Global Sugar Alcohol Market– Overview
Increasing incidences of obesity and diabetes encouraged the growth of sugar alcohol industry, globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Sugar Alcohol Market Research Report- Forecast to 2027 that the market will demonstrate high CAGR % while achieving million dollar growth during the forecast period.
Sugar alcohols are low digestible carbohydrates which help in controlling blood sugar levels. The growing concern among consumers regarding obesity and diabetes accelerated the demand for sugar alcohols. They are considered to be safer substitutes for sugar as they are calorie-free and help in weight loss. According to World Health Organization, more than 1.9 billion adults - 18 years and above - were overweight, of which, 650 million were obese in the year 2016. In addition, approximately, 422 million population were living with diabetes in 2014, indicating the alarming rate at which obesity and diabetes are increasing among the population. Also, there is growing demand for low calorie-foods worldwide, which supported the growth of sugar alcohols market.
Furthermore, sugar alcohols are also effective in dental care. They help reduce intake of sugar and also act as anti-bacterial and prevents tooth decay. Due to product’s effectiveness in preventing tooth decay, the American Dental Association awards the ADA Seal to a variety of chewing gums that contain sugar alcohols. Gums sweetened with alternative sweeteners stimulates the flow of saliva which reduce acid formation in the mouth. Due to its heath benefits, sugar alcohols are widely used in foods, beverages, snacks, and pharmaceutical industries across the world. However, long-term usage of sugar alcohol is discouraged, as it may have negative influence on health, which could act as hindrance for the growth of the market.
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Latest Industry Updates
Jul 2017 Archer Daniels Midland Company completed acquisition of Chamtor, a French producer of wheat based sweeteners and starches. Through this acquisition, the company aims to expand its market in France.
Oct 2016 PUR Company introduced two new gum flavors, bubble gum and chocolate mint. The product are aspartame free and uses xylitol as natural sweetener. Through this product launch, the company aims to strengthen its sugar-free products portfolio
Jul 2016 Archer Daniels Midland Company announced that it has agreed to acquire from Tate & Lyle a Casablanca, Morocco-based corn wet mill.
Global Sugar Alcohol Market- Competitive Analysis
The sugar alcohol market is competitive with major market players operating at the global level. The key industry players in the alternative sweeteners market have adopted the strategies such as geographic expansion, new product launch, acquisitions, agreements, and joint ventures to strengthen their business portfolio. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
The key players profiled in Sugar Alcohol Market are as Cargill Inc, A & Z Food Additives Co. Ltd, Atlantic Chemicals Trading GmbH, Beckmann-Kenko GmbH, Fraken Biochem Co. Ltd., Roquette Freres, Sanxinyuan Food Industry Corp Limited, and Archer Daniels Midland Company among many others.
Global Sugar Alcohol Market– Segments
The global Sugar Alcohol Market has been divided into type, source, application, and region.
On The Basis Of Type: Sorbitol, Mannitol, Xylitol, Maltitol, Lactitol, Erythritol, Isomalt, and Others
On The Basis Of Source: Corn, Wheat, Rice, Potato, Cassava, Bagasse, and Birch Wood
On The Basis Of Application: Table Top Sweeteners, Confectionery, Bakery Foods, Pharmaceuticals, Dairy Products, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Sugar Alcohol Market- Regional Analysis
The global sugar alcohol market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global sugar alcohol market is highly dominated by North America and Europe due to inclination towards low-calorie food products. APAC is fastest growing region due to changing lifestyle and improved disposable income in that region. The consumption of sugar alcohol market in developing counties like India and China is expected to grow in upcoming years.