Allulose Market By Nature (Organic, Conventional), By Type (Powder, Liquid, Crystal), By Application (Food, Bakery and Confectionery, Dairy and Frozen Desserts, Sauces and Dressings, Beverages, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global allulose market was valued at $162.5 million in 2021, and is projected to reach $387.8 million by 2030, growing at a CAGR of 10.1% from 2022 to 2030.
Allulose is made from grains that are naturally grown. Organic raw materials are made from natural sources and do not contain any harmful chemicals. As a result, there are no synthetic pesticides, dyes, or preservatives in allulose. Although not gluten-free, these grains are a good source of iron and plant-based protein. Increased knowledge of the different advantages of organic products over their conventional equivalents has resulted in an increase in demand. Over the last few years, demand for products free of harsh chemicals, petrochemicals, and preservatives has increased. Consumer demand for organic food products has risen significantly, owing to a growth in health consciousness. This has resulted in considerable demand for allulose.
Allulose and its products have benefited from consumers' increased willingness to spend more on organic items. Consumers want their products to be ethically manufactured, and they associate organically certified allulose with a chemical-free production and processing method. This can be ascribed to changing lifestyles and food business trends, which have increased the demand for healthier food ingredients. Consumers have become increasingly aware of the components used in the production of the meals they consume, and they carefully examine product labels. Manufacturers have increased their research and development spending in order to increase production and meet changing consumer demands. As a result, manufacturers are primarily focused on obtaining allulose.
Increased consumer awareness and their increasing interest in a healthy lifestyle have led to increased demand for healthy drinking products containing less preservatives and less sugar content. Considering consumers' interest, companies are launching gluten-free, sugar-free ready to drink beverages. Furthermore, growing health awareness and demand for convenience food & beverages is anticipated to drive the allulose market. Europe is leading in the beverages market and is expected to rapidly grow in the allulose market.
The global allulose market is segmented on the basis of type, nature and application. On the basis of type, the market is divided into powder, liquid, and crystal. On the basis of nature, the market is divided into organic and conventional. Based on application, the market is divided into food, bakery & confectionery, dairy & frozen desserts, sauces & dressings, beverages, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Anderson Global Group, Apura Ingredients, Bonumose LLC, Cargill, Incorporated, CJ CheilJedang, Ingredion Incorporated, Matsutani Chemical Industry Co. Ltd., McNeil Nutritionals, Quest Nutrition and Tate & Lyle.
Key Market Segments
By 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
U.S.
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of Latin America
Key Market Players
Anderson Global Group
Apura Ingredients
Bonumose LLC
cargill
CJ Cheiljedang Corp.
Ingredion Incorporated
Matsutani Chemical Industry Co. Ltd.
mcneil nutritionals
quest nutrition
Tate & Lyle PLC
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