The global polyol sweeteners market size is expected to reach US$ 3160 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at X% CAGR between 2019 and 2029. According to the report, growing R&D to develop new, healthier and creative sugar substitutes and rising cases of people with chronic diseases such as diabetes are factors in the growth of the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Polyols are used as sugar replacers in a wide range of sugar free diets, which is a chief driver enabling growth in the global market. Because polyols are a group of reduced calorie sweeteners they are increasingly used in candies, chewing gums, ice creams and baked goods. Rising application of polyols will result in higher market growth.
Polyols are a group of low digestible carbohydrates. While they have a structure similar to sugar, they come with unique functional benefits. It is of particular importance that polyols do not promote tooth decay. Besides the sweet taste and various functional properties, polyols also offer a range of health benefits. For example they do not cause increase in blood sugar levels.
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It includes in-depth insights into the polyol sweeteners market. Some of these are:
- Consumers’ growing emphasis on health issues is one of the main drivers of the global polyol sweeteners industry.
- Powder segment is expected to rise at a fast CAGR rate over the forecast period.
- Erythritol is projected to share substantial growth on the global polyol sweeteners market.
- Asia-Pacific is projected to possess lucrative growth opportunities on the global polyol sweeteners market.
- Key players would likely concentrate on product developments so that they remain competitive in developed markets.
Despite Demand on Healthier Food & Beverage Products Healthy Diet, Change in Buying Pattern Due to Coronavirus Outbreak will Impact Growth
North America has the largest share in the global demand for polyol sweeteners. The large proportion of this area is primarily due to increased functional food intake, increasing willingness to live a healthier lifestyle, and growing trend in health & wellness. Nonetheless, during the forecast period the Asia-Pacific region possesses lucrative growth opportunities for the consumption of polyol sweeteners. This is primarily due to rapid urbanization, increased disposable income, increased diabetes prevalence, increased functional food industry, increased use of polyols in nutraceuticals and increased polyol output in the area.
The food industry is bracing for significant changes as questions about the COVID-19 spread are increasing. Companies change their activities to meet increased demand. Buying teams turn emphasis away from conventional negotiations and towards ensuring sufficient supply of goods in demand. Many businesses have placed in place contingency measures to prepare for deeper disruptions in the supply chain, both globally and within the USA. Food retailers need to ensure local procurement to resolve the danger of cross-regional transport bans. Among other nations, producers with facilities have started collaborating with local suppliers to keep the product going.
Who is Winning?
The global market for polyol sweeteners is highly competitive and the major players have used various tactics such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions and others to raise their footprints in this segment. Few of the major competitors currently working in the global polyol sweeteners market are Cargill, Incorporated., Archer Daniels Midland Company, Roquette Frères, Ingredion Incorporated, Jungbunzlauer Suisse AG, Gulshan Polyols Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd, Roquette Frères, Mitsubishi Corporation., HYET Sweet., among others.
POLYOL SWEETENERS MARKET TAXONOMY
The global Polyol Sweeteners market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Bakery & Confectionery
- Oral Care
- North America
- Latin America
- East Asia
- South Asia
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KEY RESEARCH FINDINGS
- Polyols are gaining popularity as sugar replacer and are used in wide range of sugar-free diets
- Polyols when used in sugar free diet also help in maintaining a good oral health
- Polyol sweetener is used in foods such as cookies, marshmallows and custards. Unlike sugar, polyol sweeteners do not give the baked product a brown surface
- The use of crystalline polyols such as maltitol, isomalt, and lactitol is far simpler in contrast to the liquid type
- Growing preference for artificial sweeteners over sugar due to rising prevalence of health issues such as diabetes, PCOD / PCOS, and increasing focus on weight control creates growth opportunities
- Industries such as pharmaceuticals, food & beverages, bakery & confectionery are expected to exhibit rising demand for polyol sweetener
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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