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Global Allulose Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Form and Application

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    Report

  • 117 Pages
  • April 2022
  • Region: Global
  • The Insight Partners
  • ID: 5598075
UP TO OFF until Dec 31st 2024
The allulose market is projected to reach US$ 362.24 million by 2028 from US$ 232.91 million in 2021; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.



Allulose is a low-calorie sweetener with a taste and flavor similar to table sugar but 10% fewer calories. Moreover, allulose has only 70% sweetness of sucrose, making it an ideal sugar replacement ingredient. High-intensity sweeteners, including stevia, are 100 times sweeter than sugar. As a result, they must be used in much smaller amounts, requiring food and beverage manufacturers to add other ingredients, such as other sweeteners, fiber, or texturizers, to restore the weight and offer the desired color and texture. Allulose, thus, is a preferred replacement for traditional sugar compared to other sweeteners. These properties of allulose are significantly driving its demand in the market.

Based on application, the allulose market is segmented into food & beverages and others. The food & beverages segment accounted for a larger share of the allulose market in 2020. The others segment is expected to register a higher CAGR during the forecast period. The others segment majorly comprises allulose applications in pharmaceutical and nutraceutical products. According to research, allulose does not affect blood sugar levels as it has a low glycemic index (GI). Since the body does not metabolize allulose, it is appropriate for diabetic and ketogenic diets. It promotes a healthy lifestyle and does not cause tooth decay. These factors are driving the utilization of allulose in pharmaceutical and nutraceutical products.

Based on region, the allulose market is segmented into North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia Pacific held the largest share of the global allulose market, and South & Central America is estimated to register the fastest CAGR over the forecast period. The lifestyles of consumers in Asia Pacific have improved significantly. Due to the rise in urbanization and increased disposable incomes, consumers are choosing high-quality food and beverages with high perceived benefits. Moreover, the increasing prevalence of chronic and lifestyle diseases in the region has raised awareness related to health and fitness. All these factors are contributing to the growth of the allulose market across Asia Pacific. The food & beverages industry across Asia Pacific is well-established. Due to the presence of a potential customer base, affordable infrastructure facilities, cheap labor, and favorable government regulations, many food & beverage conglomerates are expanding their operations across Asia Pacific. This factor is expected to provide a strong potential to the allulose market in the coming years. Further, the presence of leading market players, such as Samyang Corporation, Matsutani Chemical Industry Co., Ltd.; and CJ CheilJedang, operating actively in the region, is also projected to drive the allulose market over the forecast period.

The key players operating in the allulose market include Tate & Lyle; Anderson Global Group, LLC; Ingredion; Samyang Corporation; Apura Ingredients, Inc.; Nutra Food Ingredients; Bonumose, Inc.; Matsutani Chemical Industry Co., Ltd.; CJ CheilJedang; and SAVANNA Ingredients GmbH. These players are engaged in developing affordable products to meet the rising customer demand and retain their market share. They are adopting strategies such as partnership, collaboration, and merger & acquisition to expand market size across different geographies.

The overall allulose market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the allulose market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. Allulose Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. Allulose Market - Key Market Dynamics
5.1 Market Drivers
10.6.1 Increasing Demand for Low-Intensity Sweeteners
10.6.2 Rising Strategic Investments
5.2 Market Restraints
10.6.3 Availability of Large Number of Substitute Sweeteners and High Cost of Allulose
5.3 Market Opportunities
10.6.4 Favorable Government Regulations in Select Countries
5.4 Future Trends
10.6.5 Growing Popularity of Ketogenic Diet
5.5 Impact Analysis of Drivers and Restraints
6. Allulose - Global Market Analysis
6.1 Allulose Market Overview
6.2 Allulose Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning
7. Allulose Market Analysis - By Type
7.1 Overview
7.2 Allulose Market, By Type (2020 and 2028)
7.3 Liquid
7.3.1 Overview
7.3.2 Liquid: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Powder and Crystals:
7.4.1 Overview
7.4.2 Powder and Crystals: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
8. Allulose Market Analysis - By Application
8.1 Overview
8.2 Allulose Market, By Application (2020 and 2028)
8.3 Food & Beverages
8.3.1 Overview
8.3.2 Food & Beverages: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
8.3.2.1 Bakery & Confectionery: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
8.3.2.1.1 Overview
8.3.2.2 Dairy & Frozen Desserts: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
8.3.2.2.1 Overview
8.3.2.3 Beverages: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
8.3.2.3.1 Overview
8.3.2.4 Others: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
8.3.2.4.1 Overview
8.4 Others
8.4.1 Overview
8.4.2 Others: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9. Allulose Market - Geographic Analysis
9.1 Overview
9.2 North America: Allulose Market
9.2.1 North America: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Allulose Market, by Type
9.2.3 North America: Allulose Market, by Application
9.2.4 North America: Allulose Market, by Key Country
9.2.4.1 US: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Allulose Market, by Type
9.2.4.1.2 US: Allulose Market, by Application
9.2.4.2 Mexico: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Mexico: Allulose Market, by Type
9.2.4.2.2 Mexico: Allulose Market, by Application
9.3 Europe: Allulose Market
9.4 Asia Pacific: Allulose Market
9.4.1 Asia Pacific: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Allulose Market, by Type
9.4.3 Asia Pacific: Allulose Market, by Application
9.4.4 Asia Pacific: Allulose Market, by Key Country
9.4.4.1 China: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 China: Allulose Market, by Type
9.4.4.1.2 China: Allulose Market, by Application
9.4.4.2 India: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 India: Allulose Market, by Type
9.4.4.2.2 India: Allulose Market, by Application
9.4.4.3 Japan: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 Japan: Allulose Market, by Type
9.4.4.3.2 Japan: Allulose Market, by Application
9.4.4.4 South Korea: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 South Korea: Allulose Market, by Type
9.4.4.4.2 South Korea: Allulose Market, by Application
9.4.4.5 Rest of Asia Pacific: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 Rest of Asia Pacific: Allulose Market, by Type
9.4.4.5.2 Rest of Asia Pacific: Allulose Market, by Application
9.5 Middle East and Africa: Allulose Market
9.5.1 Middle East and Africa: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Allulose Market, by Type
9.5.3 Middle East and Africa: Allulose Market, by Application
9.5.4 Middle East and Africa: Allulose Market, by Key Country
9.5.4.1 South Africa: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Allulose Market, by Type
9.5.4.1.2 South Africa: Allulose Market, by Application
9.5.4.2 Saudi Arabia: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Allulose Market, by Type
9.5.4.2.2 Saudi Arabia: Allulose Market, by Application
9.5.4.3 UAE: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Allulose Market, by Type
9.5.4.3.2 UAE: Allulose Market, by Application
9.5.4.4 Rest of the Middle East and Africa: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: Allulose Market, by Type
9.5.4.4.2 Rest of the Middle East and Africa: Allulose Market, by Application
9.6 South and Central America: Allulose Market
9.6.1 South and Central America: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Allulose Market, by Type
9.6.3 South and Central America: Allulose Market, by Application
9.6.4 South and Central America: Allulose Market, by Key Country
9.6.4.1 Brazil: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Allulose Market, by Type
9.6.4.1.2 Brazil: Allulose Market, by Application
9.6.4.2 Argentina: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Allulose Market, by Type
9.6.4.2.2 Argentina: Allulose Market, by Application
9.6.4.3 Rest of South and Central America: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Allulose Market, by Type
9.6.4.3.2 Rest of South and Central America: Allulose Market, by Application
10. Impact of COVID-19 Pandemic on Global Allulose Market
10.1 Impact of COVID-19 on Allulose Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Development
12. Company Profiles
12.1 Tate & Lyle PLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ANDERSON GLOBAL GROUP, LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Ingredion Incorporated
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SAMYANG CORPORATION
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Apura Ingredients, Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nutra Food Ingredients
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SAVANNA Ingredients GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 CheilJedang
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Bonumose, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Matsutani Chemical Industry Co., Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Analyst
13.2 Word Index
List of Tables
Table 1. Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Allulose Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Allulose Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. US Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 5. US Allulose Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Allulose Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 8. Asia Pacific Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 9. Asia Pacific Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 10. China Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 11. China Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 12. India Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 13. India Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan Allulose Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea Allulose Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 20. Middle East and Africa Allulose Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. Middle East and Africa Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 30. South and Central America Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 31. South and Central America Allulose Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 32. Brazil Allulose Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 33. Brazil Allulose Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 34. Argentina Allulose Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 38. List of Abbreviation
List of Figures
Figure 1. Allulose Market Segmentation
Figure 2. Allulose Market Segmentation - By Geography
Figure 3. Global Allulose Market Overview
Figure 4. Allulose Market: By Application
Figure 5. Allulose Market: By Region
Figure 6. Global Allulose Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Value Chain: Allulose
Figure 10. Prevalence of Diabetes Among Men and Women of Age Group 20-79 Years in 2021
Figure 11. Global Allulose Market Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Allulose Market
Figure 13. Global: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Allulose Market: Key Players
Figure 15. Allulose Market Revenue Share, By Type (2020 and 2028)
Figure 16. Liquid: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Powder and Crystals: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. Allulose Market Revenue Share, By Application (2020 and 2028)
Figure 19. Food & Beverages: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. Bakery & Confectionery: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. Dairy & Frozen Desserts: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Beverages: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Others: Allulose Market - Revenue and Forecast To 2028 (US$ Million)
Figure 25. Global Allulose Market Revenue Share, by Region (2020 and 2028)
Figure 26. North America: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Allulose Market Revenue Share, by Type (2020 and 2028)
Figure 28. North America: Allulose Market Revenue Share, by Application (2020 and 2028)
Figure 29. North America: Allulose Market Revenue Share, by Key Country (2020 and 2028)
Figure 30. US: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Asia Pacific: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Asia Pacific: Allulose Market Revenue Share, by Type (2020 and 2028)
Figure 34. Asia Pacific: Allulose Market Revenue Share, by Application (2020 and 2028)
Figure 35. Asia Pacific: Allulose Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. China: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 37. India: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Japan: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 39. South Korea: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Asia Pacific: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 41. Middle East and Africa: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Middle East and Africa: Allulose Market Revenue Share, by Type (2020 and 2028)
Figure 43. Middle East and Africa: Allulose Market Revenue Share, by Application (2020 and 2028)
Figure 44. Middle East and Africa: Allulose Market Revenue Share, by Key Country (2020 and 2028)
Figure 45. South Africa: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 49. South and Central America: Allulose Market - Revenue and Forecast to 2028 (US$ Million)
Figure 50. South and Central America: Allulose Market Revenue Share, by Type (2020 and 2028)
Figure 51. South America: Allulose Market Revenue Share, by Application (2020 and 2028)
Figure 52. South and Central America: Allulose Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. Brazil: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 54. Argentina: Allulose Market -Revenue and Forecast to 2028 (US$ Million)
Figure 56. Impact of COVID-19 Pandemic in North America
Figure 57. Impact of COVID-19 Pandemic in Asia Pacific
Figure 58. Impact of COVID-19 Pandemic in the Middle East & Africa
Figure 59. Impact of COVID-19 Pandemic in South & Central America

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Tate & Lyle PLC
  • Anderson Global Group, LLC
  • Ingredion Incorporated
  • Samyang Corporation
  • Apura Ingredients, Inc
  • Nutra Food Ingredients
  • Savanna Ingredients GmbH
  • CJ CheilJedang
  • Bonumose, Inc.
  • Matsutani Chemical Industry Co. Ltd.

Table Information