PUBLISHER: The Business Research Company | PRODUCT CODE: 1486800
PUBLISHER: The Business Research Company | PRODUCT CODE: 1486800
Xylitol is a naturally occurring sugar alcohol used as a sweetener in various foods and oral care products. It is found in small amounts in fruits and vegetables and can also be produced industrially from sources such as birch bark. Xylitol contains fewer calories and has a lower glycemic index, making it a popular alternative sweetener for people looking to reduce their sugar intake or manage blood sugar levels. Xylitol also improves dental health, possesses antioxidant property and prevents ear infections.
The xylitol market consists of sales, by entities (organizations, sole traders and partnerships), of xylitol that is used as a sweetener in various food and beverage products, as well as in oral care products like toothpaste and chewing gum and even shows potential as a non-petrochemical source for biodegradable polymers. It is a versatile ingredient used in various industries, including food and beverage, oral care, pharmaceuticals and personal care.
The global xylitol market was valued at $838.42 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Increased Prevalence Of Diabetes
The increasing prevalence of diabetes drove the growth of the xylitol market in the historic period. A large portion of the population is preferring low sugar options to manage their diabetes and obesity conditions. Many individuals are switching from refined table sugar and high-fructose corn syrup to natural sweeteners because they are a healthier alternative to refined sugars and can help people lose weight. For instance, in 2022, according to Centers for Disease Control and Prevention, a US-based national public health agency, around 37.3 million people were suffering from diabetes which equals 11.3% of the United States population. Additionally, according to the International Diabetes Federation's (a Belgium-based leading global diabetes community) December 2021 report, approximately 537 million adults were suffering from diabetes globally, whereas 3 out of 4 adults were in low- and middle-income countries. Therefore, the increasing prevalence of diabetes drove the xylitol market.
Introduction Of Oat-Derived Xylitol For Diverse Applications
Companies in the xylitol market are focusing on new product launches, such as oat-derived xylitol, for diverse applications. Oat-based xylitol not only serves as a sugar substitute but also finds applications in food, cosmetics and pharmaceutical industries, making it a versatile and desirable ingredient. For instance, in April 2022, Fazer, a Finland-based food and beverages manufacturer, unveiled the pioneering oat-derived xylitol, marking a revolutionary breakthrough that converts oat hulls into an eco-friendly sweetener boasting distinctive cooling and hydrating characteristics. This method of xylitol production utilizes oat hull byproducts sourced from Fazer's oat mill in Lahti, Finland, demonstrating a circular economy approach aimed at minimizing waste and lowering the carbon footprint. The oat-derived xylitol not only functions as a sugar alternative but also finds diverse applications across the food, cosmetics and pharmaceutical sectors, rendering it a versatile and sought-after ingredient. Additionally, Fazer's patented technology for producing oat-based xylitol can be licensed to other oat mills, facilitating broader global access to this innovative sweetener and encouraging its adoption on a larger scale.
The global xylitol market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up 16.94% of the total market in 2022.
Xylitol Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global xylitol market as it emerges from the COVID-19 shut down.
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 history and forecasts market growth by geography. It places the market within the context of the wider xylitol market; and compares it with other markets.