With the rapidly rising cases of obesity and diabetes around the world, consumers have become increasingly health conscious in terms of diets, which has resulted in the transition towards sugar alcohols in food and beverage formulations instead of conventional sweeteners. Low-calorie, nutritive sugar alcohol products are gaining popularity in the global urban demographic, who are more prone to lifestyle-based ailments.
According to Future Market Insights, despite the threat of the Covid-19 pandemic, the global sugar alcohol market is expected to surpass a billion-dollar valuation, rising at a steady CAGR through the forecast period from 2020 – 2030.
Sorbitol Key to Revenue Generation
Sorbitol continues to be one of the top-selling products in the sugar alcohol market. While the ongoing coronavirus outbreak is expected to hurt short-term prospects, the overall growth rate will largely remain steady through 2030.
Sorbitol finds extensive use in low-calorie food and beverages including dairy products, confectionery and more. Xylitol is also expected to reflect strong growth on the as a sucrose replacement, despite having a higher product cost. Other sugar alcohol variants are finding niche roles in the pharmaceutical and personal care sector.
Bakery and Confectionary Applications Driving Revenues
Sugar alcohols are used extensively in bakery and confectionery. Applications as alternatives to sugar, and use as humectants, texturizers, and moisture retention is expected to have a positive impact on the market in the long term, especially for consumers seeking healthier ingredients in varied end product offerings.
Sales of bakery and confectionery products have fallen during the Covid-19 pandemic. However, sales are likely to recover and remain positive through the rest of the forecast period. Growth has been bolstered by potential applications in nutrition and functional food and beverage formulations.
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Sales to Remain Strong in Europe
Europe is a major, fast-growing market for sugar alcohol. High levels of sales for confectionery products, and increased consumer awareness about sugar alternatives, and sugar-free formulations of processed foods and beverages in the region, especially among urban populations will support long-term growth.
North America is second only to Europe in the consumption of sugar alcohols. The growth of the market in the region can be attributed to the relatively higher user of hand sanitizers and the widespread prevalence of obesity and diabetes, especially in the United States. These regions are likely to be marginally impacted by the covid-19 crisis and growth is likely to recover by 2021.
Sugar Alcohol Market – Key Players
- Tate & Lyle Plc.
- Archer Daniels Midland Company
- Ingredion Incorporated
- Cargill, Inc.
- Roquette Freres
- MacAndrews & Forbes Incorporated
- Mitsubishi Shoji Foodtech Co. Ltd.
- Bernard Food Industries
- BENEO GmbH
- Associated British Foods plc
- Lonza Group
- Atlantic Chemicals Trading GmbH
- SPI Pharma
- Wholesome Sweeteners
*This list is only indicative- full list of sugar alcohol market players is available upon request.
These players have been largely investing in expansion of production capacities in addition to research and development to expand product portfolios with nutritive, low-calorie offerings in compliance with regulatory standards to keep up in a fragmented, competitive environment, for a wide range of applications including food and pharmaceuticals for long term growth.
Sugar Alcohol Market- Report Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa
Key Countries Covered
U.S., Canada, Brazil, Mexico, Germany, France, Spain, U.K., BENELUX, Nordics, Russia, Poland, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC, and South Africa
Key Segments Covered
Product Type, End User, Application, and Region
Key Companies Profiled
Market Overview, Key Trends, Success Factors, Demand Analysis, Market Background, COVID-19 Impact Analysis, Segmental Analysis, Regional Profiling, Market Structure Analysis & Competition Analysis
Customization & Pricing
Key questions answered in the report
- What is the outlook for sugar alcohol market?
FMI’s analysis on the global sugar alcohol market has projected the growth trajectory of the industry to be positive, expanding at a moderate rate throughout the forecasting period from 2020 to 2030. The demand is expected to slump moderately until 2021 owing to the COVID-19 pandemic.
- Which are key applications of sugar alcohols?
The bakery and confectionery segments are poised to be the major source of revenue for sugar alcohol market players in the years ahead. Growth is largely attributed to a substantial increase convenience food consumption. Moreover, sugar alcohols and finding roles in low-calorie applications.
- Which is the most widely used sugar alcohol?
Sorbitol is anticipated to be an extensively used sugar alcohol in ready-to-eat and ready-to-drink food and beverages production. Sorbitol meets safety standards in food applications, is non-carcinogenic, is good for diabetics, minimizes the risk of tooth decay, and has a low-calorie value driving growth.
- Which is the largest market for sugar alcohol globally?
Europe is estimated to be the leading market for sugar alcohols. Demand is likely to remain strong owing to confectionery applications in the region throughout the forecast period.
- What is COVID-19’s impact on the sugar alcohol market?
FMI has revised prior growth projections, setting valuations at lower levels as compared to the pre-pandemic times. This slump is a result of reduced spending on bakery and confectionery items in favor of essential commodities during the crisis.
This drop in demand is likely to continue until 2021, even as applications in pharmaceutical and sanitizer production will help sustain short-term market prospects.
- Which are the prominent players in the sugar alcohol market?
Prominent players associated with the production and manufacturing of sugar alcohol for several application areas are: Tate & Lyle Plc, Archer Daniels Midland Company, Cargill Inc., DuPont, Roquette Freres, Ingredion Incorporated, and Mitsubishi Shoji Foodtech Co. Ltd. among others.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the sugar alcohol market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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- Food & Beverages
- Bakery Goods
- Sweet Spreads
- Confectionery & Chewing Gum
- Dairy Products
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, & Rest of Latin America)
- Europe (Germany, Italy, France, Spain, U.K., BENELUX, Nordic, Russia, Poland, & Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
- East Asia (China, Japan, & South Korea)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC, Southern Africa, and Rest of MEA)