Global Polyol Sweeteners Market to Surpass US$ 3160 Mn by 2029
The global polyol sweeteners market is projected to reach US$ 3160 Mn by the end of 2029. The market was valued at US$ 1987 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of X% between 2019 and 2029. The market is driven by economic factors that affect demand for polyol sweeteners, increased consumer demand for low calorie and safer food and beverage items, and increased awareness of the functionality of polyol sweeteners in pharmaceutical applications.
Key Research Findings
- Polyol has experienced increased use in foods and ingredients requiring the preservation of lighter colours such as cookies, marshmallows and custards because, unlike sugar, they typically do not give the baked product a brown surface.
- Rising consumer supply of powder and/or crystalline products is expected to drive demand.
- The use of crystalline polyols such as maltitol, isomalt, and lactitol is far simpler compared to the liquid type.
- Growing preference of artificial sweeteners over sugar in the majority of the population because of health issues such as diabetes, PCOD / PCOS, weight control coupled with rising demand from end-use industries such as pharmaceuticals, food & beverages, bakery & confectionery are expected to drive market growth.
Key Factor(s) Influencing the Polyol Sweeteners Market:
Rising Prevalence of Diabetes: Rising incidence of diabetes and other sugar-related disorders has prompted consumers to reduce their free sugar intake. Consequently, as substitutes, the demand for polyol sweeteners such as sorbitol, erythritol, maltitol, isomalt and xylitol has augmented. This is anticipated to leverage the market prospects for polyol sweeteners in the future.
COVID-19 Impact Analysis on Market
The virus, which has now infected several hundred people around the world, has been sending warning bells through global financial markets. When trade gets disrupted and commodity demand in China becomes low, Indian businesses are also likely to feel the heat. This could also have an effect on the financial markets. With the authorities concerned focusing on containment measures, news reports say that over the next few weeks, the outbreak could reach a plateau.
While health scare is nothing short of a black swan occurrence, there will be short-lived uncertainty and panic on the financial markets. Consumer and company trust plummeting has dealt a sharp blow to prospects for growth in the near term. In addition to the epidemic's rapidly rising human toll, we are heading towards a period of unparalleled downturn in economic activity, and consequently in financial asset prices.
These are bound to cause disruptions in the polyol sweeteners market both in Asia Pacific and elsewhere. Given the scenario, it is of primary importance that companies review their growth strategies and review their targets to sustain during the impending recession.
Polyol Sweeteners Market Structure Analysis
Key participants in the market are Cargill, Archer Daniels Midland Company, E.I. Du Point De Nemours and Company, Batory Foods, Roquette Frères S.A., Ingredion Incorporated, Tereos Starch & Sweeteners, and Südzucker AG. Consumers have been more concerned with the food they consume, owing to the recent coronavirus outbreak. Their desire to eat and live healthily would improve sales in the overall industry.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Mn
Origin, Form and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Cargill, Sweeteners plus, Fooding Group, Zibo Shuohui Chemical Co Ltd, Splenda, now Real Food, Truvia, Stevi0cal, and Sweet sante
Revenue forecast, company share, competitive landscape, growth factors, and trends
Pharmaceuticals Forecast to Exhibit Highest CAGR, in Terms of Form Liquid to Emerge Dominant
In many pharmaceutical applications such as syrups, pills, and elixirs, polyol sweeteners are used as a main bodying agent. They are used in syrups because of the inclusion of sugar, to reduce the stickiness of the bottle cap to the bottle. They act as good plasticizers and humectants; this makes them useful in ointments, emulsion ointments and gelatin capsules that are not soluble in fats. The excellent capacity for spreading makes them useful in creams, ointments and pastes. Polyol sweeteners are a substitute for sucrose syrup because they are more resistant to dental decay. The use of polyol sweeteners in counter-medicinal products greatly decreases the risk of dental decay.
Similarly, based on form the global polyol sweeteners market can be segmented into liquid and powder. Of these, the demand for polyol sweeteners in liquid form is expected to remain high through the forecast period. It is also expected to remain dominant in the market.
Asia-Pacific region to Dominate the Polyol Sweeteners Market
Asia Pacific is forecast to dominate the market. The rising demand from countries such as China, Japan, India, Australia and the Rest of Asia Pacific is likely to enable growth in the market. It is the fastest growing market for sweeteners made from polyol. The increase in health problems caused by consumption of sugar-based products and the rise in purchasing power parity in the area are increasing the market for polyols in applications such as oral care and pharmaceuticals.
Asia-Pacific is also of the major production regions of polyol sweeteners; the availability, affordability of these sugar alcohols, and increased understanding of the functionalities and applications of polyol sweeteners will drive this market growth. The majority of the North American region is due primarily to the growing usable intake of food, health education and rising diseases. On the other hand, in the forecast era, Asia-Pacific area is projected to rise at the fastest CAGR due to increased disposable income, increased urbanization, increased prevalence of diabetes & obesity, and increasing demand for safe & natural produce.
* This data is only a representation. Actual data may vary and will be available in report.
Rising Demand for Packaged Food is Driving Market Growth
The rising emphasis on health issues for customers is driving the demand for polyol sweeteners. Therefore polyols with approximately half the calories provided can be used in the same volume as sugar. These are customer friendly because they do not cause the blood glucose levels to rise unexpectedly and are therefore a blessing for diabetic patients. Polyols also do not encourage tooth decay because they are not readily converted into acids by bacteria in the mouth, which is why the FDA has accepted a safety argument that foods sweetened with Polyols ‘ 'do not encourage tooth decay ''. Compared with other chemical sweeteners they were considered to be poor in carcinogenicity and diabetes. The processed food industry is expected to see rapid growth in the near future with urbanisation. However, the production of re-formulated products due to replacement of salt or fat is expected to increase the demand for polyol sweeteners.
Sorbitol segment held the leading market share
Mannitol segment forecast to higher rate of growth
Liquid segment holds dominance
Dry segment to rise at a higher CAGR
How Growth will Unfold
The global demand for polyol sweeteners is driven primarily by increased use of sugar substitutes in food processing, increased inclination toward healthier diets, natural food & low-calorie consumption, and increased use of natural ingredients in nutraceuticals, pharmaceuticals, and cosmeceuticals. In addition, the rising trend in health & wellness, health literacy, evolving lifestyle and the increasing prevalence of various diseases provide significant opportunities in this market.
An increasing number of people suffer from chronic diseases such as diabetes, which has led to increased customer emphasis on improving their habit of consuming food. Customers are now purchasing food items that improve nutritional value and taste, contributing to the development of the demand for polyol sweeteners. For instance, North America witnesses a high prevalence of diabetes and obesity. As a result of this, in addition to high degree of awareness and spending power, consumers are more likely to spend on healthier ingredients. This makes North America a lucrative market for polyol sweeteners.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Polyol Sweeteners Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Polyol Sweeteners market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Polyol Sweeteners market, the growth prospects of the market are obtained with maximum precision.
Polyol Sweeteners Market Taxonomy
The global Polyol Sweeteners market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Bakery & Confectionery
- Oral Care
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Polyol Sweeteners market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Polyol Sweeteners market.
Readers can find the detailed segmentation and definition of the Polyol Sweeteners market in this chapter, which will help them understand basic information about the Polyol Sweeteners market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Polyol Sweeteners market report.
The associated industry assessment of the Polyol Sweeteners market is carried out in this section. The macroeconomic factors affecting growth of the Polyol Sweeteners market are provided in this section and the impact of these macroeconomic indicators on the Polyol Sweeteners market is analyzed. The processing overview and technological advancements in the Polyol Sweeteners market is also provided.
Profit margins at each level of the Polyol Sweeteners market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Polyol Sweeteners market.
The drivers and restraints impacting the growth of the Polyol Sweeteners market are explained in this chapter. Opportunities and ongoing trends in the Polyol Sweeteners market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Polyol Sweeteners market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Type, the Polyol Sweeteners market is segmented into Sorbitol, Erythritol, Maltitol, Isomalt, and Xylitol. In this chapter, readers can find information about key trends and developments in the Polyol Sweeteners market and market attractiveness analysis based on raw material.
Based on Form, the Polyol Sweeteners market is segmented into Powder/Crystal and Liquid/Syrup. In this chapter, readers can find information about key trends and developments in the Polyol Sweeteners market and market attractiveness analysis based on raw material.
Based on Application, the Polyol Sweeteners market is classified into Bakery & Confectionery, Beverages, Dairy, Oral Care, Pharmaceuticals, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Polyol Sweeteners market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Polyol Sweeteners market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Polyol Sweeteners market in Latin America. This chapter also includes growth prospects of the Polyol Sweeteners market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Polyol Sweeteners market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Polyol Sweeteners market.
This chapter includes a detailed analysis of the growth of the Polyol Sweeteners market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Polyol Sweeteners market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Polyol Sweeteners in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Polyol Sweeteners market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Polyol Sweeteners market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Cargill, Incorporated., Archer Daniels Midland Company, Roquette Frères, Ingredion Incorporated, Jungbunzlauer Suisse AG, Gulshan Polyols Ltd, Batory Foods, Food Science Co., Ltd, Dynamic Food Ingredients Corporation, Sweeteners Plus, LLC., GAYATRI, Gulshan Polyols Ltd, Amrut International, Pruthvi's Foods Private Limited., SPI Pharma, Veeni Chemicals., Zhejiang Huakang Pharmaceutical Co., Ltd, Roquette Frères, Mitsubishi Corporation., HYET Sweet., and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Polyol Sweeteners report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Polyol Sweeteners market.
How the research was conducted?
- C - Level Executives
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- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits