Press release
Allulose Market Immense Growth with Key Drivers, Business Insights, Trends And Forecast To 2030 | Impacts of COVID-19
The global Allulose Market is estimated to be over US$ 224.80 Mn in 2018. It is anticipated to grow at a CAGR of 14.4% from 2019 to 2030.The significant market growth can be attributed to the growing demand for sugar substitutes. Moreover, factors such as the growing prevalence of obesity and diabetes and a growing application horizon of allulose are anticipated to boost market growth over the forecast period. Obesity as a risk aspect, is by far the greatest contributor to the burden of chronic diseases. Obesity can also lead to early mortality and increased vulnerability to other diseases and may have an incalculable impact on the quality of life. According to the WHO, in 2016, more than 1.9 billion adults above 18 years of age were overweight. Of these, over 650 million were obese worldwide. There is growing awareness among the population regarding health & fitness, overall appearance, and diabetes management. With a persistent rise in the prevalence and incidence rates of obesity and diabetes globally, there is a pressing need to find sugar substitutes and reduce calories from manufacturers as well as patients. This will, in turn, aid substantial market growth.
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Top Players:
Some prominent players in the global allulose market include Tate & Lyle, CJ CHEILJEDANG CORP., Matsutani Chemical Industry Co., Anderson Advanced Ingredients, LLC, Bonumose LLC, Icon Foods, Samyang Corporation, Ingredion, Inc., Apura Ingredients, SAVANNA Ingredients GmbH, and others.
Driving Factor:
Major concern for the allulose market is expensive processing costs with relatively low output and limited quantities in the natural form. It is found primarily in figs, molasses, raisins, and maple syrup in minuscule amounts. However, many manufacturers have utilized an enzymatic process that will help to increase the efficiency and has resulted in reduced costs for deriving allulose.
Regional Analysis:
North America is estimated to account for the highest CAGR in allulose market over the forecast period. The increasing adoption rate of allulose by the food & beverages industry and increasing preference of the population for low-calorie sugar are factors, which create lucrative opportunities for market growth in this region.
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COVID-19 Market Scenarios:
The Allulose Market has been the worst hit by COVID-19, on the global scale. On the basis of government restrictions and WHO guidelines, the operating companies have halted their manufacturing processes. Global lockdown has significantly affected the distributors and suppliers to stop their services and deliveries. This crucial impact is hampering the growth of the market to a significant extent.
Research objectives:-
- To study and analyze the global Allulose Market consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Allulose Market by identifying its various sub-segments.
- Focuses on the key global Allulose Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Allulose Market with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List
2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study
3.ABSTRACT OF THE STUDY
4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities
In the end, Allulose Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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