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GLOBAL ALLULOSE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Allulose Market by Type (Liquid, Powder and Crystals) Market by Application (Food & Beverage (Bakery & Confectionary, Dairy & Frozen Desserts, Beverages), Other Applications) Market by Distribution Channel (Online, Offline) by Geography

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MARKET OVERVIEW

In terms of revenue, the global allulose market was valued at $xx million in 2022, and is expected to reach $xx million by 2032, growing at a CAGR of xx% during the forecast period, 2023-2032.

Allulose is a low-calorie sweetener with the same texture and taste as table sugar. It has the typical chemical structure of carbohydrates, but accounts for only a fraction of calories and does not raise blood sugar levels. It is derived from a variety of sources, including wheat and fruits such as jackfruit and raisins. The demand for allulose is on the rise, as it has emerged as a promising alternative to sugar.

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GROWTH ENABLERS

Key growth enablers of the global allulose market are:

  • Rising health & fitness conscious population
  • Growing obesity cases
  • Increasing demand for low-intensity sweeteners
    • The rising prevalence of metabolic disorders drives the demand for low-intensity sweeteners, boosting growth opportunities. Allulose can be widely used as a natural sweetener in bakeries, confectionary items, and different foods and beverages, augmenting market demand.
    • In addition, people suffering from diabetes and obesity benefit from allulose since it is low in calories and has little effect on blood sugar. As per the Centers for Disease Control and Prevention, about 11% of the US population suffers from diabetes. 
    • Further, the growing concerns regarding health & wellness encourage consumers to prefer allulose over sugar. 
  • Strategic investments and favorable government initiative

GROWTH RESTRAINTS

Key growth restraining factors are: 

  • Strict regulations for market approvals
  • High costs of allulose
  • Availability of substitute sweeteners
    • Refined sugar has several alternatives. These include stevia, sugar alcohols, dates, monk fruit sweetener, applesauce, yacon syrup, maple syrup, honey, molasses, etc. The availability of these alternatives hinders the market growth of allulose.
    • As a result, such factors, alongside the high price range of allulose compared to other alternatives, hamper the global allulose market growth.

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KEY MARKET TRENDS

Global Allulose Market | Top Trends

  • There is a growing demand for convenience food and functional food.
  • The increasing product developments raise the popularity of innovative flavors.
  • There is a rising preference for natural ingredients.
  • Pharmaceutical applications of allulose are gaining traction in the market.
    • Since allulose is high in antioxidants, it helps detoxify the liver by lowering fat accumulation. This reduces the risk of chronic diseases.
    • Besides, allulose is incorporated in different health supplements since it helps detoxify and maintain blood sugar levels.
    • Additionally, the adverse health effects of consuming artificial ingredients enable a shift toward allulose among health-conscious consumers.

MARKET SEGMENTATION

Market Segmentation – Type, Application, and Distribution Channel –

Market by Type:

  • Liquid
  • Powder and Crystals
    • The powdered form is preferred over other forms as it is easy to mix with different foods and beverages, including biscuits, cakes, pies, pastries, and desserts. 
    • Powdered allulose is convenient to store, easy to use, and requires low transportation costs. Also, crystallized allulose dissolves quickly in liquid products, making it useful for liquid formulations.

Market by Application:

  • Food & Beverage
    • Bakery & Confectionary
    • Dairy & Frozen Desserts
    • Beverages
      • Allulose finds application in beverages or supplements that aid in maintaining weight. 
      • The rising demand for drinks that detoxify the body from the impact of medicines and junk food is also expected to drive the segment growth during the forecast period.
  • Other Applications

Market by Distribution Channel:

  • Online
    • The rising consumer awareness about health & fitness and the growing impact of social media on individuals are expected to propel the demand for allulose. Also, the promotion of allulose products via social media and other online platforms is expected to boost its demand.
    • Further, the growing number of online retailers providing products such as health supplements facilitate the use of allulose.
  • Offline

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Norway, Denmark, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
    • Asia-Pacific is expected to hold a significant market share during the forecast period, owing to the region’s high wheat production and vast consumer base.
    • The growing healthcare awareness, shifts in dietary patterns, and nutritional transition further contribute to market growth.
  • Rest of World: Latin America and Middle East & Africa

MAJOR PLAYERS

The major players in the global allulose market are:

  • Tate & Lyle PLC
  • Anderson Global Group LLC
  • Samyang Corporation
  • Ingredion Incorporated
  • Apura Ingredients Inc
  • Nutra Food Ingredients

Key strategies adopted by some of these companies: 

  • In June 2021, General Mills announced the launch of a novel snacks brand, Good Measure, containing low-calorie ingredients. 
  • In July 2022, Samyang Corporation introduced their new sugar substitute allulose brand, ‘Nexweet,’ at IFT First in Chicago.
  • In November 2019, Ingredion announced its new allulose establishment, enabling the company to cater to the American and Asia-Pacific markets.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedType, Application, Distribution Channel
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedAnderson Global Group Llc, Apura Ingredients Inc, Bonumose Inc, C J CheilJedang, Cargill Inc, Eat Just Inc, Ingredion Incorporated, Matsutani Chemical Industry Co Ltd, McNeil Nutritionals, Nutra Food Ingredients, Quest Nutrition, Samyang Corporation, SAVANNA Ingredients GmbH, Tate & Lyle Plc, Wellversed

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING HEALTH & FITNESS CONSCIOUS POPULATION
      2. GROWING OBESITY CASES
      3. INCREASING DEMAND FOR LOW-INTENSITY SWEETENERS
      4. STRATEGIC INVESTMENTS AND FAVORABLE GOVERNMENT INITIATIVES
    2. KEY RESTRAINTS
      1. STRICT REGULATIONS FOR MARKET APPROVALS
      2. HIGH COSTS OF ALLULOSE
      3. AVAILABILITY OF SUBSTITUTE SWEETENERS
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON ALLULOSE MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. VALUE CHAIN ANALYSIS
      1. PROCUREMENT OF RAW MATERIAL
      2. MANUFACTURING
      3. PACKAGING AND DISTRIBUTION
    7. REGULATORY FRAMEWORK
  5. MARKET BY TYPE
    1. LIQUID
    2. POWDER AND CRYSTALS
  6. MARKET BY APPLICATION
    1. FOOD & BEVERAGE
      1. BAKERY & CONFECTIONARY
      2. DAIRY & FROZEN DESSERTS
      3. BEVERAGES
    2. OTHER APPLICATIONS
  7. MARKET BY DISTRIBUTION CHANNEL
    1. ONLINE
    2. OFFLINE
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. ITALY
        5. SPAIN
        6. NORWAY
        7. DENMARK
        8. REST OF EUROPE
    3. ASIA-PACIFIC
      1. MARKET SIZE AND ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. INDONESIA
        6. THAILAND
        7. SINGAPORE
        8. AUSTRALIA & NEW ZEALAND
        9. REST OF ASIA-PACIFIC
    4. REST OF WORLD
      1. MARKET SIZE AND ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
        2. MIDDLE EAST & AFRICA
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ANDERSON GLOBAL GROUP LLC
      2. APURA INGREDIENTS INC
      3. BONUMOSE INC
      4. C J CHEILJEDANG
      5. CARGILL INC
      6. EAT JUST INC
      7. INGREDION INCORPORATED
      8. MATSUTANI CHEMICAL INDUSTRY CO LTD
      9. MCNEIL NUTRITIONALS
      10. NUTRA FOOD INGREDIENTS
      11. QUEST NUTRITION
      12. SAMYANG CORPORATION
      13. SAVANNA INGREDIENTS GMBH
      14. TATE & LYLE PLC
      15. WELLVERSED

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ALLULOSE

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: GLOBAL ALLULOSE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: GLOBAL ALLULOSE MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: GLOBAL LIQUID MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 6: GLOBAL LIQUID MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: GLOBAL POWDER AND CRYSTALS ALLULOSE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: GLOBAL POWDER AND CRYSTALS ALLULOSE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: GLOBAL ALLULOSE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 10: GLOBAL ALLULOSE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 12: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 13: GLOBAL ALLULOSE MARKET, BY FOOD & BEVERAGE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 14: GLOBAL ALLULOSE MARKET, BY FOOD & BEVERAGE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 15: GLOBAL BAKERY & CONFECTIONARY MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 16: GLOBAL BAKERY & CONFECTIONARY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 17: GLOBAL DAIRY & FROZEN DESSERTS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 18: GLOBAL DAIRY & FROZEN DESSERTS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 19: GLOBAL BEVERAGES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 20: GLOBAL BEVERAGES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 21: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 22: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 23: GLOBAL ALLULOSE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 24: GLOBAL ALLULOSE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 25: GLOBAL ONLINE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 26: GLOBAL ONLINE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 27: GLOBAL OFFLINE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 28: GLOBAL OFFLINE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 29: GLOBAL ALLULOSE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 30: GLOBAL ALLULOSE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 31: NORTH AMERICA ALLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 32: NORTH AMERICA ALLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 33: LEADING PLAYERS OPERATING IN NORTH AMERICA ALLULOSE MARKET

TABLE 34: EUROPE ALLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 35: EUROPE ALLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: LEADING PLAYERS OPERATING IN EUROPE ALLULOSE MARKET

TABLE 37: ASIA-PACIFIC ALLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 38: ASIA-PACIFIC ALLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 39: LEADING PLAYERS OPERATING IN ASIA-PACIFIC ALLULOSE MARKET

TABLE 40: REST OF WORLD ALLULOSE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 41: REST OF WORLD ALLULOSE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 42: LEADING PLAYERS OPERATING IN REST OF WORLD ALLULOSE MARKET

TABLE 43: LIST OF MERGERS & ACQUISITIONS

TABLE 44: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 45: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 46: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: GLOBAL ALLULOSE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 7: GLOBAL ALLULOSE MARKET, BY LIQUID, 2023-2032 (IN $ MILLION)

FIGURE 8: GLOBAL ALLULOSE MARKET, BY POWDER AND CRYSTALS, 2023-2032 (IN $ MILLION)

FIGURE 9: GLOBAL ALLULOSE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 10: GLOBAL ALLULOSE MARKET, BY FOOD & BEVERAGE, 2023-2032 (IN $ MILLION)

FIGURE 11: GLOBAL ALLULOSE MARKET, GROWTH POTENTIAL, BY FOOD & BEVERAGE, IN 2022

FIGURE 12: GLOBAL ALLULOSE MARKET, BY BAKERY & CONFECTIONARY, 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL ALLULOSE MARKET, BY DAIRY & FROZEN DESSERTS, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL ALLULOSE MARKET, BY BEVERAGES, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL ALLULOSE MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 16: GLOBAL ALLULOSE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022

FIGURE 17: GLOBAL ALLULOSE MARKET, BY ONLINE, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL ALLULOSE MARKET, BY OFFLINE, 2023-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA ALLULOSE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 20: UNITED STATES ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 21: CANADA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 22: EUROPE ALLULOSE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 23: UNITED KINGDOM ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: GERMANY ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: FRANCE ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: ITALY ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: SPAIN ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: NORWAY ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: DENMARK ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: REST OF EUROPE ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC ALLULOSE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 32: CHINA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: JAPAN ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: INDIA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: SOUTH KOREA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: INDONESIA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: THAILAND ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: SINGAPORE ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: REST OF ASIA-PACIFIC ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: REST OF WORLD ALLULOSE MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 42: LATIN AMERICA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: MIDDLE EAST & AFRICA ALLULOSE MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

Allulose is available in liquid, powdered, and crystal forms.

 The different end-users of the global allulose market include pharmaceuticals, food service providers, households, store-based retailing, and food & beverage industries.

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