GROWING COUNT OF HEALTH CONSCIOUS POPULATION IS EXPECTED TO PROPEL THE ALLULOSE MARKET GROWTH

Global Allulose Market: Key Highlights

• According to the new market research report “Allulose Market by Form (Powder, Liquid), by Application (Beverages, Confectionaries, Dietary Supplements, Baked Products, Dairy Products, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)”, the global Allulose market is projected to reach a value of over USD 122.7 million, registering a CAGR of 13.4% between 2020 to 2027
• Allulose is a sugar type obtained from natural sources such as figs, brown sugar, maple syrup, jackfruits, raisins, etc.
• It is a low-calorie monosaccharide with a taste profile similar to glucose, and fructose
• This sugar does not spike the blood sugar level as it does not get metabolized within the body on absorption

Global Allulose Market: Key Market Dynamics

• Growing number of health-conscious population owing to the rise in prevalence of chronic medical conditions such as obesity and diabetes is driving the demand for allulose
• Increasing awareness regarding adverse effects of sugar consumption is generating higher demand for natural sweeteners, is further fueling the growth of this market 
• Availability of substitutes such as stevia, saccharine, sucralose and neotame is expected to hamper the market growth negatively
• The adverse effect such as digestion discomfort caused due to consumption of large quantity of allulose is projected to hamper the growth of this market 
• Higher investment for production and research and development for rare sugar is opening new growth avenues for allulose market
• High cost of production of allulose is acting as a key challenge for the growth of this market

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Global Allulose Market: Regional Overview

• North America

North America is expected to grow owing to shifting preference towards reducing the consumption of table sugar. Rise in health-conscious population resulting in higher demand for nutritional food with low calorific value is driving the demand for sugar alternatives in the region. This in turn, is fueling the demand for Allulose in North America. Increasing in diabetic population in the US representing 10.5% of the total US population is further fueling the demand for allulose

• Asia-Pacific

Growing population, coupled with a rise in occurrence of diabetes, obesity and other lifestyle is shifting consumer preference towards a healthy lifestyle in Asia-Pacific. The booming food & beverage sector with a higher preference towards low-calorie products is growing the demand for Allulose in the region. 

Global Allulose Market: Key Players Overview

• Ingredion Incorporated:

Ingredion Incorporated engages in providing ingredients such as starch, syrups, sweeteners, biomaterials and other nutritional ingredients for food& beverage, paper, brewing, and other application areas. The company offers noncaloric ASTRAEA Allulose which possesses taste and texture similar to sugar. In November 2019, the company opened a new manufacturing facility in Mexico dedicated to the production of Allulose marketed across the Americas.

• Blue California:

Blue California is the manufacturer of natural ingredients used across food, beverages, dietary supplement, cosmetics, and personal care products. The product portfolio includes natural flavors, fragrance, sweetener, preservative, pigment, texturing and many more. In September 2019, the company expanded the commercialization of Allulose at a larger scale for the food manufacturer desiring an alternative to sugar and sucrose.

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