What is the global market size of Life Sciences and Analytical Instruments Market?

Polyol Sweeteners Market size was valued at USD 3021.13 million in 2021 and is poised to grow from USD 3195.8 million in 2022 to USD 5015.2 million by 2030, growing at a CAGR of 5.79% in the forecast period (2023-2030).

Who are the key vendors in the Global Life Sciences and Analytical Instruments Market?

Major market players or manufacturers of the life sciences and analytical instruments market give various strategies to expand their operations and increase their profits. To strengthen their position in the global life sciences and analytical instruments market, they use strategies such as acquisitions, joint ventures, collaborations, mergers and new product launches. 'Agilent Technologies Inc.', 'Thermo Fisher Scientific Inc.', 'Danaher Corporation', 'PerkinElmer Inc.', 'Bruker Corporation', 'Waters Corporation', 'Shimadzu Corporation', 'Merck KGaA', 'GE Healthcare', 'bioMérieux SA', 'Hitachi High-Technologies Corporation', 'Bio-Rad Laboratories Inc.', 'Olympus Corporation', 'Beckman Coulter Inc.', 'Eppendorf AG', 'Illumina Inc.', 'Qiagen N.V.', 'Becton, Dickinson and Company', 'Hologic Inc.', 'Sartorius AG', 'On August 1, 2022, Thermo Fisher Scientific, Inc., a global leader in scientific services, introduced the Thermo Scientific Arctis Cryo-Plasma Focused Ion Beam (Cryo-PFIB), a new network and automated microscope designed to accelerate cryo-electron tomography (Cryo-ET) research'.

What is the key driver of Global Life Sciences and Analytical Instruments Market?

Industries such as biotechnology and pharmaceuticals are investing significantly on R&D. It is used to accelerate the need for drug development and innovative commercialization of drug molecules for the treatment of rare diseases. According to the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), the pharmaceutical industry spends more than US$ 150 Bn annually on research and development. More than 7,000 new compounds were developed, while 56 new drugs were introduced. Rapid and efficient life science tools are essential to accelerate the drug development process. Increasing R&D in drug development for conditions such as cardiovascular diseases, neurological disorders, cancer, and infectious diseases is expected to drive the global life sciences and analytical instruments market.

What is the key market trend for Global Life Sciences and Analytical Instruments Market?

Chromatography used in analytical chemistry, because of its ability to offer excellent features, like accurate separation capabilities, reproducibility, and quicker separation. A major trend in the market is the use of chromatography methods in many pharmaceutical applications, such as the quantification of chemicals in drugs. Increasing use of chromatography tests in drug approval and increasing support in the form of funding from the government are considered to contribute to the growth of the market during the forecast period.

Which region accounted for the largest share in Global Life Sciences and Analytical Instruments Market?

On the basis of region, global life sciences and analytical instruments market is divided into North America, Europe, Asia-Pacific, Latin America, and MEA. North America accounted as the largest market for the global market with a share of nearly 38% of the market revenue in 2022. Increasing investment in research and development in the pharmaceutical industry will provide opportunities for key players in the sector. Increased regulatory analysis on the safety, quality and security of consumer products will also increase the adoption of testing and analytical tools by the food and beverage industry.

Global Polyol Sweeteners Market Size, Share, Growth Analysis, By Form(Powder, liquid), By Type(Sorbitol, Xylitol), By Function(Flavoring & Sweetening Agents, Bulking Agents), By Application(Food & Beverages, Personal Care & Cosmetics) - Industry Forecast 2024-2031

Report ID: SQMIG15E2349 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 122 | Figures: 77

Global Polyol Sweeteners Market News

In March 2022, Roquette, a French company that produces plant-based ingredients, proteins as well as pharmaceutical excipients announced that it will invest EURO 25million for the production of polyols in its Lestrem site.
In January 2022, Barentz, distributor of life science ingredients will take over the sole distribution of ACT Polyols (ACT) in North America. With its non-GMO, rice-derived sweeteners and protein isolates, the firm, located in Pakistan, anticipates significant growth in the clean label industry. The rice protein manufactured by ACT Polyols is likewise created from locally grown, GMO-free, and allergen-free rice. It is made from rice after being treated with certain enzymes that separate the protein from the carbs in rice.

Global Polyol Sweeteners Market Report Snapshots

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Polyol Sweeteners Market size was valued at USD 3021.13 million in 2019 and is poised to grow from USD 3195.8 million in 2023 to USD 5015.2 million by 2031, growing at a CAGR of 5.79% in the forecast period (2024-2031).

Global Polyol Sweeteners Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Cargill, Incorporated', 'Roquette Freres', 'Archer Daniels Midland Company', 'Ingredion Incorporated', 'DuPont de Nemours, Inc.', 'Tereos', 'Jungbunzlauer Suisse AG', 'A & Z Food Additives Co., Ltd.', 'Shandong Lujian Biological Technology Co., Ltd.', 'SPI Pharma, Inc.', 'Gulshan Polyols Ltd.', 'Zibo Huacheng Polyols Co., Ltd.', 'Shandong Futaste Co., Ltd.', 'Jinyang Biological Technology Co., Ltd.', 'Hill Pharmaceutical Co., Ltd.', 'Zhongshun Science & Technology Development Co., Ltd.', 'Baolingbao Biology Co., Ltd.', 'TCI Chemicals (India) Pvt. Ltd.', 'Roquette America, Inc.', 'Ecogreen Oleochemicals GmbH'

It is well known that typical sweeteners like sucrose and glucose have large calorie contents that lead to diseases like diabetes and obesity. The desire for low-calorie and zero-calorie sugar substitutes is being fueled by the growing understanding of the harmful health effects of ingesting high-calorie sweets. As polyol sweeteners fulfil this criterion which leads to the polyol sweetener market size expansion during the forecast period.

In the food and beverage business, steviol glycosides (SGs) are frequently employed as a sugar replacement and natural, calorie-free sweetener. Intensively sweet plant-derived substances called steviol glycosides are allowed to be added to a wide range of foods and beverages. The stevia component market has seen a number of recent technical developments that have opened up the creation of steviol glycosides of the newest generation with a less unpleasant aftertaste. These steviol glycosides, Reb M, Reb E, and Reb D, are present in lesser concentrations in the stevia leaf but give a superior sensory profile and cleaner taste more comparable to that of sugar. New technologies have permitted the sustainable manufacture of these steviol glycosides. For instance, Codex Alimentarius, an organisation that sets global food standards, has established a Framework for steviol glycosides, a move that is anticipated to be advantageous for the whole stevia business. The new Framework sees Codex approve four stevia manufacturing technologies: stevia leaf extract, Steviol glycosides from fermentation, bioconverted steviol glycosides, and glucosylated steviol glycosides.

Europe region dominated the global polyol sweetener market in 2021. Polyol sweeteners market in the region is predicted to demonstrate promising growth over the future years, owing to the desire for natural ingredients and quickly developing personal care industry in countries, such as Italy, France, and Germany. Additionally, the European Parliament introduced a provisional agreement intended to encourage the development of naturally-derived products which has anticipated the growth over the forecast period, increasing market demand for polyol sweeteners in the European food processing sector. Polyol sweeteners are also employed as emulsifiers, foaming and wetting agents, detergents, and dispersants. It is anticipated that increasing demand for bio-based goods in Europe would encourage the use of bio-based surfactants like sorbitol and rhamnolipids. The need for bio-based surfactants is projected to increase due to strict restrictions to reduce greenhouse gas (GHG) emissions, which will support market expansion in Europe.

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Global Polyol Sweeteners Market Size, Share, Growth Analysis, By Form(Powder, liquid), By Type(Sorbitol, Xylitol), By Function(Flavoring & Sweetening Agents, Bulking Agents), By Application(Food & Beverages, Personal Care & Cosmetics) - Industry Forecast 2024-2031

Global Polyol Sweeteners Market News

Global Polyol Sweeteners Market Report Snapshots

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What is the global market size of Polyol Sweeteners Market?

Who are the key vendors in the Global Polyol Sweeteners Market?

What is the key driver of Global Polyol Sweeteners Market?

What is the key market trend for Global Polyol Sweeteners Market?

Which region accounted for the largest share in Global Polyol Sweeteners Market?

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