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Global Sugar Alcohol Market to Grow at a CAGR of 5.92% During 2021-2026, Aided by the Emerging Trend of Healthy Snacking

According to a new report by EMR titled, ‘Global Sugar Alcohol Market Report and Forecast 2021-2026’, the market attained a value of about USD 3.42 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 5.92% to reach nearly USD 4.83 billion by 2026.

Europe is witnessing rapid growth owing to rising concerns regarding physical wellbeing. Most of the consumers prefer low-calorie food and beverages while minimal sugar addition. This is increasing the use of sugar alcohol in processed food which is aiding the market growth. The trend of guilt-free indulgence of food, such as cakes and ice-creams, is leading to the production of low-calorie food, hence propelling the market growth. Moreover, the increasing launches of food and beverage products are augmenting the growth of the sugar alcohol industry. The increasing demand for sugar-free juice drinks, snacks, bakery products, and confectionery is also invigorating the market growth. The introduction of favourable government policies is also accelerating the market growth for sugar alcohol.

Ingredion (NYSE: INGR), one of the leading companies in the market, launched its first polyol sweetener, ERYSTA® Erythritol, to enable manufacturers to reduce or replace sugar in order to achieve claims of ‘no added sugar’ or ‘calorie reduction’ in multiple applications in April 2020. The product supports functional build-back and sweetness when sugar is removed in various products to provide the same texture and taste to consumers. Food and beverage manufacturers can collaborate with the company to create products that tap into consumer demand for healthy alternatives while delivering on an indulging eating experience. The product can be added as an alternative to ice-creams and brownies to reduce their sugar components and calorie intake. Such products are expected to invigorate the industry growth in the forecast period.

Market Analysis by Type, Form, Application, and Region:

  • The market, on the basis of type, can be divided into sorbitol, xylitol, mannitol, isomalt, and maltitol, among others.
  • Based on form, the industry can be divided into powder and crystal, and liquid and syrup.
  • The applications of sugar alcohol include food and beverages, pharmaceuticals, and cosmetics and personal care, among others.
  • The regional markets for sugar alcohol include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising health-consciousness is increasing the demand for sugar-free products, which is aiding the market growth.
  • The industry is being aided by the introduction of favourable government initiatives to cut down the consumption of sugar and promote the use of sugar alcohol.
  • The rising use of sorbitol in the cosmetic and personal care industry owing to its moisturising and cleansing properties is propelling the industry growth.
  • The surging demand for isomalt to enhance the shelf life of food and beverages is providing impetus to the growth of the sugar alcohol industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global sugar alcohol industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, forms, applications, and regions of sugar alcohol.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sugar alcohol market are Archer Daniel Midland Company, Cargill, Inc., Dupont De Nemours, Inc., Ingredion Incorporated, and Tate and Lyle PLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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