USD 101.14 million
D-psicose Market Size, Share, Growth Analysis, By Application(Food, Beverages, others), By Type(Powder, Syrup, Crystal), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2438 |
Region:
Global |
Published Date: October, 2024
Pages:
248
|Tables:
63
|Figures:
75
D-psicose Market Insights
D-psicose Market size was valued at USD 101.14 million in 2019 and is poised to grow from USD 129.08 million in 2023 to USD 918.52 million by 2031, growing at a CAGR of 27.8% in the forecast period (2024-2031).
Continuously growing demand for sugar substitutes along with the rising popularity of functional food products and high prevalence of diabetes and obesity across the globe are the major key factors projected to drive the growth of the global D-psicose market during the forecast period. In the last few years, demand and adoption of various low-calorie sweeteners among several end-use industries such as food and beverages are likely to have positive impact on the growth of the global market over the coming years.
Furthermore, increasing research & development activities for the development and improvement of sugar-free products by various key market players across the globe to cater the growing demand for D-psicose is also anticipated to contribute significantly to the growth of the global market over the forecast period. Change in lifestyles and higher adoption of clean label products globally are some other key factor influencing the growth of the market at a strong rate of growth.
US D-psicose Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Food
Fastest Growth
Beverages
Growth Rate
27.8% CAGR
Global D-psicose Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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D-psicose Market Segmental Analysis
Global D-psicose market is segmented on the basis of application, type, and region as well. By application, the market is segmented into food, beverages, and others. By type, the D-psicose Market is categorized into powder, syrup, and crystal. By region, the D-psicose Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
D-psicose Market Analysis by Application
By application, the food segment accounted for the largest market share in 2021 and is projected to maintain its dominance throughout the forecast period. Change in consumer preferences towards healthier food products and changing pattern of food consumption across the globe are major factors expected to drive the growth of the segment market in the coming years. Moreover, an extensive rise in the usage of various type of sugar substitutes such as baked food products, savory snacks, and confectionary items are likely to boost the growth and adoption of the segment at a high rate.
Furthermore, the beverages segment is witnessing fastest CAGR during the forecast period owing to the rising awareness regarding several health benefits offered by D-psicose in the beverages. In addition, increasing number of D-psicose based beverage launches by key companies worldwide to cater the growing need for low-calorie beverages is also likely to fuel the expansion of the segment market over the coming years.
D-psicose Market Analysis by Type
By type, the syrup segment is projected to hold significant revenue share during the forecast period due to its ease to mix with many other ingredients and a higher life span of the product. Additionally, growing efforts on the enhancement and development of syrups by large market manufacturers including Baolingbao Biological Co. Ltd., among others are highly investing on the development of their products in syrup form is expected to influence the growth of the segment rapidly in the coming years. Moreover, easy transportation and storage of these products is another factor attracting service provide to convert their products in syrup form, which is accelerating the market growth across the globe.
Global D-psicose Market By Application type, 2021 (%)
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D-psicose Market Regional Insights
Globally, North America dominated the D-psicose market with a holding of significant market share in 2021 and is set to retain its position over the forecast period owing to growing awareness regarding health and wellness and early adoption to highly advanced production technologies in the region. In addition, wide presence of key market players in the region and their continuously growing efforts on the expansion of the regional market is anticipated to have a positive impact on the market in the near future. For instance, Ingredion, a leading provider of ingredient solutions to large range of industries, announced the opening of its first allulose manufacturing plant in San Juan del Ro, Mexico.
However, Asia Pacific region is anticipated to witness fastest growth rate over the forecast period due to the rising number of people suffering from obesity and diabetes, growing concerns regarding health issues, and highly influencing trend for healthy food ingredients in the region. Additionally, increasing efforts by government of various developing countries such as India, China, and Indonesia on imposing taxes on sugar-sweetened products, are creating higher growth opportunities for the market in the region.
Global D-psicose Market By Geography, 2021-2028
- Largest
- Fastest
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D-psicose Market Dynamics
D-psicose Market Drivers
- Growing Health Consciousness among Consumers to Drive Market Growth
Increasing number of health-conscious people who are looking for better alternatives to sugar and growing awareness of regular consumption of high-calories products impact on health, which leads to several health issues are key factors expected to drive the growth of the global D-psicose market during the forecast period. Moreover, increasing R&D activities and initiatives by government and private institutions on the enhancement of low-calorie products and ingredients to provide a better life cycle to consumers is also propelling the market growth exponentially.
D-psicose Market Restraint
- Stringent Regulations to Hamper Market Growth
Various stringent government regulations on D-psicose and its high adverse health impacts by regular consumption are expected to be the major restraints for the growth of the global market throughout the forecast period. In addition, lack of awareness about these products in many low-medium sized economies across the globe is also likely to hamper the expansion of the market in the coming years.
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D-psicose Market Competitive Landscape
Global D-psicose market is moderately fragmented in nature with the presence of several large market players operating around the world. Major market players are highly focusing on various business developing strategies including new product development, technological advancements, collaborations, partnerships, and strategic alliances for the better expansion of their geographical presence and product portfolio.
D-psicose Market Top Player’s Company Profiles
- Samyang Corporation
- Matsutani Chemical Industry Co., Ltd.
- CJ CheilJedang Corporation
- Shandong Baisheng Biotechnology Co., Ltd.
- Shijiazhuang Huaxu Pharmaceutical Co., Ltd.
- Foodchem International Corporation
- Ingredion Incorporated
- Dajiang (Zhangjiakou) Bio-Technology Co., Ltd.
- Hebei Huaxu Pharmaceutical Co., Ltd.
- Sweet Cures Limited
- Jinan Prosweet Biotechnology Co., Ltd.
- L&P Food Ingredient Co., Ltd.
- Merck KGaA
- Fooding Group Limited
- Spectrum Chemical Mfg. Corp.
- Tokyo Chemical Industry Co., Ltd.
- Yancheng Hongtai Bioengineering Co., Ltd.
- Amicogen, Inc.
- BioNeutra North America Inc.
- Baolingbao Biology Co., Ltd.
D-psicose Market Recent Developments
- In May 2021, Tate & Lyle, a leading manufacturer of liquid and crystalline allulose announced the expansion of its supply capacity and its plan to increase the production to meet the growing consumer demand across the globe.
- In June 2021, General Mills announced its new brand product Good Measure, a novel brand of snacks along with low-calorie ingredients. The company’s new product line includes 3 types of bars including Almond & Dark Chocolate, Peanut & Dark Chocolate, and Blueberry & Almond.
D-psicose Key Market Trends
- In the last few years, a rapid surge in demand for products contains less sugar and have high immunity-boosting capabilities as people looking for solutions to boost their health and well-being and is likely to create lucrative growth opportunities for the market growth over the coming years.
D-psicose Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global D-psicose market is projected to grow at significant growth rate over the forecast period owing to increased number of people shifting their preferences towards healthy and nutritional ingredients across the globe. Moreover, presence of hypoglycemic, hypolipidemic, and various antioxidants in D-psicose makes it’s a perfect choice for preventing diabetes and other health related concerns, which is likely to be a major driving factor for the growth of the global market rapidly in the coming years. However, expensive cost of these products is likely to hamper the growth and expansion of the market across the globe.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 101.14 million |
| Market size value in 2031 | USD 918.52 million |
| Growth Rate | 27.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on D-psicose Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on D-psicose Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the D-psicose Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the D-psicose Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the D-psicose Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the D-psicose Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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