Research Nester has released a report titled “Allulose Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global allulose market in terms of market segmentation by application, by form and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global allulose market is segmented by application into bakery, confectionary, diary, food, therapeutic food, pharmaceuticals and others, out of which, therapeutic food segment is anticipated to hold the largest market share owing to growing demand for ready-to-use therapeutic food (RUTF) around the globe, backed by major share of procurement by the governmental institutions such as United Nations International Children’s Education Fund (UNICEF) as a measure of providing relief to malnutrition people and to end the issues of malnutrition around the world.
In the statistics by UNICEF, out of the global demand for RUTF around the world, the organization itself is known to procure around 75-80% of the total share. This share also includes 30-35k metric tons (MT) of RUTF paste which is suitable enough to treat around 2.1-2.5 million children around the globe.
The global allulose market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. Growing advancement in the food industry coupled with the rising need to develop and use new ingredients across food manufacturers that reflect emerging nutrition science and provide both taste and nutritional benefits are some of the factors anticipated to promote towards the growth of the global allulose market during the forecast period.
Regionally, the global allulose market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is anticipated to hold the largest market share owing to increasing awareness amongst the people in the region for the consumption of healthy food, rising demand from end user industries along with supportive regulations from the government which is promoting safe consumption and utilization of allulose.
Growing Demand for Low Calorie Sugar Across End User Industries
In the statistics by the Diabetes Research Institute Foundation, the new cases of diabetes diagnosed among the U.S. adults aged 18 years or older in the year 2018 constituted to around 1.5 million.
Owing to the concern for several health related issues observed with the consumption of high calorie sugar, along with the emphasis of consumers for healthy food products, such as healthy snacks, food manufacturers are increasingly emphasizing on the manufacture of foods which promote good health and wellbeing among consumers. As such, there is an increasing demand for raw materials in the food manufacturing industry that can provide similar tastes to existing raw ingredients, but also promote good health. Allulose is one such monosaccharide sugar which contributes to good health as it provides an energy of around 0.2kcal/g and is also known to improve temporal profile with similar upfront sweetness like sucrose, along with its ability to synergize itself with other sweeteners, and help provide the bulk, browning, caramelization and texture to bakery food products. The rising demand for such sugars from end user industries is thereby anticipated to drive the growth of the global allulose market.
However, concerns regarding restriction in the utilization of the sugar in nations such as Europe, which claims the sugar to pose a safety risk to human health, might hamper the sales of the manufacturer. Such a factor is anticipated to limit the growth of the global allulose market.
This report also provides the existing competitive scenario of some of the key players of the global allulose market, which includes company profiling of Anderson Advanced Ingredients, LLC, Tate & Lyle (LON: TATE), Matsutani Chemical Industry Co., Ltd., CJ CheilJedang Corp. (KRX: 097950), Heartland Food Products Group, Apura Ingredients, Merck KGaA (ETR: MRK), Blue California, Biosynth Carbosynth and Ingredion Inc. (NYSE: INGR). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global allulose market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.