NEW YORK, March 9, 2023 /PRNewswire/ -- The global allulose market is expected to grow significantly by 2032, due to the rising demand for low-calorie sweeteners among people all across the globe. Regionally, the North America region is expected to hold the largest share of the market.
Global Allulose Market Forecast Analysis:
As per the report published by Research Dive, the global allulose market is anticipated to garner a revenue of $308,182.9 thousand and rise at a noteworthy CAGR of 11.7% throughout the analysis timeframe from 2022 to 2032.
Segments of the Allulose Market
The report has divided the allulose market into the following segments:
Nature: organic and conventional
Type: powder, liquid, and crystal
Application: food, bakery and confectionery, dairy and frozen desserts, sauces and dressings, beverages, and others
Region: North America, Asia-Pacific, and LAMEA
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Segment | Sub-Segment |
Nature | Conventional – To have the fastest growth by 2031 |
The increasing use of conventional allulose, as an essential ingredient in food and beverages, is expected to foster the growth of this market sub-segment further. | |
Type | Powder – Dominant market share in 2021 |
The use of powdered allulose in bakery items such as cakes, biscuits, bread, and many more, also in smoothies and other beverages is expected to propel the sub-segment forward. | |
Application | Bakery and Confectionery – Dominant market share in 2021 |
The rise in the use of blast monitoring equipment while constructing tunnels and levels of underground mines is anticipated to push the market sub-segment forward. | |
Region | Asia-Pacific – Dominant market share in 2021 |
The growing use of allulose in a wide range of pharmaceutical treatments and medicines because of its detoxifying and anti-oxidation properties is predicted to fuel the growth of the regional market in the forecast period. |
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Dynamics of the Global Allulose Market
The increasing demand for low-calorie sweeteners among individuals all around the globe is expected to fortify the growth of the allulose market during the forecast timeframe. Besides, allulose does not impact blood sugar levels, and being a rare natural sugar, it can help reduce the risk of many chronic diseases such as obesity which are expected to bolster the growth of the market during the analysis period. However, the growing stringent government regulations over allulose and its high cost may hinder the growth of the market throughout the estimated period.
Moreover, the increasing use of allulose in the pharmaceutical sector due to its detoxifying and anti-oxidation properties is expected to create expansive growth opportunities during the analysis timeframe. Additionally, allulose delivers numerous health benefits such as ensuring the regulation of heart rate, promoting weight loss, improving liver function, reducing digestive problems, and many more, which is expected to boost the growth of the market throughout the forecast period.
Covid-19 Impact on the Global Allulose Market
The outbreak of the Covid-19 pandemic caused several uncertainties and economic crises due to the imposed lockdowns across several countries. However, it has positively impacted the allulose market. This is mainly due to the relaxations given by the government of many nations for the manufacturing and processing of food. Moreover, post-pandemic, the market is expected to experience significant growth due to the increasing use of allulose as a novel ingredient in the manufacturing of food and beverages across many countries.
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Key Players of the Global Allulose Market
The major players of the market include
- Ingredion Incorporated
- Cargill Inc.
- Samyang Corporation
- Bonumose LLC
- Anderson Global Group
- CJ Cheil Jedang
- Quest Nutrition
- Tate & Lyle PLC
- Apura Ingredients
- Matsutani Chemical Industry Co. Ltd
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.
For instance, in October 2022, Brain Biotech AG, a well-established European industrial biotechnology specialist, announced its collaboration with Bonumose, a leading manufacturer of food ingredients such as allulose and tagatose. With this collaboration, the companies aimed to improve the enzymatic reactions in the production of low-calorie, ultra-low-glycemic, and naturally occurring sweeteners such as allulose.
What the Report Covers?
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
More about Allulose Market:
- Why Allulose Could be the Next Big Game Player in Sweeteners?
- Allulose Market to Observe Significant Growth by 2031 Due to Strategic Partnerships and Business Expansion by Market Players, such as Apura Ingredients, Ingredion Incorporated, and Others
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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