Sugar Alcohol Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Sugar Alcohol Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Sugar Alcohol Market

The sugar alcohol market size was valued at USD 3.61 Billion in 2019, and the market is now projected to grow from USD 9.07 Billion by 2032, exhibiting a CAGR of 7.13% during the forecast period of 2020-2027.

The global polyols market is proliferating due to increasing demand for sugar alcohols in hand sanitizers and hand washes amid the COVID-19 pandemic. While the pharmaceutical sector drives polyol consumption, the food and beverage segment faces a decline due to reduced gum confectionery sales and consumers' focus on essential packaged foods. Labour shortages, stock limitations, disrupted supply chains and trade restrictions further impact confectionery and baked goods sales. However, increased pharmaceutical use is stabilizing overall sugar alcohol market growth.

With the increasing number of diabetic patients and more awareness of health, there is a need for sugar-free products, mainly sugar alcohols because of their low-calorie content. Heightened recognition of the dangers of processed goods high in sugar, diabetes and obesity drives trends towards healthier diets. Sugar alcohols, which have been observed to reduce postprandial blood-glucose levels without stimulating insulin release, are a growing trend. Their role in processed foods and confectionery further boosts the sugar alcohol market share. This trend positions sugar alcohols as a key opportunity in the health-focused market landscape.

Also, the shift in consumer trends toward low-sugar products in developed countries is an important factor fueling the growth. Consumer knowledge of labels such as “no sugar” and “sugar-free” affects their buying behaviour, backed up by time constraints and increasing urbanization. Such sugar substitutes are also extensively used in the food and beverage industries, which increases their demand. This trend has encouraged manufacturers to expand sugar-free product offerings. Growing health awareness continues to shape the market landscape positively.

Comprehensive Analysis of Sugar Alcohol Market

The sugar alcohol market and food & beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by type and by application. The type includes, Sorbitol, Xylitol, Maltitol, Erythritol and Isomalt. The application includes, Food and Beverages, Pharmaceuticals and Cosmetics and Personal Care.

Europe's polyols market is rapidly growing, driven by high confectionery consumption and increasing adoption of sugar-free alternatives among working professionals. Russia leads in market share due to population dynamics and significant demand for chewing gum and baked goods. The COVID-19 pandemic increased polyol consumption in hand sanitizers and hand washes, including Italy and Spain. Increased consumer concern towards hygiene and health has boosted the market growth. Europe's diverse consumer base supports long-term growth.

The top players in the market play a crucial role in the food & beverages industry assuring industrial prospectus growth and setting market standards. These players include, Archer-Daniels-Midland Co. (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.) and Merck KGaA (Germany). These market players provide a level-playing competitive landscape.

In December 2023, A Famous U.S. brand manufacturer Brandt recently introduced a new type of sugar alcohol product, the Fenglihui Anjiachun, in China. Beijing Xinhefeng Agricultural Materials owns the sales rights to this product.

Segmentation Table

Global Sugar Alcohol Market Scope

Study Period2016-2027

Base Year2019

Forecast Period2020-2027

Growth RateCAGR of 7.13% from 2020 to 2027

Historical Period2016-2018

UnitValue (USD Billion)

SegmentationBy Type, Application, and Region

By TypeSorbitol

Xylitol

Maltitol

Erythritol

Isomalt

By ApplicationFood and Beverages

Pharmaceuticals

Cosmetics and Personal Care

Others

By RegionNorth America (the U.S., Canada, and Mexico)

Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)

South America (Brazil, Argentina, and the Rest of South America)

The Middle East & Africa (South Africa, UAE, and the Rest of the MEA)


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