Rare Sugar Market Trends, Growth & Analysis 2024-2033

The Business Research Company recently released a comprehensive report on the Global Rare Sugar Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The rare sugar market size has grown steadily in recent years. It will grow from $1.83 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to sugar reduction initiatives, expansion of functional confectionery, supportive regulatory environment, increased use in pharmaceuticals, increase prevalence of diabetes.

The rare sugar market size is expected to see steady growth in the next few years. It will grow to $2.28 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to consumer demand for natural sweeteners, expansion of personalized nutrition, continued research on health benefits, alternative sweeteners in foodservice, diversification of rare sugar product portfolio. Major trends in the forecast period include innovations in rare sugar production, research and development in food technology, natural and clean label products, collaborations and partnerships, health and wellness trends.

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Market Drivers and Trends:

The increasing prevalence of diabetes is expected to propel the growth of the rare sugars market going forward. 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. Therefore, the increase in the prevalence of diabetes is driving the growth of the rare sugars market.

Technological innovations are a key trend in gaining popularity in the rare sugars market. 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. Tagatose is 90% as sweet as table sugar but has 62% fewer calories and no harsh aftertaste.

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Major Key Players of the Market:

ASTRAEA Allulose LLC; Douglas Laboratories Inc.; DuPont de Nemours Inc.; Hebei Huaxu Pharmace; Cosun Beet Company;; Bunge Limited; Cargill Incorporated;; ED&F Man Commodities Sp Z.O.O.; Louis Dreyfus Company;; Mitr Phol Sugar Corporation; Nordzucker AG;; Südzucker AG;; Tereos SAS; Wilmar International Limited utical Co. Ltd.; Matsutani Chemical Industry Co. Ltd.; Nature Supplies Co. Ltd.; Sanwa Starch Co. Ltd.; Specom Biochemical Co. Ltd.; Sweet Cures Limited; Tate & Lyle plc; Bonumose Inc.; CJ CheilJedang Corp.; Ingredion Inc.; International Flavors & Fragrances Inc.; Jinan Shangbo Biotech Co. Ltd.; Samyang Corporation; Illovo Sugar Limited; Associated British Foods plc; Archer Daniels Midland Company; ASR Group;

Rare Sugar Market 2024 Key Insights:

• The rare sugar market size will grow to $2.28 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%.
• Rare Sugars Market Surge Mitigating Diabetes Amid Growing Prevalence
• Innovative Technological Advancements Reshaping The Rare Sugars Market
• North America was the largest region in the rare sugar market in 2023

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