Global Sugar Alcohol Business Analysis Report 2024: Market expected to reach $1.4 billion by 2030

sugar alcohol market

DUBLIN, May 15, 2024 (Globe Newswire) — The 'Sugar Alcohols – Global Strategic Business Report' report has been added. ResearchAndMarkets.com Recruitment.

Global sugar alcohol market to reach $1.4 billion by 2030

The global market for sugar alcohols, estimated at USD 1.2 billion in 2023, is projected to reach an adjusted size of USD 1.4 billion by 2030, at a CAGR of 2% over the analysis period 2023-2030. grow in

The global sugar alcohol market is steadily growing due to its use in diverse fields, creating sustained opportunities. Increasing awareness of the benefits offered by sugar alcohols has increased their appeal and image as sugar-free sweeteners. Sugar alcohols are gaining popularity as sugar substitutes, especially in areas of increasing health consciousness.

The market share percentage of the global major competitors in 2024 is provided for further insight into the market dynamics. Sorbitol, one of the segments analyzed in the report, recorded a CAGR of 2.4% and is expected to reach USD 832.3 million by the end of the analyzed period. The growth of the mannitol sector is estimated at 1.9% CAGR over the next seven years.

The US market is estimated at $339.2 million, while China is projected to grow at a CAGR of 3.5%

While Europe and the United States remain important markets, developing regions, particularly Asia-Pacific, are expected to lead the growth. In the competitive scenario, Chinese companies are expected to aim to expand their market reach while Western companies retain a significant share.

The US sugar alcohol market is estimated to be USD 339.2 million in 2023. China, the world's second largest economy, is expected to reach a market size of USD 270.9 million by 2030, trending at a CAGR of 3.5% YoY. The analysis period is from 2023 to 2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 1.2% and 1.8%, respectively, over the 2023-2030 period. Within Europe, Germany is expected to grow at a CAGR of approximately 1.4%. The Asia-Pacific market is expected to reach USD 178.7 million by 2030, led by countries such as Australia, India, and South Korea.

Key attributes:

Market overview

• Insights into the influencer market

• Global market trajectory

• Latest information on the world economy

• Sugar alcohols: an introductory prelude

• Recent market activity

• The global sugar alcohol market is on a steady growth trajectory

• Use cases across diverse sectors create sustainable opportunities

• Increasing awareness of benefits Improving the appeal and image of sugar alcohols

• Sugar alcohols are gaining popularity as sugar-free sweeteners.

• Developing regions leading growth

• Asia Pacific region evolves into core regional market

• Europe and the United States – important markets for sugar alcohols

• competitive scenario

• Western companies enjoy a fair share of the market

• Chinese companies aim to expand market

• Sugar Alcohols – Market Share Percentage of Global Major Competitors in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2024

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Market trends and drivers

• Food and confectionery: largest end-use sector

• Explosive demand for food additives creates huge opportunities

• Sugar-free confectionery has a bright future

• Sugar-free chewing gum containing polyols gains popularity

• Consumption is increasing due to the sudden rise in image as a “tooth-friendly” sweetener

• High cost of living drives sales

• Vibrant opportunities with added value

• The value of gum recognized by industry leaders

• Energy bars: pocket-sized powerhouses

• Chocolate is no longer just for kids

• Investing in processing technology to win the competition

• Increasing use of polyols in pharmaceuticals

• New pharmaceutical applications of polyols under research

• Growing demand for personal care and cosmetic products

• Registration and legality of the use of polyols in cosmetics and toiletries

• Sorbitol – the most widely used polyol-based sweetener

• Erythritol: Better Digestion Profile

• Xylitol attracts attention as a major sugar substitute

• Mannitol, maltitol and isomalt generate profits

• Alarming rise in global obesity levels drives demand for sugar alcohols

• Summary of facts about obesity

• Increasing diabetes prevalence – key growth factor

• Maltitol and fructooligosaccharides reduce blood sugar response – new study

• Favorable demographic and socio-economic trends will drive

• Expansion of gray population

• Rise of the middle class

• urban sprawl

• Increase in disposable income

• Controversial polyol production and its health effects: important limitations

• Utilization of microorganisms for the production of polyols

Focus on carefully selected players(23 posts in total)

• A&Z Food Additives Co., Ltd.

• Archer Daniels Midland Company

• Related British Foods

• Atlantic Chemicals Trading GmbH (ACT)

• Beckman Kenko GmbH

• Cargill Corporation

• Dow Corporation

• Fraken Biochem Co., Ltd.

• Ingredion Co., Ltd.

• rocket flail

• Sanxinyuan Food Industry Co., Ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/3y3ypf.

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