Sugar Polyols Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Sugar Polyols Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Sugar Polyols Market is projected to grow at a CAGR of 4.5% during the forecast period (2019-2024).

Key Highlights

• There is a significant improvement in the living standards of the middle-class population, primarily due to high disposable income. There is a significant change in the dietary patterns of the population, due to rising health consciousness among consumers.
• Moreover, companies are focusing on developing products that are composed of natural ingredients, along with specialty products that help in improving health through balanced diets. Sorbitol and erythritol are gaining significance across various applications of food.
• Consumption of sugar substitutes in countries, such as India, Japan, and Australia, is expected to increase at a steady rate, due to increasing concerns regarding diabetes and obesity. According to the International Diabetes Federation, China is witnessing a significant growth in the diabetic population.

Key Market TrendsRising Preference Towards Low-Calorie Sweetener

The replacement of sugar with low-calorie sweeteners, such as xylitol and sorbitol, is expected to reduce the calorie intake, and thus, help in managing weight and blood sugar level. There is a rising inclination toward low-calorie sweeteners, beverages, and food, such as snack bars, yoghurt, ice cream, and grain-based desserts. Global market trends indicate that consumers are moving toward healthy, natural, zero-calorie sweeteners, as many artificial sweeteners are proven to have health deteriorating effects in the long term. Urbanization, growing working-women population, and rising household income are driving the demand for natural sweeteners in the emerging economies. Overall, high demand for natural food ingredients is providing new growth avenues for food sweeteners. In the United States, Canada, Western Europe, and Japan, the consumption of high-intensity sweeteners is expected to increase slowly, as the diet beverage market is matured.

Asia-Pacific Holds the Largest Market Share

Global sugar polyols market in Asia-Pacific currently holds the largest market share of 37% in 2016, followed by North America. This significant share of Asia-Pacific can be attributed to the growing number of health conscious consumers. The United States has the largest market share of 50% in North America. With the increasing prominence of countries like the United Kingdom, Germany, France, Europe holds the second largest market share after North America in the global sugar polyols market.

Competitive Landscape

Some of the major major keyplayers in the sugar polyols market, globally are Archer Daniels Midland Company, B Food Science Co., Ltd., BENEO GmbH, Baolingbao Biology Co. Ltd, CSPC Shengxue Glucose Co., Ltd., Cargill, Inc., DFI Corporation, DHW Deutsche Hydrierwerke GmbH, DuPont Nutrition & Health (Danisco), Hebei Huaxu Pharmaceutical Co., Ltd., Ingredion Incorporated and Jungbunzlauer Suisse AG. These companies are mainly focused on capacity expansion owing to increasing demand for healthier substitutes of sugar.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.