Allulose Market Forecast to 2028

Report Code : TIPRE00008140 | Region : Global | Industry : Food and Beverages | Published Date : 25/Apr/2022
Allulose Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form (Liquid and Powder & Crystals) and Application [Food & Beverages (Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, and Others) and Others]

The allulose market is projected to reach US$ 362.24 million by 2028 from US$ 232.91 million in 2021; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.

Allulose is a low-calorie sweetener with a taste and flavor similar to table sugar but 10% fewer calories. Moreover, allulose has only 70% sweetness of sucrose, making it an ideal sugar replacement ingredient. High-intensity sweeteners, including stevia, are 100 times sweeter than sugar. As a result, they must be used in much smaller amounts, requiring food and beverage manufacturers to add other ingredients, such as other sweeteners, fiber, or texturizers, to restore the weight and offer the desired color and texture. Allulose, thus, is a preferred replacement for traditional sugar compared to other sweeteners. These properties of allulose are significantly driving its demand in the market.

Based on application, the allulose market is segmented into food & beverages and others. The food & beverages segment accounted for a larger share of the allulose market in 2020. The others segment is expected to register a higher CAGR during the forecast period. The others segment majorly comprises allulose applications in pharmaceutical and nutraceutical products. According to research, allulose does not affect blood sugar levels as it has a low glycemic index (GI). Since the body does not metabolize allulose, it is appropriate for diabetic and ketogenic diets. It promotes a healthy lifestyle and does not cause tooth decay. These factors are driving the utilization of allulose in pharmaceutical and nutraceutical products.

Based on region, the allulose market is segmented into North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia Pacific held the largest share of the global allulose market, and South & Central America is estimated to register the fastest CAGR over the forecast period. The lifestyles of consumers in Asia Pacific have improved significantly. Due to the rise in urbanization and increased disposable incomes, consumers are choosing high-quality food and beverages with high perceived benefits. Moreover, the increasing prevalence of chronic and lifestyle diseases in the region has raised awareness related to health and fitness. All these factors are contributing to the growth of the allulose market across Asia Pacific. The food & beverages industry across Asia Pacific is well-established. Due to the presence of a potential customer base, affordable infrastructure facilities, cheap labor, and favorable government regulations, many food & beverage conglomerates are expanding their operations across Asia Pacific. This factor is expected to provide a strong potential to the allulose market in the coming years. Further, the presence of leading market players, such as Samyang Corporation, Matsutani Chemical Industry Co., Ltd.; and CJ CheilJedang, operating actively in the region, is also projected to drive the allulose market over the forecast period.

The key players operating in the allulose market include Tate & Lyle; Anderson Global Group, LLC; Ingredion; Samyang Corporation; Apura Ingredients, Inc.; Nutra Food Ingredients; Bonumose, Inc.; Matsutani Chemical Industry Co., Ltd.; CJ CheilJedang; and SAVANNA Ingredients GmbH. These players are engaged in developing affordable products to meet the rising customer demand and retain their market share. They are adopting strategies such as partnership, collaboration, and merger & acquisition to expand market size across different geographies.

The overall allulose market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the allulose market.

List of 10 Companies:-

1. Tate & Lyle PLC

2. Anderson Global Group, LLC

3. Ingredion Incorporated

4. Samyang Corporation

5. Apura Ingredients, Inc

6. Nutra Food Ingredients

7. Savanna Ingredients GmbH

8. CJ CheilJedang

9. Bonumose, Inc.

10. Matsutani Chemical Industry Co., Ltd.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

3.2.8 Limitations and Assumptions:

4. Allulose Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

4.4 Value Chain Analysis

4.4.1 Raw Material

4.4.2 Manufacturing/Processing

4.4.3 Packaging

5. Allulose Market – Key Market Dynamics

5.1 Market Drivers

10.6.1 Increasing Demand for Low-Intensity Sweeteners

10.6.2 Rising Strategic Investments

5.2 Market Restraints

10.6.3 Availability of Large Number of Substitute Sweeteners and High Cost of Allulose

5.3 Market Opportunities

10.6.4 Favorable Government Regulations in Select Countries

5.4 Future Trends

10.6.5 Growing Popularity of Ketogenic Diet

5.5 Impact Analysis of Drivers and Restraints

6. Allulose – Global Market Analysis

6.1 Allulose Market Overview

6.2 Allulose Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Competitive Positioning

7. Allulose Market Analysis – By Type

7.1 Overview

7.2 Allulose Market, By Type (2020 and 2028)

7.3 Liquid

7.3.1 Overview

7.3.2 Liquid: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Powder and Crystals:

7.4.1 Overview

7.4.2 Powder and Crystals: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

8. Allulose Market Analysis – By Application

8.1 Overview

8.2 Allulose Market, By Application (2020 and 2028)

8.3 Food & Beverages

8.3.1 Overview

8.3.2 Food & Beverages: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.1 Bakery & Confectionery: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.1.1 Overview

8.3.2.2 Dairy & Frozen Desserts: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.2.1 Overview

8.3.2.3 Beverages: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.3.1 Overview

8.3.2.4 Others: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.4.1 Overview

8.4 Others

8.4.1 Overview

8.4.2 Others: Allulose Market – Revenue and Forecast to 2028 (US$ Million)

9. Allulose Market – Geographic Analysis

9.1 Overview

9.2 North America: Allulose Market

9.2.1 North America: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Allulose Market, by Type

9.2.3 North America: Allulose Market, by Application

9.2.4 North America: Allulose Market, by Key Country

9.2.4.1 US: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Allulose Market, by Type

9.2.4.1.2 US: Allulose Market, by Application

9.2.4.2 Mexico: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Mexico: Allulose Market, by Type

9.2.4.2.2 Mexico: Allulose Market, by Application

9.3 Europe: Allulose Market

9.4 Asia Pacific: Allulose Market

9.4.1 Asia Pacific: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia Pacific: Allulose Market, by Type

9.4.3 Asia Pacific: Allulose Market, by Application

9.4.4 Asia Pacific: Allulose Market, by Key Country

9.4.4.1 China: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 China: Allulose Market, by Type

9.4.4.1.2 China: Allulose Market, by Application

9.4.4.2 India: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 India: Allulose Market, by Type

9.4.4.2.2 India: Allulose Market, by Application

9.4.4.3 Japan: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 Japan: Allulose Market, by Type

9.4.4.3.2 Japan: Allulose Market, by Application

9.4.4.4 South Korea: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 South Korea: Allulose Market, by Type

9.4.4.4.2 South Korea: Allulose Market, by Application

9.4.4.5 Rest of Asia Pacific: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 Rest of Asia Pacific: Allulose Market, by Type

9.4.4.5.2 Rest of Asia Pacific: Allulose Market, by Application

9.5 Middle East and Africa: Allulose Market

9.5.1 Middle East and Africa: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Allulose Market, by Type

9.5.3 Middle East and Africa: Allulose Market, by Application

9.5.4 Middle East and Africa: Allulose Market, by Key Country

9.5.4.1 South Africa: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Allulose Market, by Type

9.5.4.1.2 South Africa: Allulose Market, by Application

9.5.4.2 Saudi Arabia: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Allulose Market, by Type

9.5.4.2.2 Saudi Arabia: Allulose Market, by Application

9.5.4.3 UAE: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Allulose Market, by Type

9.5.4.3.2 UAE: Allulose Market, by Application

9.5.4.4 Rest of the Middle East and Africa: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of the Middle East and Africa: Allulose Market, by Type

9.5.4.4.2 Rest of the Middle East and Africa: Allulose Market, by Application

9.6 South and Central America: Allulose Market

9.6.1 South and Central America: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South and Central America: Allulose Market, by Type

9.6.3 South and Central America: Allulose Market, by Application

9.6.4 South and Central America: Allulose Market, by Key Country

9.6.4.1 Brazil: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Allulose Market, by Type

9.6.4.1.2 Brazil: Allulose Market, by Application

9.6.4.2 Argentina: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Allulose Market, by Type

9.6.4.2.2 Argentina: Allulose Market, by Application

9.6.4.3 Rest of South and Central America: Allulose Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South and Central America: Allulose Market, by Type

9.6.4.3.2 Rest of South and Central America: Allulose Market, by Application

10. Impact of COVID-19 Pandemic on Global Allulose Market

10.1 Impact of COVID-19 on Allulose Market

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

10.5 South & Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Product Development

12. Company Profiles

12.1 Tate & Lyle PLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 ANDERSON GLOBAL GROUP, LLC

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Ingredion Incorporated

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 SAMYANG CORPORATION

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Apura Ingredients, Inc

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Nutra Food Ingredients

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 SAVANNA Ingredients GmbH

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 CheilJedang

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Bonumose, Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Matsutani Chemical Industry Co., Ltd.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Allulose Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Allulose Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America Allulose Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. US Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 5. US Allulose Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. Mexico Allulose Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Mexico Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 8. Asia Pacific Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 9. Asia Pacific Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 10. China Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 11. China Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 12. India Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 13. India Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 14. Japan Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 15. Japan Allulose Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 17. South Korea Allulose Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Asia Pacific Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of Asia Pacific Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 20. Middle East and Africa Allulose Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. Middle East and Africa Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 30. South and Central America Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 31. South and Central America Allulose Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 32. Brazil Allulose Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 33. Brazil Allulose Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 34. Argentina Allulose Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. List of Abbreviation

List of 10 Companies:-

1. Tate & Lyle PLC

2. Anderson Global Group, LLC

3. Ingredion Incorporated

4. Samyang Corporation

5. Apura Ingredients, Inc

6. Nutra Food Ingredients

7. Savanna Ingredients GmbH

8. CJ CheilJedang

9. Bonumose, Inc.

10. Matsutani Chemical Industry Co., Ltd.

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global allulose market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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