The US, Canada, and Mexico are major economies in North America. Table sugar has been extensively used as a sweetener in various food and beverages, including bakery products, confectionery, carbonated and noncarbonated beverages, ice creams, and desserts. However, high consumption of refined sugar is associated with various health risks such as diabetes, obesity, heart diseases, and inflammation. The consumption of highly processed junk food has increased significantly, owing to hectic and busy work schedules. Processed food and beverages usually contain high amounts of refined sugar, posing potential health risks to the consumers.
Along with diabetes, the prevalence of obesity and cardiovascular diseases is also rising. However, the awareness regarding the harmful effects of consuming refined sugar is increasing among people. Therefore, people are increasingly shifting toward low-intensity sweeteners. Low-intensity sweeteners have a negligible calorie count and are excellent substitutes for refined sugar. D-allulose, xylitol, sorbitol, D-tagatose, maltitol, and mannitol, among others, are the most commonly used low-intensity sweeteners. Among all the low-intensity sweeteners, allulose is gaining huge traction among consumers as it is 70% as sweet as sucrose and has 0.4 calories per gram, making it a perfect sugar replacement. Allulose is generally recognized as safe (GRAS) by the US Food and Drug Administration (FDA). Many food and beverage manufacturers are incorporating allulose to develop low-calorie and low-sugar products. The rising demand for low-intensity sweeteners, owing to the rising prevalence of health issues such as diabetes and obesity, is one of the key factors driving the allulose market.
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 North America allulose market. The North America allulose market is expected to grow at a good CAGR during the forecast period.
North America Allulose Market Segmentation
North America 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 North America allulose market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.
Anderson Global Group, LLC; Apura Ingredients, Inc; Bonumose, Inc.; CJ CheilJedang; Ingredion Incorporated; Matsutani Chemical Industry Co., Ltd.; Nutra Food Ingredients; Samyang Corporation; Savanna Ingredients GmbH; and Tate & Lyle PLC are among the leading companies in the North America allulose market.