Rare Sugar Market size is set to surpass USD 1.70 billion by 2027, according to a new research report by Global Market Insights Inc.
Rapid adoption by pharmaceutical industry and supplement industry owing to its low calorific value is likely to augment market growth. Moreover, market players are rapidly moving towards launching D-Xylose based solutions in their portfolio to enhance their branding initiatives and expand consumer base around the globe.
Wide applications of allulose in various cosmetic products including anti-aging creams & lotions will fuel its market growth over the forecast period
Rare sugar market from allulose exceeded USD 40 million in 2020 and is set to register around 9.5% CAGR between 2021 and 2027. Allulose is derived from figs, jackfruit & raisins and is widely used in manufacturing luxury, vegan and herbal cosmetic solutions. Also, allulose solutions are widely used in manufacturing anti-aging creams & lotions and acne solutions. Changing consumer perceptions towards natural cosmetic solutions and rapid shift towards high quality ingredients should boost consumption. Moreover, market players are rapidly adopting rare sugar solutions in an attempt to remain competitive in post COVID economy and strengthen brand image. As allulose solutions help in branding cosmetic products with all natural & sustainable tag lines as this helps in improving brand image in competitive market scenario.
Growing demand for high performance pharmaceutical products should propel the rare sugar industry expansion
Rare sugar market from pharmaceuticals application is projected to surpass USD 250 million by 2027. Increasing demand for high performance pharmaceutical solutions and rapid penetration in manufacturing topical solutions is likely to trigger the market expansion. Furthermore, rare sugar solutions are also used in manufacturing medicines for bone diseases, infections, and strengthening immune system. They are used as building block to synthesize nucleoside analogues, which are used as anti-cancer and antiviral agents.
Browse key industry insights spread across 170 pages with 155 market data tables and 28 figures & charts from the report, “Rare Sugar Market Statistics 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, 2021 - 2027” in detail along with the table of contents:
Rapid urbanization and industrial development in Asia Pacific are estimated to fuel the regional market share.
Asia Pacific rare sugar market surpassed USD 425 million in 2020 and is set to register over 4.5% CAGR in the forecast timeframe. Rising disposable income and changing perceptions of dermatological aspects of skin care is likely to boost rare sugar demand in the region. The rise in economic standards along with rapid increase in demand for cosmetics products, owing to change in consumer lifestyle and increasing working women stimulating the regional industry outlook. However, the COVID-19 pandemic gravely impacted the operation of various industries and affected the demand & supply of rare sugar for a short-term owing to the destruction of the supply chain and temporary shutdown of manufacturing units. Although, Industry players in the region are rapidly adopting rare sugar solutions in manufacturing luxury cosmetics, owing to ring demand for natural ingredients in the various industries including cosmetic after the outbreak of covid-19.
Key players in the rare sugar market are implementing different strategies including product enhancements, mergers & acquisitions to improving their performances over worldwide. For instance, in July 2020, Ingredion company is a leading global producer of ingredient solutions for varied industries, has completed its acquisition of PureCircle limited. The company is leading innovator and producer of plant-based stevia sweeteners and flavors for food and beverage application. This acquisition make Ingredion company agreed to hold and control 75% stake in stevia pioneer PureCircle and help company to enhance its product portfolio and global footprint.
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