The new report by Expert Market Research titled, ‘Global Sugar Alcohol Market Analysis, Share, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global sugar alcohol market, assessing the market based on its segments like major type, form, application, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.92%
Consumers are increasingly preferring low-sugar and sugar-free nutritious snacks for nutritional benefits. The surging awareness regarding clean-label products with low sugar content in processed food is expected to consequently accelerate the market growth. The development of new reduced or no-sugar products using sugar alcohol to supply a similar texture and taste to a variety of products is augmenting the market growth. The rising demand for healthier alternatives in foods containing protein, low calories, indulgent flavours, and sugar alcohols by the fitness-oriented consumers is providing further impetus to the market growth.
The rising prevalence of varied health-related issues, like diabetes, obesity, and heart diseases are increasing the demand for sugar alcohol as an alternate to fructose and sucrose. Sugar can accelerate ageing, promote cavity, suppress the system, and increase the danger of diabetes and heart complications. Therefore, various governments are introducing initiatives to assist their citizens to scale back sugar intake. As an example, the general public health department of the UK initiated a sugar reduction program to reduce the content in the food products that contributes most crucially to sugar intakes in children. The program also recommends the utilization of lower or no-added sugar products. This, in turn, is increasing the demand for sugar alcohol in breakfast cereals, chocolate, confectionery, and sweet spreads as an alternate to sugar, hence aiding the market growth.
Sugar Alcohol Industry Definition and Major Segments
Sugar alcohols are carbohydrates that are hybrid of sugar and alcohol molecules and are naturally found in fruits and vegetables. As they need an identical chemical structure as sugar, they activate sweet receptors and are healthier than sucrose and fructose, hence are increasingly utilized in the food and beverage industry.
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On the Basis of Type, the market can be divided into:
On the Basis of Form, the market can be divided into:
- Powder and Crystal
- Liquid and Syrup
On the Basis of Application, the market can be divided into:
- Food and Beverages
- Cosmetics and Personal Care
On the Basis of region, the market can be divided into:
- North America
- The Asia Pacific
- Latin America
- Middle East and Africa
Sugar Alcohol Market Trends
Sugar alcohols are extensively utilized in the private care and cosmetics industry. They’re utilized in toothpaste and mouthwashes due to their pleasant and sweet taste. They also work as a humectant to appease the skin. Moreover, the utilization of sorbitol as a hydrating and moisturising agent in skincare products is augmenting the market growth. It also improves the feel of formulations and thickeners while acting as a prebiotic agent to guard skin from harmful bacteria and infection. This is expected to increase the demand for sugar alcohols in skin care products. The efficiency and cost-effectiveness sugar alcohols make it a suitable alternative to sugar in mass production without compromising its sweetness. The rising use of isomalt to reinforce the sweetness within the food and beverage industry is aiding the market growth. Moreover, isomalt are often easily stored and survive in extreme weather, thanks to which it’s increasingly preferred in food to extend their time period . this is often why it’s widely utilized in candies, chewing gums, and food , among others, therefore bolstering the industry growth.
Key Market Players
The major players in the market are Archer Daniels Midland Company, Cargill, Inc., Dupont De Nemours, Inc., Ingredion Incorporated, Tate and Lyle PLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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