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
The allulose market is expected to grow significantly by 2027 owing to growing incidences of lifestyle diseases such as diabetes and obesity. In addition, a shift in consumer preferences towards healthy food choices and low-calorie diets is projected to augment market adoption further.
Allulose is a naturally occurring low-calorie sugar which is widely utilized in the production of various food items and beverages. It is an effective alternative to sugar and is popular among consumers who are health conscious or suffering from chronic life-styles disorders as it helps maintain blood sugar levels without being metabolized in the body.
Mounting demand for sustainable and natural ingredients worldwide has also augmented market demand in recent years.
Prominent industry players have been employing various lucrative strategies to strengthen their foothold in the rapidly evolving allulose market, which has significantly influenced overall market dynamics. For instance, in May 2021, Amyris Inc., a leading biotechnology company specializing in the Clean Health and Beauty segment, inked a partnership with Ingredion Incorporated, a major provider of ingredients solutions, to facilitate the exclusive licensing of Reb M sweetener, which is an innovative natural zero-calorie sweetener, launched by Amyris.
Amyris' leading synthetic biology technology platform for developing, scaling, and producing fermentation-based products, combined with Ingredion's global market and customer reach, formulation capabilities, and commercial teams, has bolstered the adoption of natural and low-calorie sweeteners as well as other clean labeled fermentation-based food ingredients to the world's leading food enterprises.
The overall allulose market has been segmented into different sections on the basis of application, type, and region.
In terms of type, the market has been divided into liquid, crystal, and powder. The crystal type segment is expected to showcase steady growth over the analysis period, owing to its increasing use in a range of food and beverages applications.
Based on application, the market has been bifurcated into beverages, food (sauces & dressings, dairy & frozen desserts, bakery & confectionery, ice-cream & desserts, and table-top sweetener), and pharmaceuticals.
Under food, the dairy & frozen desserts segment is predicted to expand at a notable pace through the forecast period. Allulose provides various health benefits, especially for consumers suffering from diabetes and other related disorders, which is likely to bolster product demand.
The pharmaceuticals sub segment is anticipated to see optimistic growth over the study timeline, owing to its growing application as a popular sugar substitute in cough syrups and other medicines containing high-calorie sugar content.
From the regional perspective, the Europe allulose market is projected to sustain robust growth throughout the review period on account of the favorable outlook from end-use sectors and the region’s diverse range of food applications.
The Latin America allulose market is slated to garner substantial gains by the end of 2027, owing to increasing consumer awareness regarding healthy sweeteners and powdered allulose products across the region. Moreover, growing product applications in the food & beverage industry across Mexico, Brazil, and Argentina, is estimated to accelerate market expansion.
The Middle East & Africa allulose market is speculated to witness stable product demand during the assessment timeline due to the increasing sophistication of the food & beverage industry across key emerging economies in the region. Additionally, the rising prevalence of deficiency of vital vitamins and minerals among the young population is predicted to facilitate high demand in the region, thereby fueling revenue growth.
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