Selbyville, Del., Dec. 12, 2022 (GLOBE NEWSWIRE) — According to the report released by Global Market Insights Inc., the Global market for allulose was estimated at $90 million in 2022 and is expected to exceed a valuation of $370 million by 2032, progressing at a CAGR of 14.8% from 2023 to 2032. The report provides detailed analysis of top winning strategies, drivers, and opportunities, competitive landscape, faltering market trends, market size, statistics and estimates, and significant investment pockets.
The increased use of natural sweeteners in the food and beverage industry will increase market demand. Natural sweeteners have received a lot of interest in the market recently, due to increasing health concerns about sugar consumption and safety concerns with some non-nutritive artificial sweeteners. Since allulose contains only 0.4 calories per gram of sugar content, compared to 4 calories per gram for table sugar, it is considered a healthy alternative for use in the food and beverage industries.
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Crystalline Allulose to Record Significant Use in Frozen Desserts and Bakery Products
By product, the industry is divided into powder, liquid and crystal. The crystalline allulose market is expected to witness a CAGR greater than 15% through 2032. The increasing use of crystalline allulose in the production of frozen drinks and frozen desserts is anticipated to drive product adoption. It is widely used as an alternative to table sugar by people suffering from diabetes and related diseases. It is also used in frozen dairy desserts, including regular ice cream, soft serve, sherbet, jellies, puddings, and fillings. Fat-based cream is used to modify low-fat/calorie cookies, cakes, and pastries.
Key reasons for the growth of the allulose market:
- Change in consumer preference towards health and low calorie diet.
- Increased use of natural sweeteners in the food and beverage industry.
- Increase cases of chronic diseases to boost demand for allulose.
Allulose to see growing adoption in beverages to unlock low-calorie features
By application, the allulose market is categorized into food, beverage, and pharmaceuticals. The sweetness index of allulose allows its consumption as an efficient additive in the beverage industry to produce low-calorie beverages. Athletes, for example, choose low-calorie sugar and allulose in supplements or beverages to satisfy their sugar cravings and have become an important market base for allulose manufacturers. Due to these product benefits, the global allulose industry share in the beverage segment is anticipated to reach USD 110 million by 2032.
Chronic disease threat to increase demand for allulose in North America
From a regional perspective, the increasing prevalence of chronic diseases in North America will drive allulose market growth, which was valued at USD 40 million in 2022. Hectic lifestyles have encouraged consumers to switch to alternative sweeteners which will drive business trends. According to a preliminary study, allulose has anti-inflammatory properties and may help prevent obesity and the danger of chronic diseases. Also, since allulose has no effect on a person’s blood glucose or insulin levels, it is a potential sugar substitute for diabetics.
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Capacity Expansion Efforts to Shape the Competitive Landscape for the Global Allulose Market Outlook
Some key players in the allulose industry include Matsutani Chemical Industry Co. Ltd., Tate & Lyle, CJ Cheil Jedang, Bonumose LLC, Ingredion Inc, Samyang Corporation, Apura Ingredients, Icon Foods, Heartland Food Products Group, and Anderson Advanced Ingredients, among others. These industry players are actively rehearsing various business strategies such as partnerships, new product launches, mergers and acquisitions to seize a larger market share.
Partial chapters of the report index (TOC):
Chapter 2 Executive Summary
2.1 Allulose Market 3600 synopsis, 2023 – 2022
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Type of trends
2.1.4 Application trends
Chapter 3 Allulose Industry Outlook
3.1 Industry segmentation
3.2 COVID-19 summary of the world economy
3.3 Industry Ecosystem Analysis
3.4 Technological landscape
3.5 Consumer buying behavior
3.6 Allulose Novel Foods Consortium (ANFC)
3.7 Regulatory landscape
3.8 Analysis of raw materials
3.9 Price analysis
3.10 Industry Impact Forces
3.11 Analysis of growth potential, 2022
3.12 Porter’s analysis
3.13 PESTEL Analysis
3.14 Impact of COVID-19 on demand for allulose, by application
Chapter 4 Competitive Landscape
4.2 Company Market Share, 2021
4.3 Competitive Analysis of Major Market Players
4.4 Supplier adoption matrix
4.5 Matrix of strategic perspectives
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Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting services provider, offering syndicated and custom research reports along with growth consulting services. Our industry research and business intelligence reports provide clients with detailed insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.