Sugar Alcohol Market Projected to Reach $4.8 Billion by 2027, Finds Allied Market Research

According to a new report published by Allied Market Research, titled, "sugar alcohol market by type, form, and application: opportunity analysis and industry forecast, 2021-2027," the global sugar alcohol market was valued at $3.3 billion in 2019, and is projected to reach $4.8 billion by 2027, registering a CAGR of 5.9% from 2021 to 2027. The market is expected to exhibit an incremental revenue opportunity of $1.3 billion from 2021 to 2027.

𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.alliedmarketresearch.com/request-sample/9387

Rise in consumption of nutraceuticals among consumers in the form of functional foods, dietary supplements, and functional beverages fuel the sugar alcohol market growth. This is attributed to the fact that polyols are used in numerous pharmaceutical and nutraceutical products, owing to their coating, sweetening, emollient, bulking, anti-crystallizing, and stabilizing properties. Furthermore, sugar alcohols combine synergistically with other low-calorie sweeteners to provide a more balanced sweetness, which is comparable to sugars. Hence, owing to these unique properties, polyols are used in a number of food applications. However, high cost of production as compared to sugar is anticipated to hinder the growth of sugar alcohol market.

The rise in demand for health-conscious and low-calorie food and beverage products is a key driver propelling the global sugar alcohol market. Additionally, the shift in consumer preferences toward a healthier lifestyle and the demand for sugar substitutes contribute to market growth.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧
The consumption of nutraceuticals in the form of functional foods, dietary supplements, and functional beverages fuels the growth of the sugar alcohol market. Polyols, found in sugar alcohols, are utilized in pharmaceutical and nutraceutical products due to their various properties, including coating, sweetening, and bulking. The synergistic combination of sugar alcohols with other low-calorie sweeteners enhances sweetness in a balanced manner.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐇𝐢𝐧𝐝𝐫𝐚𝐧𝐜𝐞𝐬
The high cost of production compared to sugar is identified as a challenge hindering the growth of the sugar alcohol market.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 https://www.alliedmarketresearch.com/purchase-enquiry/A09022

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

- ominent players in the sugar alcohol market include :
- Cargill Incorporated
- Spectrum Chemical Manufacturing Corp.
- Ingredion Incorporated
- Archer Daniels Midland Company
- Roquette Freres SA
- Mitsubishi Shoji Foodtech Co. Ltd
- Tate & Lyle PLC
- Atlantic Chemicals Trading GmbH
- Associated British Foods plc (SPI Pharma)
- DuPont

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗

The COVID-19 pandemic has negatively affected the sugar alcohol industry by disrupting the supply chain, affecting raw material suppliers, logistics partners, and various stages of the supply and value chain. However, the gradual relaxation of restrictions is expected to generate positive avenues for market recovery.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Type: Sorbitol accounted for a 50.3% share in 2019, with Mannitol anticipated to grow at the highest CAGR.

Form: Powder & crystal dominated in 2019 (61.4% share), while the liquid & syrup segment is expected to grow faster.

Application: Food & beverages was the dominant segment in 2019 (40.2% share), but pharmaceuticals are anticipated to grow faster.

Region: Europe held the largest market share in 2019 (38.9%), with Asia-Pacific expected to witness significant growth.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬

By type, the sorbitol segment is estimated to reach $2,350.4 million by 2027, at a CAGR of 5.50%.

By form, the powder & crystal segment is estimated to reach $2,870.8 million by 2027, at a CAGR of 5.50%.

By application, the food & beverages segment is estimated to reach $1,855.2 million by 2027, at a CAGR of 5.40%.

In 2019, Europe was the most prominent market, but the Asia-Pacific region is expected to grow significantly.

𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/A09022

On the basis of region, Europe was the prominent sugar alcohol market in 2019, with 38.9% of the market share. This was attributed to tremendous popularity and substantial consumption of low-calorie food & beverages in the region. However, Asia-Pacific is expected to witness a significant CAGR during the forecast period and contribute to the growth of sugar alcohol market size.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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