Allulose Market is expected at USD 220 million in 2021 and is anticipated to the extent of an over of USD 122.7 Million by the end of the assessment period. The Allulose Market is estimated to experience reasonable growth to record a CAGR of 13.4% throughout the estimated period (2021-2026).
Allulose is also known as D-psychose or D-allulose, and it is a low-calorie monosaccharide sugar. Allulose is a type of sweetener that contains low-energy monosaccharide sugar that is found in small amounts in products. Allulose is about 70% sweet compared to sucrose. Allulose has been shown to be a healthy ingredient with benefits such as improved insulin resistance, hypoglycemic controls, and enhancement and formation of antioxidants in a person's body. Health-conscious people in the urban area change their preference towards allulose. Allulose is approved by the US Food and Drug Administration in food products for its safety.
Recent Developments
The Ingredion manufacturing plant in Mexico has come online. San Juan del Río is a place where it is located, a two-hour drive north side of Mexico City. Also the plant is the company’s first in Latin America.
Market Drivers and Restraints:
Regular consumption of high-calorie sugar has a negative impact on health and can lead to obesity or even diabetes. The imbalance in food intake and the resulting imbalance in energy after the digestion of these consumed foods increases the risk of heart disease, high blood pressure, stroke, nonalcoholic fatty liver disease, and other health conditions. Consumers in the recent era are turning to healthy foods, such as healthy snacks, due to the increasing emphasis on health and the need to manage the total amount of calories consumed as a whole. Therefore, increasing awareness among people around the world about the consumption of low-calorie sugar and the benefits associated with consuming these types of sugar is expected to drive the growth of the market for allulose during the forecast period. With consumers' increasing demand for healthy foods, food manufacturers around the world are increasingly focusing on developing food products that provide health benefits and satisfy good taste. Allulose is known to have an energy of around 0.2 kcal / g and is also known to improve the time profile with an initial sweetness similar to that of sucrose. Furthermore, allulose also tastes similar to sucrose and has almost the same structure. As a result, food manufacturers in end-user industries, such as bakery, confectionery, dairy, and others, have started to use allulose in the manufacture of their food products, as it can also enter into synergy with other sweeteners. In the baking industry, allulose also provides the volume, browning, caramelization, and texture found in other types of sweeteners. Such a factor could hamper the growth of the market in the Europe region and therefore the sales of the manufacturer, which is expected to be a limiting factor.
Market Segmentation:
Allulose Market by Product Type
Depending on the type of product, the market is divided into allulose in liquid form and allulose in powder form. Allulose in powder form is the most dominant segment and represents the majority of the market. The huge market share of the powder form can be attributed to the wide use of this segment in a variety of applications.
Allulose Market by Application
According to the application, the market is divided into Beverages, Confectionery, and Dairy. Among these segments, beverages represent the largest market share in the market and are expected to continue to dominate during the forecast period. Other applications, mainly sweets, add to the market revenue.
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REPORT STATISTICS |
INSIGHTS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2021 - 2026 |
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CAGR |
13.4% |
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Segments Covered |
By Type, and By Application
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, Company Profiles, Primary and Secondary Analysis, Company's Revenue Analysis, and etc. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa, and Rest of the World |
Most industries around the world have been negatively affected in recent months. This can be attributed to the significant disruption of their respective manufacturing and supply chain operations as a result of various preventive shutdowns, as well as other restrictions imposed by government authorities around the world. The same is true of the global market for allulose. Furthermore, consumer demand also subsequently declined, as people are now more inclined to eliminate non-essential expenses from their respective budgets, as the general economic situation of most people has been severely affected by this epidemic. These above-mentioned items are expected to add to the revenue trajectory of the Global Alulose market during the forecast period. However, as the respective government authorities begin to remove these forced lockdowns, the global market for allulose is expected to rebound as a result.
Regional Analysis:
The Market for Allulose has been categorized on the basis of geography to offer a clear understanding of the Market. Allulose Market has been divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
North America is expected to have the largest market share thanks to the support of the US Food and Drug Administration (FDA), which provided the Generally Recognized as Safe (GRAS) notification to sugar and also to exempt sugar. Sugars on the Nutrition Facts label. In addition, the growing awareness of the region's consumers for healthy food consumption, coupled with increasing demand from end-user industries, is expected to drive the growth of the allulose market in the region during the forecast period. Manufacturers are doing their best to access the European market. Growing consumer health awareness and growing demand for organic products are key drivers enabling sales. Since India is an emerging country with a large population, the main market players aim to capitalize on existing opportunities. In addition, the expansion of the bakery sector will bode well.
According to the Federation of Chambers of Commerce and Industry of India (FICCI), the foodservice industry in India is driven by a high percentage of the country's young and working-age population. South Africa is expected to show impressive growth in the allulose market during the forecast period. The country is likely to experience a growing demand for organic ingredients. Growing awareness of health and wellness will continue to drive the market for allulose in South Africa. Various initiatives undertaken by the government and various international organizations to promote better health and wellness will continue to support growth.
For example, the Healthy Living Alliance (HEALA) works to create a healthy environment by encouraging people in South Africa to make healthy food and lifestyle choices. These initiatives have increasingly raised consumer awareness, presenting a lucrative opportunity for the expansion of allulose sales in South Africa. The Middle East and Africa region have some of the world's emerging economies. Due to the increasing health problems faced by consumers, the demand for natural ingredients is increasing.
Leading Company
Tate & Lyle had the largest share of the Allulose Market in terms of sales revenue in 2021.
The Allulose Market is concentrated with well-established players. Key players in the Allulose Market include
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Allulose Market, By Type
6.1.1 Liquid Form Allulose
6.1.2 Powder Form Allulose
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Allulose Market, By Application
6.2.1 Beverages
6.2.2 Confectionery
6.2.3 Dairy
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Anderson Global Group
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Tate & Lyle
8.3 McNeil Nutritionals
8.4 Matsutani Chemical Industry Co. Ltd.
8.5 Quest Nutrition
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
