The polyol sweeteners global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Polyol Sweeteners Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The polyol sweeteners market size has grown strongly in recent years. It will grow from <b>$4.05 billion in 2023 to $4.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the historic period can be attributed to diabetic-friendly alternatives, dental health concerns, functional properties in food manufacturing, regulatory support for sugar reduction, increased incidence of obesity, growing consumer preference for natural sweeteners, rise in health-conscious consumer behavio, focus on sugar reduction in children’s product.
The polyol sweeteners market size is expected to see strong growth in the next few years. It will grow to <b>$5.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the forecast period can be attributed to focus on low-glycemic sweeteners, consumer demand for clean label products, expansion of sugar taxation policies, innovation in sweetener blends, growth in functional food and beverage market, research on health benefits of polyols, expanding use in non-food products. Major trends in the forecast period include technological advancements in production, clean eating and natural ingredients, customized sweetening solutions, plant-based ingredients, globalization of food trends, collaboration with health organizations.
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Scope Of Polyol Sweeteners Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Polyol Sweeteners Market Overview
Market Drivers –
The rise in consumer demand for low-calorie and healthier food and beverage products is expected to propel the growth of the polyol sweeteners market going forward. The low-calorie and healthier food and beverage products refer to food and beverage items that are low in calories, gluten-free, or non-alcohol with fewer artificial additives commonly used in maintaining a healthy diet by health-conscious people. Polyol sweeteners in low-calorie and healthier food and beverage products are used to substitute sugar, lowering calories, improve texture and flavors, and other functions. Polyol sweeteners are used in the production of soft drinks, beverages, or sausages, which increases the demand for foods due to changes in customer needs and increasing awareness related to reducing sugar consumption as well as anti-obesity campaigns. For instance, in July 2022, WeMakePrice, a Korean e-commerce platform announced that its sales of zero-calorie soft drinks grew by 396% as of June 2022. In addition, the sales of gluten-free rice, bread, pasta, chocolate, and other food items grew 38-fold compared to 2021. Therefore, the rise in consumer demand for low-calorie and healthier food and beverage products will drive the growth of the polyol sweeteners market.
Market Trends –
Major companies operating in the polyol sweeteners market are focusing on innovating products, such as the low glycemic sweetener, to provide a competitive edge in the market. Low glycemic sweetener is a clean label, vegan, gluten-free, and non-GMO (genetically modified organism) sweetener made from whole carob fruit. For instance, in June 2023, CarobWay, Ltd., Israel-based food, and agri-tech company launched low glycemic sweetener. Low glycemic sweetener contains Mild, caramel-like flavor. Low glycemic sweetener is one-to-one sugar replacer used in various food and beverage applications.
The polyol sweeteners market covered in this report is segmented –
1) By Product: Sorbitol, Xylitol, Mannitol, Maltitol, Isomalt, Other Products
2) By Form: Powder, Liquid
3) By Function: Flavoring And Sweetening Agents, Bulking Agents, Excipients, Humectants, Other Functions
4) By Application: Food And Beverages, Personal Care And Cosmetics, Pharmaceuticals, Other Applications
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Regional Insights –
Europe was the largest region in the polyol sweeteners market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyol sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the polyol sweeteners market report are Cargill Incorporated, Sweeteners Plus Inc., B Food Science Company Limited, Gulshan Polyols Limited, Ingredion Incorporated, Roquette Frères S.A., ADM Company, Tereos Starch & Sweeteners SAS, DuPont de Nemours Inc., Südzucker AG, Jungbunzlauer Suisse AG, Batory Foods Inc., SPI Pharma Inc., DFI Corporation, Mitsubishi Corporation Life Sciences Limited, PT Ecogreen Oleochemicals, Zibo Shuohui Chemical Company Limited, Fraken Biochem Company Limited, Beckmann-Kenko GmbH, Novagreen Inc., Truvia Whole Leaf Stevia Sweetener, Pure Via Stevia Sweetener, Dynamic Food Ingredients, Pruthvi’s Foods Private Limited, Zhejiang Huakang Pharmaceutical Company Limited, Sukhjit Starch & Chemicals Limited, Shandong Futaste Company, Archer Daniels Midland Company, Grain Processing Corporation, Nutra Food Ingredients, Tate & Lyle PLC, Dancheng Caixin Sugar Industry Co. Ltd., Shijiazhuang Huaxu Pharmaceutical Co. Ltd., Hylen Co. Ltd., Foodchem International Corporation
Table of Contents
1. Executive Summary
2. Polyol Sweeteners Market Characteristics
3. Polyol Sweeteners Market Trends And Strategies
4. Polyol Sweeteners Market – Macro Economic Scenario
5. Global Polyol Sweeteners Market Size and Growth
…
31. Global Polyol Sweeteners Market Competitive Benchmarking
32. Global Polyol Sweeteners Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Polyol Sweeteners Market
34. Polyol Sweeteners Market Future Outlook and Potential Analysis
35. Appendix
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