Allulose Market size to exceed $98mn by 2027
Published Date: September 2, 2021 Authors: Kunal Ahuja, Amit Rawat
Allulose Market size is estimated to exceed USD 98 million by 2027, according to a new research report by Global Market Insights, Inc.
Allulose has wide-ranging application scope which include its usage in bakery & confectionary, table-top sweeteners, dairy and frozen desserts, sauces and dressings, ice creams and desserts, beverages, pharmaceuticals owing to its rise in health consciousness across globe. Consumers are altering their dietary preferences from conventional to organic as the number of instances of sugar and cholesterol related illnesses are rising. However, diabetes is estimated to affect 60 out of every 1000 individuals across globe. As a result, demand for an organic coupled with low-calorie sugar substitute is increasing. As, allulose delivers the same sweetness with low-calorie content, and has become increasingly popular in the recent years.
Rise in health consciousness among consumers along with prevalence of diabetes related illnesses is inevitably shifting the focus towards healthy sweeteners and sugar substitutes. Surging adoption of sugar substitute food products to reduce the risk of diabetes and obesity will fuel the allulose market growth during a forecast time frame. Improved consumer knowledge and awareness pertaining to benefits of sugar substitutes mainly allulose and its products is escalating the industry advancement.
Positive outlook for the bakery and confectionery market supported by increasing demand for premium products with low calorie content ingredients is propelling the product demand. Surge in use of powdered allulose in bakery and confectionery will drive the market statistics over the projected timeframe.
Browse key industry insights spread across 250 pages with 106 market data tables & 9 figures & charts from the report, “Allulose Market Forecasts By Type (Powder, Liquid, Crystal), Application (Bakery & confectionary, Table-top sweetener, Dairy and frozen desserts, Sauces and dressings, Ice Creams and Desserts, Beverages, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Enhanced application of allulose in bakery and confectionery should augment market trends
In 2020, the bakery and confectionery sector will account for a significant share of the total allulose market. Increased fitness awareness throughout the world has fueled demand for healthy sweeteners, boosting the segment's share. The protein allulose is majorly considered and preferred for its sweetness content with low-calorie intake. Consumers are preferring sugar and sweets that are organic and have not been processed or supplemented with any synthetic ingredients as the demand for organic food items has grown. This has resulted in the widespread usage of allulose, a natural sweetener.
Allulose industry from food segment is set to surpass USD 55 million by 2027
The rise of the allulose market is due to a shift in consumer preference from conventional to natural foods. The market has grown in response to rising population, an increase in the number of fatal diseases, and rising health concerns. Owing of its usage as a thickening and stabilizing ingredient in various bread goods, the food sector controls most of the market. Also, its properties of high solubility its use in beverages sector as well is boosting the overall market. Food segments are expected to expand significantly in the coming years.
Allulose market from beverage applications is set to register over 19% CAGR through 2027 owing to positive outlook for the beverages industry
Global allulose market from beverage applications accounted for a considerable share in 2020. The market is growing due to factors such as health benefits and beverage applications. Product demand is being driven by rising consumer expenditure on quick food and drinks, as well as better customer understanding of food components, low-calorie content, and favorable labelling regulations. During the manufacture of drinks, sauces and dressings, and baking, complex manufacturing procedures and unstable raw ingredients necessitate liquid allulose, which is a contributing element to its growth.
Liquid segment is projected to witness over 17% CAGR from 2021 to 2027. Liquid allulose is widely used in the production of sauces and dressings product owing to excellent solubility properties furthering the segment growth. Liquid Allulose is commonly used in frozen desserts and ice creams due to its low-calorie content, high mixability, and low fat content. It has nearly 70% as sweet as sugar.
Asia Pacific allulose market demand led by China, India and Japan may exhibit significant growth during the forecast timespan owing to the increasing public awareness of the importance of adopting a healthier lifestyle along with increasing population, developing economies, rising living standards, and ever-increasing demand for low calory and healthy food products have all contributed to boost regional market size.
The global allulose market is competitive in nature. The major industry players include Matsutani Chemical Industry Co. Ltd, Tate & Lyle PLC, CJ Cheil Jedang, Bonumose LLC, Cargill Inc, Ingredion Incorporated, Samyang Corporation, Anderson Global Group. The key strategies observed in the industry include new product development, capacity expansion in order to overcome the current shortcomings, and distribution network expansion.