6 November 2019 - Global Allulose
Market is expected to grow at a
significant CAGR of 7.37% in the upcoming period as the scope and its
applications are rising enormously across the globe. Allulose is a
monosaccharide also termed as a “D-psicose”. It is a rare sugar found naturally
in dried fruits like raisins, jackfruit, and figs. It is similar to sucrose and
in terms of taste; it is about 70% as sweet as sucrose. It is recognized as
safe (GRAS) by the FDA. It is calorie-free sugar as it is absorbed by the body,
but not metabolized.
The
factors that are playing a major role in the growth of allulose market are the
growing demand for confectionery and processed frozen food, the rising
healthcare awareness among the populace, growing diabetic population, rising
demand for ready-to-eat meals, and growing working population in urban areas.
Allulose market is segmented based on product type, application, and region.
Liquid,
powder, and other product types could be explored in allulose in the forecast
period. The market may be categorized based on applications like dairy,
beverages, confectionery, therapeutic food, and others that could be explored
in the forecast period. The therapeutic food sector comprises weight management
and diabetic food. The therapeutic sector accounted for a substantial market
share of allulose and is estimated to lead the overall market in the years to
come. The reason behind the overall market growth could be the rising
popularity of weight management therapeutic food and the growing number of
diabetic patients. In addition, beverages sector is estimated to grow at the
highest CAGR in the years to come.
Globally,
North America accounted for the substantial market share of allulose and is
estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be the high demand from consumers, exclusively
used as a thickening agent in several end-use applications, the presence of key
manufacturers in this region, and growing number of obese and diabetic patients
in this region. The United States is a major consumer of allulose in this
region.
Europe
and the Asia Pacific are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The aspects that may be ascribed to the growth comprise rising
healthcare awareness and changing dietary patterns. The developing countries
like India and China are the major consumers of allulose in this region.
The
key players of allulose market are CJ CheilJedang, Matsutani Chemical, and
Tate&Lyle. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
Market Segment:
Report contents include
•
Analysis of the allulose market including revenues, future growth, market
outlook
•
Historical data and forecast
•
Regional analysis including growth estimates
•
Analyzes the end user markets including growth estimates.
•
Profiles on allulose including products, sales/revenues, and market position
•
Market structure, market drivers and restraints.
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Comments
Post a Comment