The allulose market is projected to reach US$ 362.24 million by 2028 from US$ 232.91 million in 2021; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.
MARKET INSIGHTS & ANALYST VIEW:
Allulose, a rare natural sugar with minimal calories and no impact on blood sugar levels, is found in small quantities in certain fruits and grains. As a low-calorie sweetener, it offers a promising solution for individuals seeking to reduce their sugar intake without sacrificing taste. Its applications span across various industries, including food and beverages, pharmaceuticals, and personal care products. The rising prevalence of obesity, diabetes, and allulose benefits has driven the demand for allulose as a preferred sugar substitute. The allulose market has witnessed significant growth and recognition in recent years due to increasing consumer demand for healthier sugar alternatives. As research and production techniques continue to advance, the allulose market is projected to expand further, catering to health-conscious consumers worldwide.
GROWTH DRIVERS AND CHALLENGES
The increasing demand for low-intensity sweeteners is propelling the market's growth by addressing the global health concerns associated with excessive sugar consumption. As consumers become more health-conscious and seek alternatives to traditional high-calorie sweeteners, low-intensity sweeteners like allulose, stevia, erythritol, and monk fruit have gained popularity for their ability to provide sweetness without the caloric impact of regular sugars. These sweeteners are often preferred by individuals managing diabetes, obesity, and other metabolic conditions, as they do not significantly impact blood sugar levels. Additionally, their use in a wide range of food and beverage products allows manufacturers to offer healthier options without compromising on taste, thus meeting the growing demand for products that promote better overall health. As this trend continues to gain traction, the low-intensity sweetener market is projected to see continued growth and expansion across various industries in response to consumer preferences for healthier choices.
The high cost of allulose is acting as a significant restraint on the allulose market growth. Compared to traditional sugars and other low-calorie sweeteners, the production of allulose is currently more complex and resource-intensive. The limited natural sources of allulose and the relatively low yields during extraction or synthesis contribute to its higher price point. As a result, allulose supplier and vendor face challenges in incorporating allulose into their products without significantly impacting the final product's cost, which can deter price-conscious consumers from choosing allulose-based alternatives. Additionally, the high cost can also limit the availability of allulose in certain regions or market segments, preventing widespread adoption and consumer accessibility. As the market matures and production techniques improve, economies of scale may help address this challenge, making allulose more cost-competitive in the future and potentially driving allulose market growth.
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Allulose Market: Strategic Insights
Market Size Value in US$ 232.91 million in 2021 Market Size Value by US$ 362.24 million by 2028 Growth rate CAGR of 6.5% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Allulose Market: Strategic Insights
| Market Size Value in | US$ 232.91 million in 2021 |
| Market Size Value by | US$ 362.24 million by 2028 |
| Growth rate | CAGR of 6.5% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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REPORT SEGMENTATION AND SCOPE
The "Global Allulose Market Analysis to 2028" is a specialized and in-depth study with a major focus on the global allulose market trends and growth opportunities. The report aims to provide an overview of the global allulose market size with detailed market segmentation by form, application, and geography. The global allulose market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of allulose worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the allulose market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the allulose market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative allulose market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global allulose market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global allulose market is segmented based on form and application. Based on form, the allulose market is classified as, liquid and powder & crystals. Based on application, the allulose market is classified as, food & beverages and others. Based on food & beverages segment, the allulose market is further categorized into bakery & confectionery, dairy & frozen desserts, beverages, and others.
Based on form, the powder & crystals segment accounted for a significant allulose market share in 2021. These physical forms of allulose offer several advantages over liquid formulations, making them more appealing to both consumers and manufacturers. Firstly, powder and crystal forms are highly soluble, allowing for seamless incorporation into a wide range of food and beverage products without altering their texture or taste. This property makes them ideal for use in baking, confectionery, beverages, and other formulations where a consistent and uniform sweetening effect is essential. Secondly, powdered, or crystalline allulose offers a longer shelf life and improved stability, which is advantageous for food manufacturers in terms of storage and distribution. Furthermore, consumers find these solid forms convenient for portion control and easy measurement in home cooking and baking. The dominance of powder and crystals in the allulose market is, therefore, a result of their ability to meet the diverse needs of both consumers and industries, driving their widespread adoption and continued allulose market dominance.
REGIONAL ANALYSIS
The report provides a detailed overview of the global allulose market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
The North America allulose market is one of the largest markets having revenue more than US$ 73 million in 2021. In North America, the market for allulose is growing due to the increasing demand for low-calorie sweeteners as consumers sought healthier alternatives to sugar.
The Europe allulose market is expected to gain a substantial market share in 2028. The rising consumer awareness of the health risks associated with excessive sugar consumption has driven the demand for low-calorie sweeteners like allulose across Europe region. In Europe, the UK held the substantial share of allulose market.
The allulose market in Asia Pacific region is expected to reach CAGR of more than 6% during forecast period. In the Asia Pacific region is one of the largest markets for allulose due to shifting dietary preferences and rising health concerns. Countries such as Japan and South Korea, with their established market for low-calorie sweeteners, saw early adoption of allulose due to its origin in some traditional Asian fruits.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global allulose market.
- In November 2021, Ingredion, Inc has announced its involvement in the effort to gain approval for allulose in Europe. The collaboration between Ingredion, Matsutani Chemical Industry, and Tate & Lyle highlights the growing demand for healthier, low-calorie food and drink options in Europe.
- In July 2020, Samyang Corp. has announced that its Trusweet Allulose product has obtained a kosher certificate. Trusweet Allulose is a low-calorie sweetener made from allulose, a rare sugar that occurs naturally in small quantities in some fruits.
- In April 2020, Savanna Ingredients has announced that its low-caloric sugar – Allulose – obtained a selfaffirmed Generally Recognized As Safe (GRAS) status in the US.
IMPACT OF COVID
The COVID-19 pandemic had a mixed impact on the allulose market. On one hand, the increased emphasis on health and well-being during the pandemic led to a growing interest in low-calorie sweeteners like allulose, as consumers sought healthier alternatives to traditional sugars. The rising awareness of metabolic health and its link to the severity of COVID-19 infection drove many individuals to make healthier dietary choices, resulting in a surge in demand for products featuring allulose as a sugar substitute. Additionally, with people spending more time at home and engaging in home cooking and baking, there was a notable increase in the consumption of food products sweetened with allulose, as it allowed consumers to prepare healthier meals and treats while reducing their sugar intake.
On the other hand, the pandemic's disruptions in global supply chains and manufacturing operations affected the allulose market's growth. Production facilities faced challenges in maintaining regular operations, leading to potential shortages and increased costs. The restrictions on international trade and transportation also impacted the availability of allulose in some regions, hindering its distribution and market penetration. Moreover, the economic uncertainties caused by the pandemic led to changes in consumer spending behavior, with some opting for more budget-friendly options rather than premium-priced allulose products. Despite these challenges, the overall impact of COVID-19 on the allulose market is expected to be temporary, as the growing awareness of health and wellness and the demand for sugar alternatives are likely to drive the allulose market's continued expansion in the post-pandemic era.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the allulose market include Tate & Lyle Plc, Anderson Global Group, LLC, Ingredion Incorporated, Samyang Corporation, Apura Ingredients, Inc, Nutra Food Ingredients, Savanna Ingredients Gmbh, CJ Cheiljedang, Bonumose, Inc., and Matsutani Chemical Industry Co., Ltd., among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, China, India, Japan, Mexico, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United States
Frequently Asked Questions
In 2020, Asia Pacific held the largest share in the global allulose market. The rising demand for allulose as a natural, low-sugar, and low-calorie sweetener across the food & beverages industry is one of the key factors favoring the market growth in this region.
The major players operating in the global allulose market are Tate & Lyle Plc, Anderson Global Group, LLC, Ingredion Incorporated, Samyang Corporation, Apura Ingredients, Inc, Nutra Food Ingredients, Savanna Ingredients Gmbh, CJ Cheiljedang, Bonumose, Inc., and Matsutani Chemical Industry Co., Ltd., among others.
Based on type, the powders and crystals segment is projected to grow at the fastest CAGR over the forecast period owing to the ease of use as it dissolves more quickly, it offers icing, glazes, frosting, fillings, and sauces a smooth texture and thus used in many other applications, such as it is used for making beverages (e.g., tea and coffee), desserts, condiments, and sauces.
Based on application, the food and beverages segment held the largest market share in 2020. Allulose is widely used in food and beverage products, such as baked foods, confectionery, and beverages. It is also used in desserts, ice creams, whipped creams, cheese, and other products. Chocolates and milk candies also employ allulose extensively. Further, there is a rising demand amongst consumers for products that not only deliver the indulgent mouthfeel, texture, and sweetness but are lower in sugar and calories, which will boost the segments during the forecast period.
The rising demand for low-intensity sweeteners, owing to the rising prevalence of health issues such as diabetes and obesity, is one of the key factors driving the allulose market.
The List of Companies - Allulose Market
- Tate & Lyle PLC
- Anderson Global Group, LLC
- Ingredion Incorporated
- Samyang Corporation
- Apura Ingredients, Inc
- Nutra Food Ingredients
- Savanna Ingredients GmbH
- CJ CheilJedang
- Bonumose, Inc.
- Matsutani Chemical Industry Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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