January 31, 2022
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 is likely to expand significantly during the period 2021-2027.
An increase in occurrence of diseases like diabetes & obesity, and shifting consumer preference for healthier lifestyles choosing sugar alternatives are propelling the growth of global allulose market.
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For the unversed, allulose is a naturally sourced low-calorie sugar, often utilized in the production of a wide range of food items and drinks. It is a preferred sugar substitute among customers who are health-conscious or have chronic lifestyle diseases, since it helps in maintaining sugar levels without being metabolized in the body.
Furthermore, growing preference for sustainable and natural products is further accelerating industry development.
Based on application spectrum, the pharmaceuticals segment is poised to generate considerable demand over 2021-2027, owing to product usage as a sugar substitute in medicines and cough syrups having high-calorie sugar content.
As per type, the crystal segment of worldwide allulose industry is anticipated to rise steadily during the analysis period, due to its expanding use in several food and beverage applications.
From a regional standpoint, Latin American market is slated to record strong CAGR over 2021-2027, because of rising consumer knowledge of healthy sweeteners and powdered allulose products across the region. Additionally, expanding product applications in the food & beverage industry in Mexico, Brazil, and Argentina is projected to bolster the market growth.
The competitive landscape of global allulose market is defined by companies such as CJ CheilJedang Corp., Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., Samyang Corporation, Tate & Lyle plc, Anderson Global Group, and Bonumose LLC among others.