug, which should be sufficient to meet current research needs.
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Market Drivers and Restrains:
The main driver of the global market for trehalose is the increasing demand for this product, as it is used in the food and beverage industry, the pharmaceutical industry and the cosmetic industry. This trehalose has specific properties, such as the ability to maintain and retain a wide range of biological molecules, which makes it ideal for use as a food preservative and can be used to increase the shelf life of products such as snacks and cakes. Because the taste is sweet, trehalose is increasingly used in the pharmaceutical industry for the production of tablets, syrups, and other medicines with a pleasant smell and taste. It is expected to drive the growth of the trehalose market. Trehalose is also used in anti-aging creams, skin creams, and hair shampoos to protect the skin and provide nutrition, which is a market driver for trehalose that is believed to further stimulate the global trehalose market over the outlook period. More and more consumers are looking for a convenient frozen dessert snack that offers health benefits, tastes good, and provides a healthy snacking experience. In addition, some of the main factors driving the market are the increase in disposable income, the introduction of products with a longer shelf life, the increase in impulse purchases and the high demand for frozen products.
Factors affecting market growth include flavors that include sweetness, fat content, and texture. This, in turn, is revitalizing the global trehalose market, due to its high consumption of frozen products. However, the availability of substitutes is a factor that can slow down the demand for trehalose and limit the growth of the target market during the projection period. The trend towards sweeteners and low-calorie beverages is a consistent trend observed in the global trehalose industry.
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Market Segmentation:
On a quality basis, the food grade segment is expected to represent a significant revenue share in the target market over the forecast period.
Among applications, the food and beverage segment is expected to record a significant revenue share of the global trehalose market during the foreseen period. This can be attributed to a growing demand for food coupled with an increase in the world population.
Impact of COVID-19 on the Trehalose Market
The Covid-19 pandemic has had a major impact on end-user industries such as food and beverage. The closure of the manufacturing units as part of the global and national closure resulted in lower sales in the trehalose market. The same trend is expected to continue for some, as people stick to certain varieties of food to fight the pandemic. Although restaurants and bars may be closed, people are still eating and high-quality food still needs to be produced, shipped and delivered to the customer. Food safety remains the top concern for all manufacturers, but should now include measures to stop the coronavirus. Normal food handling procedures should be sufficient to combat COVID-19, provided social distancing and other measures are followed. However, after the coronavirus recovery, the demand for trehalose is expected to increase with its applications.
Geographical Segmentation:
The North American trehalose market makes a significant contribution in terms of revenue to the target market and is expected to maintain its dominance over the forecast period. The rising call for trehalose in the food and pharmaceutical industries owing to the rapid urbanization is supposed to improve revenue growth in the North American business during the forecast period. The trehalose market in Asia-Pacific is likely to grow at a faster rate in the target market during the foreseen period, due to the presence of key players in countries in the region. Increase in disposable income and purchasing power of individuals, along with population growth in the countries of the region, which in turn increases demand from the food and beverage, pharmaceutical and cosmetic industries is anticipated to drive the growth of the trehalose market in Asia-Pacific in future.
Key market players:
Some of the major key players in the global trehalose market include Hayashibara Co., Ltd, Life Sciences Advanced Technologies, Cargill Inc, and Shanghai Danfan Network Science & Technology Co., Ltd. among others.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
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