Sugar Alcohol Market Size To Hit USD 5.1 Billion By 2028

 

San Francisco, 5 July 2023: The Report Sugar Alcohol Market Size, Share & Trends Analysis Report By Contain (Sorbitol, Mannitol, Xylitol, Maltitol), By Form (Powder & Crystal, Liquid & Syrup), By Industry Vertical, And Segment Forecasts, 2022 - 2028

The global sugar alcohol market size is estimated to reach USD 5.1 billion by 2028 and is expected to expand at a CAGR of 6.0% from 2022 to 2028. Increasing demand for low sugar or no sugar products due to rising health awareness, an increasing number of diabetic patients, and increasing demand from the food and beverage industry are expected to promote the sugar alcohol market growth over the next few years. Additionally, increasing chronic diseases among the citizens will further increase the demand for sugar alcohol from industry verticals.

Xylitol segment is forecast to grow with the highest CAGR of 6.9% from 2022 to 2028 and is estimated to contribute a market share of 30% by 2028. Xylitol becomes popular sugar alcohol as it has similarities to sucrose visually and tastes. It is used for teeth treatments to reduce cavities as it is non-fermentable. It restricts the growth and reproduction of bacteria inside the mouth. Thus, it is widely used to produce oral care products which will drive the segment growth during the forecast period. Liquid & syrup is forecast to register the fastest growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications in pharmaceuticals and personal care.

The pharmaceutical industry vertical will register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing hand sanitizers, medicines for diabetic patients, and protein supplements. Thus this segment is expected to grow with the highest growth rate during the forecast period.

Asia Pacific is forecast to grow with a CAGR of 7.8% from 2022 to 2028. Countries such as China and India are positively contributing to the growth of market revenue. The region has a largest growing population which adopts a western lifestyle and increases the working number of citizens. Countries like China and India are the larger producers of sugar alcohol with many manufacturers operating in this region. 

Sugar alcohol is produced from sugars which have a hydroxyl group with carbon. Majorly used sugar alcohols are extracted from fruits and vegetables. Sugar alcohols are low-calorie sweeteners used for making sugar-free or low-sugar products such as food additives, toothpaste, medicines, and beverages.

Access Research Report of Sugar Alcohol  Market @ https://www.grandviewresearch.com/industry-analysis/sugar-alcohol-market-report

Sugar Alcohol Market Report Highlights

  • Asia Pacific is forecast to grow with a CAGR of 7.8% from 2022 to 2028. The region has the largest growing population which adopts a western lifestyle and increases the working number of citizens.
  • Xylitol segment is forecasted to grow with the highest CAGR of 6.9% from 2022 to 2028. Xylitol is similar to sucrose visually and in taste. It is used for teeth treatments to reduce cavities as it is non-fermentable.
  • Liquid & syrup is forecast to register a faster growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications including pharmaceuticals and personal care.
  • The pharmaceutical industry vertical is forecast to register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing the hand sanitizers, medicines for diabetic patients, and protein supplements 

Sugar Alcohol Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 3.59 billion

Revenue forecast in 2028

USD 5.13 billion

Growth Rate

CAGR of 6.0% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

List of Key Players in Sugar Alcohol Market

  • Cargill, Incorporated.
  • Roquette Freres
  • Archer Daniels Midland Company (ADM)
  • Ingredion Incorporated
  • Tereos Participations SAS
  • Atlantic Chemicals Trading GmbH
  • Beckmann-Kenko GmbH
  • SANXINYUAN FOOD Industry Corporation Limited (SFI corp.Ltd)
  • Mitsubishi Shoji Foodtech Co. Ltd
  • Fraken Biochem Co. Ltd.

Access Press Release of Sugar Alcohol Market @ https://www.grandviewresearch.com/press-release/global-sugar-alcohol-market

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