The allulose market size is estimated at USD 256.25 million in 2024. FMI projects the market to develop at 8.9% CAGR between 2024 and 2034, reaching a valuation of USD 598.61 million by 2034.
Industry Growth Factors for Allulose
Report Attribute | Details |
---|---|
Allulose Market Size (2024) | USD 256.25 million |
Market Anticipated Forecast Value (2034) | USD 598.61 million |
Market Projected Growth Rate (2024 to 2034) | 8.9% CAGR |
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The market was valued at USD 175.86 million in 2019. Total sales revenue increased at a CAGR of 8.23% between 2019 and 2023. Various initiatives were undertaken by the government and international organizations after the Covid-19 outbreak to encourage more use of sugar substitutes.
For instance, the Healthy Living Alliance (HEALA) worked to build a healthy environment by encouraging people in South Africa to make healthy food and lifestyle choices. Such initiatives presented a lucrative scope for producers driving innovation in allulose products during this period.
Attributes | Details |
---|---|
Global Allulose Market Value (2019) | USD 175.86 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 8.23% CAGR |
The detoxification trend that is gaining traction is a key factor driving sales. The increasing clinical utility of the item due to its antioxidant properties has led to its inclusion in the treatment of deteriorating diseases including cardiovascular ailments. Customers want better products with less sugar, so the natural-everything food movement is leveraging this trend to its advantage.
Owing to its detoxification and anti-oxidation traits, applications of the product are increasing in the pharmaceutical industry as sector players seek more opportunities to formulate more tonics. It can also be utilized in several cough syrups and vitamin supplements to maintain the sweetness, thus infesting more demand for the product.
Athletes need to manage their weight therefore they always prefer low-calorie sugar and the product is the perfect source of satisfying their sugar cravings with no weight gain. Dieticians suggesting diabetes patients to make the low-calorie sugar a part of their daily dietary intake, is also seeing demand inflate for the product.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 5.4% |
Germany | 4.9% |
China | 7.1% |
Japan | 7.9% |
India | 7.2% |
The United States is set to remain a profitable market throughout the forecast period by following a CAGR of 5.4%. The country has a sizable market for frozen food items and ready-to-eat meals have long been popular among Americans.
Obesity is on the rise, which has boosted the need for innovative high-end health and fitness frozen food. Therefore, to overcome this health disorder the USFDA (Food and Drug Administration) has approved the product as a general-purpose sweetener in foods and beverages where sugar or fructose would usually be used.
Consumers' hectic lifestyles, as well as an increase in the number of working women, are also important factors driving market expansion.
Market demand for allulose in Germany is likely to expand at a below-average rate of 4.9% between 2024 and 2034. New manufacturing companies are set to come to Germany but it is likely to take time as the sweetener needs to be approved as a Novel Food by the European Commission. To increase their consumer base, manufacturers have filed a petition for approval for marketing the product in Europe.
The Chinese industry is set to create sizable revenue throughout the projected period by advancing with a 7.1% CAGR. China is seeing rapid urbanization, large increases in household wealth, and changes in consumer lifestyle and nutrition resulting in the expansion of the bakery sector.
Higher production of wheat as well as increasing establishment of food processing industries are propelling market growth in the country. In terms of diet variety, and free trade policies in the food sector, the Chinese market is particularly dynamic, which is driving market research on allulose health benefits.
Japan is projected to exhibit impressive growth in the industry over the forecast period with an estimated CAGR of 7.9%. The country is likely to register increasing demand for organic ingredients.
Rising awareness regarding health and wellness is set to continue driving the market perception of allulose’s taste and texture in Southeast Asia and Pacific countries. Moreover, market penetration strategies for allulose products are easier as Asian people are preferring vegan diets more and are shifting towards plant-based food items.
Consumption of allulose is slated to increase at a promising growth rate of 7.2% over the next ten years in India. Allulose-based ingredients are being widely used in bakery and confectionery products in India as a natural sweetener following demand from consumers.
Rising health awareness among consumers and growing demand for organic products has transformed the regional market in the last few years. Regional players are aiming at capitalizing on the market share of allulose brands currently operating in the country.
Attributes | Details |
---|---|
Top Form Type or Segment | Powder |
Total Market Share in 2024 | 87.5% |
Based on the form type, the powdered form is expected to dominate the market by contributing to 87.5% of sales in 2024. Powder is extremely popular as the dried version finds its primary application in the food sector due to its superior handling capabilities in food applications.
Improved moisture content, better water absorption, and product softness are boosting powder demand in the bakery sector. Powdered products go well with yogurt, smoothies, and other drinks as well.
Attributes | Details |
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Top End Use Application Type or Segment | Food |
Total Market Share in 2024 | 56.5% |
Based on end-use application, the food industry is the leading end-user with an estimated market share of 56.5% in 2024. The food industry has strong growth potential which can render the product a prominent position in the food processing sector.
As people's lifestyles change, so does their consumption of fast-food items including snacks and confectionery goods. Use of the product in the manufacture of bread, pastries, rolls, cakes, and other bakery goods, is stimulating the use of the product in the food segment.
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Since the overall market is highly fragmented, there are chances for small and mid-sized businesses to participate in it. Due to the limited presence of the diverse businesses that control the industry, stakeholders intend to invest and develop their businesses with the help of innovation.
As a result, small and medium-sized firms (SMEs) have the potential to benefit from premium-priced goods. Furthermore, numerous local businesses are becoming entirely dedicated to the manufacture and selling of such sugar substitute products.
Recent Developments in the Allulose Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 256.25 million |
Projected Market Size (2034) | USD 598.61 million |
Anticipated Growth Rate (2024 to 2034) | 8.9% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Form, By End Use Application, and By Region |
Key Companies Profiled | Matsutani Chemical Industry Co. Ltd; Tate & Lyle PLC; CJ Cheil Jedang; Bonumose LLC- At a Glance; Cargill Inc; Ingredion Incorporated; Samyang Corporation; Anderson Global Group; Eat Just Inc.; Wellversed |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market is estimated to be around USD 256.25 million in 2024.
The market is set to rise at 8.9% CAGR during the forecast period.
The market is predicted to be valued at USD 598.61 million by 2034.
The market was valued at USD 175.86 million in 2019.
Japan is predicted to witness a CAGR of 7.9% in sales through 2034.
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