The global polyol sweetener market is predicted to develop from US$ 4,100 million in 2023 to US$ 4,317.3 million in 2024, showing potential market growth. With a CAGR of 7.19%, the market is predicted to reach a projected value of US$ 8,213.4 million by 2034. The worldwide market for polyol sweetener is projected to remain competitive.
Polyols are used as sweeteners in a range of sugar-free foods, which is a major growth driver. Polyols are a low-calorie sweetener which is increasingly being used in baked goods, jellies, and ice – cream. Polyols are getting more popular, resulting in greater market growth.
Sugar Alcohols Chugs the Global Polyol Industry
- The global polyol sweetener market is anticipated to be driven by rising consumer awareness of general health and well-being and rising demand for sugar replacements in the food and beverage industry.
- Polyol sweetener, which come from saccharide derivatives derived from bio-wastes like birch bark, maize cobs, and pulp and paper waste, are produced by fermentation or hydro-generation carbohydrates.
- The essence, or sugar alcohol, is a beneficial ‘natural’ element in various applications, including food, pharmaceutical, cosmetics, and other technical and chemical sectors.
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In Asia – pacific region, Polyol is predicted to be a very profitable business. The sector is predicted to grow in response to rising sales in China, India, and Australia.
It is also expected to rise at a higher rate than in other nations. The growth in buying power, as well as increased uses including dental health and medications, as well as an increase in physical concerns caused by sugar-based foods, would help Asia Pacific expand its market.
The growing prevalence of health awareness in North America will assist the industry. The use of polyol sweeteners within food sector will expand as the incidence of diabetes rises. North America now controls the majority of the worldwide market.
Key Takeaways from Market Study
- The polyol sweeteners market is expected to expand at CAGRs of 5.5% and 7.4% in America and Europe, respectively, through 2034.
- The market for polyol sweeteners in Asia Pacific increased by 7.6% year after year.
- Polyol sweetener sales are increasing globally due to rising customer demand for nutrient dense foods.
- The high production costs of polyol sweeteners are projected to limit industry expansion. However, tight restrictions and international quality criteria for polyol sweeteners, including the risk of adverse effects from excess use, are likely to impede market expansion throughout the forecast timeframe of 2024-2034.
- A major demand-supply mismatch has emerged from a scarcity of raw materials from diverse polyol sweetener producers throughout the world. Producers are also likely to be stuck on raw material orders as a result of the supply chain being severely disrupted by the COVID-19 closure.
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Competitive Landscape
Polyol sweetener makers are putting a lot of effort into analysis and resources to enhance overall product and service quality.
- Ingredion Inc. EMEA: In the year 2020, the business will introduce ERYSTA Erythritol, a novel polyol sweetener that will meet customer demand for low-calorie and zero-added-sugar considered a standard.
- Cargill Inc: In the year 2018, the firm stated that it had formed a partnership with Procter & Gamble, which would allow it to develop more sustainable goods.
- Batory Foods: The firm stated in 2019 that it has purchased the holdings of Polypro International Inc, a company that is one of the industry’s major producers of hydrocolloids.
Market Segmentation
By Type:
- Sorbitol
- Erythritol
- Maltitol
- Mannitol
- Isomalt
- Xylitol
- Others
By Form:
- Powder
- Crystal
- Liquid
- Syrup
By Application:
- Bakery
- Confectionery
- Beverages
- Dairy
- Oral Care
- Pharmaceuticals
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
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