According to the research report titled ‘Allulose Market Size By Type (Powder, Liquid, Crystal), By Application (Food, (Bakery & confectionary, Table-Top Sweetener, Dairy & Frozen Desserts, Sauces & Dressings, Ice Creams and Desserts), Beverages, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, allulose market is likely to expand significantly during 2021-2027.
An increase in occurrence of diseases like diabetes and obesity is the major driver for growth of global allulose market. People suffering from chronic disorders are bound to make lifestyle changes, thereby opting for healthier alternatives, which is boosting the demand for effective sugar alternatives.
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For the unversed, allulose is a naturally sourced low-calorie sugar often utilized in the production of a wide range of food items and drinks. It is a preferred sugar substitute among customers who are health-conscious or have chronic lifestyle diseases since it helps in maintaining sugar levels without being metabolized by the body. Preference for sustainable and natural products is also bolstering the market demand.
As per type, allulose industry is categorized into liquid, crystal, and powder. Because of its expanding use in several food and beverage applications, the crystal type segment is anticipated to rise steadily during the analysis period.
Based on application ambit, the market is segmented into food (dairy & frozen desserts, bakery & confectionery, sauces & dressings, table-top sweeteners, ice-cream & desserts), pharmaceuticals, and beverages. The pharmaceuticals segment is poised to generate considerable demand through 2027, owing to product usage as a sugar substitute in medicines and cough syrups having high-calorie sugar content.
Regionally, Latin American allulose market is slated to record strong CAGR over 2021-2027, because of rising consumer knowledge of healthy sweeteners and powdered allulose products across the region. Furthermore, expanding product applications in the food & beverage industry in Mexico, Brazil, and Argentina is projected to propel the market growth.
Companies like CJ CheilJedang Group, Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., Samyang Corporation, Tate & Lyle PLC, Anderson Global Group, and Bonumose LLC among others define the competitive landscape of the global allulose market.
Questions and answers: Allulose market
Q1: Which factors are driving growth of worldwide allulose market?
Answer: Increase in occurrence of diseases like diabetes and obesity, alongside rising demand for sustainable & natural products are the major drivers for growth in the allulose market. .
Q2: How will Latin America emerge as lucrative growth avenues in global allulose industry?
Answer: Rising consumer knowledge of healthy sweeteners and powdered allulose products across the region, and expanding product applications in food & beverage industry in Mexico, Brazil, and Argentina are enabling Latin America to contribute to market valuation.
Q3: Which companies define the competitive landscape of the allulose market?
Answer: Companies like CJ CheilJedang Group, Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., Samyang Corporation, Tate & Lyle PLC, Anderson Global Group, and Bonumose LLC among others define the competitive landscape of the allulose market.
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