The allulose market in South America is sub segmented into Brazil, Argentina, and the South America. In recent years, consumers in the region have become more aware of the advantages of low-calorie sweeteners over artificial sweeteners. Due to lifestyle changes, high obesity rates and decreased physical activity are increasing consumers' concerns about their health and fitness. Therefore, they are replacing table sugar with low-calorie alternatives that taste like sugar. Allulose is a widely used natural sweetener in food items such as bakery products, confectioneries, desserts, dry mixes, spices, and seasonings. Brazil's allulose market is projected to register notable growth during the forecast period. The emergence of the COVID-19 pandemic has resulted in increasing consumer health awareness, which is fueling the demand for healthy sugar substitutes. Moreover, the rapid growth of the bakery & confectionery industry in the country has fueled the product demand. Consumers in Brazil suffer mobility-related health issues such as osteoporosis, bone health, and joint health issues, arthritis since allulose helps to recover these health issues, the allulose market in Brazil is expected to witness significant growth over the forecast period. The Allulose market in Argentina is projected to have notable growth during the forecast period. The demand for allulose from the food & beverages industry is rising sharply in Argentina, which is expected to lead to market growth. The Rest of South America allulose market is segmented into Chile, Peru, Uruguay, Colombia, and Paraguay. These countries are offering potential growth opportunities for the allulose market owing to substantial economic growth, the increasing influence of people in countries regarding a healthy lifestyle, and the growing interest in natural sugar-based products. Also, the population and continuous improvement have positively affected the economy of South American countries. The shift in consumer lifestyle and dietary patterns has been a key boosting factor for the growth of the allulose market in South America.
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 South America allulose market. The South America allulose market is expected to grow at a good CAGR during the forecast period.
South America Allulose Market Segmentation
The South America allulose market is segmented into type, application, and country. Based on type, the market is segmented into liquid and powder & crystals. The powder & crystals segment accounted for a larger market share in 2020. Based on application, the 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 South America allulose market is segmented into Brazil, Argentina, and the Rest of South America.
Apura Ingredients, Inc; CJ CheilJedang; Ingredion Incorporated; and Tate & Lyle PLC are among the leading companies in the South America allulose market.