ID: MRFR/F-B & N/6625-HCR | 90 Pages | Published By Snehal Singh on March 2023
The polyol sweeteners market can garner a robust valuation of USD 3.6 billion by 2027, The worldwide market will be attaining a CAGR of 6% from 2020 to 2027.
The polyol sweeteners market can garner a robust valuation of USD 3.6 billion by 2027, believes Market Research Future (MRFR). The worldwide market will be attaining a CAGR of 6% from 2020 to 2027.
Accelerated preference for sugar substitutes within the food & beverage sector in conjunction with the surging consumer awareness about wellness and health will enhance the demand for polyol sweeteners. Polyol sweeteners can be described as saccharide derivatives that are developed by fermenting or hydro-generating carbohydrates from a variety of bio-wastes, including corn cob, pulp & paper waste, and birch bark. Also known as sugar alcohol, these are used as “natural” ingredients in numerous applications, including cosmetics, pharmaceutical, food, and chemical and technical industries. The US market for polyol sweeteners will experience solid growth in the years ahead, thanks to the mounting consumer demand for low-calorie and healthier food items. Additionally, these have uses as a bulking agent, humectant, chemical reactant, and binder in textile, paper, and tobacco industries.
However, it is noted that excessive intake of sugar alcohols can lead to gastrointestinal symptoms, including laxative effects or gas. The unabsorbed polyol sweeteners can enter the large intestine and then bind with the water, which can result in fermentation and ultimately diarrhe a as well as flatulence. Therefore, consumers are hesitant to use sugar alcohols in place of natural sugars in their foods, which can be a significant challenge for the brands active in the global market.
The expansion of the market size in the Asia Pacific has been surging at a phenomenal pace, given the rising purchasing prowess of the people and rising intake of sugar-free pharmaceutical items as well as nutritional supplements. This can be a massive opportunity for international brands in the future. Also, the heightened number of chronic disorders like diabetes coupled with the surging health consciousness among people and their increasing preference for low-calorie sweeteners can further be opportune for the global industry.
The global polyol sweeteners market has been segmented based on type, form, application, and region.
By type, the global polyol sweeteners market has been classified as xylitol, erythritol, sorbitol, isomalt
maltitol, and others.
Based on form, the global polyol sweeteners market has been bifurcated into solid and liquid.
The global polyol sweeteners market has also been segregated, on the basis of application, into food & beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food & beverages segment is further segregated into bakery & confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and others.
The global polyol sweeteners market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American polyol sweeteners market has further been segmented into the US, Canada, and Mexico.
The European polyol sweeteners market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The polyol sweeteners market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The polyol sweeteners market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Polyol Sweeteners Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
The market in Europe is expected to dominate the global polyol sweeteners market throughout the review period. Surging demand for healthy ingredients in the food & beverages and pharmaceuticals and nutraceuticals industries in the region is driving the growth of polyol sweeteners industry in Europe.
However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period of 2019 to 2024 due to the rise in the number of chronic diseases in the region and the increasing health consciousness among consumers. Polyol sweeteners are low-calorie sweeteners which do not cause health issues such as diabetes.Recent Development
The Azcuba Sugar Business Group is focused on enhancing the manufacturing capacity of around 1,100 tons of sorbitol this year. The company’s sorbitol is primarily used in the production of toothpaste, and various other applications including the production of food, cosmetics, and drugs.
Drink Loud has introduced its cannabis potion across dispensaries throughout California, US. Containing 100 milligrams of cannabis and packed in a 1.8-ounce bottle with the use of proprietary nanotechnology, the products are sweetened using sugar as well as xylitol, are gluten-free, vegan, and have no GMOs.
Global Polyol Sweeteners Market, by Type
Global Polyol Sweeteners Market, by Form
Global Polyol Sweeteners Market, by Application
Global Polyol Sweeteners Market, by Region
Polyol sweeteners market is projected to grow at approximately 6 % CAGR during the assessment period (2020-2027).
Polyol sweeteners market is estimated to reach a valuation of approx. USD 3.6 BN by the end of 2024.
Food & beverages is the largest application segment in the global polyol sweeteners market.
Europe holds the largest share in the global Polyol Sweeteners market, followed by North America and the Asia Pacific, respectively.
DuPont de Nemours (US), Ingredion Incorporated (US), Tereos (France), Roquette Freres S.A. (France), Mitsubishi Shoji Foodtech Co., Ltd. (Japan), Batory Foods (US), American International Foods Inc. (US), Gulshan Polyol Limited (India), Südzucker (Germany), Beckman Kenko (Germany), Cargill (US), Archer Daniels Midland Company (US), DFI Corporation (US), Fraken Biochem (China), Jungbunzlauer Suisse AG (Switzerland), and Novagreen Inc. (Canada), are some of the top players operating in the global polyol sweeteners market.