Rising Prevalence Of Chronic Diseases To Boost Allulose Market Growth

Allulose Market
Allulose Market

Allulose Market, By Types (Powder, Liquid, Crystals), Product Type (Sugar, Natural Sugar Alternative, Artificial Sweetener, Others), Applications (Bakery, Confectionary, Dairy Food, Therapeutic Food, Others and by Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Outlook, Size, Share and Opportunity Analysis 2023 – 2030

Allulose Market is estimated to be valued at US$ 90 million in 2022 and is expected to exhibit a CAGR of 14.8 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Allulose is a kind of sugar that is similar to fructose, which is the sugar that takes place naturally in fruit. It is found in a crystal form and is very similar to the sugar that is consumed daily. The scientific term used for sugar is sucrose. Allulose is a less calorie sweetener that has 70% of the sucrose. Allulose consists fewer calories compared to sugar and is known to have no effect on blood sugar levels. This means it could be a healthy substitute to sugar.

Competitive Landscape:

Key players involved in the growth of global Allulose for market are Ingredion Inc, Apura Ingredients, Matsutani Chemical Industry Co. Ltd., Tate & Lyle, Samyang Corporation, Anderson Advanced Ingredients, Heartland Food Products Group, Bonumose LLC, Icon Foods, and CJ Cheil Jedang.

Market Key Drivers:

Rising prevalence of chronic diseases is expected to augment the growth of the global Allulose Market. For instance, as per CDC around one in three adults from chronic diseases across the globe.

The rising prevalence of hypertension, cardiovascular diseases, cholesterol, pulmonary diseases is projected to propel the growth of global allulose for market. For instance, as per AHF, around 1.3 million suffer from hypertension across the globe.

Covid-19 Impact Analysis:

Covid-19 outbreak has adversely affected the growth of global allulose for market due to the surge in pandemic cases. The rising pandemic has led the shift of physicians towards treating Covid-19 patients. The lack of providers, delay in diagnosis of other disorders has impeded the market growth.

Key Takeaways:

The global Allulose Market is anticipated to exhibit a CAGR of 14.8 % during the forecast period owing to rising launches and approvals, mergers and collaborations. For instance, in December 2021, Samyang collaborated with ANFC to enhance European licensing of Allulose.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in the global allulose for market due to rising prevalence of chronic diseases, increasing approvals and launches and rising prevalence of hypertension. For instance, as per HHS, 1 in 2 people suffer from hypertension in U.S.

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