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Global Sugar Alcohols Market By Product (Sorbitol, Mannitol, Xylitol, Glycerol and Others), By End-User (Food, Healthcare And Others) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 3615
Pages: 185
Formats: report pdf report excel report power bi report ppt

Sugar Alcohols Market Size, Growth, Forecast (2022-2027)

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.

Market Overview:

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.

Sugar Alcohols Market Growth:

The sugar alcohol business around the world is seeing more complexity in the supply chain, especially with regard to the storage of sugar alcohol.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

2.1%

Segments Covered

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

Regions Covered

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.

Drivers:

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.

Restraints:

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.

Sugar Alcohols Market Segmentation Analysis:

By Product:

  • Sorbitol    
  • Mannitol 
  • Xylitol       
  • Glycerol   
  • Others     

By End-User:

  • Food         
  • Healthcare             
  • Others     

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

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.

Impact of Covid-19 on the Global Sugar Alcohols Market:

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

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

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FAQ's

What is the Sugar Alcohols Market estimated size?

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.

What is the segmentation in the Sugar Alcohols Market?

By Product, By End-User, By Region

What are the three major participants in the Sugar Alcohols Market?

Atlantic Chemicals, Cargill Incorporated, Nestle

What is the growth rate of the Sugar Alcohols Market?

The Sugar Alcohols Market is growing at a CAGR of 2.1%.

What are the restraints in the Sugar Alcohols Market?

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.

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