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Allulose Market Trends

Report ID: GMI5115
Published Date: May 2024
Report Format: PDF

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Allulose Market Trends

The sustained growth of the F&B industry will drive the demand for allulose, especially in products, such as bread and confectionery products, where its unique properties including excellent moisture retention and pleasant taste are highly valued. Powdered allulose is preferred due to its compatibility with a variety of foods including smoothies, yogurt, and bread. Recent innovations have further provided more efficient manufacturing processes, helping to reduce costs and increase productivity.

Furthermore, several companies are increasingly focusing on new product launches and strategic partnerships to innovate production processes to better cater to the rising end-user demand. For instance, in November 2023, The University of California and the Mars Advanced Research Institute developed a new method for allulose production, with the goal of making it more accessible and affordable.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of allulose reached USD 128 million in 2023 and is set to witness 14.6% CAGR during 2024 to 2032, led by the increasing demand for low-calorie and low-sugar alternatives in the food and beverage (F&B) industry.

The powder allulose segment is expected to surpass USD 203.6 million by 2032, owing to its versatility and functionality in various food applications.

North America market size is projected to record more than 15% CAGR from 2024 to 2032, supported by the increasing health consciousness among consumers.

CJ Cheil Jedang, Heartland Food Products Group, Icon Foods, Ingredion Inc, Matsutani Chemical Industry Co. Ltd, Samyang Corporation, and Tate & Lyle among others.