Allulose Market: By Product Type (Powder, Liquid, and Crystal), By Application (Food, Bakery and Confectionery, Dairy and Frozen Desserts, Sauces and Dressings, and Beverages), and Geography  

Allulose Market size was valued at USD 178.2 million in 2023 and is poised to grow at a significant CAGR of 15.1% from 2024-2030. 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.  

Allulose Market Key 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.