PUBLISHER: The Business Research Company | PRODUCT CODE: 1436815
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436815
Xylitol is a calorie-free sugar substitute with a low glycemic index that improves dental health, has antioxidant properties, and prevents ear infections.
The main types of xylitol include wood fibrous sweetener, birch xylitol, corn xylitol, and others. Wood fibrous sweeteners are derived from the xylan-rich portion of hardwoods and are utilized in various products such as meats, prepared food, pharmaceuticals, pet food, and animal feed. Xylitol is available in different forms, including solid and liquid, and is used in a wide range of applications, including food and beverages, oral hygiene products, cosmetics and toiletries, pharmaceuticals, and others.
The xylitol market research report is one of a series of new reports from The Business Research Company that provides xylitol market statistics, including xylitol industry global market size, regional shares, competitors with a xylitol market share, detailed xylitol market segments, market trends and opportunities, and any further data you may need to thrive in the xylitol industry. This xylitol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The xylitol market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to the increasing awareness of health and wellness, rising incidence of diabetes, concerns about weight management, growing awareness of dental health, and consumer demand for natural sweeteners.
The xylitol market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The projected growth in the forecast period is driven by the continued focus on reducing sugar content in food and beverages, the expansion of the functional food and beverage market, the rising popularity of keto and low-carb diets, increased availability of xylitol in various forms, and its application in pharmaceuticals and nutraceuticals. Major trends expected in this period include innovation in xylitol-based products, its emergence in personal care products, a focus on sustainable and naturally sourced xylitol, its application in pet care products, and an increasing market penetration in the Asia-Pacific region.
The anticipated surge in the demand for sugar-free confectionery is set to drive the growth of the xylitol market in the upcoming years. Heightened awareness regarding the adverse effects of excessive sugar intake has prompted individuals to seek sugar-free alternatives as part of a conscious effort towards healthier eating habits. This increasing emphasis on avoiding sugar in everyday diets has spurred the adoption of natural alternative sweeteners such as xylitol and stevia. For instance, in 2021, Forbes reported a notable 55% year-over-year revenue increase for Lily's Sweets, a US-based company specializing in sugar-free chocolate. This growth trend underscores the escalating demand for sugar-free confectionery, thereby propelling the expansion of the xylitol market.
The anticipated increase in diabetes cases worldwide is poised to drive the expansion of the alpha-xylitol market in the coming years. Diabetes, a chronic metabolic condition characterized by elevated blood glucose levels, poses significant risks to the heart, blood vessels, eyes, kidneys, and nerves over time. People managing diabetes often opt for xylitol as a sugar substitute due to its low glycemic index, allowing them to better regulate blood sugar levels while satisfying their sweet cravings. For instance, based on data from the International Diabetes Federation (IDF) in November 2022, approximately 537 million adults globally (equivalent to 1 in 10) were living with diabetes. Moreover, projections indicate that the global prevalence of diabetes will rise by 643 million individuals by 2030 and 783 million by 2045. Consequently, the increasing prevalence of diabetes worldwide is a driving force behind the growth of the xylitol market.
An emerging trend in the xylitol market is the increasing investment by major companies to strengthen their position. For example, in September 2022, Fazer Group, a Finland-based food company, announced a significant investment of $315 million (€300 million) over the past three years for the commercial production of xylitol. This investment focuses on upcycling oat hulls, which contain a high amount of xylose, a key ingredient in xylitol production. Additionally, the company is exploring opportunities to market its xylose extraction method to businesses with substantial oat mills. This strategic investment demonstrates Fazer Group's commitment to expanding its presence and capabilities in the xylitol market.
Leading companies in the xylitol market are embracing a strategic partnership approach to provide green hydrogen for xylitol production. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in November 2023, P2X Solutions, a Finland-based hydrogen technology company, entered into a partnership with Danisco Sweeteners Ltd., a UK-based food industry company. Through this collaboration, the companies aim to collaborate on supplying green hydrogen for xylitol production at Danisco Sweeteners' Kotka factory. The xylitol produced at Danisco's Kotka factory, marketed under the brand name XIVIA, will gain enhanced sustainability through the use of green hydrogen supplied by P2X Solutions.
In December 2021, Whole Earth Brands, Inc., a US-based food company, acquired Wholesome Sweeteners for an undisclosed sum. This acquisition expands Whole Earth's diverse portfolio of trusted brands and delicious products, catering to the growing consumer demand for natural and plant-based dietary options, baking ingredients, and flavor profiles. Wholesome Sweeteners Incorporated, also based in the US, specializes in organic sweeteners.
Major companies operating in the xylitol market report are Cargill Inc., Archer Daniels Midland Company, Merck KGaA, Dupont Nutrition & Health, Ingredion Incorporated, Shandong Longlive Bio-Technology Co. Ltd., Roquette Freres SA, Thomson Biotech (Xiamen) Co. Ltd., Futaste Pharmaceutical Co. Ltd., AVANSCHEM, Jiangsu Linhai Biotechnology Co. Ltd., DFI Corporation, Zhejiang Huakang Pharmaceutical Co. Ltd., Fortress Global Enterprises Inc., Nova Green Inc., Shandong Futaste Co. Ltd., Herboveda, Spectrum Chemical Mfg. Corp., Shandong Lujian Biological Technology Co. Ltd., Zuchem Inc., Xlear Inc., Foodchem International Corporation, Dynamic Food Ingredients Corporation, O'laughlin Industries Co. Ltd., Danisco Sweeteners Oy, CSPC Shengxue Glucose Co. Ltd., Hangzhou Shouxing Bio-Technology Co. Ltd., Yuxin Xylitol Technology Co. Ltd., Mitsubishi Shoji Foodtech Co. Ltd., Yusweet Xylitol Technology Co. Ltd.
North America was the largest region in the xylitol market in 2023. Europe was the second-largest region in the xylitol market report. The regions covered in the xylitol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the xylitol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The xylitol market consists of sales of birch xylitol, wood fibrous sweetener, corn xylitol, and other xylitol. It is a naturally occurring alcohol, usually found in fruits and vegetables. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Xylitol Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on xylitol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for xylitol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The xylitol market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.