Allulose Market Growing Demand for Allulose Powder

According to Precision Business Insights (PBI), the latest report, the allulose market is expected to be valued at USD 178.2 million in 2022 and is poised to grow at a significant CAGR of 12.1% over 2022-2028. The primary drivers of the expansion of the global allulose market include the growing awareness regarding health and healthcare products and the rising prevalence of obesity.

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Powder Segment to Dominate the Allulose Market
Based on the product type, the global allulose market is segmented into powder, liquid, and crystal. The powder segment is expected to account for a larger revenue share in the global allulose market, with a value share worldwide. Powdered allulose is extremely popular nowadays. The powder form held the major market share in 2022 and is expected to maintain the trend. The industry as well as consumers prefer the powder form because it is easy to use with any kind of food and beverage. Hence, this segment will drive the global allulose market growth at a significant rate.

Asia Pacific Allulose Market:
The Asia Pacific market is expected to increase in the global allulose market over the forecast period. The Asia Pacific market is expanding due to increasing health awareness, rising prevalence of obesity, and the growing number of manufacturing hubs in this region. North America held a considerable market share during the estimated period owing to the increasing number of e-commerce platforms.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global allulose market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In April 2022, Tate & Lyle is expanding their allulose production in a plant in London. In Oct 2021, Bonumose, Inc. partnered with Hershey to reduce or zero sugar chocolate products, investing $27.7 million to expand in Albemarle County, Virginia.

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The allulose market is segmented based on product type, application, and geography.
Based on the product type, the market is segmented into the following:
• Powder
• Liquid
• Crystal

Based on the application, the market is segmented into the following:
• Food
• Bakery and Confectionery
• Dairy and Frozen Desserts
• Sauces and Dressings
• Beverages
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the allulose market report are Matsutani Chemical Industry Co. Ltd, Tate & Lyle PLC, CJ Cheil Jedang, Bonumose LLC- At a Glance, Cargill Inc, Ingredion Incorporated, Samyang Corporation, Anderson Global Group, Eat Just Inc., Wellversed, and Apura Ingredients.

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This release was published on openPR.