Global Sugar Alcohols Market, By Source (Corn, Wheat, Rice, Potato, Others), Product Type (Sorbitol, Mannitol, Xylitol, Maltitol, Lactitol, Erythritol, Isomalt, Other Product Types), Form (Powder and Crystal, Liquid and Syrup), Application (Bakery Goods, Sweet Spreads, Confectionery and Chewing Gum, Beverages, Dairy Products, Others), End User (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sugar Alcohols Market
Sugar alcohols market is expected to reach USD 22.10 billion by 2028 growing at a growth rate of 6.60% in the forecast period 2021 to 2028. Increasing trends in the consumption of sugar free food products in various developed economies which will likely to act as a factor for the sugar alcohols market in the forecast period of 2021- 2028.
Sugar alcohols, typically derived from sugars, are organic compounds. Sugar alcohol is soluble and is found naturally in fruits and vegetables in limited quantities. Sugar alcohol is commercially extracted from sugars and from starch. They are added as a low calorie sweetener to food and beverages.
Surging volume of patients suffering from diabetes, increasing prevalence of obese population across the globe, rising preferences of the consumer towards the consumption of processed food and beverages, hectic lifestyle of the people, increase in demand for polyols in pharmaceutical applications, rising usages of sugar alcohol in ready-to-eat and ready-to-drink food and beverages production are some of the major as well a vital factors which will likely to augment the growth of the sugar alcohols market in the projected timeframe of 2021-2028. On the other hand, growing number of product development and innovation along with rising number of applications from developing economies which will further contribute by generating massive opportunities that will lead to the growth of the sugar alcohols market in the above mentioned projected timeframe.
Increasing cost of production along with production of sugar alcohols is complicated than artificial sweeteners which will likely to act as market restraints factor for the growth of the sugar alcohols in the above mentioned projected timeframe. Low manpower in the production base which will become the biggest and foremost challenge for the growth of the market.
This sugar alcohols market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sugar alcohols market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sugar Alcohols Market Scope and Market Size
Sugar alcohols market is segmented on the basis of source, product type, form, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the sugar alcohols market is segmented into corn, wheat, rice, potato, and others.
- Based on product type, the sugar alcohols market is segmented into sorbitol, mannitol, xylitol, maltitol, lactitol, erythritol, isomalt, and other product types.
- Based on the form, the sugar alcohols market is segmented into powder and crystal, liquid and syrup.
- On the basis of application, the sugar alcohols market is segmented into bakery goods, sweet spreads, confectionery and chewing gum, beverages, dairy products, and others.
- The sugar alcohols market is also segmented on the basis of end user. The end user is segmented into food and beverages, pharmaceuticals, cosmetics and personal care, and others.
Sugar Alcohols Market Country Level Analysis
Sugar alcohols market is analyses and market size, volume information is provided by country by source, product type, form, application and end user as referenced above.
The countries covered in the sugar alcohols market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
The U.S. dominates the North America sugar alcohols market due to the rising consumer awareness towards the healthy diet along with increasing prevalence of various market players in the region while Asia-Pacific region will expect to grow in the forecast period 2021 to 2028 due to the increasing number of population, increasing chronic diseases among the consumers along with rising concern regarding health among the people in the region.
The country section of the sugar alcohols market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sugar Alcohols Market Share Analysis
Sugar alcohols market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sugar alcohols market.
The major players covered in the sugar alcohols report are Cargill, Incorporated.; A & Z Food Additives Co., Ltd.; ACT; Beckmann-Kenko GmbH; Roquette Frères.; SANXINYUAN FOOD INDUSTRY; ADM; Ingredion Incorporated; Mitsubishi Corporation Life Sciences Limited.; Associated British Foods plc; Dow; Tate & Lyle; BENEO; SPI Pharma; Lonza.; Ajinomoto Co., Inc.; Symrise; MacAndrews & Forbes Incorporated; Merck KGaA; Pfizer Inc; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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