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Technological Innovations Drive Rare Sugar Market as Companies Like Bonumose Inc. Introduce Novel Production Methods
Global Rare Sugar Market
Dublin, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The "Rare Sugar Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global rare sugar market is on track for steady growth, with projections indicating an increase from $1.74 billion in 2022 to $1.83 billion in 2023, at a compound annual growth rate (CAGR) of 5.4%. Furthermore, the market is expected to reach $2.1 billion by 2027, with a CAGR of 4.3%.
Key players in the rare sugar market, including ASTRAEA Allulose LLC, Douglas Laboratories Inc., and DuPont de Nemours Inc., are driving innovation and market expansion.
Key Reasons to Consider:
Global Insights: Access the most comprehensive report available, covering 50+ geographies, for a truly global perspective on the rare sugar market.
COVID-19 Impact: Understand how the market has responded to the pandemic and its evolving dynamics as the impact of the virus abates.
Geo-Political Impact: Assess the effects of global events like the Russia-Ukraine war on agriculture, energy, and mineral commodity supply and their direct and indirect influence on the market.
Inflation Analysis: Measure the impact of high global inflation on market growth.
Regional Strategies: Create effective regional and country strategies backed by localized data and analysis.
Growth Segments: Identify growth segments for potential investment opportunities.
Competitive Edge: Outperform competitors using forecast data and insights into market drivers and trends.
Market Shares: Understand customer behavior and preferences based on the latest market shares.
Performance Benchmarking: Benchmark your organization's performance against key competitors.
Data for Presentations: This report offers reliable, high-quality data and analysis suitable for both internal and external presentations.
Rare sugars, including monosaccharides and their derivatives found in limited quantities in nature, are gaining prominence in the market. These low-calorie sweeteners offer the taste and texture of sugar without the associated calories.
Key product types in the rare sugar market include D-mannose, allulose, tagatose, D-xylose, L-arabinose, L-fucose, D-psicose, and others. These products are available through various distribution channels, such as supermarkets, hypermarkets, convenience stores, pharmacies, and online platforms, and are applied in dietary supplements, cosmetics, pharmaceuticals, and food and beverages.
The market is witnessing a trend of technological innovations, with major companies adopting new technologies to maintain their competitive edge. For example, Bonumose Inc. launched a novel enzymatic process to produce tagatose, a low-calorie sweetener with 90% of the sweetness of table sugar and 62% fewer calories.
In a strategic move, Ingredion Incorporated acquired PureCircle in July 2020, strengthening its position in the specialty sweetener market. PureCircle specializes in producing innovative stevia sweeteners for the food and beverage industry.
North America led the rare sugar market in 2022, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. The market covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries included in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The rising prevalence of diabetes is expected to drive the growth of the rare sugar market. Rare sugars can serve as an ideal alternative to table sugar for diabetic individuals, as they do not significantly raise blood glucose levels. Regular consumption of rare sugars also contributes to reducing the risk of obesity and type 2 diabetes. According to the International Diabetes Federation, the global diabetic population is expected to increase from 537 million individuals in 2021 to 643 million by 2030 and 783 million by 2045. This escalating prevalence of diabetes underscores the growing demand for rare sugars as a healthier sweetening option.
The rare sugar market encompasses various products, including L-rhamnose, L-glucose, D-mannoheptulose, D-lyxose, and D-galactose. Market values represent the 'factory gate' values, reflecting the goods' value sold by manufacturers or creators to downstream entities, wholesalers, distributors, retailers, or end customers. This includes related services offered by the creators of the goods.
Key Attributes:
Report Attribute | Details |
No. of Pages | 275 |
Forecast Period | 2023 - 2027 |
Estimated Market Value (USD) in 2023 | $1.83 billion |
Forecasted Market Value (USD) by 2027 | $2.1 billion |
Compound Annual Growth Rate | 3.5% |
Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Rare Sugar Market Characteristics
3. Rare Sugar Market Trends And Strategies
4. Rare Sugar Market - Macro Economic Scenario
4.1. COVID-19 Impact On Rare Sugar Market
4.2. Ukraine-Russia War Impact On Rare Sugar Market
4.3. Impact Of High Inflation On Rare Sugar Market
5. Rare Sugar Market Size And Growth
5.1. Global Rare Sugar Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Rare Sugar Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Rare Sugar Market Segmentation
6.1. Global Rare Sugar Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
D-Mannose
Allulose
Tagatose
D-Xylose
L-Arabinose
L-Fucose
D-Psicose
Other Product Type
6.2. Global Rare Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Supermarkets/Hypermarkets
Convenience store
Pharmacies
Online channels
6.3. Global Rare Sugar Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Dietary Supplements
Cosmetics And Personal Care
Pharmaceuticals
Food And Beverages
7. Rare Sugar Market Regional And Country Analysis
7.1. Global Rare Sugar Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Rare Sugar Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/gb5la7
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