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Industry Overview
Rare Sugar Market size exceeded USD 1.30 billion in 2020 and is estimated to grow at over 4% CAGR between 2021 and 2027. Increasing number of health issues associated with consumption of simple high calorie sugar includes growing diabetic patients, obesity rate and others are major factors causing consumers shift towards low calorie sweeteners. Thus, food industries players have started use of rare sugars like allulose as a sweetener in various food products such as bakery, confectionary, dairy food, and therapeutic food etc.
For instance, D-tagatose, serve as low-calorie sweeteners, replacing classical table sugar in the food industry. Therefore, these multiple benefits and wide application led to drive the rare sugar market growth over the upcoming years.
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Spread of COVID-19 through major ports, cities, and business centers is expected to increase the prices for raw materials in the short and medium run. Also, the worldwide lockdown led to restrict the supply of raw material and even the final product in the market. However, the demand for rare sugar was increased during the covid-19 spread, owing to its wide application such as, dietary supplements, pharmaceuticals, food & beverages, and others.
However, food & beverages and pharmaceuticals products comes under the essential category during the covid-19. Henceforth, the relaxation on transportation and import & export of essential good led to support the supply of rare sugar in the market. Moreover, escalating health consciousness among consumers owing to continuous increasing COVID-19 cases around the world will further propel the demand for rare sugar over the forecast period.
Strict government regulations & compliances to protect consumer interest by stringent labelling and manufacturing practices in the industry are likely to pose a significant challenge to industry players. For instance, in April 2019, the U.S. Food and Drug Administration issued guidelines on the number of calories in allulose for nutrition and supplement application. Through this regulation, manufacturers must adhere to strict standards for their products to be labeled as low sugar or low-calorie products. Therefore, these various factors led to hinder the growth of rare sugar market. However, growing demand for low calories and healthy food, owing to growing consumer awareness resulted as supportive factor for product growth and adoption of strict regulation by key players.
Report Coverage | Details |
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Base Year: | 2020 |
Market Size in 2020: | 1.30 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 4% |
2027 Value Projection: | 1.70 Billion (USD) |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 170 |
Tables, Charts & Figures: | 183 |
Segments covered: | Application, product |
Growth Drivers: |
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Pitfalls & Challenges: |
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D-mannose rare sugar market is poised to surpass USD 1 billion by 2027 and anticipated to register over 4.1% CAGR in the forecasted period. D-mannose rare sugar is extensively used in the production of pharmaceutical products, as it has easily digestible nature and low calorific value. It is closely linked to glycose which also makes it compatible with manufacturing supplements.
D-mannose plays a vital role in glycosylation of essential proteins and regulating metabolic actions. Additionally, it is utilized in manufacturing medicines for urinary tract infections as it aids in ameliorating symptoms. Therefore, these wide benefits of D-mannose will support the market expansion over the coming timeframe.
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Rare sugar market from dietary supplements application is expected to surpass USD 640 million by 2027 growing at a CAGR of over 3.5% over the projected period. Increasing inclination to opt for dietary supplements that enhance nutrition and rising awareness on health & nutrition is likely to boost rare sugar demand. Rare sugar solutions are widely used in manufacturing high quality & low-calorie supplements that is boosting metabolic system and improving overall health. Industry players are rapidly investing in developing high quality products with taglines such as low calorie, sustainable, and healthy in an attempt to capitalize on emerging trends in market sphere.
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North America rare sugar market is projected to surpass USD 665 million by 2027 at a CAGR of over 4.1%. Increasing demand for natural cosmetic preparations with aromatic preservatives such as tea tree, jasmine, and rose essential oils should increase rare sugar penetration. Rare sugar solutions are compatible with various natural ingredients, act as preservatives and skin conditioning agents. Furthermore, consumers are becoming conscious on ingredients and often read labels before buying products which is making industry players to opt for high quality and easily recognizable ingredients in cosmetic industry and likely to boost rare sugar demand in North America.
The global rare sugar market is fragmented in nature with key players includes TATE & LYLE, DuPont, CJ CheilJedang, and Samyang Corporation. Key players in the market holding over 60% of the total share in the global business. The players in the market are engaged in various strategies including mergers and acquisitions to improve their position and distribution channel in the global business. Moreover, several key players are working on new products launches & development to increase their capacity expansion and to expand their foothold in the industry.
In Jan 2021, Tate & Lyle and Codexis Inc companies has extended and strengthened their relationship to improve the manufacturing of two of Tate & Lyle’s newest sweeteners: TASTEVA® M Stevia and DOLCIA PRIMA® Allulose Sweetener. Codexis Inc is a leading protein engineering company and developer of high-performance enzymes.
The global rare sugar market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2016 to 2027 for the following segments
By Product
By Application
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