Meticulous Research®, a prominent global market research firm, has issued 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”. The report predicts that the D-psicose market will grow at a CAGR of 28.6% from 2022 to 2029, reaching a value of $438.1 million by 2029.
Growth drivers include increasing demand for sugar substitutes, functional food products, and the rising incidence of diabetes and obesity.
The report identifies the growing demand for low-calorie sweeteners in various industries, increasing approvals in emerging markets, and enhanced R&D efforts for sugar-free products as significant growth opportunities. Trends such as the demand for clean label products and the shift towards healthier lifestyles are also influencing market growth. However, stringent regulations and potential health risks associated with D-psicose may restrain market expansion.
The market is categorized by type/form (powder, syrup, crystal) and application (food, beverages, other applications). The powder segment is expected to dominate the market in 2022, due to its benefits like ease of handling and better shelf life. The food segment is also projected to lead the market due to rising consumer preferences for healthier food options and the extensive use of sugar substitutes in various food products.
The report provides a comprehensive analysis of 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 the high prevalence of obesity and diabetes, increased health consciousness, a well-established 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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