Asia Pacific 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]

The allulose market in APAC is expected to grow from US$ 124.72 million in 2021 to US$ 189.67 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Many countries are approving allulose to be used in various food and beverages, such as bakery and confectionery products, ice creams, desserts, and ready-to-drink beverages, to reduce the country's calorie intake and promote health and wellbeing. Allulose is a low-intensity sweetener present in trace amounts in figs and raisins. However, it is commercially extracted from corn and sugar beets. Various companies are investing significantly in developing innovative and cost-effective processes for the production of allulose. The governments of various countries such as India and China have approved the utilization of allulose in food and beverages in specified quantities. Allulose differs from other sugars. The human body does not metabolize it in the same manner as table sugar. It has less calories, causes only minor rises in blood glucose or insulin levels, and does not contribute to tooth decay. Given the rising pressure on the industry to cut sugar and calories, the FDA's decision is expected to inspire additional interest in allulose as a sugar alternative.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC allulose market. The APAC allulose market is expected to grow at a good CAGR during the forecast period.

APAC Allulose Market Revenue and Forecast to 2028 (US$ Million)

APAC Allulose Market Segmentation

APAC 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 APAC allulose market is segmented into China, India, Japan, South Korea, and the Rest of APAC.

Apura Ingredients, Inc; CJ CheilJedang; Ingredion Incorporated; Matsutani Chemical Industry Co., Ltd.; Samyang Corporation; Savanna Ingredients GmbH; and Tate & Lyle PLC are among the leading companies in the APAC allulose market.  

1. Apura Ingredients, Inc
2. CJ CheilJedang
3. Ingredion Incorporated
4. Matsutani Chemical Industry Co., Ltd.
5. Samyang Corporation
6. Savanna Ingredients GmbH
7. Tate & Lyle PLC

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC allulose market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the APAC allulose market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the allulose market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution