Meticulous Research®, a premier global market research firm, has released a report titled “D-psicose Market by Type/Form (Powder, Syrup, Crystal), Application (Food [Bakery Products, Dairy Products, Other Food Products], Beverages, Other Applications) – Global Forecast to 2029”. This report forecasts a CAGR of 28.6% for the D-psicose market from 2022 to 2029, with an anticipated market value of $438.1 million by 2029.
Key drivers include rising demand for sugar alternatives, functional food products, and the increasing incidence of diabetes and obesity.
Additionally, the growing demand for low-calorie sweeteners, increased regulatory approvals in emerging markets, and enhanced R&D efforts for sugar-free products are expected to offer significant growth opportunities for market participants. Trends such as the demand for clean label products and a shift towards healthier lifestyles are also influencing market growth. Conversely, stringent regulations and potential adverse health effects of D-psicose may hinder market expansion.
The market is categorized by type/form (powder, syrup, crystal) and application (food, beverages, other applications). In 2022, the powder segment is projected to hold the largest market share, due to its benefits like ease of handling and storage. Similarly, the food segment is anticipated to dominate the market due to consumers' growing preference for healthier foods and the widespread use of sugar substitutes in various food products.
The report also covers major regions, including North America, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to lead the global market in 2022, driven by a high prevalence of obesity and diabetes, health and wellness concerns, a robust food and beverage industry, and strong demand for sugar-free products.
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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).
Key Questions Answered in the Report-
- Which are the high-growth market segments in terms of type/form, application, and region/country?
- What was the historical market size for D-psicose across the globe?
- What are the market forecasts and estimates for 2022–2029?
- What are the major drivers, restraints, opportunities, and trends for the global D-psicose market?
- Who are the major players in the global D-psicose market?
- How is the competitive landscape, and who are the market leaders in the global D-psicose market?
- What are the recent developments in the global D-psicose market?
- What are the geographical trends and high-growth regions/countries?
- Who are the local emerging players in the global D-psicose market, and how do they compete with the global players?
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