LAMEA 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 Latin America, Middle East and Africa Allulose Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
Around 70 years ago, allulose was discovered in wheat for the first time. It has since been discovered in raisins, dried figs, molasses, and brown sugar. Allulose got FDA approval in 2015, and it has since been manufactured for use as a raw material in a variety of end-use industries including bakery, sweet spreads, confectionery, dairy, ice creams and desserts, drinks, medicines, and food service providers. Food producers all around the world are attempting to create food products that provide a variety of health benefits while also meeting customer taste expectations.
Allulose does not contribute to enamel erosion or encourage the growth of oral bacteria linked to cavity formation because it is not metabolized in the mouth. Despite the fact that allulose is a type of sugar with the same chemical formula as fructose and glucose, its physiological impact differs from that of regular sugars. Because of this distinction allulose can be classified as Total Carbohydrate rather than Total Sugars or Added Sugars on the Nutrition Facts label.
The allulose market in South Africa is expected to rise at a rapid pace in the coming years. The demand for organic ingredients is significantly rising in the country. The allulose market in South Africa would continue to be driven by rising health and wellness consciousness. Various government and international organizations' attempt to promote greater health and wellbeing, which is expediting the adoption of allulose in the country. Healthy Living Alliance (HEALA), for example, seeks to promote a healthy environment in South Africa by encouraging individuals to choose healthy food and lifestyle choices. Such measures have raised consumer awareness, presenting a profitable opportunity for allulose sales expansion in South Africa.
Obesity affects 31% of males along with 68% of women across South Africa. Obesity increases the risk of heart disease and premature death. This is a serious issue that affects both adults and children across the country. Obesity affects 13% of South African youngsters. In the Western Cape, 62.2% of women and 25.1% of men are overweight or obese, according to Stats SA. Due to this, the incorporation of allulose in food products in order to tackle the issue is increasing. This factor is driving the growth of the regional allulose market.
The Brazil market dominated the LAMEA Allulose Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,931.5 Thousands by 2028. The Argentina market is experiencing a CAGR of 12.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 11.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Allulose Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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