Allulose is a naturally occurring sweetener and it can be found in various types of edible products. Wheat, figs, raisins, and jackfruits are known to contain allulose in good quantities. It tastes very similar to normal sugar but contains a lesser amount of calories and carbohydrates, making them a viable and healthy alternative. These attributes of allulose have multiplied its application in the dairy, food and beverage, pharmaceuticals, and cosmetics industries. The growing incidence of obesity and other lifestyle disorders is creating an urgent incentive among consumers to use allulose instead of traditional sugar. According to some reports, over 10.5% of the total population in the US had diabetes in the year 2020. The amalgamation of factors such as prevalent healthcare challenges, growing allulose cultivation, and increasing healthcare awareness is set to propel the global allulose market in the forecast period.
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Increasing Propensity to Consume Healthier Diet to Prolong Sound Growth Trajectory of Allulose Market
In the recent past, the growing internet and smartphone penetration and focused healthcare educational campaigns have increased awareness about preventive care across populations. The trend of people opting for healthier lifestyles and preventive care models is gaining notable traction across economies. Low-sugar, low-calorie, naturally derived, and organic food products are increasing in sales due to their associated health benefits. As the information about healthy lifestyle and diets continue to reach a wider set of audience, the consumption of allulose is expected to skyrocket in the coming years. These developments are poised to lead the global allulose market to sound maturity in the study period.
High Prevalence of Lifestyle Disorders to Coerce Consumption Pattern Changes, Influencing Allulose Market
The growing incidence of health conditions such as obesity, diabetes, and cardiovascular disorders is rising across economic sections. This is stimulating robust demand for healthier food products which have low sugar, salt, calories, and fat contents. Many government organisations and healthcare bodies are also promoting the consumption of healthy products.
In such a business landscape, the global allulose market is projected to grow at posthaste speeds in the upcoming years. Allulose consumption is found to benefit health while also catering to the consumers’ palette for good-tasting foods. Moreover, the recent surge in consuming more plant-based diets is creating more favourable outcomes for the overall allulose market.
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Asia Pacific to Lead Allulose Market Amidst Growing Purchasing Power, and Healthcare Awareness
Growing healthcare awareness and changing consumption patterns due to rapid urbanisation are growing throughout the Asia Pacific. These trends are directly enabling the region to lead the allulose market in terms of revenue share. Favourable free trade policies and growing globalisation in the region’s food industry are boding well for the market. In addition, per capita incomes and purchasing power is growing in major regional economies such as China and India. The demand for allulose-based and low-calorie bakery products and other organic foods is set to sustain the region’s prominent growth trends.
Major Market Entities
The most competitive players participating in the global allulose market include Ingredion Incorporated, Mcneil Nutritionals, Apura Ingredients, Anderson Global Group, Cargill, Bonumose LLC, Matsutani Chemical Industry Co. Ltd., CJ Cheiljedang Corp., Quest Nutrition, and Tate Lyle PLC.
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