Global Rare Sugar Market Size 2024, Forecast To 2033
6 Mar, 2024
The rare sugar market has demonstrated steady growth, increasing from $1.83 billion in 2023 to $1.93 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 5.0%. This growth in the historical period can be attributed to initiatives aimed at sugar reduction, the expansion of functional confectionery, a supportive regulatory environment, heightened usage in pharmaceuticals, and the rising prevalence of diabetes. Projecting ahead, the rare sugar market is anticipated to continue its steady growth, reaching $2.28 billion in 2028, with a CAGR of 4.4%. Contributing factors in the forecast period include consumer demand for natural sweeteners, the expansion of personalized nutrition, ongoing research on health benefits, the incorporation of alternative sweeteners in foodservice, and the diversification of the rare sugar product portfolio. Major trends include innovations in rare sugar production, ongoing research and development in food technology, the emergence of natural and clean label products, collaborative partnerships, and the perpetuation of health and wellness trends.
Global Rare Sugar Market Key Driver
The anticipated rise in diabetes cases is poised to propel the growth of the rare sugars market in the coming years. Diabetes, a chronic condition stemming from inadequate insulin production or insulin sensitivity issues, can benefit from the use of rare sugars as substitutes for table sugar, given that they don't elevate blood glucose levels. Additionally, regular consumption of these rare sugars contributes to reducing the risk of obesity and type 2 diabetes. According to the International Diabetes Federation's 2021 report, there were 537 million individuals worldwide aged 20-79 with diabetes, a figure expected to reach 643 million by 2030 and 783 million by 2045. Thus, the increasing prevalence of diabetes remains a driving force for the rare sugars market, with market sizes of 2023, 2024, and 2028 integral to this growth narrative.
Get A Free Sample Of The Global Rare Sugar Market ReportGlobal Rare Sugar Market Segments
The rare sugar market covered in this report 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
By Geography:The regions covered in the rare sugar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the rare sugar market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global rare sugar market during the forecast period. The regions covered in the rare sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Rare Sugar Industry Players
ASTRAEA Allulose LLC, Douglas Laboratories Inc., DuPont de Nemours Inc., Hebei Huaxu Pharmace, 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 utical 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, Illovo Sugar Limited, Associated British Foods plc, Archer Daniels Midland Company, ASR Group,
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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.