Press release
Sugar Alcohol Market Projected to Reach $4.8 Billion by 2027
Sugar Alcohol Market
๐ ๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ 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.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐ฎ๐ญ๐ซ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง
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.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ง๐ ๐๐ข๐ง๐๐ซ๐๐ง๐๐๐ฌ
The high cost of production compared to sugar is identified as a challenge hindering the growth of the sugar alcohol market.
๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ https://www.alliedmarketresearch.com/purchase-enquiry/A09022
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-๐๐
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.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
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.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ
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.
๐ ๐๐๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ https://www.alliedmarketresearch.com/connect-to-analyst/A09022
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
- 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
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.
๐ ๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ https://www.alliedmarketresearch.com/checkout-final/41035adbee29f1366d452f36c64fc85a
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