Sugar Alcohol Market Rising With Growth In New Technology Trends Research By 2028Posted by Mrudula Anil Karmarkar on September 27th, 2022 The global sugar alcohol market size was estimated to reach USD 5.1 billion by 2028 and is expected to expand at a CAGR of 6.0% from 2022 to 2028. Increasing demand for low sugar or no sugar products due to rising health awareness, an increasing number of diabetic patients, and increasing demand from the food and beverage industry are expected to promote the sugar alcohol market growth over the next few years. Additionally, increasing chronic diseases among the citizens will further increase the demand for sugar alcohol from industry verticals. Xylitol segment is forecast to grow with the highest CAGR of 6.9% from 2022 to 2028 and is estimated to contribute a market share of 30% by 2028. Xylitol becomes popular sugar alcohol as it has similarities to sucrose visually and tastes. It is used for teeth treatments to reduce cavities as it is non-fermentable. It restricts the growth and reproduction of bacteria inside the mouth. Thus, it is widely used to produce oral care products which will drive the segment growth during the forecast period. Liquid & syrup is forecast to register the fastest growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications in pharmaceuticals and personal care. The pharmaceutical industry vertical will register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing hand sanitizers, medicines for diabetic patients, and protein supplements. Thus this segment is expected to grow with the highest growth rate during the forecast period. Asia Pacific is forecast to grow with a CAGR of 7.8% from 2022 to 2028. Countries such as China and India are positively contributing to the growth of market revenue. The region has a largest growing population which adopts a western lifestyle and increases the working number of citizens. Countries like China and India are the larger producers of sugar alcohol with many manufacturers operating in this region. Sugar alcohol is produced from sugars which have a hydroxyl group with carbon. Majorly used sugar alcohols are extracted from fruits and vegetables. Sugar alcohols are low-calorie sweeteners used for making sugar-free or low-sugar products such as food additives, toothpaste, medicines, and beverages. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/sugar-alcohol-market-report/request/rs1 Rising demand for low carbohydrates coupled with growing health consciousness regarding food and beverages from consumers across the globe are expected to promote the sugar alcohol market growth over the next few years. Additionally, increasing obesity and diabetic patients among the population will further drive the industry demand. Sugar alcohol is an organic molecule produced from sugars with a hydroxyl group with carbon. Majorly used sugar alcohols are sorbitol, mannitol, xylitol, maltitol, glycerol, lactitol, arabitol, erythritol, isomalt, and hydrogenated starch hydrolysates (HSHs). The product is a low-calorie sweetener used for making sugar-free or low-sugar products such as food additives, toothpaste, medicines, and beverages. Sugar Alcohol Market Report Highlights
During the COVID-19 pandemic and the subsequent lockdown situation, governments of various countries restricted, or citizens preferred to stay at home as a precautionary measure. Various festivals, sports events, exhibitions, and other public events were canceled across the world. Due to this overall production and supply chains were disturbed. Due to this, the market experienced a shortfall in sales due to restricted production, disturbed supply chains, and reduced demand. Considering this short slack in market revenue it is expected to witness a healthy market growth rate in the upcoming years after COVID restrictions. The powder & crystal segment contributed the largest market share of more than 65% in 2021 and is forecast to grow with a CAGR of 5.1% from 2022 to 2028. Powder and crystal form of sugar alcohol offers simplicity to handle, transport, and store. Thus, powder and crystal form of sugar alcohol is widely used in preparing food and beverages products. Liquid & syrup is forecast to register a faster growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol has the property of high-water solubility. Thus, the liquid and syrup form is widely used in applications in pharmaceuticals and personal care. The liquid form of isomalt is consumed more than its powder or crystal for food processing. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/452806/ibb The market is characterized by the presence of various well-established players and several small and medium players. In April 2020, Ingredion launched ERYSTA, a polyol sweetener in Europe, the Middle East, and Africa (EMEA) region. This ERYSTA allows food and beverage manufacturers to produce products to reduce or replace table sugar. The sugar alcohol manufacturers are aggressively following the organic as well as inorganic strategies to expand their footprints across the geography. Some of the prominent players in the sugar alcohol market include:
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