The global Sugar Alcohols Market size was assessed to be USD 955 million in 2021, and it is predicted that to reach a value of USD 1.4 billion by 2027 at a CAGR of 2.1% during the conjecture period. The demand for sugar alcohol is expected to grow steadily in the near future.
Sugar alcohols are generally organic compounds derived from sugars. Sugar alcohol is soluble and occurs naturally in small amounts in fruits and vegetables. Commercially, the sugar alcohol is derived from sugar and starch. It is a low-calorie sweetener and is added to food and drinks. Diabetes and epidemic obesity are witnessing a change in the quality of food by affecting the way consumers live around the world. The presence of foreign substances, especially artificial sweeteners, is justified by companies, but consumers choose healthier options. This trend has improved the overall call for nutritive sweeteners like sugar alcohols. Furthermore, the role of sugar alcohols in stimulating the metabolism of diabetics without using insulin has complemented their popularity in the food and beverage industry. It has less digestible carbohydrates and is recognized as a natural compound and a safe food additive.
The sugar alcohol business around the world is seeing more complexity in the supply chain, especially with regard to the storage of sugar alcohol.
Market Size Available
2021 – 2027
2022 - 2027
By Product, End-User and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Roquette, Nestle, Wholesome Sweeteners, Ingredion, Sanxinyuan, Fraken Biochem,Cargill, Atlantic Chemicals, A&Z Food Additives, Bernard Food Industries and Others.
The growth of the global sugar alcohol market is expected to be driven by a variety of factors. The increase in the population with diabetes and obesity is expected to have a direct impact on sales of sugar alcohol worldwide. Due to the increasingly busy lifestyle, consumers are choosing processed foods and beverages, expanding the growth of the sugar alcohol market. The main goal of using sugar alcohol in food and drink is to maintain normal blood sugar levels. As diabetes and obesity epidemic increases, consumers awareness of sweet foods and beverages rises, and the demand for products containing artificial sweeteners is rapidly declining. Several companies turning towards natural compounds like sugar alcohol to improve sugar content of foods. Of the various sugar alcohols, sorbitol is set to make the largest sales on the world market by 2026. The governing agencies have approved the usage of sorbitol in the food and pharmaceutical sectors. Also, as the use of sorbitol as a derivative of sugar in beverage production increases, sales on the world market for sugar alcohol increase. Food regulatory agencies in other countries are acting as supporters of the increased use of sugar alcohol. In addition, scientific research suggests that sugar alcohol is a nutritional sweetener, which can not only control the metabolism of diabetics, but also decrease the blood sugar response. To add sweetness to foods, companies are increasing the use of natural compounds like sugar alcohol. Food regulatory agencies in other countries are acting as supporters of the increased use of sugar alcohol.
Sugar alcohol production is more complex than artificial sweeteners, which can create major difficulties in the global sugar alcohol market during the outlook period. Difficulties in the supply chain and the acquisition of raw materials, global production of sugar alcohol will face obstacles in the near future. Regulatory obstacles and raw material procurement problems will significantly limit the production of sugar alcohol worldwide. Companies participating in the global sugar alcohol market face many challenges, especially those related to the production of sugar alcohol. Acquiring raw materials and edible alcohol at a reasonable cost has become a major concern for companies that produce sugar alcohols. Furthermore, the global sugar alcohol environment is experiencing more complexities in the supply chain, especially with the increasing storage related concerns of sugar alcohol.
The global market for sugar alcohol is divided into North America, Europe, Asia Pacific, and other countries. Of all regions, North America occupied a significant share in 2018, and the trend is expected to continue throughout the forecast period. The growth of the North American sugar alcohol market is due to a variety of factors. One of the key factors in the growth of sugar alcohol is increased consumer awareness of a healthy diet in North America. Additionally, the presence of major alcoholic players in North America is one of the notable factors in the growth of the sugar alcohol market during the outlook period. In North America, the United States is estimated to occupy a significant market share during the calculated period.
Europe is also determined to have a significant market share during the conjecture period. However, Asia Pacific is likely to expand rapidly compared to other areas. With increasing health problems, population growth in developing countries is expected to lead the sugar alcohol market in the Asia Pacific locale. The increase in chronic diseases among consumers in the Asia Pacific region is expected to accelerate the sale of sugar alcohol in the near future. China and India are the main contributors to the Asia Pacific sugar alcohol market. Acquiring raw materials in countries like China and India is relatively easy, and manufacturers need to expand their production bases in the APEJ region. The region will continue to be favorable in the production and sale of sugar alcohols, mainly due to the prosperous food and beverage sector, the presence of diabetics and the large general consumer base. Europe and North America will become one of the main markets for sugar alcohol consumption.
The Covid-19 pandemic has resulted in a negative impact on the global food and beverage industry, which affected the sales of sugar alcohols in the first half of 2020. However, with the increasing consumer concerns to improve healthy to combat the situation, the demand for products like sugar alcohols is touted to accelerate in the future. The rise in diabetic patients around the world is also estimated to fuel this business in the coming days.
Key Players in the Market:
Major key Players in the Global Sugar Alcohols Market are
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.7 Y-o-Y Growth Analysis, By Product
5.1.8 Market Attractiveness Analysis, By Product
5.1.9 Market Share Analysis, By Product
5.2 End User
5.2.5 Y-o-Y Growth Analysis, By End User
5.2.6 Market Attractiveness Analysis, By End User
5.2.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By End User
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By End User
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By End User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Wholesome Sweeteners
8.6 Fraken Biochem
8.8 Atlantic Chemicals
8.9 A&Z Food Additives
8.10 Bernard Food Industries
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
The global market for Sugar alcohol is anticipated to be worth US$955 million in 2021 and is expected to expand to US$1.4 billion by 2027.
By Product, By End-User, By Region
Atlantic Chemicals, Cargill Incorporated, Nestle
The Sugar Alcohols Market is growing at a CAGR of 2.1%.
Sugar alcohol manufacturing is more complicated than artificial sweetener production, which might provide significant challenges in the global sugar alcohol market throughout the forecast period. Due to supply chain and raw material acquisition challenges, worldwide sugar alcohol manufacturing will confront roadblocks in the near future.
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.