December 01, 2021
According to the research report titled ‘Allulose Market Size By Type (Powder, Liquid, Crystal), By Application (Food, (Bakery & confectionary, Table-Top Sweetener, Dairy & Frozen Desserts, Sauces & Dressings, Ice Creams and Desserts), Beverages, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global allulose market value is projected to increase significantly over 2021-2027.
Rising prevalence of lifestyle disorders such as diabetes and obesity, along with growing consumer inclination toward healthy food and low-calorie diets are the primary factors driving global allulose market growth.
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For the uninitiated, allulose is a low-calorie naturally occurring sugar used in producing various food products and beverages. It is a popular sugar substitute among health-conscious consumers and those with chronic illnesses like diabetes as it helps in maintaining blood sugar levels.
Escalating demand for sustainable and natural ingredients is further adding to the industry demand. Besides, leading companies have undertaken several profitable methods to improve their position in the marketplace. For instance, Amyris Inc., a leading biotechnology company specializing in the Clean Health and Beauty segment, partnered with Ingredion Incorporated, a major provider of ingredients solutions, in May 2021 to facilitate the exclusive licensing of Reb M sweetener, Amyris' innovative natural zero-calorie sweetener.
Regionally, Europe allulose market is expected to grow significantly over the study period owing to the positive outlook from end-use industries and product applicability in a wide array of food products.
Meanwhile, Latin America industry is projected to amass notable returns by the year 2027, attributable to rising consumer cognizance of healthy sweeteners and powdered allulose products. Furthermore, expanding product applications in food & beverage sector in Mexico, Brazil, and Argentina are expected to propel regional market development.
Middle East & Africa market is expected to witness high product demand over the coming years, creditable to increasing sophistication of the food & beverage sector across key emerging economies in the area. Besides, rising cases of vitamin and mineral deficiencies among the youth population is expected to fuel the market demand.
Elaborating on competitive landscape, Anderson Global Group, Samyang Corporation, Ingredion Incorporated, Bonumose LLC, CJ Cheiljedang, Tate & Lyle plc, and Matsutani Chemical Industry Co. Ltd. are the top companies operating in global allulose market sphere.