South America Allulose Market is expected to reach US$ 18.44 million by 2028

Food & Beverages Segment to Dominate SAM Allulose Market during 2020–2028      

According to a new market research study on “SAM Allulose Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 37.38 million by 2028 from 23.01 US$ million in 2021. The market is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The report provides trends prevailing in the SAM allulose market along with the drivers and restraints pertaining to the market growth. Rising adoption of low calorie sugar alternatives is the major factor driving the growth of the SAM allulose market. However, issues associated with presence of large number of substitute sweeteners and high cost of allulose hinders the growth of SAM allulose market.

The South America allulose market is segmented into type, application, and country. Based on type, the market is segmented into liquid and powder & crystals. The powder & crystals segment accounted for a larger market share in 2020. Based on application, the market is segmented into food & beverages and others. The food & beverages segment is further segregated into bakery & confectionery, dairy & frozen desserts, beverages, and others. In 2020, the food & beverages segment accounted for a larger market share. Based on country, the South America allulose market is segmented into Brazil, Argentina, and the Rest of South America.

Apura Ingredients, Inc; CJ CheilJedang; Ingredion Incorporated; and Tate & Lyle PLC are among the leading companies in the SAM allulose market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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