The sugar alcohol market is expected to generate US$ 3.31 billion in sales in 2023, according to Future Market Insights (FMI) recently released research report. By 2033, the market may potentially exceed a worth of US$ 4.59 billion. Market participants could estimate a CAGR of 4.2% over the forecast period.
The global sugar alcohol market is witnessing a remarkable upswing, driven by a convergence of factors that respond to the evolving preferences and health consciousness of consumers. Sugar alcohols, recognized as polyols, are organic compounds derived from sugars, including popular variants like sorbitol, xylitol, and erythritol.
The sugar alcohol market is not merely responding to current trends; it is shaping the future of sweeteners by offering healthier alternatives to traditional sugars. As consumers prioritize well-being and seek products with additional nutritional benefits, the demand for sugar alcohols is expected to continue its upward trajectory.
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The food and beverage end-user industry, where the bakery and confectionery maintain the lion’s share of the market, consumes the bulk of the polyol produced. Customers choose sugar-free food items due to the fast-paced lifestyle, which is likely to fuel the market expansion.
More people are buying sugar-free and low-calorie food items, which are predicted to increase the usage of sugar alcohol in various food items. Sugar alcohol is also widely utilized in the preparation of different food products, including bakery products, confectionery, beverages, and sweet spreads, since it has a lower calorie content than actual cane sugar.
The top businesses are producing fresh products with little or no sugar by employing sugar alcohol to give other goods the same texture and flavor, which is accelerating market expansion. Consumer desire for healthier substitutes for unhealthy elements in junk food, such as ice cream with protein, fewer calories, decadent flavors, and sugar alcohols, is on the rise. This demand is fueling the market expansion.
Sugar alcohols play a significant part in the entire formulation of pharmaceutical preparations as both an excipient and an active ingredient. Active pharmaceutical ingredients (API) for addressing constipation have traditionally included polyols. Polyols are often used as excipients in contemporary formulations, including consumer-friendly lozenges and chewable tablets.
The sugar alcohol market is dominated by Europe. The pharmaceutical industry share is higher in European nations. Given this, sugar alcohols are used to create tablets, syrups, and soft gels. For use in low-calorie confections and baked goods, sugar alcohols are highly sought-after in this region.
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Key Drivers of the Sugar Alcohol Market:
- Health-Conscious Consumption: Sugar alcohols have emerged as a sought-after sugar substitute, offering a low-calorie and low-glycemic index alternative to traditional sugar. With a rising tide of health awareness, consumers are turning to sugar alcohols as a healthier choice.
- Obesity and Diabetes Concerns: The increasing prevalence of obesity and diabetes is propelling the demand for sugar alcohols. As consumers become more aware of the health risks associated with excessive sugar consumption, the market is witnessing a shift towards healthier alternatives.
- Functional Food Demand: Sugar alcohols are integral to the formulation of functional food and beverages, including energy drinks, protein bars, and dietary supplements. The growing demand for functional products aligns with the rising health consciousness among consumers.
- Natural Sweetener Trend: In response to health concerns related to artificial sweeteners, consumers are gravitating towards natural alternatives like sugar alcohols. This trend is prompting food and beverage manufacturers to incorporate sugar alcohols into their formulations.
- Low-Carb and Ketogenic Diets: The surge in popularity of low-carb and ketogenic diets, which restrict the consumption of high-carb foods, positions sugar alcohols as an attractive alternative. This is particularly evident in the bakery and confectionery industry, driving up demand for sugar alcohols.
COMPETITIVE LANDSCAPE
Top players operating in the sugar alcohol market are Tate & Lyle Plc., Archer Daniels Midland Company, DuPont, Cargill, Inc., BENEO GmbH, Roquette Freres, Ingredion Incorporated, Beckmann Kenko GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Fraken Biochem Co. Ltd., A&Z Food Additives Co. Ltd., SPI Pharma, Lonza Group, Atlantic Chemicals Trading GmbH, and others.
These market players are actively involved in developing innovative products and expanding their production capabilities to cater to the increasing demand for low-calorie and natural sweeteners. They are investing heavily in research and development to create new sugar alcohol formulations that mimic the taste and texture of traditional sugars while providing a healthier alternative to consumers.
RECENT DEVELOPMENTS
- In November 2022, ERYTESSETM Erythritol was introduced by Tate & Lyle PLC as a novel sweetener. This expansion broadens its capacity to assist clients in meeting consumer demand for healthier, sugar- and calorie-reduced goods owing to a distribution partnership deal with a top supplier of erythritol.
- In April 2020, ERYSTA® Erythritol, a new polyol sweetener, was introduced by Ingredion EMEA. Manufacturers can accomplish nutrition-related claims, including “no added sugar” or “calorie-reduced,” by reducing or replacing sugar with sweetener in a variety of applications.
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Sugar Alcohol Market Key Segments
By Product Type:
- Sorbitol
- Xylitol
- Maltitol
- Lactitol
- Erythritol
- Isomalt
- Mannitol
- Others
By End-use Industry:
- Food & Beverages
- Pharmaceuticals
- Others
By Application:
- Bakery Goods
- Sweet Spreads
- Confectionery & Chewing Gum
- Beverages
- Dairy Products
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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