London, March 02, 2023 (GLOBE NEWSWIRE) -- A recent study by Fairfield Market Research indicates consumers are now aware of the benefits associated with adoption of preventative healthcare choices. “The onset of chronic diseases such as diabetes is generally exacerbated by the consumption of sugar, which has a high quantity of calories. This will serve as a growth driver for the global allulose market,” marks the analyst. In recent years, there has been a steady surge in the prevalence of chronic diseases around the world such as cardiovascular diseases, diabetes, and obesity. This has led to an increase in the number of individuals becoming more health conscious. A noticeable indicator of this behaviour is greater demand for consumable products that are low in calorie content - more specifically, the demand for products that contain lower sugar content. Allulose consumption remains afloat owing to the widespread application across food and beverages industry. While there is still more research needed to confirm if allulose can be a potentially healthier sweetener, it certainly has lesser calories than conventional sugar, which is expected to drive the growth of allulose market. Another crucial element that is expected to further contribute to the adoption of this sweetener is that individuals now are more open to consuming plant-based products over their synthetic counterparts.
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Insights into Segmental Analysis
The allulose market has been segmented accordingly – By Type, Nature, Application, and Region. Based on the ‘Type’ market segmentation, the ‘Powder’ sub-segment is expected to account for the majority share of this market owing to the increase in the demand for frozen and packaged food globally. With respect to the ‘Application’ market segmentation, the ‘Bakery & Confectionary’ sub-segment is expected to reserve the majority market share due to the increasing demand for low-calorie allulose in various consumable products such as RTE products, dairy goods, ice creams, etc. Concerning the ‘Nature’ segmentation of this market, the ‘Organic’ sub-segment is slated to account for the majority market share over the forecast period due to the willingness of individuals to spend more on organic products due to the benefits offered by these products, as well as evolving lifestyles and food industry trends.
Insights into Regional Analysis
With respect to regional analysis, the Asia Pacific region is slated to account for the majority share due to greater market penetration by various industry players, higher urbanization, higher disposable incomes, the adoption of healthier lifestyles, as well as a greater awareness concerning the benefits associated with these products. This is a trend that is expected to continue over the forecast period. Moreover, as India is the world’s largest producer of wheat, it is also one of the primary producers and consumers of allulose.
Key Players in the Allulose Market
Apart from Mcneil Nutritionals, Ingredion Incorporated, Anderson Global Group, and Apura Ingredients, this report will also cover other prominent players in the allulose market, particularly detailing their respective key strategic developments that lend a competitive edge. Some of these other major profiled companies include Bonumose LLC, Cargill, CJ Cheiljedang Corp., Matsutani Chemical Industry Co. Ltd., Quest Nutrition, and Tate & Lyle PLC.
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Global Allulose Market is Segmented as Below:
By 2 Nature
- Organic
- Conventional
By Type
- Powder
- Liquid
- Crystal
By Application
- Food
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Sauces and Dressings
- Beverages
- Others
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
Key Elements Included In The Study: Global Allulose Market
- Allulose Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value and Volume, 2018 - 2021
- Volume Consumption at Regional and Country Level, 2022 - 2029
- Market Dynamics and Economic Overview
- Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/allulose-market/more-information
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