Global Rare Sugar Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
21 Jul, 2023
The global rare sugar market size is expected to grow from $1.74 billion in 2022 to $1.83 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rare sugar market size is expected to reach $2.1 billion in 2027 at a CAGR of 4.3%.
Global Rare Sugar Market Key Driver
The rising prevalence of diabetes is projected to drive the growth of the rare sugars market in the coming years. Diabetes is a chronic condition caused by the pancreas' failure to make insulin or by insulin sensitivity. Because they do not raise blood glucose levels, the unusual sugars can be used in place of ordinary sugar by diabetics. Furthermore, regular use of rear sugar aids in the prevention of obesity and type 2 diabetes.
Get a sample of the global rare sugar market reportGlobal Rare Sugar Market Segments
The global rare sugar market 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
4) By Geography: The regions covered in the rare sugar market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global rare sugar market.
Major Rare Sugar Industry Players
ASTRAEA Allulose LLC, Douglas Laboratories Inc., DuPont de Nemours Inc., Hebei Huaxu Pharmaceutical Co. Ltd., Matsutani Chemical Industry Co. Ltd., Nature Supplies Co. Ltd., Sanwa Starch Co. Ltd., Specom Biochemical Co. Ltd., Sweet Cures Limited, Tate & Lyle PLC, Bonumose Inc., CJ CheilJedang Corp., Ingredion Inc., International Flavors & Fragrances Inc., Jinan Shangbo Biotech Co. Ltd., Samyang Corporation
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Rare Sugar Market Overview
Rare sugars refer to monosaccharaides and their derivatives available in limited quantities in nature. It is a low-calorie sweetener provides the flavor and texture of sugar without all the calories.
Rare Sugar Global Market Report 2023 provides data on the global rare sugar market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rare sugar market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.