Rare sugar Market size to exceed $1.65bn by 2026
Published Date: November 11, 2020 Authors: Kunal Ahuja, Kritika Mamtani
Rare Sugar Market size is set to surpass USD 1.65 Billion by 2026, according to a new research report by Global Market Insights, Inc
Growing requirements for high-quality sweeteners & additive sugar products in the food & beverage industry along with improvement in product safety, reliability, suitability, and safety have enhanced the market demand for rare sugar across the globe. Owing to its numerous properties it has immense demand in the market that includes low glycemic index, less concentration of calories, increase of nutritional value, and stabilization of products that make the product suitable for maintaining immunity, digestion, and insulin regulation. Rapid advancements in the rare sugar industry to source, extract, and purify high-quality products will enhance product penetration. The growing use of rare sugar to manufacture high-quality bakery & confectionery preparations due to its unique bioactive, digestible, and regenerative properties will contribute significantly to the expansion of the industry.
Rare sugar market from pharmaceutical application is anticipated to surpass by 235 million by 2026 due to its wide range of application in pharmaceutical industry. Rare sugars are significant to human health due to their potential to reduce calorie intake along with offering sweeteners flavors. For instance, D-allsoe consist of 80% of sweetness as compare to common sugar and with calories. It reduces the amount of reactive oxygen and decreases causes several diseases such as cardiovascular neurodegenerative and hypertension. As a result, allose rare sugars offers several therapeutic applications. Thereby, it has massive demand in the pharmaceutical industry.
L- Fucose product segment is anticipated to register over 4.2% CAGR through 2026. L-Fucose is the most widely used rare sugar in the manufacturing of cosmetics as it is found both in the dermis and epidermis of the skin and plays an important role in skin aging and maturation processes. The application of L-Fucose to skin achieves a wide variety of dermatologically stimulatory effects that leave a positive, soft, and supple feeling. L-Fucose-based cosmetics also strengthen the skin by inhibiting the production of enzymes involved in skin degradation process and stimulating elastin biosynthesis which aids in healthy skin cell production.
COVID -19 Epidemic Deteriorating Rare Sugar Market Growth
COVID -19 has significantly affected the consumer buying behavior across all sector and market demand is likely to slow down due impose of lockdown across the many countries. Global economic slowdown, dampening of consumer confidence, decline in consumer spending on food & beverages across the globe have major impacts on consumer buying behavior thereby affecting the demand for rare sugars from application industries. Further, trade disruption is one of the most compelling reason that deteriorating market statistics. Moreover, demand recovery and gain in consumer confidence will depend on the evolution of the disease, considering the potential impacts of seasonality and fatality levels. However, in 4th quarter of 2020 the market has shown positive recovery and it is anticipated that the market will recover from in 1st quarter of 2021.
Browse key industry insights spread across 175 pages with 155 market data tables and 28 figures & charts from the report, Global Rare Sugar Market Analysis By Product (D-Mannose, Allulose, Tagatose, D-Xylose, L-Arabinose, L-Fucose), Application (Dietary Supplements, Cosmetics & Personal Care, Pharmaceuticals, Food & Beverages), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026”in detail along with the table of contents:
Rising Demand for Dietary Supplements and Low Calories Product Is Gaining Traction
Increasing consumption of dietary supplement by sports person, athletes owing to several health benefits has spurred the demand for rare sugar. Consumers area increasingly conscious about the calorie, fat, carbohydrates they consume, especially, those who are opting for weight management program. This has turned into increases the consumption of rare sugar as it normalizes blood sugar and tremendous antioxidant properties and many others. Further, the steadily increasing consumption of supplements such as whey protein, isolates, and other body building supplements by millennial and physical training consumers are projected to support market size.
“Rare sugar market from dietary supplements is stipulated to surpass USD 610 million by 2026 owing to increasing demand for the zero or low-calorie food and prevalence of chronic diseases amongst population”
Shift towards functional food and dietary supplements creates lucrative growth opportunities in Europe and expected to surge the market demand for rare sugar market share
Allulose is a rare sugar that resembles fructose and is widely used in manufacturing sweeteners. Its characteristics such as low glycemic index and low-calorie nature makes it compatible with diabetic patients. Furthermore, it does not trigger blood insulin levels and blood pressure which makes it compatible with preparations such as diabetic meals, biscuits, and protein powders.
Increasing prevalence of diabetes and rising geriatric population in Europe is likely to propel product demand. Rare sugar solutions extracted naturally are widely being used in manufacturing sweeteners. These products provide similar taste to sugar without additional calories and does not lead to elevated insulin levels. Consumers in the region are rapidly moving towards adopting low calorie substitutes owing to rising awareness on fitness and health trends. Furthermore, industry players are rapidly investing in research, marketing and developing indigenous extraction technologies which is increasing acceptance in eyes of consumers, thus stimulating rare sugar market share.
“Rare sugar market from tagatose is likely to achieve over 4.9% CAGR through 2026 due to its numerous health benefits like it helps to promote glucokinase activity that promotes transfer of glucose to glycogen.”
Manufacturers operating in the rare sugar are enhancing their product offering by the incorporating rare sugar in end- use products such as functional beverages, dietary supplements. Industry players operating in the rare sugar market are zuChem, Douglas Laboratories, TATE & LYLE, Specom Biochemical, DuPont, Sanwa Starch, Matsutani Chemical Industry, Bonumose, Naturesupplies, Hebei Huaxu Pharmaceutical, CJ CheilJedang, Samyang Corporation, Ingredion and others.
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