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Rare Sugar Market
With a consistent 4.1% CAGR from 2022 to 2032, the rare sugar market is anticipated to surpass US$ 1.5 billion in 2022 and reach US$ 2.1 billion by 2032.
The global population is showing an inclination toward low-calorie sweeteners owing to the rise in chronic disorders such as diabetes, blood pressure, and cardiovascular diseases. The food and beverage sector has adopted the use of rare sugar such as allulose as sweeteners in bakeries, dairy food, confectionery, therapeutic food, and others.
D-tagatose, allulose, and other natural sweeteners serve as low-calorie sweeteners. These sweeteners are replacing table sugar in the food industry. Hence, the rare sugar market is anticipated to show significant growth during the forecast period of 2022 and 2032.
Rare Sugar Market: Key Drivers and Opportunities
During the onset of the COVID-19 pandemic, the entire world realized the importance of health and wellness. This aspect led to the growth of the rare sugar market owing to the rise in popularity of healthy food and beverage among the global populace. Furthermore, the increase in the sales of dietary supplements, food, beverage, pharmaceuticals, and others during the pandemic eventually may bring significant growth to the rare sugar market. During the lockdowns, other businesses got affected but the food industry and pharmaceutical sector were under the essential category so the supply of food and pharmaceuticals was smooth. These factors proved to be growth boosters for the rare sugar market.
The escalating use of D-mannose in pharmaceuticals is due to the presence of glycosylation in it which aids in ameliorating symptoms of urinary infections. Additionally, the rare sugar solutions are nutritious and low-calorie supplements to improve metabolism and the overall health may bring multiple growth opportunities for the rare sugar market during the forecast period.
The rising demand for natural cosmetics has led to the penetration of rare sugar into the cosmetic industry. The rare sugar solutions act as skin conditioners and preservatives. In addition, the awareness among the consumers regarding the ingredients present in the products is likely to boost the growth of the rare sugar market.
Key Players in the Rare Sugar Market
- Douglas Laboratories
- DuPont de Nemours Inc.
- Naturesupplies
- Sweet Cures
- Hebei Huaxu
- ASTRAEA Allulose
- Specom Biochemical
- Sanwa Starch
- Tate & Lyle
- Matsutami Chemical industry
- Other
Recent Developments in Rare Sugar Market
- Tate & Lyle and Codexis Inc have extended and strengthened their partnership in order to improve the manufacturing of two of Tate & Lyle’s newest sweeteners, TASTEVA® M Stevia and DOLCIA PRIMA® Allulose Sweetener, in January 2021. Codexis Inc is a major protein engineering and high-performance enzyme developer.
- Samyang Corporation, a South Korean food company, formed a consortium in December 2021 with multinational ingredient provider Ingredion Inc., sugar beet specialist Cosun Beet Co., and major specialty starch and fibre producer Matsutani Chemical Industry Co., Ltd. to seek approval for the use of allulose as a food ingredient in the United Kingdom and Europe.
Rare Sugar Market by Category
By Product, Rare Sugar Market is Segmented as:
- D-Mannose
- Allulose
- Tagatose
- D-Xylose
- L-Arabinose
- L-Fucose
By Application, Rare Sugar Market is Segmented as:
- Dietary Supplements
- Cosmetics & Personal Care
- Pharmaceuticals
- Food & Beverages
By Region, Rare sugar Market is Segmented as:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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