The D-psicose market is projected to reach $438.1 million by 2029, growing at a compound annual growth rate (CAGR) of 28.6% over the forecast period from 2022 to 2029.
The North American D-psicose market is experiencing significant growth, primarily due to the rising number of obese and diabetic individuals. As health and wellness concerns grow, there is a heightened demand for sugar-free alternatives. The region’s well-established food and beverage industry also plays a key role in supporting this growth. Moreover, the FDA’s approval of D-psicose as a food additive in various products further enhances its market expansion.
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The U.S. Leads the North American D-Psicose Market
North America stands as one of the largest D-psicose markets globally, with the U.S. dominating the region. Key factors, such as increased awareness of value-added food products and a robust food industry, contribute to this dominance. In addition, the increasing investments in research and development further strengthen the market’s growth potential.
Food Processors Seek Sugar Substitutes
As consumer preferences evolve and the demand for processed food products rises, food processors are exploring new sugar substitutes. D-psicose is gaining traction due to its ability to replace sugar and reduce calorie content, making it highly popular in food and beverage applications. With the North American food industry facing global competition, manufacturers are keen to enhance product yield, driving demand for D-psicose.
Diabetes and Obesity Statistics Highlight the Need for Sugar-Free Solutions
According to the CDC’s National Diabetes Statistics Report (2020), about 26.8 million Americans were diagnosed with diabetes, accounting for 10.2% of the population. The overall cases of diabetes in the U.S. have increased to an estimated 34.2 million, while obesity rates have surged to 42%. These alarming statistics are driving the demand for sugar-free products, as consumers become more conscious of their health and sugar consumption.
Organic Food Market Boom Fuels Demand for D-Psicose
The U.S. organic food market saw a 12.8% sales increase, reaching $56.5 billion in 2020. This growth was double the rate of 2019, reflecting a growing consumer preference for organic and health-conscious choices. D-psicose, derived from sources like raisins, figs, and kiwi, aligns with these trends, making it a sought-after ingredient in organic food products.
Allulose Product Launches Propel Market Growth
The introduction of new allulose products has further driven the demand for D-psicose in North America. In February 2021, NadaMoo! launched four new no-sugar-added products featuring organic allulose, erythritol, and stevia extract. Such innovations showcase the expanding use of D-psicose in the market. While the FDA has recognized D-psicose as safe and approved its use in the U.S., it is yet to receive approval in Canada, where it remains classified as a novel food ingredient.
Key Players
The key players operating in the global D-psicose market are Tate & Lyle PLC (U.K.) Matsutani Chemical Industry Co., Ltd. (Japan), Samyang Corporation (South Korea), Baolingbao Biology Co., Ltd. (China), CJ CheilJedang Corp. (South Korea), Shandong Saigao Group Corporation (China), Anderson Global Group, LLC (U.S.), Shandong Bailong Chuangyuan Bio-tech Co., Ltd. (China), Archer-Daniels-Midland Company (U.S.), Zhucheng Haotian Pharm Co., Ltd (China), Merck KGaA (Germany), Dezhou Huiyang Biotechnology Co., Ltd. (China), and SAVANNA Ingredients GmbH (Germany).
Conclusion
The North American D-psicose market is flourishing due to a combination of factors, including rising health concerns, a strong demand for sugar-free alternatives, and an innovative food processing industry. The U.S. remains the leading market due to its advanced food industry and increasing awareness of healthy eating habits. As diabetes and obesity rates climb, the push for sugar substitutes like D-psicose will only grow stronger.
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Scope of the Report:
D-psicose Market, by Type/Form
- Powder
- Syrup
- Crystal
D-psicose Market, by Application
- Food
- Bakery Products
- Dairy Products
- Other Food Products
- Beverages
- Other Applications
D-psicose Market, by Geography
- North America
- Asia-Pacific (APAC)
- Japan
- South Korea
- Singapore
- India
- China
- Australia
- Rest of APAC (RoAPAC)
- Latin America
- Europe
- Middle East & Africa
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