According to HTF Market Intelligence, the Global Allulose Market market to witness a CAGR of 11.69% during forecast period of 2023-2028. Allulose Comprehensive Study by Type (Powder, Semi-Solid, Syrup), Application (Pharmaceuticals, Therapeutic Food, Bakery and Confectionary, Dairy Food, Tabletop sweeteners, Others), Form (Solid, Liquid), Packaging (Box, Drum, Others), Sales Channel (Direct Sales, Indirect Sales {E-Commerce and Retailors}). The Allulose Market market size is estimated to increase by USD 212.8 Million at a CAGR of 11.69% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 95.40 Million.
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Allulose is a low-calorie sugar substitute that is naturally occurring and chemically classified as a monosaccharide. It is also known as D-allulose or D-psicose and is found naturally in a few fruits such as jackfruit, figs, and raisins. Allulose has been gaining popularity as a sugar substitute due to its unique properties that include low calorie content, similar taste to sugar, and minimal effect on blood glucose levels. The allulose market refers to the global market for products that contain allulose, such as beverages, confectionery, baked goods, dairy products, and others. The market has been expanding due to the increasing demand for low-calorie sugar alternatives and the growing health awareness among consumers.
Allulose Market market – Key Segment Analysis
The market share growth by the Powder segment will be significant during the forecast period. The segment is driven by the Increased Awareness About the Health Problems Associated With The Consumption of Traditional Sugar.
Allulose Market market – Competition Analysis
The global Allulose Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Ingredion Incorporated (United States), Tate & Lyle (United Kingdom), Anderson Global Group (United States), CJ CheilJedang (South Korea), Matsutani Chemical Industry Co. Ltd. (Japan), Apura Ingredients (United States), Savanna Ingredients (Germany), Health Garden (United States), Hoosier Hill Farm (United States), Nutricost (United States).
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Allulose Market
Market Drivers
- Increased Awareness About the Health Problems Associated With The Consumption of Traditional Sugar
Market Trend
- Increase in the Popularity of Allulose Among People With Diabetes Who Must Monitor Glucose Levels And People Who Follow Weight Reduction Diets Like Ketogenic Diet
Market Opportunities
- The Market For The Low Calories Fitness Based Snacks And Meals May See A Rise Due To Increase In Acceptability of Allulose
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What key data is demonstrated in this Allulose Market market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Allulose Market market between 2023 and 2028
- Precise estimation of the size of the Allulose Market market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Allulose Market market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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