Home > Pressrelease > Rare Sugar Market size to reach $1.5 Bn by 2032
Rare Sugar Market size to reach $1.5 Bn by 2032
- Published Date: January 4, 2023
Rare Sugar Market size is predicted to cross USD 1.5 billion by 2032, according to a new research report by Global Market Insights Inc.
The report identifies surging consumer demand for ready-to-eat & convenience products and positive inclination toward a healthy lifestyle as the chief drivers of the industry. The growing importance of dietary supplements is also shaping the market outlook. For instance, in Europe, the sale of vitamin D and other blends is witnessing a favorable customer shift towards high-quality supplements. This indicates a significant growth potential for rare sugar-based nutritional supplements as the European vitamin market is speculated to reach more than USD 3.5 billion by the end of 2025.
High probiotic qualities to push demand for D-mannose-based rare sugar
The study classifies the rare sugar market from D-mannose segment will expand at 5.5% CAGR through 2032, as a result of its significant probiotic qualities for controlling metabolic processes and the glycosylation of vital proteins, D-mannose is considered highly beneficial for the digestive tract.
Positive shift to healthy meals and drinks to augment food & beverages segment growth
The food & beverages application segment is primed to be worth USD 600 million by 2032, driven by the rising demand for healthy meals and beverages, along with the expanding use of rare sugar sweeteners. These solutions are easy to mix and suitable for varied natural components. Thus, manufacturers are focusing on providing low-calorie alternatives to cater to consumers' inclination toward healthier foods and beverages.
Browse key industry insights spread across 310 pages with 307 market data tables and 43 figures & charts from the report, “Rare Sugar Market Size, By Product (D-Mannose, Allulose, Tagatose, D-Xylose, L-Arabinose, L-Fucose), By Application (Dietary Supplements, Cosmetics & Personal Care, Pharmaceuticals, Food & Beverages), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Growing instances of diabetes and obesity to enhance Europe market outlook
The Europe rare sugar market is estimated to surpass USD 380 million in revenue by 2032. The food and beverage industry's growing need for high-quality ingredients and its rapid adoption of low-calorie dishes are expected to improve the market demand. Diabetes, obesity, and infections are on the rise, pushing business players to alter their product marketing techniques. Rare sugar solutions are becoming more prevalent in the pharmaceutical sector as a result of rising occurrences of diabetes, bone disorders, and infections.
Significant investments to remain a key growth strategy
Some of the leading companies involved in the rare sugar industry include Tate & Lyle, Douglas Laboratories, International Flavors & Fragrances Inc., Matsutani Chemical Industry, zuChem, CJ CheilJedang, Bonumose, Inc., Samyang Corporation, and Ingredion. The competitive landscape of the industry is slated to experience a series of substantial investments by companies to boost their production capacity and cater to growing the market revenue. For instance, in April 2022, Tate & Lyle, a food & beverage ingredients manufacturer, increased its allulose production to fulfill surging demand.
Explore More on Related Topics: