Allulose Market: Introduction
A recent study published by Transparency Market Research on the allulose market includes globalindustry analysis and opportunity assessment for 2020-2030. Theglobal allulose market was forecast to be valued at ~US$ 210 Mn in 2020.The allulose market is projected to rise at a CAGR of ~8% to reach~US$ 450 Mn by 2030.
The COVID-19 outbreak will have significant impact on the globaleconomy. The spread of COVID-19 has triggered concerns for global players andregional players. Experts fear that ongoing restrictions could result ineconomic slowdown for the next 3-4 years. Businesses are expected to witnessimpact of this ongoing scenario on their sales in the upcoming year. Asallulose is a convenience product and not a necessity for a large share of thepopulation, the demand is expected to decline for a year or two and reaching astagnant phase for the next few years.
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Rising Demand for Food Products Aiding WeightManagement to Boost Growth
Doctors believe sugar is a significant factor contributing to obesity.Obesity has effects such as elevated cholesterol and cardiovascular problemswith metabolic disorders. Consumers have started following different weightloss and weight management diets, including better-for-you food and drinks,weight loss supplements, and others as a result of the rising incidence ofhealth disorders related to being overweight and obesity. This increase in thenumber of health issues is associated with consumption of regular high-caloriesugar, and this factor is expected to fuel the global demand for allulose inthe coming years.
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Increasing Use of Sugar Substitutes in Beverages toCreate Growth Opportunities
Allulose contains less calories than sugar, and does not appear toaffect blood glucose levels, which means allulose may be a healthy substituteto sugar. Beverages is one of the leading categories exhibiting the demand forsugar substitute. Most drinks are now blended with the natural sweeteners. Thehealth benefits and functionality associated with these sugar substitutes haveled to their widespread adoption by beverage manufacturers. Consumers have alsoshown greater willingness to replace traditional sucrose in everydayconsumables and goods with alternatives to sugar. These developments areexpected to boost the penetration of allulose as a sugar substitute inbeverages.
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Increasing Applications of Allulose in DiverseSectors to Aid Expansion
Allulose is used in a broad range of products such as bakery, beverages,confectionery, and dairy. Allulose depresses the freezing point of frozenproducts and is similar to sucrose, as it increases its solubility withtemperature. Allulose also adds color, bulk, and browning to baked goods, andis more soluble in drinks as compared to sucrose. The properties of moisturepreservation contribute to extended shelf life of baked goods. Such uniquefeatures enable broader formulation possibilities across a variety ofapplications, including drinks, baked goods, frozen dairy products, chewinggum, hard candies, snack foods, milk, gelatin, sauces, syrups, breakfastcereals, and condiments.
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