Forecasting the Future Growth in 2023 and Erythritol Market Shares of Top Companies

Market Overview:
Erythritol is an organic compound, a sugar alcohol (or polyol), used as a food additive and sugar substitute. Erythritol is 60-70% as sweet as sucrose (table sugar), yet it is almost noncaloric and does not affect blood sugar or cause tooth decay.Demand for low-sugar products increasedSugar can bring people pleasure and is an important source of human energy. With the improvement of people's living standard, the added sugar directly and indirectly is increasing day by day. However, due to the change of life rhythm and working style, the relative decline of physical labor and exercise makes the human body unable to consume the ingested sugar in time. When sugar can't be consumed in time, the blood sugar of human body rises rapidly, which stimulates the body to release excessive insulin, opens the channel for sugar to enter cells, and the excess sugar is converted into fat and stored in the body. This will not only lead to obesity, but also increase the risk of type 2 diabetes and cardiovascular diseases. At the same time, sugar can also promote bacteria fermentation in the mouth, causing tooth decay. According to the statistics of the International Diabetes Federation (IDF), in 2019, the number of adult diabetics in the world has reached 463 million, and it is expected that there will be a substantial increase in the future. Obesity has become an important problem that affects the health of residents in various countries. With the improvement of residents' health awareness, erythritol with reduced sugar but not reduced sweetness is gradually applied to more and more fields.Price fluctuation of raw materialsThe raw material of glucose processing is mainly corn, so the fluctuation of corn price affects the price of glucose, and then affects the cost of erythritol. The price of corn is influenced by climate, planting area, national grain purchasing and storage policy, and other complicated factors such as corn market in international market and the performance index of corn itself. In recent days, the tension between Russia and Ukraine, the world's major food producers, has been escalating, which may force buyers of wheat and corn to seek alternative import sources, thus pushing global food prices, which are close to multi-year highs, to rise further. If the price of corn rises sharply in the future, which will lead to a sharp rise in the price of glucose, it will have an adverse impact on the profitability of erythritol manufacturers.

Erythritol market reached a value of USD 634.04 million in 2022. It's expected that the market will achieve USD 1747.63 million by 2028, exhibiting a CAGR of 18.41% during the forecast period.

A thorough understanding of the Advanced Material sector and its commercial potential is the aim of the market study. The Erythritol Market Report has 115 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

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Market Segmentation:
Leading Players in the Erythritol Industry:
Shandong Sanyuan Biotechnology
Mitsubishi-Chemical Foods
Shandong Fuyang Bio-Tech CO.LTD
Zhucheng Dongxiao Biotechnology
Jungbunzlauer
Baolingbao Biology
Cargill
Zibo ZhongShi GeRui Biotech

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

Based on Type:
Erythritol Powder
Erythritol Granular

Based on Application:
Beverage
Food
Pharmaceuticals and Health Products
Others

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Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the Erythritol market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Erythritol market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/22903588

Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

This release was published on openPR.