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Allulose Market by Type (Liquid Form Allulose and Powder Form Allulose), By Application (Beverages, Confectionery, and Dairy), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2023-2028

Published: March, 2023
ID: 12110
Pages: 150
Formats: report pdf report excel report power bi report ppt

Allulose Market Size, Growth, Forecast (2023-2028)

Allulose Market size is expected at USD 220 million in 2023 and is anticipated to extent of over USD 122.7 Million by 2028 with a CAGR of 13.4%.

Allulose Market

Allulose Market Overview:

Allulose is also known as D-psychosis 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 toward allulose. Allulose is approved by the US Food and Drug Administration in food products for its safety.

Recent Developments in Allulose Industry:

  • 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.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

13.4%

Segments Covered

By Application, Type and Region

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

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Anderson Global Group, Tate & Lyle, McNeil Nutritionals, Matsutani Chemical Industry Co. Ltd, Quest Nutrition and Others.

Allulose Market Drivers and Restraints:

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.

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. 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.

Allulose Market Segmentation:

By Product Type:

  • Liquid Form Allulose

  • Powder Form Allulose

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.

By Application:

  • Beverages

  • Confectionery

  • Dairy

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.

Allulose Market Regional Analysis:

  • North America

  • Europe

  • The Asia Pacific

  • Latin America

  • The Middle East and Africa

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 exempts 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.

Allulose Market Key Players:

  1. Anderson Global Group   

  2. Tate & Lyle

  3. McNeil Nutritionals

  4. Matsutani Chemical Industry Co. Ltd.

  5. Quest Nutrition 

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FAQ's

What Can Be the Size of the Allulose Market By 2028?

The Allulose Market Can be Predicted Reach a Valuation of USD 112.7  billion by 2028.

What Can Be The Compound Annual Growth Rate Of The Allulose Market?

Allulose MarketCan Expand With A CAGR 13.4 % in a given Forecast Period.

Mention The Major Key Players In Allulose Market?

Anderson Global Group, Tate & Lyle, McNeil Nutritionals, Matsutani Chemical Industry Co. Ltd, Quest Nutrition and Others.

Mention the region which has the largest share in the Allulose Market?

North America region is expected have the largest market share of the global Smoothies Market.

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