Asia Pacific Allulose Market Size, Share & Industry Trends Analysis Report By Nature (Conventional and Organic), By Type (Powder, Liquid, and Crystal), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Allulose Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Allulose is low-carb and keto-friendly, which is especially advantageous because conventional sweeteners, such as table sugar, honey, and maple syrup are off-limits to individuals on a low-carb diet. Allulose is a calorie-free sugar that goes through the body without being metabolized. Allulose is becoming extremely prevalent as a sweetening component in numerous countries all over the world for all of these reasons, and a significant increase in product launches incorporating allulose can be witnessed across the world. Snack bars, ice cream, and cereals are among the places where it's used.
Allulose is high in antioxidants and helps to detoxify the liver by reducing fat buildup. Consumers' rising concern about health and wellness drives them to substitute naturally produced sweeteners for regular sugar, which drives up the demand for allulose. Because it is an excellent source of energy for people who strive to live a healthy lifestyle, food and beverage manufacturers have included allulose in the form of powder in a range of health supplements and beverages.
India is the world's largest producer of wheat, and because allulose is generated from wheat, it is one of the most significant producers and users of allulose in South Asia. Following the customer demand for low-calorie biscuits, cakes, and cookies, allulose is broadly used as a natural sweetener in confectionery and bakery items in India. Consumer health awareness is increasing, and there is a growing demand for organic products, which is driving the sales of allulose in the region. As an emerging market with a large population, prominent market participants are looking to take advantage of the current opportunities.
Furthermore, according to the Ministry of Food Processing Industries, Food processing is one of India's most important sectors, accounting for 32% of the country's total food market. With the constant expansion of the processed food market and bakery sector of the country, the demand for allulose would rise. Therefore, the growth of the regional market is rising.
The China market dominated the Asia Pacific Allulose Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $34,002.1 Thousands by 2028. The Japan market is anticipated to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 10.7% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Type, the market is segmented into Powder, Liquid, and Crystal. Based on Application, the market is segmented into Bakery & Confectionery, Food, Dairy & Frozen Desserts, Sauces & Dressings, Beverages, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Allulose Market is Projected to reach USD 294.6 Million by 2028, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion, Incorporated, Tate & Lyle PLC, Johnson & Johnson (McNeil Nutritionals, LLC), CJ CheilJedang Corporation, Cargill Corporation, Quest Nutrition LLC (Atkins Nutritionals Holdings, Inc.), Anderson Global Group, LLC, Apura Ingredients, Inc., Matsutani Chemical Industry Co., Ltd., and Bonumose, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Sauces & Dressings
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Ingredion, Incorporated
- Tate & Lyle PLC
- Johnson & Johnson (McNeil Nutritionals, LLC)
- CJ CheilJedang Corporation
- Cargill Corporation
- Quest Nutrition LLC (Atkins Nutritionals Holdings, Inc.)
- Anderson Global Group, LLC
- Apura Ingredients, Inc.
- Matsutani Chemical Industry Co., Ltd.
- Bonumose, Inc.
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