Global Erythritol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Erythritol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Erythritol is an organic compound, a sugar alcohol (or polyol), used as a food additive and sugar substitute. Erythritol is 60-70% as sweet as sucrose (table sugar), yet it is almost noncaloric and does not affect blood sugar or cause tooth decay.

Market Overview:

The latest research study on the global Erythritol market finds that the global Erythritol market reached a value of USD 634.04 million in 2022. It’s expected that the market will achieve USD 1747.63 million by 2028, exhibiting a CAGR of 18.41% during the forecast period.

Demand for low-sugar products increased

Sugar can bring people pleasure and is an important source of human energy. With the improvement of people's living standard, the added sugar directly and indirectly is increasing day by day. However, due to the change of life rhythm and working style, the relative decline of physical labor and exercise makes the human body unable to consume the ingested sugar in time. When sugar can't be consumed in time, the blood sugar of human body rises rapidly, which stimulates the body to release excessive insulin, opens the channel for sugar to enter cells, and the excess sugar is converted into fat and stored in the body. This will not only lead to obesity, but also increase the risk of type 2 diabetes and cardiovascular diseases. At the same time, sugar can also promote bacteria fermentation in the mouth, causing tooth decay. According to the statistics of the International Diabetes Federation (IDF), in 2019, the number of adult diabetics in the world has reached 463 million, and it is expected that there will be a substantial increase in the future. Obesity has become an important problem that affects the health of residents in various countries. With the improvement of residents' health awareness, erythritol with reduced sugar but not reduced sweetness is gradually applied to more and more fields.

Price fluctuation of raw materials

The raw material of glucose processing is mainly corn, so the fluctuation of corn price affects the price of glucose, and then affects the cost of erythritol. The price of corn is influenced by climate, planting area, national grain purchasing and storage policy, and other complicated factors such as corn market in international market and the performance index of corn itself. In recent days, the tension between Russia and Ukraine, the world's major food producers, has been escalating, which may force buyers of wheat and corn to seek alternative import sources, thus pushing global food prices, which are close to multi-year highs, to rise further. If the price of corn rises sharply in the future, which will lead to a sharp rise in the price of glucose, it will have an adverse impact on the profitability of erythritol manufacturers.

Region Overview:

In 2021, the share of the Erythritol market in China stood at 72.27%.

Company Overview

Shandong Sanyuan Biotechnology is one of the major players operating in the Erythritol market, holding a share of 45.76% in 2021.

Shandong Sanyuan Biotechnology

Shandong Sanyuan Biotechnology Co., Ltd. was founded in 2007 with registered capital of 97,335,200 yuan. Our company is a high bio-tech enterprise which based on the Erythritol production by fermentation integrating scientific research, production, sales, committed to the production of erythritol and research and development of new multi-functional sweeteners.
Shandong Sanyuan Biotechnology Co., Ltd.company has the right to import and export, main markets in Europe and the United States, and throughout east Asia, southeast Asia, Australia, New Zealand, and Africa etc more than 30 countries and regions.

Cargill

Cargill, Incorporated provides agricultural products. The Company produces grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. Cargill serves customers worldwide.

Segmentation Overview:

By type, Erythritol Powder segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Beverage segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Erythritol market covered in Chapter 3:

Jungbunzlauer
Zhucheng Dongxiao Biotechnology
Cargill
Baolingbao Biology
Shandong Sanyuan Biotechnology
Shandong Fuyang Bio-Tech CO.LTD
Zibo ZhongShi GeRui Biotech
Mitsubishi-Chemical Foods

In Chapter 4 and Chapter 14.2, on the basis of types, the Erythritol market from 2018 to 2029 is primarily split into:

Erythritol Powder
Erythritol Granular

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Erythritol market from 2018 to 2029 covers:

Beverage
Food
Pharmaceuticals and Health Products
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)