Allulose Market Report
Allulose Market, by Form (Powder, Liquid, and Other Forms), Application (Pharmaceuticals, Savory Dishes, Beverages, Bakery Products, Tabletop Sweeteners, Coffee Mix), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
Allulose Market Analysis:
Allulose is a naturally occurring sweetener that has extremely low-calorie content. It acts as a substitute for full caloric sugar and offers the same taste and similar texture. Allulose is majorly utilized in the production of edibles like ice cream, cakes, chocolates, biscuits, etc. and beverages and offers the same mouth feel as regular sugar would. Allulose is found naturally in multiple grains and fruits in a small amount. Some of the major allulose sources are molasses, wheat, figs, jackfruit, raisins, maple syrup, brown sugar, and others. Due to its natural occurrence, it is often referred safe to consume and called a natural sweetener. Owing to its low sugar content, allulose is widely consumed by diabetic people as it maintains the sugar level.
Growing awareness about health issues to drive the market growth
People across the globe have become more health-conscious and are looking for better alternatives to consume. Regular consumption of high-calorie sugar can negatively impact the health of a person and can lead to early problems and health issues like diabetes, obesity, high blood pressure, heart diseases, strokes, liver diseases, and other health problems. To avoid all such diseases and health issues, people have become highly aware of their daily sugar intake and are opting to consume low-calorie substitutes like allulose, which have the same taste and texture but are least harmful to their health. Consumers have made major changes to their eating habits and lifestyle by decreasing the high-calorie sugar intake and further opting to consume snacks, food items, and beverages that have low sugar content and are usually made using allulose as a sweetener.
Price fluctuation in raw materials to negatively impact the market growth
Since allulose is a natural sweetener and is derived from fruits and grains, the cost of allulose majorly depends on the price of these natural products. The rising prices of fruits and grains in the global market have made the overall cost of allulose to rise, negatively impacting the market as its users are replacing it for cheap artificial sweeteners.
Rising demand for low-calorie edibles and growing sugar-related diseases have created a lucrative opportunity for allulose market
Rising consumer awareness has opened a whole new market opportunity for allulose growth. Consumers are looking for low calorie and low sugar content edibles for daily consumption. Modern-day dieting plans and health enthusiasts are on a continuous search for low sugar snacks, food items, and beverages that give them the same mouthfeel but have the least sugar-related calories. Further increase in sugar-related diseases like diabetes has forced people to consume only low-calorie sugar alternatives. All these factors have created a lucrative opportunity for the allulose market to grow.
Allulose Market, by Form:
Powder allulose segment will be the most lucrative till 2026
Powdered allulose will have a dominating share in the global market, and they are expected to register a significant revenue during the forecast timeframe. The powdered allulose segment is majorly growing globally owing to its convenience and wide applications. It is used in restaurants as tabletop sweeteners, used in bakeries, ice cream parlors, and food item manufacturers. The powdered form of allulose is cheaper as compared to other forms and also easily available, making them more preferable.
Allulose Market, by Application:
Bakery Products will have significant growth
The bakery products segment will register maximum growth in the allulose market during the forecast period. Due to growing health concerns and in general consciousness among consumers to consume low sugar, bakeries worldwide are opting to use the only allulose. Bakeries have opted to use allulose with a motive to increase their consumer base as a product made of allulose can be consumed by anyone, even a diabetic patient. Some of the major products that bakeries produce using allulose are cakes, chocolates, ice-cream, biscuits, sweets, and other food items.
Allulose Market, by Region:
North America to hold the largest market share
North America region will hold the largest market share in the allulose market during the forecast timeframe. The region is increasingly becoming health conscious, and people are opting to consume low-calorie sugar. Further, the increasing demand for allulose from the end-user industry is positively impacting market growth. Also, various governments from the region are promoting the consumption of allulose over-processed high-calorie sugar. For instance, the USA’s Food and Drug Administration (FDA), a government-operated body, has put the sugar and allulose under the category of Generally Recognized As Safe
(GRAS) item for a very long time.
Europe to grow exponentially in allulose market
Europe region is anticipated to grow exponentially in the allulose market during the forecast period owing to a rise in allulose consumption. Various end-use industries from the region have started using allulose as a thickening agent. Growing diseases related to sugar in the region have created an opportunity for the allulose market as nutritionists and doctors are highly recommending it. Also, growing awareness about allulose and the benefits related to it has motivated people from the Europe region to avoid high calorie sugar and maximize allulose consumption completely.
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Key Participants in the Global Allulose Market:
Merger & acquisition and advanced product development are the frequent strategies followed by the market players
Some of the significant allulose market players include QuestNutrition, Bonumose LLC, Tate & Lyle, Ingredion Incorporated, CJ CHEILJEDANG CORP., Matsutani Chemical Industry Co., Ltd., Icon Foods, Anderson Advanced Ingredients, Apura Ingredients, SAMYANG CORPORATION.
Market Players prefer inorganic growth strategies to expand into local markets.
Allulose market players are emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the Porter’s five forces model is explained in the report.
Historical Market Estimations
Base Year for Market Estimation
Forecast timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Type
Segmentation by Application
Key Countries Covered
U.S., Canada, Germany, France, Spain,
Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia
Key Companies Profiled
Source: Research Dive Analysis
Q1. Which are the leading companies in the allulose market?
A. Tate & Lyle, SAMYANG CORPORATION, and Anderson Advanced Ingredients are the leading companies in the allulose market.
Q2. Which region possesses greater investment opportunities in the coming future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q3. What are the strategies opted by the leading players in this market?
A. Technological advancements, product development, along with joint ventures, are the key strategies opted by the operating companies in this market.
Q4. Which companies are investing more in R&D practices?
A. Apura Ingredients and Bonumose LLC are investing more in R&D practices.