Sugar Alcohol Market Size, Share, Growth Analysis, By Type(Sorbitol and Mannitol), By Application(Food and Beverages, Pharmaceuticals) - Industry Forecast 2024-2031


Report ID: SQMIG15B2086 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 61 | Figures: 75

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Sugar Alcohol Market size was valued at USD 3.98 billion in 2022 and is poised to grow from USD 4.22 billion in 2023 to USD 6.78 billion by 2031, growing at a CAGR of 6.1% during the forecast period (2024-2031).

The sugar alcohol market is characterized by a mix of established companies and emerging players. Market participants are focusing on product innovation, expanding their production capacities, and engaging in strategic collaborations to gain a competitive edge. Additionally, companies are investing in research and development activities to enhance the quality and efficacy of sugar alcohol products. The increasing demand for low-carbohydrate and sugar-free alternatives is attracting new entrants, intensifying the competition in the market. Companies are also striving to differentiate themselves by offering a wide range of sugar alcohol options and targeting specific consumer segments. 'Roquette Frères (France)', 'Ingredion Incorporated (US)', 'Cargill, Incorporated (US)', 'Archer Daniels Midland Company (US)', 'DuPont Nutrition & Biosciences (US)', 'Tereos (France)', 'Südzucker AG (Germany)', 'Mitsubishi Corporation (Japan)', 'Gulshan Polyols Ltd. (India)', 'Jungbunzlauer Suisse AG (Switzerland)', 'DFI Corporation (Japan)', 'Xylitol Canada, Inc. (Canada)', 'Zhejiang Huakang Pharmaceutical Co., Ltd. (China)', 'Shandong Longlive Bio-Technology Co., Ltd. (China)', 'Ecogreen Oleochemicals GmbH (Germany)', 'Sukhjit Starch & Chemicals Ltd. (India)', 'Merck KGaA (Germany)', 'HYET Sweet (Netherlands)', 'Ingredion UK Limited (UK)', 'The NutraSweet Company (US)'

One significant driver for the sugar alcohol market is the increasing prevalence of obesity and diabetes worldwide. As these health concerns continue to rise, consumers are actively seeking healthier alternatives to sugar. Sugar alcohols provide a viable solution as low-calorie sweeteners, allowing individuals to satisfy their sweet cravings without the negative health impacts associated with excessive sugar consumption. This driver is fueling the demand for sugar alcohol products across various industries, including food and beverage, pharmaceuticals, and personal care.

A key market trend in the sugar alcohol market is the growing demand for natural and plant-based sugar alcohol alternatives. Consumers are increasingly seeking products that align with their preferences for natural and clean label ingredients. This trend is driving manufacturers to develop sugar alcohols sourced from plant-based materials such as fruits and vegetables. Additionally, the rising popularity of organic and sustainable food options has further propelled the demand for natural sugar alcohols. Market players are focusing on innovation and product development to cater to this evolving consumer demand.

North America dominated the sugar alcohol market. The region has witnessed significant growth due to several factors. Rising health consciousness among consumers, coupled with an increasing preference for low-carbohydrate and sugar-free products, has driven the demand for sugar alcohols in North America. The region has a well-established food and beverage industry, which has embraced the use of sugar alcohols as a healthier alternative to sugar.

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Global Sugar Alcohol Market

Product ID: SQMIG15B2086

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