The rising prevalence of obesity and diabetes worldwide is foreseen to push the demand for natural sweeteners. Consider the following facts:
- In 2020, more than 39% of the adult global population worldwide was overweight.
- If the prevalence continues to stay, studies anticipate that half of the world’s population will be obese/overweight by 2030 end.
- By 2045, the burden of type 2 diabetes is speculated to reach 200 million people, with Europe recording the highest disease burden- around 68 million.
- Furthermore, diabetes resulted in $760 billion dollar in health expenditure in 2019.
The debilitating impact of obesity and diabetes has undeniably led to a demand spurt for allulose, a substitute for table sugar, for its impeccable health benefits like regulating blood sugar levels, reducing risks of chronic diseases IBS, and others. According to FDA analysis, the compound offers only 0.2 to 0.4 calories per gram compared to the table sugar.
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What makes allulose highly preferable amongst the morbid population is the fact that 70 to 84% of the compound consumed is absorbed into the blood from digestive tract and directly eliminated through the urinary tract without being used as a fuel. This is why it is used in place of table sugar, supporting weight and diabetes management.
“Driven by the ongoing advancements in the space, allulose market is perceived to surpass USD 98 million, in revenue, by 2027”- Global Market Insights Inc
An important point to note here is that allulose is FDA approved and permitted to be used in food and beverages. Owing to this accomplishment, various compound producers and marketers are debuting the marketplace for allulose, in lieu to cater to the health-conscious population globally.
Here is a lookout at some of the prominent initiatives taken up by leading industry players and product providers in the allulose business. These monumental moves would support conglomerates to gain a significant position in the overall market sphere in the coming years:
- Tate and Lyle
In 2021, a pioneer of food and beverage ingredients and solutions, Tate and Lyle PLC announced expanding its Dolcia Prima allulose lineup with the launch of a crystalline form certified as ‘Non-GMO Project Verified’.
Company officials stated that by expanding the Dolcia Prima allulose line, the firm is adding another tool to its expansive portfolio of the compound, ensuring that it can respond to the surging consumer demand for tastier, healthier, and clean label products.
- Bonumose
In October 2021, Bonumose announced investing $27.7 million in the production and R&D facilities in a 36,000 sq ft facility in Viriginia. This would enable the company to enhance the allulose extraction and manufacturing.
It was reported that the firm’s process yields are much higher which results into extraction of 90% of allulose from maltodextrin owing to its patented process involving irreversible enzymatic reaction. Driven by the exclusive outcomes, the new facility establishment would support the growth of allulose market in the near future.
- Whole Earth Brands, Inc.
It was recently observed that the United States-based global food company launched new Whole Earth Allulose Baking Blends. This revelation was made to meet the growing needs of customers looking for reducing the sugar content in their diets.
Resources explain that the initiative is the latest launch for the company in its venture to expand its baking portfolio, also improving the growth prospects of allulose market across different emerging and developed nations.
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Nutrishus Brands’ RxSugar
Being one of the leading companies producing healthiest plant-based sugar and syrup brands- RxSugar, Nutrishus Brands has declared securing USD 4 million in seed round to expand the consumer access to low-calorie sweetener allulose with launch of new RxSugar products.
Imperatively, the company was the first in the US to officially commercialize allulose post the FDA approved it to be excluded from total and added sugars on the nutrition facts panel the previous year.
With novel practices being taken up to scale down the prevalence of obesity, diabetes, and other health related disorders, several conglomerates striving to support the consumer health are going nine yards for production of products rich in allulose. This would stimulate allulose market trends by 2027 end.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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