August 18, 2021
According to the research report titled ‘Rare Sugar Market Size By Product (D-Mannose, Allulose, Tagatose, D-Xylose, L-Arabinose, L-Fucose), By Application (Dietary Supplements, Cosmetics & Personal Care, Pharmaceuticals, Food & Beverages), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global rare sugar market is expected to record substantial growth during 2020-2026.
Growing demand for safe and effective sugar substitutes coupled with increasing popularity of the product owing to its various health benefits are key factors fueling global rare sugar market growth.
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Rare sugar is known to help in maintaining healthy blood pressure as well as blood sugar levels. Some studies have also shown that rare sugars can reduce the risk of hypertension as well as clot formation in arteries by lowering the production of LDL (low density lipoproteins).
Moreover, the product can serve as an excellent sugar and sucrose substitute since it has a minimal calorific value. Thus, rising health cognizance coupled with favorable approval ratings from regulatory bodies are stimulating global rare sugar market dynamics.
Based on application spectrum, the market is split into cosmetics & personal care, pharmaceuticals, food & beverage, dietary supplementary, and others. The report cites that global rare sugar market size from others segment is predicted to expand with a CAGR of 4.3% between 2020 and 2026.
Considering the geographical landscape, Latin America rare sugar industry is expected to record 3.8% CAGR through 2026, primarily due to rising expenditure towards dietary supplement, nutritious, and high-quality food products. Growing population and increased pervasiveness of chronic conditions such as obesity and diabetes are also augmenting the demand for rare sugar in Latin America.
Middle East & Africa market, on the other hand, is anticipated to showcase a y-o-y growth rate of 3% through 2026, owing to increasing consumption of low calorie supplements as well as food & beverages. Growing occurrence of health disorders and increasing health awareness are also fueling the regional market growth.
The competitive landscape of global rare sugar market is defined by companies such as Ingredion Inc., Samyang Corporation, CJ CheilJedang, zuChem Inc., Bonumose Inc., Hebei Huaxu Pharmaceutical Co. Ltd., Matsutani Chemical Industry Co. Ltd., Zhangjiagang Specom Biochemical Co. Ltd., Naturesupplies, Sanwa Starch Co. Ltd., Douglas Laboratories Inc., Sweet Cures, DuPont de Nemours Inc., and Tate & Lyle plc among others.