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Rare Sugar Market Size
- Report ID: GMI4458
- Published Date: Dec 2022
- Report Format: PDF
Rare Sugar Market Size
Rare Sugar Market size was worth over USD 1 billion in 2022. Propelled by the rising utilization of dietary supplements, industry is anticipated to grow at more than 5% CAGR from 2023 to 2032.
Surging uptake of personal care products is driving the overall market growth. The demand for rare sugar, which is used in several types of cosmetics, such as scrubs, lotions, moisturizers, and serums, owing to its moisture retention capabilities and nontoxic nature, is poised to increase as the personal care industry is witnessing an upsurge in demand for high-quality & natural components. In 2020, the market for natural and organic personal care products in North America was worth more than USD 5.5 billion.
Furthermore, snowballing consumer preference for convenience and ready-to-eat products is also propelling the industry outlook. Rare sugar is commonly used as a sweetener in ready-to-eat breakfast cereals, diet soft beverages, and other goods. This indicates that the demand for rare sugar is set to increase in line with the soaring demand for convenience foods. Convenience food sales in Asia generated over USD 282 billion in revenue in 2020, and nearly USD 300 billion in revenue in 2021.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Rare Sugar Market Size in 2022: | USD 1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 1.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 350 |
| Segments covered: | Products, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Rare Sugar Market Scope
