The global sugar alcohol market size is projected to reach USD 6.7 billion by 2027, driven by the increasing demand for gluten-free foods worldwide. Fortune Business Insights' latest report provides "Sugar Alcohols Market Size, Share and Industry Analysis, By Type (Sorbitol, Xylitol, Maltitol, Erythritol, Isomalt), By Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care)" It is titled. , and regional forecasts, 2020-2027. The market value in 2019 was $3.61 billion and from 2019 to 2027 he predicts his CAGR to be 7.75%.

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Source: https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956

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Sugar alcohols, also known as polyols, are rapidly emerging as sugar replacements. Although it is similar to sugar in terms of texture and taste, it contains far fewer calories and poses fewer health risks when ingested. In addition to this, several studies have shown that consumption of polyols may lead to improved health for consumers. Additionally, they are hybrids of sugar and alcohol molecules and are present in some fruits and vegetables. Organic polyols exist, but few are processed from sugars such as cornstarch or glucose.

What does the report include?

The market report includes a thorough study of several factors such as drivers, restraints, challenges, and opportunities that will influence the growth of the market in the coming years. The report covers regional demographics including qualitative and quantitative information about the regions further segmented into countries contributing to market growth from 2020 to 2027. Additionally, the competitive environment including information for several countries is thoroughly discussed. Players active in the market. Additionally, it also includes information regarding the adoption of strategies such as mergers and acquisitions, collaborations, partnerships, and joint ventures by companies that will drive market growth during the forecast period.

Driver and restraints:

Demand for gluten-free foods increases to boost growth

Gluten-free foods are becoming increasingly popular among people around the world. The various benefits offered by a gluten-free diet, including improved cholesterol levels, improved digestive health, increased energy levels, and accelerated weight loss, have led companies to launch products that spearhead the diet's popularity. It has become. Glucose syrups containing polyols such as maltitol and sorbitol are widely used in several regions. Additionally, rising demand for corn-based glucose syrups, which are considered to be gluten-free, is expected to drive market growth during the forecast period.

Regional analysis:

Europe will continue to maintain its advantage. High demand for sugar-free confectionery products driving growth

Among the regions, Europe will continue to emerge at the forefront and is expected to record the highest revenue in the global sugar alcohols market during the forecast period. Moreover, the region recorded a high market share of USD 1.23 billion in 2019 and is expected to further increase its market share on the back of the growing demand for sugar-free confectionery products among the population. Additionally, fast-paced lifestyle has increased the consumption of processed foods in several European countries, driving market growth. Meanwhile, North America is expected to become her second major region in the coming years. This is due to factors such as the increasing prevalence of diabetes in the United States. Additionally, the widespread impact of COVID-19 in the region is expected to increase the demand for hand sanitizers and drive the market demand during the forecast period.

The Asia Pacific market is expected to witness significant growth in the coming years. This is due to factors such as the presence of a large population in the area. Additionally, high production of polyols in countries such as China and India also contributes to the market growth.
Competitive environment:

Companies working together to promote growth in response to COVID-19

According to the report, the market consists of several small and medium-sized enterprises striving to capture the maximum market share by strengthening their positions during the forecast period. In addition to this, both companies are working with each other to combat the global pandemic COVID-19 and mitigate threats to get the economy back on track. For example, in March 2020, amidst the widespread impact of the coronavirus, which caused a shortage of hand sanitiser, Gull New Zealand, a well-known oil company, purchased over 340,000 liters of ethanol to produce hand sanitiser. announced that it will supply sugar alcohols. . The move is expected to fill the gap created by the shortage of hand sanitisers in some regions, which is proving beneficial in fighting the pandemic.

List of companies active on the market:

Archer-Daniels-Midland Co. – Cargill , Illinois , USA –
Ingredion Incorporated, USA –
Rocket Flair, USA –
France Tereos Starch & Sweeteners sas –
Francstate & Lyle plc –
Pfizer, UK –
Lonza Group, USA –
SPI Pharma, Switzerland – USA
Merck KGaA – Germany