The growth of the allulose sector during the pandemic can be attributed to consumers becoming more health-conscious about the foods and beverages they eat and adopting healthier lives. As the market for convenience foods and functional foods grows, there is a rising need for additives that provide health advantages without compromising the flavour or sensory quality of food products, such as allulose. Due to increased urbanisation, rising living standards, and an increase in the number of working professionals with demanding schedules, a preference for healthy and practical cuisine has also increased. As consumers' lives change and their awareness of their health increases, the market is growing. The Food and Drug Administration has approved allulose as safe, and it works well in place of sugar. During the forecast period, these factors are anticipated to fuel the allulose market's revenue growth.
The size of the Global Allulose Market was estimated to be $95.4 million in 2021 and is anticipated to increase to $308.2 million by 2032, with a CAGR of 11.7% from 2022 to 2032.
Top Companies in the Allulose Industry:
1. Matsutani Chemical Industry Co. Ltd: .An organisation established in Decatur, Illinois that offers sales and marketing services. The business supports Fibersol's global sales and marketing efforts. Fibersol is a comprehensive line of soluble dietary fibre components utilised in a range of food, beverage, and dietary supplement applications. Founded 2006. United States headquarters. Matsutani and Ingredion collaborate to produce sugar substitute in the Americas.
2. Tate & Lyle PLC: An international supplier of ingredients and services for food and drink is Tate & Lyle. Tate & Lyle is currently concentrated on specialty ingredients, such as sweeteners, starches, and soluble fibre, after selling a majority stake in its commodity ingredients business in 2022 and leaving the sugar industry a decade earlier. Founded 1921. Located in England, in the United Kingdom. Tate & Lyle and the Foundation for Poverty Alleviation in China form a new cooperation.
3. CJ Cheil Jedang: The food business in Korea is called CJ CheilJedang Corp. The company produces a variety of foodstuffs and medications. It engages in a number of industry sectors, including those related to food and food ingredients, life sciences, feed and livestock, and healthcare. Most of the ingredients are imported, and the profit frequently depends on the currency rate. Founded 1953. Seoul, South Korea, serves as the headquarters. CJ CheilJedang Provides Funding to New Culture to Continue Scaling Efforts.
4. Bonumose LLC: Producer of raw food ingredients wanted to provide a healthier option to goods with added sugar. Due to its low glycemic index and lack of cariogenic properties, the company specialises in producing rare and natural sugar, which enables its client companies to use cost-effective and healthy sugar in their procedures and promotes better gut health. Founded in 2016. Headquarters in the US city of Charlottesville. In 2020, Bonumose collaborated with Hershey.
5. Cargill Inc: Farmer, producer, manufacturer, retailer, government, and other service providers are served by the producer of agricultural products and the provider of financial services. Founded 1869. United States headquarters in Minneapolis. Cargill and Cubiq Foods, a Barcelona-based food technology business, have agreements in place for the co-development and go-to-market of new, plant-based fat components.
6. Ingredion Incorporated: For the food, beverage, paper, and personal care industries, Ingredion produces ingredients. Built in 1906. American Westchester serves as the headquarters. Next-Generation Chickpea Proteins for North America Will Be Scaled Up Through Exclusive Commercial Distribution Partnership Between Ingredion and InnovoPro.
*Definition: Allulose is a naturally occurring sugar found in figs, raisins, wheat, maple syrup and molasses.
