The D-psicose Market is expected to reach $438.1 million by 2029, at a CAGR of 28.6% during the forecast period 2022–2029.
Growing Obesity and Diabetes Drive the North American D-psicose Market
The North American D-psicose market is experiencing significant growth, driven primarily by an increasing number of obese and diabetic individuals. Rising health and wellness concerns across the region are pushing consumers toward healthier food options, including sugar-free products. The well-established food and beverage industry in North America is also a significant contributor to market growth. Furthermore, the approval of D-psicose by the U.S. Food and Drug Administration (FDA) for use as a food additive in various products has further supported the market’s expansion.
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U.S. Dominates the North American D-psicose Market
North America stands as one of the largest markets for D-psicose globally, with the U.S. playing a dominant role. Several factors, such as the growing awareness of value-added food products, a robust food industry, and increasing investments in research and development, contribute to the U.S. leading the market. The demand for healthier alternatives in processed foods is propelling the adoption of D-psicose across the country.
Food Processors Embrace D-psicose Amid Changing Preferences
Food processors across North America are increasingly exploring sugar substitutes like D-psicose due to the rising demand for processed food products, shifting consumer preferences, and stricter food quality standards. In a competitive global market, manufacturers are keen on improving product yield and reducing costs. D-psicose, which can replace sugar and lower calorie content, is gaining popularity in food and beverage applications, making it an attractive option for processors.
Rising Health Concerns and Organic Food Demand Fuel Market Growth
Health issues related to excessive sugar consumption, such as diabetes and obesity, are key factors fueling the demand for sugar-free products. According to the CDC’s 2020 National Diabetes Statistics Report, approximately 26.8 million people in the U.S. were diagnosed with diabetes in 2020, with overall cases rising to an estimated 34.2 million. The prevalence of obesity, which affects around 42% of the U.S. population, has also led to a growing preference for sugar alternatives like D-psicose.
The demand for organic food has further boosted the D-psicose market. In 2020, U.S. organic food sales rose by 12.8% to $56.5 billion, reflecting consumers’ increasing interest in healthier, natural ingredients. D-psicose, which is derived from natural sources like figs, raisins, and kiwi fruit, aligns well with this trend.
New Product Launches and FDA Approval Enhance Market Potential
Several companies are capitalizing on the demand for allulose products in the market, which is significantly boosting the regional demand for D-psicose. For example, NadaMoo! (Texas) launched four new no-sugar-added products in February 2021, further expanding its line of products sweetened with organic allulose. The FDA’s classification of D-psicose as generally recognized as safe (GRAS) has also encouraged its use as a food additive across various applications. However, it is important to note that allulose has not yet received approval in Canada, where it is still considered a novel food ingredient.
Key Players in the North American D-psicose Market
Several prominent companies are driving the growth of the North American D-psicose market. Key players include Anderson Global Group, LLC (U.S.), Apura Ingredient Inc. (U.S.), Baolingbao Biology Co., Ltd. (China), Samyang Corporation (South Korea), Archer-Daniels-Midland Company (U.S.), Shandong Saigao Group Corporation (China), CJ CheilJedang Corporation (South Korea), Dezhou Huiyang Biotechnology Co., Ltd. (China), and Bonumose, Inc. (U.S.).
Conclusion
The North American D-psicose market is set to witness robust growth over the coming years, driven by factors such as rising health concerns, a growing diabetic and obese population, and increasing demand for sugar-free and organic products. The U.S. remains a key player in this market, with significant contributions from food processors and new product launches. According to Meticulous Research®, the North American D-psicose market is expected to reach $438.1 million by 2029, growing at a compound annual growth rate (CAGR) of 28.6% from 2022 to 2029. As more consumers opt for healthier alternatives, D-psicose is poised to become a staple in various food and beverage products across the region.
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).
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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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