The global sugar alcohols market will be driven by growing awareness of the drawbacks of sugar consumption during the forecast period 2022-2027
Expert Market Research’s new report titled “Global Sugar liquor market Report and Forecast 2022-2027′, gives an in-depth analysis of the global sugar alcohol market, assessing the market based on its segments such as major type, form, application, and regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 5.92%
Consumers increasingly prefer nutritious low-sugar and sugar-free snacks for their nutritional benefits. Rising awareness of low-sugar private label products in processed foods is therefore expected to accelerate the market growth. The development of new sugar-reduced or sugar-free products using sugar alcohol to provide similar texture and taste to a variety of products is increasing the market growth. Rising demand for healthier alternatives in foods containing protein, low calories, gourmet flavors and sugar alcohols by fitness oriented consumers is giving further impetus to the growth of the market.
The increasing prevalence of various health conditions, such as diabetes, obesity, and heart disease, is increasing the demand for sugar alcohol as an alternative to fructose and sucrose. Sugar can accelerate aging, promote cavities, suppress the system, and increase the risk of diabetes and heart complications. Therefore, various governments are putting in place initiatives to help their citizens reduce their sugar intake. For example, the Department of General Public Health in the United Kingdom has launched a sugar reduction program to reduce the content of food products that contribute most to sugar intake in children. The program also recommends the use of low-sugar or no-sugar-added products. This, in turn, is increasing the demand for sugar alcohol in breakfast cereals, chocolate, confectionery, and sweet spreads as an alternative to sugar, thereby contributing to the growth of the market.
Industry definition and major segments
Sugar alcohols are hybrid carbohydrates of sugar and alcohol molecules and are found naturally in fruits and vegetables. Since they need the same chemical structure as sugar, they activate sugar receptors and are healthier than sucrose and fructose. They are therefore increasingly used in the food and beverage industry.
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On the basis of type, the market can be split into:
On the basis of form, the market can be divided into:
- Powder and Crystal
- Liquid and Syrup
On the basis of application, the market can be divided into:
- Food and drinks
- Cosmetics and personal care
On the basis of region, the market can be divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Sugar alcohols are widely used in the personal care and cosmetics industry. They are used in toothpastes and mouthwashes due to their pleasant, sweet taste. They also act as a humectant to soothe the skin. Additionally, the use of sorbitol as a hydrating and hydrating agent in skin care products is increasing the market growth. It also improves the feel of formulations and thickeners while acting as a prebiotic agent to protect the skin from harmful bacteria and infections. This is expected to increase the demand for sugar alcohols in skincare products. The efficiency and cost-effectiveness of sugar alcohols make it a suitable alternative to sugar in mass production without compromising its sweetness. The increasing use of isomalt to enhance sweetness in the food and beverage industry is contributing to the growth of the market. Additionally, isomalt is often easily stored and survives extreme weather conditions, due to which it is increasingly preferred in foods to extend their shelf life. this is often the reason why it is widely used in candy, chewing gum, and food, among others, thus enhancing the growth of the industry.
Main market players
The major market players are Archer Daniels Midland Company, Cargill, Inc., Dupont De Nemours, Inc., Ingredion Incorporated, Tate and Lyle PLC and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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