Report : Middle East and Africa Allulose Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Liquid and Powder & Crystals) and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, and Others) and Others]
Powder & Crystals Segment to Dominate MEA Allulose Market during 2020–2028
According to a new market research study on “MEA Allulose Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 18.44 million by 2028 from 11.79 US$ million in 2021. The market is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report provides trends prevailing in the MEA allulose market along with the drivers and restraints pertaining to the market growth. Growing popularity of ketogenic diet is the major factor driving the growth of the MEA allulose market. However, issues associated with presence of large number of substitute sweeteners and high cost of allulose hinders the growth of MEA allulose market.
The MEA allulose market is segmented into type, application, and country. Based on type, the allulose market is segmented into liquid and powder & crystals. The powder & crystals segment accounted for a larger market share in 2020. Based on application, the allulose market is segmented into food & beverages and others. The food & beverages segment is further segregated into bakery & confectionery, dairy & frozen desserts, beverages, and others. In 2020, the food & beverages segment accounted for a larger market share. Based on country, the MEA allulose market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of MEA.
Apura Ingredients, Inc; CJ CheilJedang; Ingredion Incorporated; and Tate & Lyle PLC are among the leading companies in the MEA allulose market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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