Sugar Alcohol Market Current Scenario, Top Companies, Comprehensive Research Study, Gross Margin and Key Players by Forecast 2023
Sugar Alcohol Market Global Research Report by Type (Sorbitol, Mannitol, Xylitol, Maltitol, Lactitol, and others), Source (Corn, Wheat, Rice, Potato and others), Application (Tabletop Sweeteners, Confectionery) and Region – Forecast till 2023
pune, India – May 31, 2019 /MarketersMedia/ —
Sugar Alcohol Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability
Market Overview
Sugar Alcohols, also known as sugar polyols, due to to their chemical structures, are naturally found in fruits and vegetables, while their commercial manufacturing is done by using sugars and starch. They are composed of sugars and alcohols partially and are commonly used in sugar-free sweeteners that are used in low-calorie food and beverage products. The primary function of sugar alcohol in food and beverages is the maintenance of a balanced blood glucose level.
According to a report published by Market Research Future (MRFR), the global sugar alcohol market has been assessed to grow substantially at a moderate CAGR over the forecast period, owing to influential factors such as the massive demand for sugar alcohols, which is a consequent result of the increasing health consciousness among consumers, due to the growing prevalence of obesity, weight management disorders, and diabetes among others.
Additionally, market growth can be hindered due to the complicated process of deriving sugar alcohols in comparison to artificial sweeteners.
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Key Players
The key players identified in the Global Sugar Alcohol Market are
• Cargill Inc (U.S.)
• Roquette Freres (France)
• Ingredion Incorporated (U.S.)
• Fraken Biochem Co. Ltd. (China)
• Beckmann-Kenko GmbH (Germany)
• Archer Daniels Midland Company (U.S.)
• Mitsubishi Shoji Foodtech Co., Ltd. (Japan)
• Atlantic Chemicals Trading GmbH (Germany)
• Sanxinyuan Food Industry Corp Limited (China)
Segment Analysis
Based on the type, the global sugar alcohol market has been segmented into erythritol, isomalt, lactitol, maltitol, mannitol, sorbitol, xylitol, and others. Among these, the sorbitol segment has been assessed to account for the comparatively more substantial market share over the forecast period. Sorbitol segment is also expected to grow at a higher CAGR owing to its extensive usage as a sugar substitute in the production process of beverages.
Based on the source, the market for sugar alcohol has been segmented into bagasse, birch wood, corn, cassava, potato, rice, wheat. Among these, the corn segment has been assessed to account for significant market growth during the forecast period.
Based on the application, the Sugar Alcohol Market has been segmented into bakery foods, confectionery, dairy products, pharmaceuticals, tabletop sweeteners, and others. The bakery & confectionery segment has been assessed to account for a substantial market share during the forecast period. The pharmaceuticals segment is anticipated to expand at a high growth rate, owing to the increasing usage of sugar alcohol in the manufacturing process of drugs.
Based on the region, the global sugar alcohol market has been segmented primarily into North America, Europe, Asia Pacific, and the rest of the world.
Regional Analysis
North America has been assessed to account for the leading market share over the forecast period, owing to the increasing awareness among consumers in North American countries such as the U.S. and Canada. Furthermore, the presence of key market players in North America is also one of the driving factors for the market growth of sugar alcohol during the forecast period. In North America, the U.S. has been projected to account for the leading market share through the forecast period.
Europe has been assessed to account for a substantial market share during the forecast period.
The Asia Pacific has been assessed as the fastest growing region in the global sugar alcohol market, owing to the increasing population in the developing economies such as India and China, which is resulting in massive demand from the food and beverage industry for sugar alcohol due to the health concerns of consumers. Increasing prevalence of chronic diseases among the consumers in Asia-Pacific has been assessed to be an influential factor for the demand of sugar alcohols.
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