Allulose Market Scope
Allulose Is A Type of Sugar That has A Sucrose Like Taste And Texture But With About One-Tenth The Calories of Full Caloric Sugar. It Is Found Naturally In Small Amounts In Certain Foods Such As Wheat, Jackfruit, Figs, Raisins, Brown Sugar, Maple Syrup, And Caramel Sauce. Due To Its Health Benefits, There Has Been An Increase In The Commercial Production of Allulose. Producing Allulose Involves the Enzymatic Isomerization of Fructose Via Proprietary Enzyme Technology. It Is Available In A Granulated Form And Looks Like Everyday Sugar
According to AMA, the Global Allulose market is expected to see growth rate of 14.25%The market for allulose is highly concentrated with the presence of the majority of the players in the United States. Big players may use strategies like a new product launch, acquisition, and merger to further boost their market size. Also owing to huge possible growth in the allulose sector, there are opportunities for new players to emerge Research Analyst at AMA estimates that United States and Japanese Vendors will contribute to the maximum growth of Global Allulose market throughout the predicted period.
Ingredion Incorporated (United States), Tate & Lyle (United Kingdom), Anderson Global Group (United States), CJ CheilJedang (South Korea), Matsutani Chemical Industry Co. Ltd. (Japan), Apura Ingredients (United States), Savanna Ingredients (Germany), Health Garden (United States), Hoosier Hill Farm (United States), Nutricost (United States) and RecentIndustryInsights are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Allulose market by Type (Powder, Semi-Solid and Syrup), by Application (Pharmaceuticals, Therapeutic Food, Bakery and Confectionary, Dairy Food, Tabletop sweeteners and Others) and Region with country level break-up.
On the basis of geography, the market of Allulose has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increase in the Popularity of Allulose Among People With Diabetes Who Must Monitor Glucose Levels And People Who Follow Weight Reduction Diets Like Ketogenic Diet
Market Growth Drivers:
Increased Awareness About the Health Problems Associated With The Consumption of Traditional Sugar and Need For A Low-Calorie Sweetener That Could Provide A Clean Sweet Taste And Indulgent Eating And Drinking Experience
Challenges:
High Costs And Concerns About Potential Side Effects May Hamper Its Growth and Commercial Viability May Offer A Challenge For Allulose Market Expansion
Restraints:
Unawareness About Benefits of Allulose May Limit The Market Penetration
Opportunities:
The Market For The Low Calories Fitness Based Snacks And Meals May See A Rise Due To Increase In Acceptability of Allulose and Allulose Unlocks Opportunity For Food And Beverage Manufacturers To Further Reduce Sugar And Calories To Meet The Demand For Healthy Snacking
Market Leaders and their Expansionary Development Strategies
In November 2019, Ingredion, a leading global provider of ingredient solutions to diversified industries, officially opened its first allulose production plant in Mexico to manufacture Allulose, which will be marketed and sold across the Americas by Ingredion
In September 2019, Southern California based ingredient supplier and manufacturer, Blue California announced scaling up for commercialization of the allulose by the end of 2019
On April 16, 2019, The United States Food and Drug Administration (FDA) issued draft guidance, allowing food manufacturers to exclude allulose from total and added sugar counts on Nutrition and Supplement Facts labels
Key Target Audience
Allulose Manufacturers, Allulose Distributors/Traders, Allulose Importers/Exporters, Investors, Regulatory and government bodies, Downstream Vendors, Up-Stream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.