According to Market Research Future (MRFR), the global sugar alcohol market is expected to reach USD 6.2 billion by 2030, registering a CAGR of 7.0% the review period (2022-2030).  Increasing diabetic and obese population is expected to influence the sales in the market directly. Today’s heady lifestyle is a key reason consumers are opting for processed food & beverages, which, in turn, accelerate market growth.

Sugar alcohols are soluble organic compounds found naturally in fruits & vegetables in small amounts, but commercially, it is derived from sugars & starch. It is added to food & beverages as a low-calorie sweetener. Over recent years, the consumption of sugar alcohol is rising continually. Resultantly, the growth of the sugar alcohol market outlook is continuously increasing, witnessing rising production rates worldwide.

Sugar alcohol is widely used in processed food & beverages to maintain normal blood glucose levels. Besides, a type of sugar alcohol Sorbitol is finds its wider application in the pharmaceuticals and food & beverage industry. The burgeoning food & beverage industry and augmenting demand for low-calorie food products are escalating the growth of the market. Also, technological advances and new product launches are boosting the market growth.

On the other hand, complex production processes of sugar alcohols pose a significant challenge to the growth of the market. This factor is expected to continue to hamper the market growth during the forecast period. Nevertheless, advancement in technology expected in the future would support market growth, simplifying the production processes.  Also, the growing demand for the rapidly growing beverage industry is projected to aid in pushing forward the sugar alcohol market in the years to come.

Sugar Alcohol Market   - Segmentation

The analysis is segmented into four major dynamics; 

By Type: Sorbitol, Erythritol, Mannitol, Xylitol, Isomalt, Lactitol, and others.

By Source: Corn, Wheat, Rice, Potato, Cassava, Bagasse, Birch Wood, and others.

By Application:  Confectionery, Bakery Foods, Tabletop Sweeteners, Pharmaceuticals, Dairy Products, and others.

By Regions:  Americas, Europe, Asia Pacific, and Rest-of-the-World (RoW).

Global Sugar Alcohol Market   - Regional Analysis

North America dominates the global sugar alcohol market. The largest market share attributes to the largest production of bakery & confectioneries in the region. Moreover, the high disposable income of consumers, alongside the presence of major players and their vivid product launches are stimulating the sales in the regional market. The US and Canada are the key markets for sugar alcohol in the region. The North American sugar alcohol market share is estimated to retain its dominance throughout the forecast period.

The sugar alcohol market in the European region stands second, globally. The presence of a large consumer base of confectionery, bakery foods, and dairy products acts as a key driving force for the regional market. Besides, massive the demand for tabletop sweeteners and rising usages food additives are impacting the growth of the regional market, positively. Heading with the increasing consumption of sugar alcohol for medicines, the European market is projected to register significant CAGR over the assessment period.

 The Asia Pacific sugar alcohol market is growing rapidly due to the large production units across the region. Developing economies such as China and India significantly contribute to the growth of the regional market. Rapidly increasing population coupled with the changing lifestyle of the consumers, fosters the market growth in the region. The APAC sugar alcohol market is estimated to observe substantial growth over the forecast period.

Global Sugar Alcohol Market   - Competitive Landscape

Highly competitive, the sugar alcohol market appears to be fragmented due to the presence of several well-established players. To gain a larger competitive advantage in this market, players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. Manufacturers strive to develop high-quality products based on innovative technologies. They also aim to provide the product in a tailor-made packaging such as customized/bulk packaging and special requirements. 

Major Players: 

Players leading the sugar alcohol market include A & Z Food Additives Co. Ltd (China), Cargill Inc (US), Atlantic Chemicals Trading GmbH (Germany), Fraken Biochem Co. Ltd. (China), Beckmann-Kenko GmbH (Germany), Roquette Freres (France), Archer Daniels Midland Company (US), Sanxinyuan Food Industry Corp Limited (China), Ingredion Incorporated (US), and Mitsubishi Shoji Foodtech Co., Ltd. (Japan), among others. 

Industry/ Innovation /Related News: 

April, 2021 ---- Evonik Industries AG (Germany), a specialty chemicals company announced commissioning a new plant for the production of Kalcat and Metalyst activated metal catalysts at its catalyst manufacturing site in India. Activated metal catalysts are primarily used in the food industry for the production of Sorbitol, active pharmaceutical ingredients (APIs), and other fine & industrial chemicals.

This expansion is part of Evonik’s long-term strategy to enhance the expertise & capabilities in the APAC region. With the new production facility, Evonik will be able to increase its ability to supply technologically advanced products in India and abroad. 

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