Allulose Market is projected to rise at a CAGR of ~8% to reach ~US$ 450 Mn by 2030

A recent study published by Transparency Market Research on the allulose market includes global industry analysis and opportunity assessment for 2020-2030. The global allulose market was forecast to be valued at ~US$ 210 Mn in 2020. The allulose market is projected to rise at a CAGR of ~8% to reach ~US$ 450 Mn by 2030.
The COVID-19 outbreak will have significant impact on the global economy. The spread of COVID-19 has triggered concerns for global players and regional players. Experts fear that ongoing restrictions could result in economic slowdown for the next 3-4 years. Businesses are expected to witness impact of this ongoing scenario on their sales in the upcoming year. As allulose is a convenience product and not a necessity for a large share of the population, the demand is expected to decline for a year or two and reaching a stagnant phase for the next few years.
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Soaring Demand for Allulose Products from Health Conscious Consumers to Propel Allulose Market 

At present, consumers are increasingly more conscious about health and wellness worldwide. The significant rise in the number of health-conscious consumers has played an imperative role in increasing the demand for low-calorie and low-sugar food ingredients and products. At the back of growing interest in low-calorie products, consumers are increasingly swaying toward the use of allulose. The demand for allulose is on the rise, as it has emerged as a promising alternative for natural sugar. In addition, several studies have also revealed that apart from containing around one-tenth of the total calories of that in sugar, consumers are leaning toward the use of allulose, as it does not cause dental decay and is relatively safer than sugar.
Although a broad range of artificial sweeteners has hit the market in the past couple of decades, consumer demand for allulose is on the rise, thus driving the allulose market. Consumer trends suggest a growing interest in science-based data and transparency from food and beverages manufacturers. The labeling guidance released by the Food and Drug Administration (FDA) has shown the green signal to the use of allulose as a substitute for specific sugars– a factor that is expected to propel the demand for allulose during the forecast period. At the back of these factors, the global allulose market is expected to attain a market value of ~US$ 450 Mn by the end of 2030.

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