The polyol sweeteners market was valued at USD 2.9 billion in 2017 and is projected to grow at a CAGR of 6.2% from 2017, to reach a projected value of USD US$ 7.6 Bn by 2032. Newly released data for Global Polyol Sweeteners Market Analysis shows that global demand for powdered polyol enjoyed year-on-year (YoY) growth of 6.6% in 2022.
According to the report, growing R&D to develop new, healthier and creative sugar substitutes and rising cases of people with chronic diseases such as diabetes are factors in the growth of the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Polyols are used as sugar replacers in a wide range of sugar free diets, which is a chief driver enabling growth in the global market. Because polyols are a group of reduced calorie sweeteners they are increasingly used in candies, chewing gums, ice creams and baked goods. Rising application of polyols will result in higher market growth.
Polyols are a group of low digestible carbohydrates. While they have a structure similar to sugar, they come with unique functional benefits. It is of particular importance that polyols do not promote tooth decay. Besides the sweet taste and various functional properties, polyols also offer a range of health benefits. For example they do not cause increase in blood sugar levels.
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It includes in-depth insights into the polyol sweeteners market. Some of these are:
- Consumers’ growing emphasis on health issues is one of the main drivers of the global polyol sweeteners industry.
- Powder segment is expected to rise at a fast CAGR rate over the forecast period.
- Erythritol is projected to share substantial growth on the global polyol sweeteners market.
- Asia-Pacific is projected to possess lucrative growth opportunities on the global polyol sweeteners market.
- Key players would likely concentrate on product developments so that they remain competitive in developed markets.
Despite Demand on Healthier Food & Beverage Products Healthy Diet, Change in Buying Pattern Due to Coronavirus Outbreak will Impact Growth
North America has the largest share in the global demand for polyol sweeteners. The large proportion of this area is primarily due to increased functional food intake, increasing willingness to live a healthier lifestyle, and growing trend in health & wellness. Nonetheless, during the forecast period the Asia-Pacific region possesses lucrative growth opportunities for the consumption of polyol sweeteners. This is primarily due to rapid urbanization, increased disposable income, increased diabetes prevalence, increased functional food industry, increased use of polyols in nutraceuticals and increased polyol output in the area.
The food industry is bracing for significant changes as questions about the COVID-19 spread are increasing. Companies change their activities to meet increased demand. Buying teams turn emphasis away from conventional negotiations and towards ensuring sufficient supply of goods in demand. Many businesses have placed in place contingency measures to prepare for deeper disruptions in the supply chain, both globally and within the USA. Food retailers need to ensure local procurement to resolve the danger of cross-regional transport bans. Among other nations, producers with facilities have started collaborating with local suppliers to keep the product going.
Who is Winning?
The global market for polyol sweeteners is highly competitive and the major players have used various tactics such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions and others to raise their footprints in this segment. Few of the major competitors currently working in the global polyol sweeteners market are Cargill, Incorporated., Archer Daniels Midland Company, Roquette Frères, Ingredion Incorporated, Jungbunzlauer Suisse AG, Gulshan Polyols Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd, Roquette Frères, Mitsubishi Corporation., HYET Sweet., among others.
POLYOL SWEETENERS MARKET TAXONOMY
The global Polyol Sweeteners market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Bakery & Confectionery
- Oral Care
- North America
- Latin America
- East Asia
- South Asia
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