The global Allulose Market is forecast to expand at 8.2 % CAGR throughout the forecast period of 2021-2031. Allulose is derived from nature fruits and plant sources making it extremely popular among vegan community. The rising demand from the sports community is driving the allulose sales.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for taurine. The report tracks the global sales of taurine in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and taurine in particular.
Anti-inflammation and blood sugar regulatory properties of allulose paved way for exponential growth of allulose market. Allulose’s wide range of applications in health supplements, beverages and pharmaceutical drugs is one of the growth drivers, evaluated ESOMAR-certified consulting firm Future Market Insights.
According to the study, the implementation of modern production technologies such as artificial intelligence in allulose manufacturing intended to reduce risk of contamination and overall cost is leading to increase in allulose market sales.
Discover more about the allulose market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/reports/sample/rep-gb-13110
“Rising prevalence of diabetes among young population due to unhealthy lifestyle and excessive consumption of refined sugars in the form of cold drinks provides a favorable environment for allulose market growth,” remarks the FMI analyst.
Key Takeaways
- The U.S. is forecast to experience impressive growth in allulose market on the backs of approval from government towards use of allulose as general purpose sweeteners.
- Allulose is expected to hit the Europe market upon approval from European commission by the end of forecast period. Germany and U.K. are expected to emerge as key markets
- Increasing demand for organic food and growing awareness regarding healthy lifestyle and diet will create opportunities for growth in India.
- Rising government initiatives in South Africa towards health and wellness benefits will boost market growth.
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Prominent Drivers
- Rising utilization of allulose in developing decongestants and cough syrups is expected to aid the allulose market growth.
- Growing application of allulose in manufacturing of pharmaceutical drugs for lifestyle diseases is expected to boost the market demand.
- Growing research on qualities in allulose that enhances the immune system will bolster the market growth.
Key Restraints
- High cost of allulose in comparison with normal sugar hampers the market sales.
- Lack of availability of research regarding long term effect of allulose on human body restricts the market growth.
- Possible side effects associated with consumption of allulose hinder the market growth.
Competitive Landscape
Leading players profiled by FMI operating in tilapia market include Bonumose LLC- At a Glance, Matsutani Chemical Industry Co. Ltd, CJ Cheil Jedang, Cargill Inc, Tate & Lyle PLC, Eat Just Inc., Anderson Global Group, Ingredion Incorporated, Samyang Corporation among others. According to FMI, Leading players are investing towards development of type of allulose products to cater to growing demands. They are also focusing towards research and development of international approved products to expand their global foot hold. Some players are also actively investing towards capacity expansion. One such instance is Ingredion inaugurated new allulose production plant in 2019, to mitigate growing demands from Asia Pacific and Americas.
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Key Questions Answered in the Report
- Which is the most lucrative market for allulose market?
North America currently leads the global market for allulose. Sales in North America is expected to account for over 25% of total demand throughout the forecast period. - Which is the top-selling product form of allulose?
Powder allulose is expected to be the preferred form, exhibiting higher sales than allulose available in liquid and crystal form. - Who is the leading end user of allulose?
The food and beverages industry is currently exhibiting high demand for allulose in response to the expansion of the market for healthier sugar alternative. - Which are some of the leading companies offering allulose?
Some of the leading companies offering allulose are Tate & Lyle PLC, Bonumose LLC, Matsutani Chemical Industry Co. Ltd, Cargill Inc, Ingredion Incorporated, Samyang Corporation, CJ Cheil Jedang, Anderson Global Group, Eat Just Inc., Wellversed and others.