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Allulose Market Size
- Report ID: GMI5115
- Published Date: May 2024
- Report Format: PDF
Allulose Market Size
Allulose Market size was valued at USD 128 million in 2023 and is expected to expand at 14.6% CAGR during 2024 to 2032, driven by the increasing demand for low-calorie and low-sugar alternatives in the food and beverage (F&B) industry. As consumers become more health conscious and recognize the negative effects of high sugar consumption, they are increasingly looking for natural sweeteners and nutritious options.
Allulose, with a lower caloric value and similar taste to sucrose, satisfies the natural sweetening requirements. Given its least effect on blood glucose levels, allulose has emerged suitable for diabetic and ketogenic diets. This has led to its increased consumption in various products, such as beverages, baked goods, and dairy products, adding to significant market growth. To cite an instance, in January 2024, Allu Company launched AlluSoda, a zero-sugar craft soda combining allulose, Reb-M and V50% monk fruit for offering an alternative to traditional sugar free sodas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Allulose Market Size in 2023: | USD 128 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 14.6% |
| 2032 Value Projection: | USD 439.6 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 225 |
| Tables, Charts & Figures: | 310 |
| Segments covered: | Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The proliferation of regulatory approvals and good health information will also help in the expansion of the allulose market. For instance, USDA’s Dietary Guidelines for Americans restricted consumption of added sugar to less than 10% of total daily calories. This regulatory support is increasing the consumer confidence and encouraging manufacturers to include allulose in their products. Moreover, the ongoing R&D activities aimed at improving production efficiency while reducing costs will make the product more accessible and affordable for large-scale consumption.
However, the significant cost of production leading to higher prices for end-consumers may hinder the allulose uptake. This cost constraint is further limiting the increased adoption, especially in high-priced markets. The lack of consumer knowledge and understanding of allulose compared to more popular sweeteners, such as stevia and erythritol could also limit the market development to some degree.
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Allulose Market Scope
