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Rare Sugar Market Industry Analysis, Business Opportunity, Competitive Landscape And Future Scope Forecast 2023 To 2032
Rare Sugar Market
The Business Research Company's Rare Sugar Global Market Report 2023 identifies increasing prevalence of diabetes as the major driver for the Rare Sugar market's growth in the forecast period. Diabetes is a chronic disease that occur when the pancreas' fails to produce insulin or because of insulin sensitivity. The rare sugars can replace table sugar for diabetics' patients as they don't cause blood glucose levels to rise. Also, the regular use of rear sugar help in reducing the development of obesity, and type 2 diabetes. For instance, in 2021, according to the International Diabetes Federation, a Belgium-based an umbrella organization of over 230 national diabetes associations in more than 160 countries and territories, in 2021, there are total 537 million individuals (20-79 years old) worldwide with diabetes, and it is anticipated that by 2030, there will be 643 million diabetics and 783 million by 2045 globally.
The global rare sugar market size is expected to grow from $1.74 billion in 2022 to $1.83 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rare sugar market size is expected to reach $2.1 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the Rare Sugar market are ASTRAEA Allulose LLC, Douglas Laboratories Inc., DuPont de Nemours Inc., Hebei Huaxu Pharmaceutical Co. Ltd., Matsutani Chemical Industry Co. Ltd., Nature Supplies Co., Ltd., Sanwa Starch Co. Ltd., Specom Biochemical Co. Ltd.
A key trend in the Rare Sugar market includes Technological innovations. Major companies operating in the rare sugars market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Bonumose Inc., a US-based food ingredient manufacturer, launched a new manufacturing and research and development facility to produce tagatose using a novel low-cost proprietary method of the enzymatic process. It involves the conversion of fructose 6-phosphate (F6P) to tagatose 6-phosphate (T6P) that is catalyzed by an epimerase and converting the T6P to tagatose that is catalyzed by phosphatase in a single reaction vessel, and the process steps are ATP-free.
Read More On TheGlobal Rare Sugar Market Report Here: https://www.thebusinessresearchcompany.com/report/rare-sugar-global-market-report
The Rare Sugar market is segmented -
•By Product Type: D-Mannose, Allulose, Tagatose, D-Xylose, L-Arabinose, L-Fucose, D-Psicose, Other Product Type
•By Distribution Channel: Supermarkets/Hypermarkets, Convenience stores, Pharmacies, Online channels
•By Application: Dietary Supplements, Cosmetics And Personal Care, Pharmaceuticals, Food And Beverages
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Rare Sugar market.
The Business Research Company's "Global Rare Sugar Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rare Sugar Market Include:
1. Executive Summary
2. Rare Sugar Market Characteristics
3. Rare Sugar Market Trends And Strategies
4. Rare Sugar Market - Macro Economic Scenario
5. Rare Sugar Market Size And Growth
...................
26. Africa Rare Sugar Market
27. Rare Sugar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rare Sugar Market
29. Rare Sugar Market Future Outlook and Potential Analysis
30. Appendix
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