The global allulose market was valued at $162.5 million in 2021, and is projected to reach $387.8 million by 2030, growing at a CAGR of 10.1% from 2022 to 2030.
Allulose is made from grains that are naturally grown. Organic raw materials are made from natural sources and do not contain any harmful chemicals. As a result, there are no synthetic pesticides, dyes, or preservatives in allulose. Although not gluten-free, these grains are a good source of iron and plant-based protein. Increased knowledge of the different advantages of organic products over their conventional equivalents has resulted in an increase in demand. Over the last few years, demand for products free of harsh chemicals, petrochemicals, and preservatives has increased. Consumer demand for organic food products has risen significantly, owing to a growth in health consciousness. This has resulted in considerable demand for allulose.
Allulose and its products have benefited from consumers' increased willingness to spend more on organic items. Consumers want their products to be ethically manufactured, and they associate organically certified allulose with a chemical-free production and processing method. This can be ascribed to changing lifestyles and food business trends, which have increased the demand for healthier food ingredients. Consumers have become increasingly aware of the components used in the production of the meals they consume, and they carefully examine product labels. Manufacturers have increased their research and development spending in order to increase production and meet changing consumer demands. As a result, manufacturers are primarily focused on obtaining allulose.
Increased consumer awareness and their increasing interest in a healthy lifestyle have led to increased demand for healthy drinking products containing less preservatives and less sugar content. Considering consumers' interest, companies are launching gluten-free, sugar-free ready to drink beverages. Furthermore, growing health awareness and demand for convenience food & beverages is anticipated to drive the allulose market. Europe is leading in the beverages market and is expected to rapidly grow in the allulose market.
The global allulose market is segmented on the basis of type, nature and application. On the basis of type, the market is divided into powder, liquid, and crystal. On the basis of nature, the market is divided into organic and conventional. Based on application, the market is divided into food, bakery & confectionery, dairy & frozen desserts, sauces & dressings, beverages, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Anderson Global Group, Apura Ingredients, Bonumose LLC, Cargill, Incorporated, CJ CheilJedang, Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., McNeil Nutritionals, Quest Nutrition and Tate & Lyle.
Allulose is made from grains that are naturally grown. Organic raw materials are made from natural sources and do not contain any harmful chemicals. As a result, there are no synthetic pesticides, dyes, or preservatives in allulose. Although not gluten-free, these grains are a good source of iron and plant-based protein. Increased knowledge of the different advantages of organic products over their conventional equivalents has resulted in an increase in demand. Over the last few years, demand for products free of harsh chemicals, petrochemicals, and preservatives has increased. Consumer demand for organic food products has risen significantly, owing to a growth in health consciousness. This has resulted in considerable demand for allulose.
Allulose and its products have benefited from consumers' increased willingness to spend more on organic items. Consumers want their products to be ethically manufactured, and they associate organically certified allulose with a chemical-free production and processing method. This can be ascribed to changing lifestyles and food business trends, which have increased the demand for healthier food ingredients. Consumers have become increasingly aware of the components used in the production of the meals they consume, and they carefully examine product labels. Manufacturers have increased their research and development spending in order to increase production and meet changing consumer demands. As a result, manufacturers are primarily focused on obtaining allulose.
Increased consumer awareness and their increasing interest in a healthy lifestyle have led to increased demand for healthy drinking products containing less preservatives and less sugar content. Considering consumers' interest, companies are launching gluten-free, sugar-free ready to drink beverages. Furthermore, growing health awareness and demand for convenience food & beverages is anticipated to drive the allulose market. Europe is leading in the beverages market and is expected to rapidly grow in the allulose market.
The global allulose market is segmented on the basis of type, nature and application. On the basis of type, the market is divided into powder, liquid, and crystal. On the basis of nature, the market is divided into organic and conventional. Based on application, the market is divided into food, bakery & confectionery, dairy & frozen desserts, sauces & dressings, beverages, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Anderson Global Group, Apura Ingredients, Bonumose LLC, Cargill, Incorporated, CJ CheilJedang, Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., McNeil Nutritionals, Quest Nutrition and Tate & Lyle.
Key Market Segments
By Nature
- Organic
- Conventional
By Type
- Powder
- Liquid
- Crystal
By Application
- Food
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Sauces and Dressings
- Beverages
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of Latin America
Key Market Players
- Anderson Global Group
- Apura Ingredients
- Bonumose LLC
- cargill
- CJ Cheiljedang Corp.
- Ingredion Incorporated
- Matsutani Chemical Industry Co. Ltd.
- mcneil nutritionals
- quest nutrition
- Tate & Lyle PLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ALLULOSE MARKET, BY NATURE
CHAPTER 5: ALLULOSE MARKET, BY TYPE
CHAPTER 6: ALLULOSE MARKET, BY APPLICATION
CHAPTER 7: ALLULOSE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Allulose Market," the allulose market was valued at $162.40 million in 2021, and is estimated to reach $387.40 million by 2030, growing at a CAGR of 10.1% from 2022 to 2030.Allulose is a sugar substitute that has the same taste and feel as sugar but contains 90% fewer calories than other sweeteners. Allulose's composition is quite like fructose and glucose due to its unique oxygen and hydrogen structures. Because of the modest contrast, the sugar substitute can replace a reasonable amount of table sugar while retaining a sweetness level of up to 70%.
The global allulose market is segmented based on type as powder, liquid, and crystal. On the basis of nature, the market is segmented as organic and conventional. Based on application the market is divided into food, bakery & confectionery, dairy & frozen desserts, sauces & dressings, beverages, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the leading allulose market players are Anderson Global Group, Apura Ingredients, Bonumose LLC, Cargill, Incorporated, CJ CheilJedang, Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., McNeil Nutritionals, Quest Nutrition, and Tate & Lyle
The report focuses on the global allulose industry share growth and the major products & applications where allulose is used. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for Allulose in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
IMPACT OF COVID-19 ON THE GLOBAL ALLULOSE MARKET
- COVID-19's pandemic has posed major medical, social, and economic concerns. However, the medical community is focused on developing effective diagnostic and treatment methods. Furtehrmore, the food and beverage business is focused on generating nutritious items that help the body fight disease by boosting immunity.
- Due to the increasing spread of the COVID-19 infection in various regions/countries, the market observed a positive growth in 2020 owing to rise in health consciousness among people, the market is anticipated to observe further growth in post pandemic phase 2021
- COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to fewer workforces. However, there is a sluggish decline in the global allulose market due to impact of COVID-19.
- Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using allulose, thereby affecting the global Allulose market growth.
Key Findings of the Study
- The report provides in depth analysis regarding the allulose market size and allulsoe market share along with the future trends of the market.
- Based on application, the bakery & confectionary segment emerged as the global leader in 2021 and is anticipated to hold a considerable market share during the forecast period.
- Based on region, North America, headed by the United States and Canada, is predicted to grow significantly over the forecast period, owing to rising demand from the food and beverage industry in the region.
- Based on nature, consumers are altering their dietary preferences from conventional to organic as the number of cases of sugar and cholesterol-related ailments are rising.
- Based on type, powdered segment dominates the global allulose market in 2021. Due to its good compatibility with other raw materials, powder form is frequently chosen in the production process, fueling sector expansion.
Companies Mentioned
- Anderson Global Group
- Apura Ingredients
- Bonumose LLC
- Cargill
- Cj Cheiljedang Corp.
- Ingredion Incorporated
- Matsutani Chemical Industry Co. Ltd.
- Mcneil Nutritionals
- Quest Nutrition
- Tate & Lyle plc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | June 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 162.5 million |
| Forecasted Market Value ( USD | $ 387.8 million |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
