Global Sugar Alcohol Market during the forecast period the study also predicts that the biggest market for sugar alcohols will be in Asia-Pacific excluding Japan (APEJ). According to survey results, the APEJ sugar alcohol market’s expected value by the end of 2017 was close to $500 million.Persistence Market Research predicts that in the near future, there will be a steady increase in the market for sugar alcohols. However, regulatory obstacles and difficulties obtaining raw materials will significantly limit the production of sugar alcohol worldwide.
According to the forecast study, global sales of sugar alcohols are expected to reach close to US$ 1.4 billion by the end of 2026. It also predicts a sluggish CAGR of 2.1%.
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The FDA continues to present a positive perspective on the expanding adoption of sorbitol in the manufacture of foods and pharmaceuticals. Sorbitol is among the range of sugar alcohols and is expected to achieve the greatest sales in the global sugar alcohol market through 2026. Additionally, the growing usage of sorbitol as a sugar derivative in beverage production has contributed to its expanding sales in the world market for sugar alcohols. According to the analysis, sorbitol sales would contribute more than US$ 550 Mn to the global market for sugar alcohols by the end of 2026.
The report further estimates that a majority of sugar alcohols will be used in the food & beverage industry. The high demand for sugar alcohols among food & beverage companies is pegged to translate into more than US$ 1 Bn in revenues in the global market. The study also estimates that direct sales of sugar alcohols will gain traction towards the end of the forecast period, accounting for nearly 20% of global market revenues.
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Global Sugar Alcohol Market: Key Producers
The report has profiled the leading players in global sugar alcohol market, which include MacAndrews & Forbes Incorporated, Tate & Lyle PLC, Niutang Chemical Ltd., DuPont, Cargill, Incorporated, Ajinomoto Co., Inc., Archer Daniels Midland Company, Symrise AG, Nestlé S.A., Associated British Foods PLC, Wilmar International Limited, Ingredion Incorporated, Roquette Frères, and American Sugar Refining, Inc.. These companies are poised to work on lowering the emission of volatile by-products, or repurposing them in the production of additives.
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Market Taxonomy
The report has segmented the global sugar alcohol market on the basis of product-type, end-use, application, and region. Additional information on cross-segmental analysis and country-based market size forecast have been provided in the report.
Region
-
- North Americ
- Latin America
- Europe
- Japan
- APEJ
- MEA
Product Types
-
- Sorbitol
- Mannitol
- Xylitol
- Maltitol
- Lactitol
- Erythritol
- Isomalt
- Other Product Types
End User
-
- Food and Beverages
- Pharmaceuticals
- Direct Sales
- Other Applications
Application
-
- Bakery Goods
- Sweet Spreads
- Confectionery and Chewing Gums
- Beverages
- Dairy Products
- Others
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