The Rare Sugar Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rare Sugar Global Market Report 2024, The rare sugar market size has grown steadily in recent years. It will grow from $1.83 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to sugar reduction initiatives, expansion of functional confectionery, supportive regulatory environment, increased use in pharmaceuticals, increase prevalence of diabetes.
The rare sugar market size is expected to see steady growth in the next few years. It will grow to $2.28 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to consumer demand for natural sweeteners, expansion of personalized nutrition, continued research on health benefits, alternative sweeteners in foodservice, diversification of rare sugar product portfolio. Major trends in the forecast period include innovations in rare sugar production, research and development in food technology, natural and clean label products, collaborations and partnerships, health and wellness trends.
The increasing prevalence of diabetes is expected to propel the growth of the rare sugars market going forward. Diabetes is a chronic disease that occur when the pancreas' fails to produce insulin or because of insulin sensitivity. The rare sugars can replace table sugar for diabetics’ patients as they don't cause blood glucose levels to rise. Also, the regular use of rear sugar help in reducing the development of obesity, and type 2 diabetes. For instance, in 2021, according to the International Diabetes Federation, a Belgium-based an umbrella organization of over 230 national diabetes associations in more than 160 countries and territories, in 2021, there are total 537 million individuals (20-79 years old) worldwide with diabetes, and it is anticipated that by 2030, there will be 643 million diabetics and 783 million by 2045 globally. Therefore, the increase in the prevalence of diabetes is driving the growth of the rare sugars market.
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The rare sugar market covered in this report is segmented –
1) By Product Type: D-Mannose, Allulose, Tagatose, D-Xylose, L-Arabinose, L-Fucose, D-Psicose, Other Product Type
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience stores, Pharmacies, Online channels
3) By Application: Dietary Supplements, Cosmetics And Personal Care, Pharmaceuticals, Food And Beverages
Technological innovations are a key trend in gaining popularity in the rare sugars market. Major companies operating in the rare sugars market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Bonumose Inc., a US-based food ingredient manufacturer, launched a new manufacturing and research and development facility to produce tagatose using a novel low-cost proprietary method of the enzymatic process. It involves the conversion of fructose 6-phosphate (F6P) to tagatose 6-phosphate (T6P) that is catalyzed by an epimerase and converting the T6P to tagatose that is catalyzed by phosphatase in a single reaction vessel, and the process steps are ATP-free. Tagatose is 90% as sweet as table sugar but has 62% fewer calories and no harsh aftertaste.
The rare sugar market report table of contents includes:
Executive Summary
Rare Sugar Market Characteristics
Rare Sugar Market Trends And Strategies
Rare Sugar Market - Macro Economic Scenario
Global Rare Sugar Market Size and Growth
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Global Rare Sugar Market Competitive Benchmarking
Global Rare Sugar Market Competitive Dashboard
Key Mergers And Acquisitions In The Rare Sugar Market
Rare Sugar Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:
ASTRAEA Allulose LLC
Douglas Laboratories Inc
DuPont de Nemours Inc
Hebei Huaxu Pharmace
Cosun Beet Company
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