Allulose Market by Form (Powder & Liquid), Application (Bakery & Confectionery, Beverages, Cereals, Dairy, Sugar & Sugar Substitutes) - Analysis & Forecast 2019-2030
Report ID : 135 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : FB-7
Allulose Market Overview and Introduction
Allulose is a low calories sugar with the same sweetness, taste, and texture as that of sugar. Allulose is classified as a rare sugar which is naturally present in only a handful of foods including figs, wheat, raisins, and maple syrup. It contains 0.4 calories per gram (g) that is considerably low when compared with 4 calories per g in sugar. Allulose helps to reduce human body fat, blood cholesterol, blood sugar levels.
The global allulose market is driven by the growing demand for sugar substitutes, the growing prevalence of obesity and diabetes, and the growing application horizon of allulose. However, high production costs and low availability in natural forms restrain market growth to a certain extent. Moreover, strict rules & regulations have limited the production of low-intensity sweeteners in a few regions, which is also the major barrier for market growth.
Allulose Market By Form & By Application
The global allulose market is segmented by form, application, and region. Based on form, the allulose market is segmented into powder and liquid. The powder segment is estimated to account for the largest market share. The large share of this product segment can be attributed to its solid form that can be used in various new applications such as tabletops sweeteners, chocolates, confectionery, fat-based creams, dry beverages, and meal replacement mixes. Based on application, the allulose market can be segmented into bakery & confectionery, beverages, cereals, dairy, sugar & sugar substitutes, and others. The bakery & confectionery segment accounted for the largest market share. The large share of this segment can be attributed to allulose having flavor and texture similar to sucrose and a high browning point for preparation of bakery products including cookies, cakes, pies, pastries & frostings, chewing gum, jam, jellies, and candies.
Allulose Market By Region
The global allulose market can be segmented into North America, Asia Pacific, and the Rest of the World (ROW). Asia Pacific dominated the allulose market followed by North America. Asia Pacific will continue to dominate the global allulose market during the forecast period owing to factors such as increasing demand for ready-to-eat snack foods coupled with growing demand for sugar substitutes. Moreover, the rising number of diabetic patients and increasing production of allulose as a result of stabilizing agents used in foods application will also boost the market share in this region.
Allulose Market Prominent Players
Some prominent players in the global allulose market include Tate & Lyle, CJ CheilJedang, Matsutani Chemical Industry Co., Anderson Advanced Ingredients, LLC, Bonumose LLC, Icon Foods, Samyang Corporation, Ingredion, Inc., Apura Ingredients, Savanna Ingredients GmbH, and others.