Market Analysis
The polyol sweeteners market is predicted to touch USD 3.6 billion at a 6% CAGR between 2020-2027, reveals the latest Market Research Future (MRFR) report. Polyols are sweeteners having reduced caloric content. They are generally produced from sugar ingredients or corn/corn derivatives. It is highly appreciated for its low glycemic index and lower caloric value. Polyol sweeteners have an extensive range of applications, including dairy, beverages, pharmaceuticals, oral care, bakery and confectionery, among others.
Various factors are propelling the polyol sweeteners market growth. These factors, as stated by the latest Market Research Future (MRFR) report, include increasing prevalence of different diseases, changing lifestyle, growing health consciousness, growing health and wellness trend, and the rising use of functional ingredients in cosmeceuticals, pharmaceuticals, and nutraceuticals. Additional factors pushing market growth include low-calorie and functional food consumption, increasing inclination for a healthy diet, rising use of sugar substitutes in food industries, and rising per capita disposable income.
On the flip side, high product cost may hamper the Polyol Sweeteners Market growth over the forecast period.
Market Segmentation
The Market Research Future report provides an all-inclusive segmental analysis of the polyol sweeteners market on the basis of form, application, and type.
Based on type, the polyol sweeteners market is segmented into maltitol, isomalt, sorbitol, erythritol, xylitol, and others. Of these, the sorbitol segment will have the maximum share in the market during the forecast period. The key factor attributing to the growth include the increasing demand in personal care and cosmetics as an artificial sweetener. Sorbitol is used to retain moisture and as an artificial sweetener and flavoring agent in personal care and cosmetics. Besides, it is also used for regulating bowel movement by working as a laxative as well as drawing water into large intestines.
Based on form, the polyol sweeteners market is segmented into liquid and solid. Of these, the solid segment will dominate the market over the forecast period as solid polyols sweeteners are both easy to manufacture as well as use in various food and beverage applications. Moreover, they incur less transportation price, need less space, and can be easily handled compared to the liquid version.
Based on application, the polyol sweeteners market is segmented into personal care, pharmaceuticals and nutraceuticals, food and beverages, and others. The food beverage segment is again segmented into sweet and savory snacks, beverages, dairy and frozen desserts, bakery and confectionery, and others. Of these, the food beverage segment is predicted to lead the market over the forecast period owing to the burgeoning demand for bakery confectionery products. Moreover, the growing preference of consumers for low-calorie products is also adding to the growth of the segment.
Regional Analysis
By region, the polyol sweeteners market report has been segmented across the Asia Pacific, North America, Europe, and the Rest of the World. Among these, the European region will dominate the market over the forecast period chiefly on account of the growing preference for products that have low-calorie and consumers increasing health awareness.
The polyol sweeteners market in the APAC region is predicted to have an impressive growth during the forecast period chiefly for the increasing awareness among consumers about the benefits of taking low-calorie products and affordability as well as easy availability of such sweeteners.
The polyol sweeteners market in North America is predicted to have a healthy growth while that in the RoW is projected to have a stable growth during the forecast period.
Key Players
Key polyol sweeteners market Players profiled in the polyol sweeteners market report include Jungbunzlauer Suisse AG (Switzerland), Novagreen Inc. (Canada), DFI Corporation (US), Fraken Biochem (China), Archer Daniels Midland Company (US), Beckman Kenko (Germany), Cargill (US), Südzucker (Germany), American International Foods Inc. (US), Gulshan Polyol Limited (India), Batory Foods (US), Roquette Freres S.A. (France), Mitsubishi Shoji Foodtech Co., Ltd. (Japan), Tereos (France), DuPont de Nemours (US), and Ingredion Incorporated (US). Key players have used several strategies to stay ahead in the competition, such as joint ventures, distribution agreements, acquisitions, mergers, product launches, and innovations.
Industry News
September 2019: Singapore based café, Camaca sells sugar-free desserts made of sugar alcohols such as erythritol, maltitol, trehalose, and isomaltitol. Some of their signature products include pound cakes, tartlets, gelato, and brownies.
