Sugar Alcohol Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Sugar Alcohol Market size is projected
to reach USD 6.70 Billion by 2027 backed by increasing demand
for gluten-free food products across the globe.
Fortune Business Insights, in its
latest report, titled “Sugar Alcohol Market Size,
Share & COVID-19 Impact Analysis, By Type (Sorbitol, Xylitol, Maltitol,
Erythritol, and Isomalt), Application (Food and Beverages, Pharmaceuticals, and
Cosmetics and Personal Care), and Regional Forecast, 2020 – 2027.” observes
that the market was worth USD 3.61 Billion in 2019 and will
exhibit a CAGR of 7.75% between 2019 and 2027.
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Sugar Alcohol also known as polyols are turning out to be the fast emerging
alternative to sugar. Though they bore similar resemblance to sugar considering
their texture and taste, they contain far less caloric content and fewer health
hazards when consumed. In addition to this, several studies have shown that
consumption of polyols may lead to improving the health of the consumer.
Furthermore, they are hybrids between sugar molecules and alcohol molecules and
are present in several fruits and vegetables. Though there are organic polyols,
there are few processed from sugars such as cornstarch and glucose.
What does the Report Include?
The market report includes an
exhaustive study of several factors such as drivers, restraints, challenges,
and opportunities that will affect the growth of the market in the forthcoming
years. The report covers regional demographics that include qualitative and
quantitative information about the regions that are further divided into
nations that are contributing to the growth of the market between 2020 and
2027. Furthermore, the competitive landscape has been discussed in-depth that
include information of several players operating in the market. Moreover,
information on the adoption of strategies such as merger and acquisition,
collaboration, partnerships, and joint ventures by the companies that will
drive the growth of the market has been included during the projected horizon.
Drivers and Restraints:
Increasing Demand for Gluten-free Food Products to Bolster Growth
Gluten-free food is turning out to be
popular among the people across the globe. An array of benefits such as
improved cholesterol levels, better digestive health, increased energy levels,
and aiding weight-loss, among others provided by gluten-free diet is driving
the companies to launch products to ushers into the popularity of the diet.
Glucose syrup that includes polyols such as maltitol and sorbitol are
extensively used across several regions. Furthermore, growing demand for
corn-based glucose syrup that is believed to be gluten-free is expected to
drive the growth of the market during the forecast period.
List of the Companies Operating in the
Sugar Alcohol Market:
- Archer-Daniels-Midland Co. – Illinois, U.S.
- Cargill Incorporated – U.S.
- Ingredion Incorporated – U.S.
- Roquette Frères - France
- Tereos Starch & Sweeteners s.a.s - France
- Tate and Lyle plc – U.K.
- Pfizer Inc. – U.S.
- Lonza Group - Switzerland
- SPI Pharma – U.S.
- Merck KGaA – Germany
Regional Analysis:
Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to
Promote Growth
Among the regions, Europe is expected
to remain at the forefront and register maximum global Sugar Alcohol market
revenue during the projected horizon. Additionally, the region registered a
high market share of USD 1.23 Billion in 2019 and is further anticipated to
rise backed by growing demand for sugar-free confectionary products among the
population. Furthermore, fast-paced lifestyle is leading to a growing
consumption of processed foods in several countries of Europe that will aid the
market growth. North America, on the other, is anticipated to be the
second-most leading region in the forthcoming years. This is ascribable to
factors such as increasing prevalence of diabetic patients in the U.S.
Furthermore, the widespread effects of COVID-19 in the regions is propelling
the demand for hand-sanitizers that will boost the demand for the market during
the forecast period.
The market in Asia-Pacific is expected to witness substantial growth in the
forthcoming years. This is attributable to factors such as presence of large
population in the region. Furthermore, high production of polyols in the
countries such as China and India will contribute to the market growth.
Competitive Landscape:
Companies Collaborating to Combat
COVID-19 to Augur Growth
According to the report, the market
comprises of several small, medium, and large companies striving to gain
maximum market share by consolidating their position during the forecast
period. In addition to this, the companies are collaborating with each other to
fight the global pandemic, Covid-19 and mitigate the threat to get back the
economy on track. For instance, in March 2020, amid the widespread effect of
novel coronavirus that has caused the scarcity of hand sanitizes, Gull New
Zealand, a renowned petroleum company, announced that it would provide over
340,000 liters of ethanol along with Sugar Alcohol to manufacture hand
disinfectants. This move is expected to fill the void caused due to scarcity of
hand sanitizers across several regions that will prove beneficial to fight the
pandemic.
Gain More Insights into the Sugar
Alcohol Market Research Report
https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Supply Chain & Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Type Launches,
and Mergers & Acquisitions
- Global Sugar Alcohol Market Analysis, Insights and Forecast,
2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Sorbitols
- Xylitol
- Maltitol
- Erythritol
- Isomalt
- By Application
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Sugar Alcohol Market Analysis, Insights and Forecast,
2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Sorbitols
- Xylitol
- Maltitol
- Erythritol
- Isomalt
- By Application
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
- By Country
- U.S
- Canada
- Mexico
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