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Rare Sugar Market Size

  • Report ID: GMI4458
  • Published Date: May 2024
  • Report Format: PDF

Rare Sugar Market Size

Rare Sugar Market size was valued at USD 1.18 billion in 2023 and is projected to grow at a 5.3% CAGR from 2024 to 2032, attributed to increasing consumer health consciousness and ongoing innovation in rare sugar products and formulations. As consumers prioritize healthier lifestyles, there is a surge in demand for alternatives to traditional sweeteners. Continuous innovation in rare sugar offerings, catering to diverse preferences and needs, is expanding the market by providing solutions aligned with evolving health trends, thus driving its overall size and significance.

 

For instance, in June 2023, Liquid I.V. introduced a new "sugar-free" hydration multiplier featuring allulose instead of glucose, expanding their product range with an alternative sweetener for improved hydration. 

The rare sugar market is experiencing rapid growth, propelled by the rising preference for natural and minimally processed ingredients. As consumers seek healthier options, rare sugars, perceived as natural sweeteners, are gaining popularity. Moreover, the expansion of functional foods and beverages, which often incorporate rare sugars for their functional properties, further drives market growth by offering consumers innovative and health-conscious products tailored to their dietary needs and preferences.
 

For instance, in March 2024, Scotty's Everyday unveiled a zero-calorie sugar replacement, blending allulose and monk fruit for a natural alternative. This new sweetener blend enhances their existing product line with healthier options.
 

The rare sugar industry faces growth barriers due to high production costs and regulatory complexities. However, high costs underscore the need for innovative production techniques to drive efficiency. Similarly, diverse regulatory frameworks provide an opportunity for industry collaboration to establish clear standards, ensuring product quality and safety. Proactively handling these hurdles through technological breakthroughs and regulatory alignment will foster a conducive environment for the widespread adoption and integration of rare sugars.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of rare sugar recorded USD 1.1 billion in 2023 and is set to witness 5.3% CAGR from 2024 to 2032, attributed to increasing consumer health consciousness and ongoing innovation in rare sugar products and formulations.

The D-Mannose segment will expand at 5.1% CAGR from 2024 to 2032, owing to its diverse applications and growing recognition for its health benefits.

North America market size will record 4.2% CAGR during 2024-2032, driven by increasing consumer awareness and demand for healthier sweetening alternatives.

Tate & Lyle, International Flavors & Fragrances, Inc, Jinan Shangbo Biotech Co., Ltd, Douglas Laboratories, Tokyo Chemical Industry Co., Ltd, Zhangjiagang Huachang Pharmaceutical Co., Ltd, and Specom Biochemical among others.

Rare Sugar Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 165
  • Countries covered: 17
  • Pages: 260
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