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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.
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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.
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