Press release
Allulose Market Introduction, Definition, Demand, Opportunities, Future Plans and Industry Scope by 2028
The Allulose Market is projected to reach US$ 362.24 million by 2028 from US$ 232.91 million in 2021; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.Allulose is a low-calorie sweetener with a taste and flavor similar to table sugar but 10% fewer calories. Moreover, allulose has only 70% sweetness of sucrose, making it an ideal sugar replacement ingredient. High-intensity sweeteners, including stevia, are 100 times sweeter than sugar. As a result, they must be used in much smaller amounts, requiring food and beverage manufacturers to add other ingredients, such as other sweeteners, fiber, or texturizers, to restore the weight and offer the desired color and texture. Allulose, thus, is a preferred replacement for traditional sugar compared to other sweeteners. These properties of allulose are significantly driving its demand in the market.
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Analysis of the Top Market Players:
1. Tate & Lyle PLC
2. Anderson Global Group, LLC
3. Ingredion Incorporated
4. Samyang Corporation
5. Apura Ingredients, In
6. Nutra Food Ingredients
7. Savanna Ingredients GmbH
8. CJ CheilJedang
9. Bonumose, Inc.
10. Matsutani Chemical Industry Co., Ltd.
In this report, the market has been segmented on the basis of:
Form (Liquid and Powder & Crystals)
Application [Food & Beverages (Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, and Others) and Others]
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Based on application, the allulose market is segmented into food & beverages and others. The food & beverages segment accounted for a larger share of the allulose market in 2020. The others segment is expected to register a higher CAGR during the forecast period. The others segment majorly comprises allulose applications in pharmaceutical and nutraceutical products. According to research, allulose does not affect blood sugar levels as it has a low glycemic index (GI). Since the body does not metabolize allulose, it is appropriate for diabetic. It promotes a healthy lifestyle and does not cause tooth decay. These factors are driving the utilization of allulose in pharmaceutical and nutraceutical products.
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