Asia-Pacific Maltitol in Chocolate Market, By Form (Crystal Powder, and Syrups), Chocolate Category (White Chocolate, Milk Chocolate, And Dark Chocolate), Application (Bakery, Retail Chocolates, Chocolate Inclusions), Country (Japan, China, South Korea, India, Australia, Singapore, New Zealand, Malaysia, Indonesia, Philippines, Thailand and Rest Of Asia-Pacific) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Asia-Pacific Maltitol in Chocolate Market
The maltitol in chocolate market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2022 to 2029 and is expected to reach USD 53,016.68 thousand by 2029 from USD 31,088.61 thousand in 2021.
Maltitol is a carbohydrate that is called sugar alcohols or polyols. Maltitol is a water-soluble compound that is naturally found in many fruits & vegetables. On a large scale, maltitol is produced from starches that are rich in maltose sugar. The major applications of maltitol in the food industry are baked goods, sugar-free chocolates, chewing gum, hard candies, and chocolate coatings. Maltitol is safe for human consumption as its safety has been reviewed and confirmed by health authorities around the world, such as the?European Union, World Health Organization, and countries such as?Australia and?Canada. Maltitol tastes the same as normal sugar. It has about 90% similar sweetness as sugar and has almost half of the calories per gram than sugar 2.1 calories for maltitol compared with four calories for sugar.
Maltitol is the sugar alcohol obtained from various raw materials such as fruits, vegetables, and starches. Maltose sugar from the starches is the source of maltitol, and it is used as a low-calorie sweetener in various food & beverage products such as sugar-free chocolates, hard candies, baked goods, chocolate coatings, and chewing gum. The demand for low-calorie sweeteners is increasing as people are becoming more health-conscious, and the diabetic population of the world is also increasing. Thus, the demand for maltitol in low-calorie chocolates and sugar-free chocolates also increases worldwide. The factors driving the market growth are Increasing demand for low-calorie and sugar-free chocolate products, a growing number of health issues caused by regular sugar ingredients, Growing adoption of maltitol as a sucrose alternative, abundant sources of raw material. The factors restraining the market growth are the side effects of maltitol, the high cost of maltitol compared to other sweeteners, and the number of substitutes available in the market. Many companies are expanding their manufacturing facilities to meet the higher demand for chocolates containing maltitol.
The maltitol in chocolate market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the global Maltitol in chocolate market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Maltitol in Chocolate Market Scope and Market Size
The maltitol in chocolate market is segmented into three notable segments which are based on form, chocolate category and application. The growth among segments helps you analyze 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 form, the maltitol in chocolate market is segmented into crystal, powder, and syrup. In 2022, the syrup segment is expected to dominate the market share due to factors such as the low cost of syrup compared to other forms.
- On the basis of chocolate category, the maltitol in chocolate market is segmented into white chocolate, milk chocolate, and dark chocolate. In 2022, the white chocolate segment is expected to dominate the market share owing to the factors such as the high demand for white chocolate among parents of young children.
- On the basis of application, the maltitol in chocolate market is segmented into bakery, retail chocolates, and chocolate inclusions. In 2022, the retail chocolates segment is expected to dominate the market due to the high demand for low-calorie chocolate products.
Maltitol in Chocolate Market Country Level Analysis
The maltitol in chocolate market is segmented into three notable segments which are based on form, chocolate category and application.
The countries covered in the maltitol in chocolate market report are the Japan, China, South Korea, India, Australia, Singapore, New Zealand, Malaysia, Indonesia, Philippines, Thailand and Rest of Asia-Pacific.
China is leading the growth of the Asia-Pacific market and the application segment is dominating in this country due to the health benefits associated with the consumption of maltitol.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Maltitol in Chocolate is Boosting the Market Growth of the Maltitol in Chocolate Market
The maltitol in chocolate market also provides you with a detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2012 to 2020.
Competitive Landscape and Maltitol in Chocolate Market Share Analysis
The maltitol in chocolate market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points are only related to the company’s focus on the maltitol in chocolate market.
Some of the major players operating in the maltitol in chocolate market are Zhejiang Huakang Pharmaceutical Co. Ltd., Roquette Frères, Ingredion, Mitsubishi Corporation Life Sciences Limited, ADM, Brenntag, Merck KGaA, Shandong Futaste Co., Cargill, Incorporated, B Food Science Co., Ltd., Hangzhou Verychem Science And Technology Co.Ltd, Haihang Industry, Sosa, Foodchem International Corporation, PT. Ecogreen Oleochemicals, Mitushi Biopharma, MUBY CHEMICALS, Hylen Co., Ltd, Nutra Food Ingredients, among others.
For instance,
- In December 2020, Merck KGaA has expanded its production facilities in USA for the life sciences businesses which include maltitol production. These expansions will significantly increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create nearly 700 new manufacturing positions. This expansion helped company to broaden its geographical presence.
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