Global Sugar Alcohol Market Size, Share, Growth Analysis, By Type(Sorbitol and Mannitol), By Application(Food and Beverages, Pharmaceuticals)

Description

Global Sugar Alcohol Market size was valued at USD 3.43 billion in 2021 and is poised to grow from USD 3.98 billion in 2022 to USD 6.39 billion by 2030, at a CAGR of 6.1% during the forecast period (2023-2030).

The global sugar alcohol market is poised for substantial growth in the coming years, driven by an escalating demand for low-carbohydrate options and a rising global emphasis on health-conscious consumer choices. This surge is attributed to an increasing preference for healthier food and beverage alternatives. Additionally, the surge in obesity and diabetes rates globally further propels the market for sugar alcohol products. Sugar alcohols, organic compounds derived from sugars featuring a hydroxyl group attached to a carbon atom, are key players in this market. Commonly utilized sugar alcohols encompass sorbitol, mannitol, xylitol, maltitol, glycerol, lactitol, arabitol, erythritol, isomalt, and hydrogenated starch hydrolysates (HSHs). Widely employed as low-calorie sweeteners, these sugar alcohols find applications in producing sugar-free or low-sugar items such as food additives, toothpaste, medications, and beverages. The growing awareness of the adverse effects of excessive sugar consumption prompts consumers to seek alternative sweeteners that deliver a similar taste without the associated health risks. Sugar alcohols present an appealing solution by mimicking the taste of sugar, offering reduced calorie content, and exerting a lower impact on blood sugar levels.

Segments covered in this report

Global Sugar Alcohol Market is segmented by type, application, and region. Based on type, the market can be segmented into sorbitol, and mannitol. Based on application, the market is segmented into food and beverages, pharmaceuticals, and personal care and cosmetics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers:

Increasing prevalence of obesity

A key factor propelling the global sugar alcohol market is the growing prevalence of obesity and diabetes on a global scale. With the persistent escalation of these health issues, consumers are proactively exploring healthier substitutes for sugar. Sugar alcohols emerge as a practical solution, serving as low-calorie sweeteners that enable individuals to indulge their sweet preferences without the detrimental health effects linked to excessive sugar intake. This driver is fostering an increased demand for sugar alcohol products across diverse sectors, including the food and beverage industry, pharmaceuticals, and personal care.

Restraints:

High consumption of sugar alcohols

One significant limitation affecting the global sugar alcohol market is the possible laxative impact linked to excessive consumption of these compounds. High intake of sugar alcohols can result in gastrointestinal discomfort for some individuals, manifesting as bloating, diarrhea, and flatulence. This potential side effect restricts the quantity of sugar alcohols that can be utilized in specific food and beverage formulations, as an overabundance may cause digestive disturbances. Therefore, manufacturers need to meticulously assess dosage thresholds and consumer tolerance levels to ensure a harmonious and comfortable consumption experience when integrating sugar alcohols into their products.

Market Trends:

A prominent trend observed in the worldwide sugar alcohol market is the escalating interest in natural and plant-based alternatives to sugar alcohols. Consumers are progressively inclined towards products that adhere to their preferences for ingredients with natural and clean labels. This shift in consumer behaviour is compelling manufacturers to create sugar alcohols derived from plant-based sources, including fruits and vegetables. Moreover, the increasing preference for organic and sustainable food choices has contributed to a heightened demand for natural sugar alcohols. In response to this evolving consumer demand, market participants are concentrating on innovation and product development initiatives.

Product Code: SQMIG15B2086

Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
- Regulatory Landscape
- Porters Analysis
  - Competitive rivalry
  - Threat of Substitute Products
  - Bargaining Power of Buyers
  - Threat of New Entrants
  - Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
  - Political Impact
  - Economic Impact
  - Social Impact
  - Technical Impact
  - Environmental Impact
  - Legal Impact
Global Sugar Alcohol Market by Type
- Market Overview
- Sorbitol and Mannitol
Global Sugar Alcohol Market by Application
- Market Overview
- Food and Beverages
- Pharmaceuticals
- and Personal Care and Cosmetics
Global Sugar Alcohol Market Size by Region
- Market Overview
- North America
  - USA
  - Canada
- Europe
  - Germany
  - Spain
  - France
  - UK
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Rest of Asia-Pacific
- Latin America
  - Brazil
  - Rest of Latin America
- Middle East & Africa (MEA)
  - GCC Countries
  - South Africa
  - Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
  - By Development
  - By Company
  - By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- Roquette Freres (France)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Ingredion Incorporated (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Cargill, Incorporated (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Archer Daniels Midland Company (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- DuPont Nutrition & Biosciences (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Tereos (France)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Sudzucker AG (Germany)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Mitsubishi Corporation (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Gulshan Polyols Ltd. (India)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Jungbunzlauer Suisse AG (Switzerland)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- DFI Corporation (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Xylitol Canada, Inc. (Canada)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Zhejiang Huakang Pharmaceutical Co., Ltd. (China)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Shandong Longlive Bio-Technology Co., Ltd. (China)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Ecogreen Oleochemicals GmbH (Germany)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Sukhjit Starch & Chemicals Ltd. (India)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Merck KGaA (Germany)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- HYET Sweet (Netherlands)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Ingredion UK Limited (UK)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- The NutraSweet Company (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments

Global Sugar Alcohol Market Size, Share, Growth Analysis, By Type(Sorbitol and Mannitol), By Application(Food and Beverages, Pharmaceuticals) - Industry Forecast 2023-2030