Allulose Market Share, Size and Growth Analysis By 2029

The allulose market is anticipated to grow significantly, reaching an estimated US$ 362.24 million by 2028, up from US$ 232.91 million in 2021. This growth represents a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028.

Allulose is recognized as a low-calorie sweetener that closely mimics the taste and flavor of table sugar, but it contains 10% fewer calories. It offers about 70% of the sweetness of sucrose, making it a suitable alternative to traditional sugar. In contrast, high-intensity sweeteners like stevia can be up to 100 times sweeter than sugar, necessitating their use in much smaller quantities. This often leads food and beverage manufacturers to incorporate additional ingredients such as other sweeteners, fibers, or texturizers to achieve the desired weight, color, and texture. Consequently, allulose stands out as a more favorable substitute for conventional sugar compared to other sweetening agents. The unique characteristics of allulose are significantly propelling its market demand.

The allulose market is categorized based on application into food & beverages and others. In 2020, the food & beverages segment dominated the market share. However, the others segment, which primarily includes applications in pharmaceutical and nutraceutical products, is projected to experience a higher CAGR during the forecast period. Research indicates that allulose does not influence blood sugar levels due to its low glycemic index (GI). Since the body does not metabolize allulose, it is suitable for individuals following diabetic and ketogenic diets. Additionally, it promotes a healthy lifestyle and does not contribute to tooth decay. These attributes are driving the increased use of allulose in pharmaceutical and nutraceutical applications.

Regionally, the allulose market is divided into North America, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, the Asia Pacific region held the largest share of the global allulose market, while South & Central America is projected to exhibit the fastest CAGR during the forecast period. The improvement in consumer lifestyles in the Asia Pacific has been notable, driven by urbanization and rising disposable incomes, leading consumers to opt for high-quality food and beverages that offer significant perceived benefits. Furthermore, the increasing incidence of chronic and lifestyle-related diseases in the region has heightened health and fitness awareness among consumers. These factors are collectively fostering the growth of the allulose market in Asia Pacific.

The food & beverages sector in Asia Pacific is well-established, and the presence of a substantial customer base, along with affordable infrastructure, low labor costs, and supportive government regulations, is encouraging many food and beverage companies to expand their operations in the region. This trend is expected to create substantial opportunities for the allulose market in the coming years. Additionally, the presence of leading market players such as Samyang Corporation, Matsutani Chemical Industry Co., Ltd., and CJ CheilJedang actively operating in the region is likely to further stimulate the allulose market's growth during the forecast period.

Key players 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 companies are focused on developing cost-effective products to meet the growing consumer demand and maintain their market presence. They are employing strategies such as partnerships, collaborations, and mergers & acquisitions to enhance their market reach across various regions.

The overall size of the allulose market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the findings and gain deeper analytical insights. Participants included industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the allulose market.