Sugar Alcohol Market is expected to hit US$ 8.5 Bn by 2030 end

According to a research survey conducted by ChemView Consulting, in 2022, the Global Sugar Alcohol Market was worth US$ 4.6 Bn and is expected to grow at a CAGR of 7.9% over the forecast period. The market is expected to hit US$ 8.5 Bn by 2030 end.

Sugar alcohols are a family of polyols that are chemical molecules generated from sugars. They are white, water-soluble solids that can exist naturally or be synthesized artificially from sugars.
Consumers are choosing healthier options, which has increased the demand for nutritive sweeteners such as sugar alcohols, which also have a lower blood glucose response.

Sugar Alcohol Market 2017-2030: Report Key Highlights:
• Detailed information on factors that will assist Global Sugar Alcohol growth during the next eight years
• Assessment of the historical and current Global Sugar Alcohol Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
• The growth of the Global Cosmetic Ingredients across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
• Segment-wise, country-wise, and region-wise market analysis
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies

For More Insights, Download a Free Sample Copy of Sugar Alcohol Market: https://chemviewconsulting.com/request-sample/sugar-alcohol-market/

Key Takeaways
By Product Type: The sorbitol segment had 50.5% of the global market in 2019. Sorbitol has texturing qualities as well as sweetening properties. It is a great humectant, softener, texturizing, and anti-crystallizing agent and so has several applications in the food and beverage, pharmaceutical, and cosmetic sectors.

Sorbitol is still one of the most popular items on the sugar alcohol market. It is often used in low-calorie foods and beverages such as dairy products, confectionery, etc.

Sorbitol's expanding use as a sugar derivative in beverage production has contributed to its rising sales in the worldwide sugar alcohol industry. According to the analysis, the global market for sugar alcohols would generate more than US$ 550.5 million from sorbitol sales by the end of 2030.

By End-User: The food and beverage industry dominated the sugar alcohol market, accounting for 40.5% of the total market value. Sugar alcohols are mostly used in manufacturing food and beverage goods due to their sweetness and texturing capabilities.

Recent technological advancements have broadened the range of sugar alcohols available for culinary use, resulting in increased applications of these sugar substitutes in diet and health-oriented meals. The increasing demand for sugar alcohols among food and beverage firms is expected to generate more than $1000 Million in global revenue. Sugar alcohols will be widely employed in the production of drinks, dairy products, and bread goods over the forecast period.

By Form: The powder & crystal segment dominated in 2019, accounting for 61.5% of the sugar alcohol market. Sugar alcohol in powder and crystal form has a longer shelf life and is easier to handle, transport, and store. As a result, it is commonly used to produce various food products, including sweets, chewing gum, and baked goods.

By Region: Europe is a major, fast-growing market for sugar alcohol. High sales for confectionery products, increased consumer awareness about sugar alternatives, and sugar-free formulations of processed foods and beverages in the region, especially among urban populations, will support long-term growth.

In 2019, Europe dominated the sugar alcohol market, accounting for 40.0% of the total market share. It is ascribed to the region's remarkable popularity and large consumption of low-calorie food and beverages.

Competition Summary
To compete in a fragmented, competitive environment, key players have largely invested in expanding production capacities and R&D to expand product portfolios with nutritious, low-calorie offerings in compliance with regulatory standards for various applications, including food and pharmaceuticals, for long-term growth.
Key companies covered in the market study are Tate & Lyle Plc., Archer Daniels Midland Company, DuPont, Cargill, Inc., BENEO GmbH, Roquette Freres, Ingredion Incorporated, Beckmann Kenko GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Fraken Biochem Co. Ltd., A&Z Food Additives Co. Ltd., SPI Pharma, Lonza Group and Atlantic Chemicals Trading GmbH

Segments Covered in Report
By Product Type:
• Sorbitol
• Xylitol
• Maltitol
• Lactitol
• Erythritol
• Isomalt
• Mannitol
• Others

By Form:
• Powder & Crystal
• Liquid & Syrup

By End-User:
• Food & Beverages
• Pharmaceuticals
• Others

By Application:
• Bakery Goods
• Sweet Spreads
• Confectionery & Chewing Gum
• Beverages
• Dairy Products
• Others

By Region and Country:
• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/sugar-alcohol-market/

About ChemView Consulting's Food & Beverage Domain
ChemView Consulting's Food & Beverage domain provides unique, reliable, and in-depth analysis while highlighting opportunities for growth for companies in the food and beverage industry with a focus on plant-based meat options, clean labels, and nutritionally dense and plant-based ingredients. Our research helps us better understand consumer demand and shifting preferences. In addition, we assist companies in developing strategies to attract new customers and retain existing strongholds. The comprehensive coverage includes Food Additives & Ingredients, Food Supplements, Food Processing & Processed Food, and Beverages. In addition, for developing - "The Future Growth Plan," our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.

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• Full-time research experts and subject matter experts
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About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

This release was published on openPR.