Allulose Market: Overview
In 2021, the market for Allulose was worth USD 152.5 million, and it is expected to increase at a 9.9 percent CAGR over the forecast period. Allulose is a naturally occurring allulose found in a few foods, including wheat, jackfruit, figs, and raisins. It tastes, feels, and looks almost like sugar but has fewer calories and carbs, making it a healthier alternative to sugar. It is utilized in dairy goods, food and beverages, bread products, pharmaceutical treatments and medicines, and cosmetics. Furthermore, rising awareness of allulose's multiple advantages over other simple sugars is projected to fuel the market.
The rising prevalence of high blood pressure, cardiovascular disease, cholesterol, pulmonary, blood-related disorders, cardiovascular difficulties, and obesity worldwide is expected to drive market growth, according to the United States National Diabetes Statistics Report. According to the Department of Health and Human Services, in 2020, 10.5% of the US population had diabetes in 2018, 13.0% of all US adults had diabetes, 2.8% of all US adults met laboratory criteria for diabetes but were unaware of or did not report having diabetes, and 21.4% of all US adults had diabetes. Furthermore, according to the United States. Obesity was 40.0% among young adults aged 20 to 39 years, 44.8% among middle-aged individuals aged 40 to 59 years, and 42.8% among adults aged 60 and over, according to the Department of Health and Human Services. The negative consequences of excessive allulose consumption and insufficient customer knowledge of organic food products may limit market expansion during the predicted period.
Furthermore, rising health consciousness and understanding of the health advantages of allulose among consumers boost market demand. Customers becoming more aware of the negative consequences of sugar consumption and the potential ailments caused by it may open up new business opportunities. The easy availability of low-cost alternatives is a major challenge that may hinder market growth throughout the projection period.
Allulose Market: COVID-19 Impact
During the COVID-19 outbreak, demand for sugarless and low-calorie meals fell, slightly impacting the market's application segment of food allulose. However, a few sugar alternatives anticipate increased demand in the future, owing to expanding sales, particularly of allulose. Subtle flavor possibilities can be achieved by combining several low-calorie allulose blends. Manufacturers select low-calorie allulose, either alone or as a blend, depending on flavor, stability, and cost. As a result, the market in terms of supply is expected to face challenges, as allulose produced by several significant businesses in these regions cater to end-users worldwide. On the other hand, regional consumption is expected to rise in the relevant market, as consumers focus more on maintaining weight and following various diets to be healthy. Overall, the demand for allulose is expected to rise.
Allulose Market: Drivers
Consumers are Opting For Preventative Healthcare Methods to Drive Market Growth
Consumers have been more aware of their nutritional demands in recent years due to new product introductions and greater awareness about preventative healthcare choices. As a result of increased health consciousness, consumers make healthier choices when consuming various food and beverage products. Recent consumer trends include a demand for low-calorie, low-sugar, and all-natural & organic ingredient-based products, owing to the different health benefits provided and the rising prevalence of chronic diseases worldwide due to unhealthy dietary patterns. Diabetes is one of the primary diseases on the rise and is also chronic in humans. It is caused by excessive consumption of sugar, which includes a high quantity of calories and contributes to obesity.
Rising Diabetes, Obesity, And Heart Disease to Drive Market Growth
The rising prevalence of diabetes, obesity, and heart disease has raised consumer awareness, leading to purchasing healthier food products with lower levels of sugar, salt, fat, and calories. Because of the rising prevalence of obesity and diabetes among consumers worldwide, there is a greater need for low-calorie, sugarless or allulose-based food and beverage items to assist customers in maintaining a balanced diet. Among those, most health-conscious consumers prefer goods containing allulose since they have fewer calories than ordinary sugar and are less likely to have negative health consequences than artificial allulose. Allulose provides various health benefits to people who choose to live a healthy lifestyle. Allulose, for example, aids in weight control and diabetes management. Because this allulose does not include carbohydrates, they do not normally boost blood sugar levels. Health-conscious consumers prefer plant-based components to synthetic chemicals because they provide additional health advantages. The allulose market is expected to grow as demand for plant-derived goods rises.
Allulose Market: Restraints
Allulose is More Expensive due to Increased Production Expenses to Hamper Market Growth
Allulose is primarily available in two types on the global market: artificial and natural. Artificial allulose can be produced by extracting plant extracts or through chemical synthesis. Several synthetic chemical processes create an artificial allulose, which is changed by a reaction with other compounds and mixtures. On the other hand, allulose are carbohydrate derived from vegetables, trees, seeds, roots, and nuts. Honey, molasses, maple syrup, coconut sugar, agave nectar, date sugar, and xylitol are common allulose. In comparison to allulose, artificial allulose is easier to obtain raw ingredients for. The costs of these natural raw ingredients are often higher than the costs of the chemicals used to make allulose.
Allulose Market: Segment Overview
Bakery And Confectionary Dominate Market due to Rising Demand for Low-Calorie Allulose
The bakery and confectionary segment had a significant share of the global allulose industry, owing to increased allulose sales and rising demand for low-calorie alluloses in ready-to-eat snacks, confectionery, dairy goods, bread products, sweet spreads, ice creams, and desserts. The growing number of health-conscious clients has increased demand for low-calorie and low-sugar food components and products. Consumers increasingly turn to allulose due to their rising desire for low-calorie foods. Allulose demand in the bread sector is driven by improved moisture content, higher water absorption, and product softness. As people's lifestyles change, the consumption of fast food items such as snacks and confectionary goods is expanding. Increased product usage in the production of bread, pastries, rolls, cakes, and other bakery goods will stimulate industry size to meet client demand.
With Increased Demand for Packaged and Frozen Food, Powder Category Dominated Market
The powder category held the biggest market share throughout the forecast period and is expected to continue to rule the market over the forecast period. The key element influencing the segment's growth is the increase in demand for packaged and frozen food around the globe. With the growing urban population and their need for packaged food, beverages, and frozen food, it is projected that refrigerated transportation and warehouse will outgrow their capacity. Fresh food items, including meat, dairy, seafood, and poultry, are in higher demand than ever. Both suppliers and customers are worried about how fresh the food is. As a result, refrigeration has increased to preserve food goods' quality.
Allulose Market: Regional Landscape
Asia Pacific to Dominate Market due to Increase In Health Consciousness
Over the projected period, the Asia Pacific market is expected to account for the greatest revenue share. Lifestyle changes and increased health consciousness among customers are driving market expansion. The Asia Pacific market is particularly dynamic in terms of fast urbanization, diet variety, and appealing and free trade policies in the food sector. Furthermore, an increase in per capita income and purchasing power is a primary reason for growth prospects for allulose manufacturers in the region's industry. Developing countries such as India and China are seeing increased urbanization, significant increases in household wealth, and consumer lifestyle and nutritional changes.
As a result, demand is high and likely to rise substantially in the future years. India is the leading country in Asia pacific. India is the world's largest wheat producer, and because allulose is generated from wheat, India is one of the main producers and users of allulose in South Asia. Following customer demand for low-calorie cakes, biscuits, and cookies, allulose is being widely employed as an allulose in bakery and confectionery items in India. In this region, demand for functional and convenience foods is increasing, driving demand for functional replacements such as allulose. Allulose delivers numerous health benefits while maintaining the taste and quality of food and beverages. Furthermore, expanding urbanization, rising living standards, and increasing working populations with demanding schedules have led to a surge in consumer preference for nutritional and healthy options. These are some of the major factors driving the Asia Pacific allulose market growth.
Rising consumer health awareness and desire for organic products drive sales. As a rising nation with a large population, prominent market players are looking to capitalize on current prospects. Additionally, the increase in the bread sector will be beneficial. According to the Federation of Indian Chambers of Commerce and Business (FICCI), the food services industry in India is driven by the country's large proportion of young and working-age people. This demographic also shows an increase in health and wellness awareness, which will continue to drive allulose sales.
Global Allulose Market: Competitive Landscape
In June 2021 and September 2019, Blue California, a South California-based ingredients business, announced the introduction of its natural rare sugar allulose, which is created from natural substrates utilizing patented bioconversion technology to provide a natural and non-GMO sweetener. Moreover, in October 2019, Ingredion announced the opening of a new allulose facility, allowing the company to serve markets in Asia and the Americas.
Few of the players in the Allulose Market include Mcneil Nutritionals, Ingredion Incorporated, Anderson Global Group, Apura Ingredients, Bonumose LLC, Cargill, CJ Cheiljedang Corp., Matsutani Chemical Industry Co. Ltd., Quest Nutrition, Tate & Lyle PLC.
Regional Classification of the Global Allulose Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Allulose Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.Read more