Global D-psicose Market

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: July, 2036
Pages: 248 | Tables: 63 | Figures: 75

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 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).

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. '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.'

Growing Health Consciousness among Consumers to Drive Market Growth

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.

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.

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Global D-psicose Market

Report ID: SQMIG15E2438

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