Sugar Alcohol Market Size, Share 2024, Impressive Industry Growth Report 2031

The global sugar alcohol market is expected to grow at a CAGR of 5.6% during the forecast period (2024-2031). The increasing use of sugar alcohols in the production of beverages, dairy products, and confectionery is the major factor driving the growth of the market. Sugar alcohols are suitable for a wide range of uses in the food and beverage industry owing to which it contributes to the ever-increasing demand to reduce the sugar content in products such as soft drinks, dairy products, and baked goods without losing the desired sugary taste. The food and beverages market is rapidly expanding as the interest of consumers in beverages brings more product variation to the market. Increasing demand from the food and beverage industry is expected to promote sugar alcohol and will have a positive impact on the market growth.

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Moreover, the extensive use of sugar alcohols in the bakery and confectionery sector is further anticipated to drive market growth. Sugar alcohol is increasingly used in the bakery as an alternative to sugar and to provide texturizing and moisture retention to the product. The significance of sugar alcohol as a healthy sweetener in several bakeries is rapidly gaining attraction among market players as well as consumers. For instance, in 2020, Ingredion EMEA launched its first polyol sweetener, ERYSTA Erythritol. The sweetener enables manufacturers to replace sugar to achieve claims, such as no added sugar or 'calorie-reduced in products including ice cream, desserts and chocolate confectionery among other multiple applications. ERYSTA C40 Erythritol is produced by fermentation that enables manufacturers to achieve energy reduction or no added sugar claims in multiple applications by reducing or replacing sugar.

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Market Coverage

Segment Covered-
o By Type

o By Form

o By Application

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Archer-Daniels-Midland Co., International Flavors and Fragrances, Inc., Cargill, Inc., Ingredion Inc., and Roquette Freres SA.
Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How are playersaddressing challenges to sustain growth?
Where is the investment opportunity?

Global Sugar Alcohol Market Report by Segment

By Type

Sorbitol
Xylitol
Maltitol
Lactitol
Isomalt
Mannitol
Others

By Form

Powder and Crystal
Liquid and Syrup

By Application

Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Others

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