Allulose Market Report
Allulose Market by Type (Powder, Liquid, and Crystal), Nature (Organic and Conventional), Application (Food, Bakery & Confectionery, Dairy & Frozen Desserts, Sauces & Dressings, Beverages, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2030
Global Allulose Market Analysis
The global allulose market is predicted to garner a revenue of $387.8 million in the 2022–2030 timeframe, growing from $162.5 million in 2021 at a healthy CAGR of 10.1%.
The allulose industry is predicted to grow at an exponential rate in the coming years as consumers have become more conscious of the importance of having better products for their health. Ease in government limitations such as approval from government towards use of allulose as general purpose sweetener is a aid to the growth of the market. The expansion of low-calorie and low-sugar-related food and beverages is likely to be aided by the large increase in the number of health-conscious customers around the world. Allulose has a similar sweetness to fructose and contains 70% of sucrose's overall sweetness. In the coming years, an increase in favorable government policies such as greenlight for allulose by FDA in South Africa is also predicted to boost the industry growth.
Allulose products require proper deep freezing and storage facilities. Inappropriate storage and transport facilities in small retail stores are a major challenge for the industry in developing economies. Rural areas of huge developing markets including India and China have storage, refrigeration, and electricity problems, which is a challenge for the big allulose market players. Additionally, lack of transport facilities makes the distribution of frozen products including ice creams difficult.
According to the regional analysis of the market, the LAMEA allulose market share is anticipated to grow at a CAGR of 11.0%, by generating a revenue of $61.8 million during the review period.
Allulose Market Overview
Allulose can be found in a range of food products, including wheat and fruits like jackfruit, figs, and raisins, making it an excellent natural sweetener for dieters. The fact that allulose has various health benefits, such as maintaining the blood sugar and reducing oxidative stress and inflammation, therefore lowering the risk of chronic diseases like arthritis and irritable bowel syndrome (IBS), is expected to drive product demand.
COVID-19 Impact on Allulose Market
The food & beverage industry is currently facing challenges due to the COVID-19 outbreak, which was declared a pandemic by the World Health Organization (WHO) on 11 March 2020. However, the worldwide allulose market has benefited from the COVID-19 pandemic. The rapid spread of the coronavirus sent shockwaves around the world, making people increasingly health conscious. The COVID-19 pandemic made people realize how important it is to live a healthy lifestyle and have good immunity against this virus and any future threats. Because allulose, a natural sweetener, is a healthier alternative to white processed sugar, its demand has recently increased.
Increasing Occurrences of Diabetes, Obesity, and Heart Diseases is Anticipated to Drive the Growth of the Market
Diabetes, obesity, and heart diseases are on the rise, pushing customers to seek out healthier food choices with less sugar, salt, fat content, and calories. Several studies have connected excessive meat consumption, particularly red meat, to an increased risk of cardiovascular disease. As a result, plant-based products are being used more frequently. Plant-based products are preferred by health-conscious consumers over synthetic items because they give additional health benefits. The allulose market is projected to gain traction as the demand for plant-derived products will grow.
To know more about global allulose market trends, get in touch with our analysts here.
Government Regulations Might Restrict the Market Growth
There are stringent government norms concerning storage conditions and the atmospheric conditions of the country. These are to be strictly followed to avoid any kind of food-borne diseases. Moreover, round-the-clock quality checks by food inspectors are conducted to ensure that prescribed rules and regulations are being followed.
Investments by Small- & Mid-Sized Food Product Manufacturing Companies are Expected to Increase the Opportunities
The allulose market is highly fragmented, which creates opportunities for small- & mid-sized companies to invest in this market. As the diversified players that dominate the allulose industry have limited presence, stakeholders are planning to invest and expand their business by innovating new products. Thus, small and medium enterprises (SMEs) can take advantage of premium-priced allulose-based products. Furthermore, several companies are completely dedicated to the production and sale of allulose-based products. Thus, such factors shall create an opportunity for the market to gain major traction in the coming years.
To know more about global allulose market opportunities, get in touch with our analysts here.
Source: Research Dive Analysis
In 2021, the global powdered allulose market was worth more than $74.7 million. Powdered allulose products are predicted to dominate the market, with liquid and crystal allulose products following closely behind. Allulose in powder is immensely popular. Powdered foods complement yogurts, smoothies, and other beverages. The powdered form is a dried version of allulose and finds its major application in the food industry with respect to its better handling properties in food application.
Source: Research Dive Analysis
The organic allulose sub-segment is anticipated to dominate the market during the forecast period and generate a revenue of $323.1 million by 2030, growing from $142.5 million in 2021, with a CAGR of 9.4%. Organic allulose is produced from organically sourced grains. Organic raw materials are derived from natural resources and are free from harmful chemicals. Organic allulose is free from synthetic pesticides, colors, and preservatives. These grains are a good source of iron and plant-based protein, although not gluten-free. An increase in awareness regarding various benefits of organic products as compared to their conventional counterparts resulted in an upsurge in its demand. Products free from harsh chemicals, petrochemicals, and preservatives have been growing in popularity over the past few years. The rise in demand for organic food products by consumers primarily owing to growing health consciousness has generated significant demand for organic allulose.
Source: Research Dive Analysis
The bakery & confectionery industry possesses high growth potential and is anticipated to garner a remarkable position in the food processing sector. In 2021, the global allulose market for bakery & confectionery applications was worth more than $48.9 million. Consumer health awareness is increasing, and there is a growing desire for organic products, which is driving sales. As an emerging market with a large population, leading market participants are looking to take advantage of the current prospects. Furthermore, the increase of the baking industry will be beneficial.
Source: Research Dive Analysis
The Market for Allulose in North America to Hold Maximum Revenue
North America allulose market is anticipated to generate maximum revenue during the forecast time period and reach $164.5 million by 2030, with a CAGR of 9.3%. North America is a huge market for all kinds of frozen food products. The busy lifestyle of consumers and a greater number of working women are major reasons contributing to the market growth. Other major reasons are high purchasing power of consumers and the luxury lifestyle. Wide presence of retail outlets, hotels, and restaurants bolster the demand for frozen meat, seafood, fruits and vegetables, confectionery, and other frozen food products.
The U.S. food & beverage market size surpassed $39.9 billion in 2021 which indicates ample growth opportunities for allulose manufacturers. Ready-to-eat meals have always been popular among U.S. consumers. Growing inclination and rising problem of obesity have increased the demand for innovative high-end health and fitness frozen food. The frozen-ready meal segment including breakfast cereal, low-calorie desserts, and low-fat bakery products is expected to witness noticeable growth.
Competitive Scenario in the Global Allulose Market
Product launches and mergers & acquisitions are common strategies followed by major market players.
Source: Research Dive Analysis
Ingredion, for example, said in 2019 that it has constructed a new allulose production plant to meet demand in Asia-Pacific and the Americas. 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.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Type
Segmentation by Nature
Segmentation by Application
Key Companies Profiled
Q1. What is the size of the global allulose market?
A. The size of the global allulose market is predicted to be over $387.8 million in the year 2030, growing from $162.5 million in 2021.
Q2. Which are the major companies in the allulose market?
A. Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., McNeil Nutritionals, Quest Nutrition and Tate & Lyle are some of the key players in the global allulose market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The LAMEA region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the LAMEA allulose market?
A. LAMEA allulose market is anticipated to grow at 11.0% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. New product development and strategic partnerships are the key strategies opted by the operating companies in this market.
Q6. Which industries are expected to drive the growth of the allulose market in the next 5 years?
A. Bakery & Confectionery is expected to drive the growth of the allulose market in the next 5 years.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
2.2.By Type trends
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Covid-19 impact on Allulose Industry
3.5.Competitive market share analysis, 2021
3.7.Industry Swot analysis
3.9.Allulose- Attractive Analysis
3.13.Market value chain analysis
3.13.1.Stress point analysis
3.13.2.Key Raw material analysis
188.8.131.52.Raw material suppliers
184.108.40.206.Marketing channel distribution trends
4.Allulose Market, by Type
4.1.1.Market size and forecast, by region, 2022-2030
4.1.2.Comparative market share analysis, 2022 & 2030
4.2.1.Market size and forecast, by region, 2022-2030
4.2.2.Comparative market share analysis, 2022 & 2030
4.3.1.Market size and forecast, by region, 2022-2030
4.3.2.Comparative market share analysis, 2022 & 2030
5.Allulose Market, by Nature
5.1.1.Market size and forecast, by region, 2022-2030
5.1.2.Comparative market share analysis, 2022 & 2030
5.2.1.Market size and forecast, by region, 2022-2030
5.2.2.Comparative market share analysis, 2022 & 2030
6.Allulose Market, by Application
6.1.1.Market size and forecast, by region, 2022-2030
6.1.2.Comparative market share analysis, 2022 & 2030
6.2.Bakery & Confectionery
6.2.1.Market size and forecast, by region, 2022-2030
6.2.2.Comparative market share analysis, 2022 & 2030
6.3.Dairy & Frozen Desserts
6.3.1.Market size and forecast, by region, 2022-2030
6.3.2.Comparative market share analysis, 2022 & 2030
6.4.Dairy & Frozen Desserts
6.4.1.Market size and forecast, by region, 2022-2030
6.4.2.Comparative market share analysis, 2022 & 2030
7.Allulose Market, by Region
7.1.1.Market size and forecast, by Type, 2022-2030
7.1.2.Market size and forecast, by Nature, 2022-2030
7.1.3.Market size and forecast, by Application, 2022-2030
7.1.4.Market size and forecast, by country, 2022-2030
7.1.5.Comparative market share analysis, 2022 & 2030
220.127.116.11.Market size and forecast, by Type, 2022-2030
18.104.22.168.Market size and forecast, by Nature, 2022-2030
22.214.171.124.Market size and forecast, by Application, 2022-2030
126.96.36.199.Comparative market share analysis, 2022 & 2030
188.8.131.52.Market size and forecast, by Type, 2022-2030
184.108.40.206.Market size and forecast, by Nature, 2022-2030
220.127.116.11.Market size and forecast, by Application, 2022-2030
18.104.22.168.Comparative market share analysis, 2022 & 2030
22.214.171.124.Market size and forecast, by Type, 2022-2030
126.96.36.199.Market size and forecast, by Nature, 2022-2030
188.8.131.52.Market size and forecast, by Application, 2022-2030
184.108.40.206.Comparative market share analysis, 2022 & 2030
7.2.1.Market size and forecast, by Type, 2022-2030
7.2.2.Market size and forecast, by Nature, 2022-2030
7.2.3.Market size and forecast, by Application, 2022-2030
7.2.4.Market size and forecast, by country, 2022-2030
7.2.5.Comparative market share analysis, 2022 & 2030
220.127.116.11.Market size and forecast, by Type, 2022-2030
18.104.22.168.Market size and forecast, by Nature, 2022-2030
22.214.171.124.Market size and forecast, by Application, 2022-2030
126.96.36.199.Comparative market share analysis, 2022 & 2030
188.8.131.52.Market size and forecast, by Type, 2022-2030
184.108.40.206.Market size and forecast, by Nature, 2022-2030
220.127.116.11.Market size and forecast, by Application, 2022-2030
18.104.22.168.Comparative market share analysis, 2022 & 2030
22.214.171.124.Market size and forecast, by Type, 2022-2030
126.96.36.199.Market size and forecast, by Nature, 2022-2030
188.8.131.52.Market size and forecast, by Application, 2022-2030
184.108.40.206.Comparative market share analysis, 2022 & 2030
220.127.116.11.Market size and forecast, by Type, 2022-2030
18.104.22.168.Market size and forecast, by Nature, 2022-2030
22.214.171.124.Market size and forecast, by Application, 2022-2030
126.96.36.199.Comparative market share analysis, 2022 & 2030
188.8.131.52.Market size and forecast, by Type, 2022-2030
184.108.40.206.Market size and forecast, by Nature, 2022-2030
220.127.116.11.Market size and forecast, by Application, 2022-2030
18.104.22.168.Comparative market share analysis, 2022 & 2030
7.2.11.Rest of Europe
22.214.171.124.Market size and forecast, by Type, 2022-2030
126.96.36.199.Market size and forecast, by Nature, 2022-2030
188.8.131.52.Market size and forecast, by Application, 2022-2030
184.108.40.206.Comparative market share analysis, 2022 & 2030
7.3.1.Market size and forecast, by Type, 2022-2030
7.3.2.Market size and forecast, by Nature, 2022-2030
7.3.3.Market size and forecast, by Application, 2022-2030
7.3.4.Market size and forecast, by country, 2022-2030
7.3.5.Comparative market share analysis, 2022 & 2030
220.127.116.11.Market size and forecast, by Type, 2022-2030
18.104.22.168.Market size and forecast, by Nature, 2022-2030
22.214.171.124.Market size and forecast, by Application, 2022-2030
126.96.36.199.Comparative market share analysis, 2022 & 2030
188.8.131.52.Market size and forecast, by Type, 2022-2030
184.108.40.206.Market size and forecast, by Nature, 2022-2030
220.127.116.11.Market size and forecast, by Application, 2022-2030
18.104.22.168.Comparative market share analysis, 2022 & 2030
22.214.171.124.Market size and forecast, by Type, 2022-2030
126.96.36.199.Market size and forecast, by Nature, 2022-2030
188.8.131.52.Market size and forecast, by Application, 2022-2030
184.108.40.206.Comparative market share analysis, 2022 & 2030
220.127.116.11.Market size and forecast, by Type, 2022-2030
18.104.22.168.Market size and forecast, by Nature, 2022-2030
22.214.171.124.Market size and forecast, by Application, 2022-2030
126.96.36.199.Comparative market share analysis, 2022 & 2030
188.8.131.52.Market size and forecast, by Type, 2022-2030
184.108.40.206.Market size and forecast, by Nature, 2022-2030
220.127.116.11.Market size and forecast, by Application, 2022-2030
18.104.22.168.Comparative market share analysis, 2022 & 2030
7.3.11.Rest of Asia Pacific
22.214.171.124.Market size and forecast, by Type, 2022-2030
126.96.36.199.Market size and forecast, by Nature, 2022-2030
188.8.131.52.Market size and forecast, by Application, 2022-2030
184.108.40.206.Comparative market share analysis, 2022 & 2030
7.4.1.Market size and forecast, by Type, 2022-2030
7.4.2.Market size and forecast, by Nature, 2022-2030
7.4.3.Market size and forecast, by Application, 2022-2030
7.4.4.Market size and forecast, by country, 2022-2030
7.4.5.Comparative market share analysis, 2022 & 2030
220.127.116.11.Market size and forecast, by Type, 2022-2030
18.104.22.168.Market size and forecast, by Nature, 2022-2030
22.214.171.124.Market size and forecast, by Application, 2022-2030
126.96.36.199.Comparative market share analysis, 2022 & 2030
188.8.131.52.Market size and forecast, by Type, 2022-2030
184.108.40.206.Market size and forecast, by Nature, 2022-2030
220.127.116.11.Market size and forecast, by Application, 2022-2030
18.104.22.168.Comparative market share analysis, 2022 & 2030
22.214.171.124.Market size and forecast, by Type, 2022-2030
126.96.36.199.Market size and forecast, by Nature, 2022-2030
188.8.131.52.Market size and forecast, by Application, 2022-2030
184.108.40.206.Comparative market share analysis, 2022 & 2030
8.1.4.Recent strategic moves & developments
8.2.Tate & Lyle
8.2.4.Recent strategic moves & developments
8.3.4.Recent strategic moves & developments
8.4.4.Recent strategic moves & developments
8.5.4.Recent strategic moves & developments
8.6.Matsutani Chemical Industry Co., Ltd.
8.6.4.Recent strategic moves & developments
8.7.4.Recent strategic moves & developments
8.8.4.Recent strategic moves & developments
8.9.4.Recent strategic moves & developments
8.10.4.Recent strategic moves & developments
Allulose is a type of sugar that bears a close resemblance to fructose. With 90% lesser calories than regular sugar or sucrose, allulose is 70% as sweet as sucrose. Thus, allulose is a virtually calorie-free sweetener. Just like glucose, fructose, and ribose, allulose is a monosaccharide, meaning it has a single sugar molecule.
Over the years, especially since the outbreak of the Covid-19 pandemic, there has been a general growth in the awareness among people regarding the importance of maintaining a healthy lifestyle and a healthy dietary routine. This has led people to cut down their sugar intake and instead opt for sugar-free sweeteners. This is expected to boost the allulose market in the 2022-2030 timeframe. Along with this, an increasing incidence of chronic ailments like diabetes, obesity, and heart-related diseases is predicted to boost the market even further. Moreover, investments by food products manufacturing companies, especially the small-sized and medium-sized ones, of this industry is estimated to offer numerous growth opportunities to the market in the analysis timeframe. However, government regulations with respect to storage of food products might create hindrances in the growth of the allulose market.
Regionally, the allulose market in the North America region is expected to have the most dominant market share and garner a revenue of $164.5 million by 2030. North American region, especially the US, has a huge consumer base of frozen foods. The allulose market in this region is expected to benefit a lot from this trend. Along with this, a growing prevalence of obesity in the countries of this region is expected to help the market further in the forecast period.
According to the report published by Research Dive, the global allulose market is expected to gather a revenue of $387.8 million by 2030 and grow at 10.1% CAGR in the 2022–2030 timeframe. Some prominent market players include Anderson Global Group, Ingredion Incorporated, McNeil Nutritionals, Apura Ingredients, Quest Nutrition, Bonumose LLC, Matsutani Chemical Industry Co. Ltd., Cargill, Incorporated, Tate & Lyle, CJ CheilJedang, and many others.
Covid-19 Impact on the Market:
The outbreak of the Covid-19 pandemic has had a massive negative effect on almost all industries and businesses across the world. The lockdowns and travel restrictions resulted in the upsetting of almost all supply chains across the world which led to disruptions in production and distribution cycles. However, the allulose market faced a growth in the pandemic years as people started looking for and shifting to white sugar substitutes. This shift was mainly due to the growing awareness regarding the need to boost immunity so as to ward off the possible Covid-19 infection.
Significant Market Developments:
The significant companies operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the allulose market to flourish. For instance:
In January 2021, Codexis Inc., a leading protein engineering company, announced their partnership with Tate & Lyle, a British food ingredients supplier. Under the terms of the partnership, Codexis will help Tate and Lyle in launching its two new products, viz., Dolcia Prima Allulose and Tasteva M Stevia Sweetener.
In October 2021, Apura Ingredients, a US-based ingredients’ supplier company, announced their partnership with EPC Natural Products Company. This partnership is expected to help both the companies to integrate their operations and increase their footprint in the industry by catering to the demands of a much larger consumer base.
In December 2021, four ingredient companies, viz., Europe-based Cosun Beet Company, Sanyang Corporation from South Korea, US-based Ingredion, and Japanese Matsutani Chemical Company, entered into a collaboration to form a Allulose Novel Food Consortium (ANFC). While allulose is highly popular in the Asia-Pacific and the North America region, the same is not the case with respect to European markets. Thus, the main aim behind this partnership is to introduce allulose in European markets which is yet to be tapped fully.