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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

  • Report ID: GMI5115
  • Published Date: Aug 2021
  • Report Format: PDF

Industry Trends

Allulose Market size exceeded USD 29 million in 2020 and is estimated to register over 19% CAGR between 2021 and 2027. Rising allulose penetration in bakery and confectionery products owing to its nutritional benefits will fuel the market expansion.
 

Positive outlook for the global sugar substitutes industry driven by a strong growth in health-conscious consumers, particularly in developing countries is drivinig the market statistics. Allulose industry is projected to witness a healthy growth during the forecast time period owing to the rising awareness among consumers pertaining to their health benefits as it majorly helps in preventing obesity, as well as boosts energy naturally.
 

Allulose Market

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Allulose is obtained from a variety of sources, including wheat and fruits such as jackfruit, figs, and raisins, making it a perfect natural sweetener for consumer trying to lose weight. Allulose comes with several health benefits such as maintaining the regulation of blood sugar levels along with the reduction of oxidative stress and inflammation, hence reducing the risk of chronic diseases such as arthritis and irritable bowel syndrome (IBS) is anticipated to fuel the product demand.
 

Obesity, diabetes, and heart disease are becoming more common, which is prompting consumers to seek out healthier foods that are lower in sugar, salt, fats, and calories. Vegans have benefited from scientific studies addressing comparable results for ethical reasons. Excessive meat consumption, particularly red meat, has been linked to an increased risk of cardiovascular disease in several studies. As a result, the use of plant-based compounds has increased. Consumers who are more inclined to health-conscious foods, prefer plant-based products to synthetic ones because they provide extra health advantages. As the demand for plant-derived products increases, the allulose market is likely to gain traction.
 

Shifting preference towards healthy sweetener products owing to prevalance of diabetes related illnesses amongst a larger poplualtion base is anticipated to boost the overall market share as compared to the other sweeteners. Emergence of COVID-19 pandemic has resulted in increasing consumer health awareness, thus giving rise to demand for healthy sugar substitutes. Rising health concerns such as high blood pressure, diabetes, arthritis, cardiovascular diseases are key factors supporting the use of alluloses and other ingredients in diverse food & beverage applications.
 

Powder allulose expected to lead the market owing to its wide range of applications

Global Allulose Market, By Product

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Global powdered allulose market registered over USD 13 million in 2020.  Powdered allulose products account for the majority of market share, followed by liquid and crystal allulose products. Powdered goods mix well with yoghurts, smoothies, and other drinks. In the next years, demand for products with crystal allulose is expected to grow significantly.
 

Allulose is also found in a variety of low-calorie meals, including yoghurt, ice cream, bakery goods, and other low-calorie foods which majorly make use of powdered sugar. Powdered allulose is extensively used in bakery items such as biscuits, cakes, rye breads, and meat dishes as a thickening and stabilising ingredient. As a result, significant revenue generation across globe for powdered allulose is anticipated to rise considerably throughout the forecast period, in turn boosting the allulose industry growth.
 

Increasing demand for ready-to-eat snack foods and bakery products will augment the market share

Global Allulose Market, By Food Application

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The global allulose market size from food applications exceeded USD 17 million in 2020. As per the increased allulose sales and rising demand for low-calorie sweeteners in ready to east snacks, confectionery, dairy goods, bread products, sweet spreads, ice creams, and desserts, the food category accounted for the largest business share of the total market. The demand for low-calorie and low-sugar food components and products has grown as a result of the rising number of health-conscious customers. Owing to their increased interest in low-calorie goods, consumers are increasingly turning to allulose.
 

Bakery & confectionary segment hold a considerable share in the global allulose industry in 2020. Improved moisture content, increased water absorption, and softness in the product are all major reasons driving allulose demand in the bread sector. The use of fast bite food items such as snacks and confectionery goods is increasing as people's lifestyles change. To meet customer demand, increasing product adoption in the production of bread, pastries, rolls, cakes, and other bakery goods will spur industry size.
 

Growing demand for functional food and convenience food will drive the powdered allulose usage

Powdered segment dominates the global allulose market in 2020. Due to its good compatibility with other raw materials, powder form is frequently chosen in the production process, fuelling sector expansion. The rising demand for functional foods and convenience foods is driving up demand for functional additives like powdered allulose, which delivers health advantages without sacrificing food taste or sensory quality. Whereas liquid allulose is widely used in the production of sauces and dressings product owing to excellent solubility properties furthering the segment growth.
 

Large bakery and confectionery business is driving the North America allulose market share

North America Allulose Market, By Country

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North America allulose market size led by the U.S. and Canada is expected to exhibit substantial growth during the projected timespan owing to increasing demand from the food & beverages industry in the region. U.S. food & beverage market size should surpass USD 20 billion in 2021 which indicates ample growth opportunities for allulose manufacturers. The changing food preferences along with rising consumer awareness towards a healthy lifestyle is likely to induce the regional market expansion. Also, favorable regulations pertaining to the product will fuel the market growth. For instance, in 2019, the FDA approved allulose to be excluded from being considered under added sugars.
 

Europe driven by France, Italy, UK, and Germany allulose market. Manufacturers are working hard to get entry to the European market. As additional evidence of product’s safety and lack of serious negative effects on the human body is required by European laws. Manufacturers have filed a petition for authority to market the product in Europe due to the strict regulatory environment. The low calory product will be available in European countries, but it will take some time because the sweetener should be authorized by the European Commission as a Novel Food.

 

New product development along with distribution channel expansion is among primary business strategy adopted by manufacturers

Allulose market is competitive in nature owing to the large presence of domestic manufacturing companies. Key players operating across the global market include Matsutani Chemical Industry Co. Ltd, Tate & Lyle PLC, CJ Cheil Jedang, Cargill Inc, Ingredion Incorporated, and others. To achieve a competitive edge, companies in the market are likely to use both organic and inorganic growth tactics.
 

For instance, in November 2019, Ingredion Incorporated announced the inauguration of a new facility in Asia Pacific and the Americas, allowing the company to better serve markets in both regions.
 

Allulose market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2016 to 2027, for the following segments:

By Type

  • Powder
  • Liquid
  • Crystal

Application

  • Food
  • Bakery & Confectionery
  • Table-top sweetener
  • Dairy & frozen desserts
  • Sauces & Dressings
  • Ice Creams and Desserts
  • Beverages
  • Pharmaceuticals

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Indonesia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global allulose industry share had crossed USD 29 million in 2020 and will observe a 19% CAGR up to 2027 driven by increasing adoption in bakery and confectionery products.

Annual revenue of powdered allulose had crossed USD 13 million in 2020 and will grow with higher utility as thickening and stabilizing ingredients in bakery items including biscuits, cakes, rye bread, and meat dishes.

The food application segment in the allulose industry touched a valuation of USD 17 million in 2020 and will witness expansion with the growing preference for low-calorie sweeteners.

North America market for allulose with the U.S. and Canada as major contributors, will observe considerable expansion through 2027 owing to higher need in the food & beverages sector in the region.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 7
  • Tables & Figures: 115
  • Countries covered: 21
  • Pages: 250

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