The global allulose market size was evaluated at $10 billion in 2022 and is slated to hit $17 billion by the end of 2030 with a CAGR of nearly 4.7% between 2023 and 2030.
Allulose is a low-energy monosaccharide sweetener. Additionally, it contains roughly 70% sweetness compared to sucrose. It is considered a healthful ingredient due to its antioxidant content, hypoglycemic controls, and insulin resistance, among other health benefits.
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🔰 Market for Allulose: Overview
It is very similar to sugar in appearance, texture, and flavor, but it contains fewer calories. D-allulose is also known as D-Psicose. In addition, allulose is extensively utilized by commercial food and beverage producers. Today, allulose is produced extensively from maize. However, food processing companies are now employing allulose as a low-calorie sweetener in baked goods, ice cream, yogurt, beverages, and other high-calorie items. Allulose is widely used in the production of vitamin supplements and cough syrups to preserve flavor. Aside from this, the global trend toward detoxification has emerged as a significant factor in the growth of allulose sales. Each morning, individuals consume allulose to eliminate impurities and improve their liver and digestive functions. In addition, the increasing number of consumers adopting a plant-based diet is likely to increase the global adoption rate of allulose.
🔰 Major Insights
• According to the analysis presented by our research analyst, the global allulose market is anticipated to expand at a 4.7% CAGR over the forecast period (2023-2030).
• In terms of revenue, the global allulose market is anticipated to reach $17 billion by 2030, up from an estimated $10 billion in 2022.
• The global allulose market is anticipated to expand at a rapid rate over the period of the forecast, on account of rising consumer demand for natural and low-calorie foods.
➤ Surging customer preference for low-calorie diets globally will fuel the global market demand
It is anticipated that the global allulose market will undergo a paradigm shift due to the expanding consumer preference for natural and low-calorie foods. Moreover, allulose has a multitude of applications in therapeutic food products, such as weight management food and diabetic management food, which is expected to propel the exponential growth of the global market in the coming years. In addition, the large number of health issues associated with high-calorie foods and the increasing impact of adverse effects of artificial sweeteners will fuel the global demand for allulose. In addition, an increasing number of fitness enthusiasts and health-conscious individuals around the world are shifting their preferences toward healthful sugar alternatives such as allulose. Obesity is now a major concern, which is increasing the demand for allulose and influencing the global market trends.
➤ In the years 2023 to 2030, the low purchasing power of end-users may hinder the expansion of the global industry
In the future years, the increasing availability of low-cost synthetic products and the low purchasing power of consumers may impede the expansion of the global allulose industry.
➤ Increasing consumption of low-calorie sugar has created new growth opportunities for the global market
Allulose is extracted from fruits like raisins, jackfruit, and wheat, making it a superior sweetener compared to synthetic alternatives. All over the globe, athletes rely on low-calorie sugar substitutes such as allulose to satisfy their sugar cravings. These factors will create new growth opportunities for the global allulose market.
➤ Less awareness of the benefits afforded by plant-based allulose may be a significant factor impeding the global industry’s growth
Lack of awareness regarding the advantages of plant-based allulose will pose a significant obstacle to the expansion of the global allulose industry in the coming years.
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The Global Allulose Market is segmented based on product, application and region
Global Allulose Market: Product Segment Analysis
● Powder
● Crystal
● Liquid
Global Allulose Market: Application Segment Analysis
● Food
● Beverage
● Retail
● Pharmaceuticals
● Households
● Food Service Providers
The global allulose market profiles key players such as:
● Tate & Lyle
● Quest Nutrition
● McNeil Nutritionals
● Matsutani Chemical Industry Co. Ltd.
● Ingredion Incorporated
● CJ CheilJedang
● Cargill
● Incorporated
● Bonumose LLC
● Apura Ingredients
● Anderson Global Group
➤ It is anticipated that North America will continue to dominate the global market throughout the assessment period
In 2022, North America accounted for approximately two-thirds of the global allulose market’s revenue. It is anticipated that the region will continue to dominate the market in the coming years. The high prevalence of obesity and diabetes in the region has contributed to the growth of the market in the region. Additionally, the prevalence of notable market leaders in the region will contribute to the expansion of the regional market. Numerous lucrative growth opportunities are being created on the regional market as a result of the expanding population’s rising demand for flavor variations.
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In the coming years, the Asia-Pacific allulose market is expected to record the highest CAGR due to the increasing use of allulose in confectionery and confectionary products in emerging economies such as India. In addition, the rising disposable income of the populace is likely to increase the demand for premium and organic natural sugars such as allulose. Furthermore, the growing urbanization and rising living standards of the people will also propel the development of the regional industry.
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