The Rare Sugar market is estimated to reach USD 1.25 Billion in 2019. The market is expected to grow at noteworthy CAGR around 4% throughout the forecast period and reach around USD 1.65 Million in 2026.
Shifting preferences towards high-quality and instant acting cosmetics
In terms of application, the cosmetics & personal care segment is expected to register a 4.5% CAGR through 2026, owing to the rising adoption of the ingredient in cosmetic products. Rare sugars have various benefits, including anti-aging and antioxidant properties, which help prevent skin aging and promote healthier skin.
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Intensifying focus on personal aesthetics, as well as an upsurge in the geriatric population, has contributed to a significant rise in demand for cosmetic products made from high-quality ingredients. This shift in consumer trends has in turn asserted a positive impact on rare sugar market trends from the cosmetics sectors.
With Gen Y and Baby Boomer generations alike seeking advanced solutions to curb the effects of aging, the use of rare sugars in the production of various moisture-retaining and anti-aging products may foster significant industry expansion over the years ahead.
Burgeoning weight management efforts by consumers in the Asia Pacific region
On the regional front, the APAC rare sugar industry size is anticipated to record growth at over 4.3% CAGR through 2026. This growth trajectory is credited to the proliferating demand for dietary supplements and functional products by millennials and other consumers focused on weight management. As consumers become more attuned to the potential side effects of conventional sugar, the demand for sophisticated low-calorie sweeteners like rare sugars has witnessed a tremendous surge, which could present lucrative growth opportunities to the global market in the upcoming years.
For instance, China recorded over 15 million metric tons of sugar consumption in 2019, which could accelerate rare sugar market penetration in the region, especially given the evolving living standards and rapid modernization. Rare sugars are being used extensively in the production of low-calorie sweeteners and sugar alternatives, as they possess a low glycemic index and calorie count, thereby improving the health value of the final product. Allulose, especially, is gaining widespread popularity in the manufacture of natural, low-calorie sweeteners, owing to its myriad benefits, including sweetness, clean nature, and easy digestibility.
List of Top Key players operating in the global market: zuChem, Douglas Laboratories, TATE & LYLE, Specom Biochemical, DuPont, Sanwa Starch, Matsutani Chemical Industry, Bonumose, Naturesupplies, Hebei Huaxu Pharmaceutical, CJ CheilJedang, Samyang Corporation, Ingredion.
The Rare Sugar market report provides the shares, size, revenue, and growth of each segment. The research report demonstrates the segment-wise study of the industry through market statistics and evolving dynamics.
Region covered for Rare Sugar market analysis:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Some of the Key Questions Answered in this Report:
- What are the businesses making strategies of key players?
- Which are the influencing factors that are thriving demand and latest trends running in the market.
- What trends, challenges and barriers will impact the development and sizing of the Rare Sugar market?
- What is the Rare Sugar market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or type may seek incremental growth prospects?
- What focused approach and constraints are holding the Rare Sugar market demand?
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Finally, the Rare Sugar market report offers an in-depth study of the Rare Sugar market by using numerous analytical tools and models such as investment return analysis, SWOT analysis, PESTEL Analysis and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except this, our expert analyst will provide customization as per specific demands. Our reports have been tracking the impact of COVID-19 on the market.
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