Polyol Sweeteners Market
Polyol Sweeteners Market - Global Industry Assessment & Forecast
Segments Covered
- By Form Liquid, Powder
- By Application Food & beverages, Oral care, Pharmaceuticals, Personal care, Others
- By Function Bulking agents, Excipients, Humectants, Flavoring or sweetening agents, Others
- By Type Sorbitol, Erythritol, Maltitol, Isomalt, Xylitol, Others
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 3.18 Billion |
Revenue 2030: | USD 5.06 Billion |
Revenue CAGR (2023 - 2030): | 6.00% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
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Polyol Sweeteners Market: By Type, Application, Form, Function and Region
Market Synopsis:
Global Polyol Sweeteners market is valued at USD 3.18 Billion in 2022 and is projected to attain a value of USD 5.06 Billion by 2030 at a CAGR of 6.00% during the forecast period, 2022–2028.
Polyols, or sugar alcohols, are the essential ingredients used in the manufacturing of Polyol Sweeteners. They belong to a group of low-calorie carbohydrate substitutes that replicate many of sugar's functional characteristics such as taste, texture and stability while delivering fewer calories than sugar. Polyols can be found in a range of foods and beverages such as chewing gum, baked goods and ice cream and their popularity has increased steadily over the past decades. It is estimated that around 60% share of all polyols produced today materializes in North America and Europe.
Polyol Sweeteners Market Size, 2022 To 2030 (USD Billion)
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Segmentation:
Global pharmaceutical Polyol Sweeteners market is segmented into, type, application, and form, function. Based on type market is segmented into, erythritol, isomalt, maltitol, sorbitol, xylitol, and others. Based on application market is segmented into, food & beverages, oral care, pharmaceuticals, personal care, and others. Based on form market is segmented into, liquid, powder. Based on application market is segmented into, bulking agents, excipients, humectants, flavoring or sweetening agents, and others. Based on region, the market is further bifurcated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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What are the Different Types of Polyols?
The most common polyols are sorbitol, maltitol, xylitol and erythritol. These ingredients are all naturally occurring compounds found in fruits and vegetables but can also be industrially manufactured by hydrogenation of their respective sugars. They have varying degrees of sweetness which makes them suitable for various applications across many food categories including chewing gum, baked goods, desserts or dairy products. Maltitol is one type of polyol with high sweetness potency (about 60-80% as sweet as sugar) which makes it particularly suitable for use in chocolate, baked goods and confectionery. Its high sweetness means that it is another popular choice for sugar replacement in products aimed at consumers with diabetes or calorie-restricted diets, due to its low caloric value.
Why demand for Polyol Sweeteners is increasing?
With obesity and diabetes on the rise, there is a significant growing demand for Polyol Sweeteners. Looking at global trends in obesity and diabetes prevalence, it can be observed that more than 2 billion people worldwide are overweight or obese, while over 300 million people across the world suffer from type-2 diabetes. The World Health Organization (WHO) predicts that these numbers will continue to increase in the coming years.
The WHO also estimates that by 2025 around one third of adults will suffer from obesity and more than 10% of people aged 20 or older will have diabetes symptoms. These trends highlight how important it is for food manufacturers to address the growing public health concerns related to dietary intake of calories and sugars through their product development processes, which includes reformulating products with Polyol Sweeteners.
Asia Pacific to Continue Dominating the global Polyol Sweeteners Market
Asia Pacific is the largest consumer of Polyol Sweeteners. The region's demand for polyols has been growing at a rate of nearly 9% per year since 2009, accounting for over 80% of global consumption. One reason why there is a steady rise in demand comes from China – the world's largest consumer and importer of sugar. In 2014, the Chinese government ordered a 40% reduction on its citizens' intake level of sugar due to concerns about overweight and obesity levels which was estimated around 15%.
In addition, as tooth decay remains one of the biggest health concerns among Asian consumers, products with high levels of polyol allow manufacturers to minimize sugar content while maintaining sweetness and palatability. Moreover, India 's sugar consumption is expected to remain stable over the forecast period with no major changes in the country's individual consumption levels of sugars and polyols. However, the country is expected to see a rise in consumption of polyols over the period, taking into account its growing sweetener market and food applications. This is further supported by the fact that the Indian confectionery market is expected to grow at a CAGR of 9% over the forecast period.
Competitive Landscape:
The food industry has been responding through new product development initiatives such as reformulating existing products or launching new lines of foods containing Polyol Sweeteners. Health and wellness positioning: Technological advances in the food industry have allowed for better understanding of what consumers want when it comes to sweeteners and their nutritional profile. This, in turn, has also encouraged manufacturers to engage in health and wellness initiatives through introducing products free from sugar or containing low calorie ingredients such as polyols. Some of the key players in the global Polyol Sweeteners market are Archer Daniels Midland Company (US), Cargill (US), Roquette Frères S.A. (France), E.I. Du Point De Nemours and Company (US), Südzucker AG (Germany), Tereos Starch & Sweeteners (France), Ingredion Incorporated (US), Gulshan Polyols Limited (India), Jungbunzlauer Suisse AG (Switzerland), Batory Foods (US), Dfi Corporation (US) and B Food Science Co., Ltd. (Japan).
The Polyol Sweeteners is Segmented as Follows:
Parameter
Details
Segments Covered
By Form
By Application
By Function
By Type
By Region
Regions & Countries Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
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FAQ
Frequently Asked Question
What is the global demand for Polyol Sweeteners in terms of revenue?
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The global Polyol Sweeteners valued at USD 3.18 Billion in 2022 and is expected to reach USD 5.06 Billion in 2030 growing at a CAGR of 6.00%.
Which are the prominent players in the market?
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The prominent players in the market are Archer Daniels Midland Company (US), Cargill (US), Roquette Frères S.A. (France), E.I. Du Point De Nemours and Company (US), Südzucker AG (Germany), Tereos Starch & Sweeteners (France), Ingredion Incorporated (US), Gulshan Polyols Limited (India), Jungbunzlauer Suisse AG (Switzerland), Batory Foods (US), Dfi Corporation (US) and B Food Science Co., Ltd. (Japan)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Polyol Sweeteners include
- Rising Consumer Demand for Low-Calorie and Healthier Food & Beverage Products
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Polyol Sweeteners in 2022.