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: October, 2024
Pages: 248 | Tables: 63 | Figures: 75

D-psicose Market News

  • 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.
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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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