Home > Pressrelease > Allulose Market size to surpass USD 370 million by 2032
Allulose Market size to surpass USD 370 million by 2032
- Published Date: December 9, 2022
Allulose Market size valuation is anticipated to reach USD 370 million by 2032, as per a recent research report announced by Global Market Insights Inc.
Increasing usage of natural sweeteners in food & beverage industry will augment the market demand. Natural sweeteners have received much interest in the market recently, due to the rising health concerns over the consumption of sugar and the problems related to safety of some non-nutritive artificial sweeteners. Since allulose contains only 0.4 calories per gram sugar content, as compared to 4 calories per gram in table sugar, it’s considered as a healthy alternative for use in the food and beverage industries.
Crystal allulose to record significant use in frozen desserts and bakery items
By product, industry is bifurcated into powder, liquid, and crystal. Crystal allulose market is expected to witness over 15% CAGR through 2032.The increasing use of crystal allulose in the production of beverages and frozen desserts is anticipated to fuel the product uptake. It is widely used as an alternative to table sugar by individuals suffering from diabetes and related illnesses. It is also employed in frozen dairy desserts, including regular ice creams, soft-serve, sorbets, gelatins, puddings, and fillings. Fat-based cream is used in modifying fat/reduced-calorie cookies, cakes & pastries.
Allulose to see surging adoption in beverages for unlocking low-calorie features
By application, allulose market is classified as food, beverages, 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 emerged as an important market base for allulose makers. Due to these product benefits, it is anticipated that the global allulose industry share from the beverages segment will reach USD 110 million by 2032.
Browse key industry insights spread across 213 pages with 252 market data tables and 35 figures & charts from the report “Allulose Market Statistics by Type (Powder, Liquid, Crystal), By Application (Food, (Bakery & confectionary, Table-top sweetener, Dairy and frozen desserts, Sauces and dressings, Ice Creams and Desserts), Beverages, Pharmaceuticals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2023– 2032”, in detail along with the table of contents:
Threat of chronic illnesses to augment allulose demand in North America
On a regional perspective, increasing prevalence of chronic diseases in North America will boost 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 the business trends. According to preliminary study, allulose has anti-inflammatory characteristics and may aid in the prevention of obesity and the danger of chronic illness. Additionally, since allulose has no effect on a person's blood glucose or insulin levels, it is a potential sugar substitute for diabetics.
Capacity expansion efforts to shape the competitive landscape for global allulose market outlook
Some key allulose industry players 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 essaying various business strategies such as partnerships, new product launch, mergers and acquisitions, to tap into a larger market share.
In November 2019, Matsutani Chemical Industry Co., Ltd collaborated with Ingredion, a global provider of ingredient solutions to launch a new production plant of allulose in San Juan del Río, Mexico. The company manufactures sweetener ASTRAEA Allulose at this location, which is marketed and sold across the Americas by Ingredion.