Global Sugar Alcohol Market - 2022-2029

Global Sugar Alcohol Market - 2022-2029

Market Overview

The global sugar alcohol market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Sugar alcohols are a type of polyols made up of chemical molecules that are commonly obtained from sugars. They are white, water-soluble solids found in nature or manufactured from sugars. Sugar alcohol is made from sugars that have a carbon hydroxyl group. Sugar alcohols are primarily derived from fruits and plants. Sugar alcohols are low-calorie sweeteners used in food additives, toothpaste, medications, and beverages to make sugar-free or low-sugar products. Consumer awareness of the health effects of artificial sugar substitutes has led to an increase in demand for low-calorie, long-lasting sweeteners.

Market Dynamics:

Increasing sugar alcohol use in the personal care and cosmetics industry to support sugar alcohol market growth

Sugar alcohols are extensively used in the cosmetics and personal care industries. Because of their pleasant and sweet taste, they are utilized in toothpaste and mouthwashes. They also soothe the skin by acting as a humectant. Furthermore, the usage of sorbitol in skincare products as a moisturizing agent component boosts the market growth. It also thickens and improves the texture of formulations while acting as a prebiotic to prevent skin from dangerous germs and illness. This, in turn, is driving up demand for sugar alcohols in creams, lotions, and moisturizers, propelling the industry forward even further.

Sugar alcohols' cost-effectiveness and efficiency make them an attractive alternative to sugar in bulk production without reducing sweetness in foods like cereals, helping the industry flourish. The growing usage of isomalt in the food and beverage industry to increase the sweetness of delicately scented fruity sweets is boosting the market growth. Furthermore, because isomalt is easily stored and can withstand extreme weather, it is increasingly used in convenience foods to extend its shelf life. As a result, it's frequently utilized in sweets, chewing gums, and baked products, among other things, contributing to the industry's expansion.

Market Segmentation:

Sorbitol segment accounted for the highest share in global sugar alcohol market

Sorbitol has the biggest market share due to its widespread use in various applications. Consumers are looking for a healthy sugar substitute, and sorbitol, the most popular sugar alcohol, is projected to meet that demand. The acceptance of sorbitol use among end-users is also influenced by increased consumer knowledge of low-calorie food products. The use of organic personal care and cosmetic products has increased among consumers, which is projected to impact sorbitol consumption positively. Furthermore, consumer knowledge of the many health risks linked with sugar use will contribute to the rise of sorbitol consumption.

The offline segment is predicted to contribute the most revenue over the forecast period among the various distribution channel segments. Consumers prefer to buy beauty items from offline retail locations such as beauty and health merchants, hypermarkets, and supermarkets, driving the segment's growth.

Geographical Penetration:

Asia Pacific is the fastest growing region during the forecast period

During the forecast period, Asia Pacific is expected to increase at a CAGR of XX percent. Countries like China and India are making a good contribution to market revenue growth. The region has the fastest-growing population, which is adopting a western way of life and increasing the number of people working. Sugar alcohol is produced in enormous quantities in countries like China and India, where many firms operate. North America is expected to dominate in the consumption of sugar alcohols. The region's market growth can be attributed to a rising use of hand sanitizers as well as the widespread prevalence of obesity and diabetes, particularly in the United States.

Competitive Landscape:

The key players operating in the global sugar alcohol market include Cargill Incorporated, Spectrum Chemical Manufacturing Corp., Ingredion Incorporated, Archer Daniels Midland Company, Roquette Freres SA and DuPont among others. Roquette, a plant-based ingredient company based in France, introduced the Lycagel softgel capsule formulation in November 2020. NEOSORB sorbitol and carrageen make up this innovative formulation. This product has a higher capsule strength and can be processed at higher temperatures.

COVID-19 Impact: Negative impact on the global sugar alcohol market

The coronavirus outbreak has had a substantial influence on the food and beverage industries and all stages of the supply chain and value chain. The supply chain ecosystem, raw material suppliers, logistics partners, and others have all been impacted. As a result, the COVID-19 pandemic had some unfavorable consequences for the sugar alcohol sector. On the other hand, demand for low-calorie healthy food products and nutraceuticals is expected to skyrocket shortly. As a result, the market is expected to benefit from the gradual removal of social distancing and free movement limits. In addition, the sugar alcohol industry is predicted to show signs of steady recovery.

Why Purchase the Report?
• Understand the current market scenario and viability of global sugar alcohol market over the forecast period
• Visualize the composition of the global sugar alcohol market in terms of type, form, application and region to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global sugar alcohol market– Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global sugar alcohol market report would provide an access to approximately 61 market data tables, 55 figures and 180 pages.

Target Audience:
• Food & Beverages Companies
• Alcohol Beverages Manufacturers
• Import and Export Companies
• Industry Investors
• Education & Research Institutes
• Research Professionals