The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Steady Market Growth

• Recent Growth:
  • The rare sugar market grew from $1.83 billion in 2023 to $1.93 billion in 2024 at a CAGR of 5.0%.
• Historical Growth Factors:
  • Sugar reduction initiatives
  • Expansion of functional confectionery
  • Supportive regulatory environment
  • Increased use in pharmaceuticals
  • Rising prevalence of diabetes

Future Market Projections

• Expected Growth:
  • The market is projected to reach $2.28 billion by 2028, with a CAGR of 4.4%.
• Forecasted Growth Drivers:
  • Consumer demand for natural sweeteners
  • Expansion of personalized nutrition
  • Continued research on health benefits
  • Alternative sweeteners in foodservice
  • Diversification of rare sugar product portfolio

Read The Full Rare Sugar Market Report Here:

https://www.thebusinessresearchcompany.com/report/rare-sugar-global-market-report

Major Trends Shaping the Future

• Innovations in Production:
  • Advancements in rare sugar production techniques
• Research and Development:
  • Focus on food technology innovations
• Natural and Clean Label Products:
  • Increasing demand for natural ingredients
• Collaborations and Partnerships:
  • Strategic alliances to drive market growth
• Health and Wellness Trends:
  • Rising consumer awareness about health benefits

Mitigating Diabetes with Rare Sugars

• Diabetes Prevalence:
  • A significant driver of rare sugar market growth
  • Rare sugars can replace table sugar for diabetics, preventing blood glucose spikes
• Health Benefits:
  • Regular use can reduce obesity and type 2 diabetes risk
• Global Diabetes Statistics:
  • In 2021, 537 million adults had diabetes, expected to rise to 783 million by 2045 (International Diabetes Federation)

Key Players in the Rare Sugar Market

• Leading Companies:
  • ASTRAEA Allulose LLC
  • Douglas Laboratories Inc.
  • DuPont de Nemours Inc.
  • Hebei Huaxu Pharmaceutical Co. Ltd.
  • Cosun Beet Company
  • Bunge Limited
  • Cargill Incorporated
  • ED&F Man Commodities Sp Z.O.O.
  • Louis Dreyfus Company
  • Mitr Phol Sugar Corporation
  • Nordzucker AG
  • Südzucker AG
  • Tereos SAS
  • Wilmar International Limited
  • ASR Group

Technological Advancements Driving Innovation

• Technological Innovations:
  • Companies are adopting new technologies to maintain market position
• Bonumose Inc. Example:
  • In March 2023, Bonumose launched a new facility for low-cost tagatose production using an enzymatic process
  • Tagatose is 90% as sweet as table sugar with 62% fewer calories

Strategic Acquisitions in the Industry

• Hovione’s Acquisition:
  • In November 2023, Hovione acquired ExtremoChem Lda
  • Acquisition brings high-performance functional materials for stabilizing biopharmaceuticals
  • ExtremoChem produces bioinspired synthetic sugars

Market Segmentation

• By Product Type:
  • D-Mannose
  • Allulose
  • Tagatose
  • D-Xylose
  • L-Arabinose
  • L-Fucose
  • D-Psicose
  • Other Product Types
• By Distribution Channel:
  • Supermarkets/Hypermarkets
  • Convenience stores
  • Pharmacies
  • Online channels
• By Application:
  • Dietary Supplements
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Food and Beverages

Regional Insights

• North America:
  • Largest region in the rare sugar market in 2023
• Asia-Pacific:
  • Expected to be the fastest-growing region during the forecast period

The rare sugar market is poised for steady growth, driven by increasing health consciousness, technological innovations, and strategic industry collaborations. With a focus on natural sweeteners and the potential to mitigate diabetes, the market is set to expand, offering diverse opportunities for companies and consumers alike.

Get A Free Sample On The Global Rare Sugar Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10355&type=smp

The Rare Sugar Global Market Report 2024  provides an overview of the rare sugar market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The rare sugar market forecast analyzes rare sugar market size, rare sugar market share, leading competitor and their market positions.

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