- Powder
- Liquid
- Crystal
Allulose Market size is expected to be valued at USD 178.2 million in 2022 and is poised to grow at a significant CAGR of 12.1% over 2022–2028. Allulose is a naturally occurring sugar in fruits like figs and raisins. It is sweet as sugar or other artificial sweeteners. Allulose is a monosaccharide. It has 90% fewer calories than sucrose. Recent advancements state that allulose can be made at a large scale and can be used as a sugar substitute. The Food and Drug Administration (FDA) said that allulose is “generally recognized as safe†(GRAS). Although it has some side effects such as gastrointestinal discomfort, bloating, etc. The increasing concern for health and awareness are the major drivers of the global allulose market growth. Customers are influenced toward natural sugar instead of ordinary sugars. It is also often used in various food and beverage manufacturing industries since it is a good source of energy and is rich in antioxidants. The increasing trend of a healthy lifestyle by cutting sugar in daily foods and the rising prevalence of obesity are the major factors that will boost the global allulose market growth in the upcoming years. Based on the product type, the global allulose market is segmented into powder, liquid, and crystal. The powder segment is dominating the global allulose market revenue due to its heavy use in the food and beverage industries. Also, the key market players are influencing the global allulose market trend through new health-conscious product launches and innovative marketing strategies. Moreover, rising strategic investments are driving global allulose market growth at a significant rate. However, the alternative substitutes of allulose may hamper the global allulose market growth in 2022 and in the forecasted years. Geographically, North America held the major market share in the global allulose market and is expected to dominate the global market in the forecasted years. Recent Market Developments: In Jan 2021, Codexis launched improved enzymes to further enhance Tate & Lyle's stevia and allulose production. In April 2022, Tate & Lyle is expanding their allulose production in a plant in London. In Oct 2021, Bonumose, Inc. partnered with Hershey to reduce or zero sugar chocolate products, investing $27.7 million to expand in Albemarle County, Virginia.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The rising prevalence of obesity and increasing awareness about health and health-related products will drive the global allulose market growth. Consumers are inclined toward healthy food options and want to consume healthy ingredients in their daily life. Allulose is a low-calorie sweetener and rich in antioxidants, a better substitute for ordinary unhealthy sugar. Allulose is made from some fruits such as jackfruit, figs, and raisins, making it a perfect natural sweetener for people. Hence, it will drive global market growth.
Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The allulose market in the Asia Pacific is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. It is attributed to the largest production or manufacturing hubs in this region and a large consumer base. North America is also holding a major market share in 2022 and is expected to maintain the trend in the upcoming years.
Latin America
Europe
Asia Pacific
Middle East
North America
The allulose market size is expected to be valued at USD 178.2 million in 2022.
The allulose market is poised to grow at a significant CAGR of 12.1% from 2022 to 2028.
The leading players in the global allulose market are 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, and Apura Ingredients.
Historic years considered for the market study are 2017 through 2021, 2021 is considered as the base year for market estimation and Seven years forecast presented from 2022 – 2028.
Asia Specific is dominating the global allulose market.
| 1. Executive Summary |
| 2. Global Allulose Market Introduction |
| 2.1. Global Allulose Market – Taxonomy |
| 2.2. Global Allulose Market –Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Allulose Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Allulose Market Dynamic Factors - Impact Analysis |
| 3.6. Global Allulose Market – Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Allulose Market Analysis, 2017-2021 and Forecast, 2022-2028 |
| 4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Allulose Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1. Powder |
| 5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Liquid |
| 5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Crystal |
| 5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Allulose Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1. Food |
| 6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Bakery and Confectionery |
| 6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Dairy and Frozen Desserts |
| 6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Sauces and Dressings |
| 6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Beverages |
| 6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Allulose Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Allulose Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2022-2028 |
| 8. North America Allulose Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Powder |
| 8.1.2. Liquid |
| 8.1.3. Crystal |
| 8.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Food |
| 8.2.2. Bakery and Confectionery |
| 8.2.3. Dairy and Frozen Desserts |
| 8.2.4. Sauces and Dressings |
| 8.2.5. Beverages |
| 8.2.6. Others |
| 8.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Allulose Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028 |
| 8.5. North America Allulose Market Dynamics – Trends |
| 9. Europe Allulose Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Powder |
| 9.1.2. Liquid |
| 9.1.3. Crystal |
| 9.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Food |
| 9.2.2. Bakery and Confectionery |
| 9.2.3. Dairy and Frozen Desserts |
| 9.2.4. Sauces and Dressings |
| 9.2.5. Beverages |
| 9.2.6. Others |
| 9.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Rest of Europe |
| 9.4. Europe Allulose Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028 |
| 9.5. Europe Allulose Market Dynamics – Trends |
| 10. Asia-Pacific Allulose Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Powder |
| 10.1.2. Liquid |
| 10.1.3. Crystal |
| 10.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Food |
| 10.2.2. Bakery and Confectionery |
| 10.2.3. Dairy and Frozen Desserts |
| 10.2.4. Sauces and Dressings |
| 10.2.5. Beverages |
| 10.2.6. Others |
| 10.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Allulose Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028 |
| 10.5. Asia-Pacific Allulose Market Dynamics – Trends |
| 11. Latin America Allulose Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Powder |
| 11.1.2. Liquid |
| 11.1.3. Crystal |
| 11.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Food |
| 11.2.2. Bakery and Confectionery |
| 11.2.3. Dairy and Frozen Desserts |
| 11.2.4. Sauces and Dressings |
| 11.2.5. Beverages |
| 11.2.6. Others |
| 11.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Allulose Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028 |
| 11.5. Latin America Allulose Market Dynamics – Trends |
| 12. Middle East and Africa Allulose Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Powder |
| 12.1.2. Liquid |
| 12.1.3. Crystal |
| 12.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Food |
| 12.2.2. Bakery and Confectionery |
| 12.2.3. Dairy and Frozen Desserts |
| 12.2.4. Sauces and Dressings |
| 12.2.5. Beverages |
| 12.2.6. Others |
| 12.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Allulose Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028 |
| 12.5. MEA Allulose Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Matsutani Chemical Industry Co. Ltd |
| 13.2.2. Tate & Lyle PLC |
| 13.2.3. CJ Cheil Jedang |
| 13.2.4. Bonumose LLC- At a Glance |
| 13.2.5. Cargill Inc |
| 13.2.6. Ingredion Incorporated |
| 13.2.7. Samyang Corporation- |
| 13.2.8. Anderson Global Group |
| 13.2.9. Eat Just Inc. |
| 13.2.10. Wellversed |
| 13.2.11. Apura Ingredients |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |