SAN FRANCISCO, Sept. 28, 2020 /PRNewswire/ -- The global polyol sweeteners market size is expected to reach USD 9.3 billion by 2027 registering a CAGR of 6.4%, according to a new report by Grand View Research, Inc. Growing demand for the product as a functional ingredient in various application segments, such as bakery & confectionery, oral care, and pharmaceuticals, is projected to drive the market over the forecast period. Shifting consumer preference for low-calorie foods coupled with growing concerns regarding health issues, such as diabetes, obesity, and heart diseases, is anticipated to spur the industry growth.
Key suggestions from the report:
- Sorbitol-based sweetener is projected to be the largest type segment ascending at a CAGR of 5.8% over the forecast period
- This growth is credited to the growing product demand in the dietary supplements and dairy processing industries as a low-calorie functional ingredient and as a substitute to conventional sugar
- Food & beverages application segment accounted for the maximum market share of more than 41% in 2019 owing to the widespread consumption of sorbitol, erythritol, and isomalt in packaged goods, such as frozen desserts, chocolates, and bread rolls
- Asia Pacific is anticipated to exhibit the fastest CAGR over the forecast years on account of rising number of confectionery, oral care, and chewing gum manufacturers in the region
- Key players are adopting various strategies, such as mergers & acquisitions and investments in R&D, to increase their market share
Read 145 page research report with ToC on "Polyol Sweeteners Market Size, Share & Trends Analysis Report By Form (Powder, Liquid), By Application (Pharmaceuticals, F&B), By Type (Sorbitol, Mannitol), By Function, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/polyol-sweeteners-market
Rising demand for low-calorie sweeteners in carbonated beverages and processed foods is projected to further augment the market growth. Polyol sweeteners are widely used in the pharmaceutical sector as excipients to manufacture pharmaceutical products and to treat health issues related to brain, kidney, and heart. Furthermore, polyols, such as mannitol and sorbitol, are utilized as humectants and bulking agents for tableting applications.
The demand for polyol sweeteners in Europe is projected to witness a high growth on account of the rising consumption of processed foods, such as baked goods, desserts, and yogurt, in Germany, U.K., The Netherlands, and Spain. Moreover, growing penetration of organic oral care products market in the region as a result of the rising importance of herbal ingredients is anticipated to expand the application scope for polyol sweeteners.
Grand View Research has segmented the global polyol sweeteners market on the basis of product, form, function, application, and region:
- Polyol Sweeteners Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
- Polyol Sweeteners Form Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
- Polyol Sweeteners Function Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
- Flavoring & Sweetening Agents
- Bulking Agents
- Polyol Sweeteners Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
- Food & Beverages
- Personal Care & Cosmetics
- Polyol Sweeteners Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
- North America
- Asia Pacific
- Australia & New Zealand
- Central & South America
- Middle East & Africa
List of Key Players of Polyol Sweeteners Market
- Cargill, Inc.
- Sweeteners Plus, LLC
- B Food Science Co., Ltd.
- Gulshan Polyols Ltd.
- Ingredion Inc.
- Roquette Frères
- PT. Ecogreen Oleochemicals
- Mitsubishi Corporation Life Sciences Ltd.
- SPI Pharma
- HYET Sweet
- Jungbunzlauer Suisse AG
- DFI Corp.
- Sukhjit Starch & Chemicals Ltd.
- Zhejiang Huakang Pharmaceutical Co., Ltd.
- Shandong Futaste Co.
- Dancheng Caixin Sugar Industry Co. Ltd.
- Shijiazhuang Huaxu Pharmaceutical Co., Ltd.
- Zibo Shunda Biotech Co., Ltd.
- Hylen Co., Ltd.
- Foodchem International Corp.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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