Latin America Sugar Alcohols Market

Latin America Sugar Alcohols Market Growth and Forecast (2023 - 2028):

Latin America Sugar Alcohols Market was worth USD 1.51 billion in 2022 and estimated to be growing at a CAGR of 6.66%, to reach USD 2.08 billion by 2028.

Market Overview:

Sugar alcohols, which is a class of polyols, are commonly added to food products because of their lower caloric content than sugars. They are also, in general, less sweet, and are often combined with high-intensity sweeteners. They are also an active ingredient in chewing gum because they are not broken down by bacteria in the mouth or metabolized to acids, and thus do not contribute to tooth decay. Maltitol, sorbitol, xylitol, erythritol, and isomalt are some of the more common types of sugar alcohols or polyols. Sugar alcohols may be formed under mild reducing conditions from their analogue sugars.

The most common sources of sugar alcohol are fruits and berries. The carbohydrate in these plant products is altered through a chemical process. These sugar substitutes provide somewhat fewer calories than table sugar (sucrose), mainly because they are not well absorbed and may even have a small laxative effect. In several commercial foodstuffs, sugar alcohols are commonly used in place of table sugar (sucrose), often in combination with high-intensity artificial sweeteners to counter the low sweetness. Xylitol is perhaps the most popular sugar alcohol due to its similarity to sucrose in visual appearance and sweetness.

Drivers and Restraints:

The major factors affecting the Latin America Sugar Alcohols market include the changing consumer lifestyles and growing health concerns which drive people away from consuming high-calorie food. Other factors include increasing diabetes concerns, rising obesity levels and the threat of cardiovascular diseases. As for the restraints of the market, the stringent government regulations and relative lack of awareness among consumers regarding the product are the major concerns.

Latin America Sugar Alcohols Market Segmentation Analysis:

The Latin America Sugar Alcohols market is broadly classified by Product into Sorbitol, Mannitol, Xylitol, Glycerol and Others and by End User into Food, Healthcare, and Others.

Region Analysis:

Geographically the Latin America Sugar Alcohols Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. In spite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.

Key Players in the Market:

Major Key Players in the Latin America Sugar Alcohols Market are

• Roquette
• Nestle
• Wholesome Sweeteners
• Ingredion
• Sanxinyuan
• Fraken Biochem
• Cargill
• Atlantic Chemicals
• A&Z Food Additives
• Bernard Food Industries