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Global Market Supply

Production Capacity Distribution

The manufacturers with large production capacity worldwide are mainly South Korea Xijie, South Korea Sanyang, UK Tate & Lyle, Japan Matsutani, and Paragon Chuangyuan, and so on. Among them, most of the alloxan produced by overseas enterprises are in liquid state, which are mainly used in beverages. Bailongchuangyuan is the main domestic alloxan crystal exporter, the current production capacity of about 5,000 tons, it is expected that in the fourth quarter of 2023 there will be 15,000 tons of crystalline sugar production, when the company's alloxan production capacity will continue to increase, and it is expected to enter the global supply of alloxan crystals leader.

Market scale growth

The global market size of allulosed is rapidly increasing, according to FMI research data, the global market size rose from USD 152.72 million in 2017 to USD 236.90 million in 2023, with a CAGR of 7.7%. The growth rate is expected to rise with increasing demand and accelerated approval process in various countries, and is projected to reach USD 423.49 Million by 2030. GuanReports.com points out that the industry market size is expected to double in 2031, given the continuous expansion of enterprise production capacity, the licensing of applications in the food industry in many countries, and the characteristics of Alozone Sugar itself driving the growth of demand in the downstream market.

Supply situation in domestic market

Approval situation

China's Alozone Sugar industry started late, in August 2021 the National Health Commission has accepted the application of D - Alozone Sugar as a new food ingredient, Alozone Sugar food-grade applications are expected to be approved in the short and medium term.

Enterprise production capacity situation

Only BaoLinBao, BailongchuangYuan, JinHo Industry and FuYang Biological have realized the mass production of Alozone Sugar in China, and all of them have plans for their production capacity. For example, Bailongchuangyuan and BaoLingBao have both broken through the crystal capacity of Aloflavone Sugar, and the annual output is basically around 6,000 - 7,000 tons, and Bailongchuangyuan is planning 5,000 tons of Aloflavone Sugar in the under-construction 15,000 tons of crystalline sugar project; Fuyang Bio started to debug the production of Aloflavone Sugar in April 2021; and 1,000 tons of Aloflavone Sugar plant of Golden Harvest Industry was put into trial run in May 2022, with the total capacity of Aloflavone Sugar at around 15 - 20 thousand tons. Currently, the total production capacity is around 15,000 - 20,000 tons. The production line of Sanyuan Bio's Alozone Sugar is progressing steadily according to the plan, and the specific production capacity data will be disclosed through regular reports. The company has certain competitive advantages in the yield, production capacity, cost control and crystallization of large particles of Alozone Sugar through continuous optimization of the efficiency of enzyme conversion and crystallization and extraction technology.

Product Layout

Take Bailongchuangyuan as an example, its Aloxacor products have not been laid out in the C-end market for the time being.