Global Allulose Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Allulose Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Allulose, a low-calorie epimer of the monosaccharide fructose, is used as a low-calorie sweetener by some major commercial food and beverage manufacturers.

Allulose, also known by its system name D-ribo-2-hexulose and D-psicose, is a monosaccharide and a hexulose. This is a C3 epimer of fructose. Allulose has similar physical properties to ordinary sugars, such as volume, mouthfeel, browning ability and freezing point. This makes it useful as a sugar substitute in foods, including ice cream.

Allulose has 70% sweetness of the same amount of sucrose, but its energy is only 0.3% of sucrose, and it produces 0.2kcal calories per gram. Allulose is absorbed in the human body through the small intestine and enters the blood circulation. After being absorbed in the small intestine, it will not be metabolized into energy, and the utilization rate of intestinal microbial fermentation is low.

Market Overview:

The latest research study on the global Allulose market finds that the global Allulose market reached a value of USD 50.95 million in 2022. It’s expected that the market will achieve USD 98.7 million by 2028, exhibiting a CAGR of 11.65% during the forecast period.

Market Drivers

The outbreak rate of some diseases such as obesity continues to increase, and consumers are increasingly paying attention to healthy eating.

Allulose has multiple health benefits because it comes from various natural sources. It helps maintain blood sugar, reduces oxidative stress and inflammation, thereby preventing various chronic diseases.

Allulose has a wide range of applications in the food and beverage industry and can be used as a substitute for some sugars.

Market Challenges

Allulose is only produced and sold in a few countries, so expanding the market of Allulose is a challenge and an opportunity for manufacturers.

It is a challenge for Allulose manufacturers to solve the problem of low-cost synthetic sugar and other substitutes occupying a larger market share.

Allulose comes from fruits and grains. With the increase in the prices of fruits and grains, the overall cost of allulose rises. Solving the problem of rising raw material prices is also a challenge for manufacturers.

Region Overview:

US had the highest growth rate of all regions.

Company Overview:

The top three companies are Matsutani Chemical, Tate & Lyle and CJ CheilJedang with the revenue market share of 32.25%, 24.12% and 17.57% in 2020.

Matsutani Chemical Industry Co. Ltd. manufactures grain mill products. The Company develops, manufactures, and sells edible starch, dietary fiber, and food for specified health use. Matsutani Chemical Industry conducts business in domestic Japan and international markets.

Astraea is the trademark of Matsutani Chemical Industry Co. Ltd.

Tate & Lyle PLC is a British-headquartered, global supplier of food and beverage ingredients to industrial markets. It was originally a sugar refining business, but from the 1970s it began to diversify, eventually divesting its sugar business in 2010. It specializes in turning raw materials such as corn and tapioca into ingredients that add taste, texture, and nutrients to food and beverages.

Segmentation Overview:

By type, Powder segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Beverages segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Allulose market covered in Chapter 3:

Matsutani Chemical
Tate & Lyle
Samyang Corporation
Wuxi AccoBio Biotech Inc
CJ CheilJedang
Savanna Ingredients

In Chapter 4 and Chapter 14.2, on the basis of types, the Allulose market from 2018 to 2029 is primarily split into:

Liquid
Powder
Crystals

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Allulose market from 2018 to 2029 covers:

Bakery
Confectionery
Dairy Food
Therapeutic Food
Beverages
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)