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Xylitol Market Trends, Top Companies, Share, Growth And Forecast 2033
Xylitol Market Trends
As per the report, the xylitol market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The xylitol market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Xylitol Market Thrives On Growing Demand For Sugar-Free Confectionery
The rising demand for sugar-free confectionery is expected to drive the growth of the xylitol market in the coming years. There is an increasing awareness and knowledge about the harmful effects of sugar consumption. As a result, people are seeking out sugar-free options as part of an effort to eat healthily. The increasing focus to avoid sugar in a regular diet and eat healthily has led to the adoption of natural alternative sweeteners such as xylitol and stevia. For instance, in 2021, according to Forbes, an American business journal, Lily's Sweets, a US-based sugar-free chocolate company has registered a 55% revenue rise year-over-year. Therefore, the rising demand for sugar-free confectionery propels the growth of the xylitol market.
Xylitol Market Witnesses A Surge In Strategic Investments
Increasing investment is an emerging trend in the xylitol market. Major companies operating in the xylitol sector are focused on investments to strengthen their position. For instance, in September 2022, Fazer Group, a Finland-based food company invested $ 315 million (€300 million) over the past 3 years for commercial production of xylitol by upcycling oat hulls, which contains a high amount of xylose and additionally, the company is looking towards marketing its xylose extraction method to businesses with sizable oat mills.
The xylitol market covered in this report is segmented -
1) By Type: Wood Fibrous Sweetener, Birch Xylitol, Corn Xylitol, Other Types
2) By Form: Solid, Liquid
3) By Application: Food And Beverages, Oral Hygiene Products, Cosmetics And Toiletries, Pharmaceuticals, Other Applications
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Major companies operating in the xylitol market report are Cargill Inc., Archer Daniels Midland Company, Merck KGaA, Dupont Nutrition & Health, Ingredion Incorporated, Shandong Longlive Bio-Technology Co Ltd., Roquette Freres SA, Thomson Biotech (Xiamen) Co Ltd., Futaste Pharmaceutical Co Ltd., AVANSCHEM, Jiangsu Linhai Biotechnology Co Ltd., DFI Corporation, Zhejiang Huakang Pharmaceutical Co Ltd., Fortress Global Enterprises Inc., Nova Green Inc., Shandong Futaste Co Ltd., Herboveda, Spectrum Chemical Mfg. Corp, Shandong Lujian Biological Technology Co Ltd., Zuchem Inc., Xlear Inc., Foodchem International Corporation, Dynamic Food Ingredients Corporation, O'laughlin Industries Co Ltd., Danisco Sweeteners Oy, CSPC Shengxue Glucose Co Ltd, Hangzhou Shouxing Bio-Technology Co Ltd., Yuxin Xylitol Technology Co Ltd., Mitsubishi Shoji Foodtech Co Ltd., Yusweet Xylitol Technology Co Ltd.
Contents of the report:
1. Executive Summary
2. Xylitol Market Report Structure
3. Xylitol Market Trends And Strategies
4. Xylitol Market - Macro Economic Scenario
5. Xylitol Market Size And Growth
…..
27. Xylitol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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