Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Sugar Alcohols Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Sugar Alcohols Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Sugar
Alcohols Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Sugar Alcohols Market is offered. In accordance with the report, the global
Sugar Alcohols Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Sugar
Alcohol is a natural admixture. It is generally obtained from sugars and
starches and is produced in the industries by the process of hydrogenation of
sugars. Sugar Alcohol are solids that are soluble in water. Glycitols,
alditols, polyalcohol’s, and polyhydric alcohols are some of the nicknames of
sugar alcohol. Since it comprises of multiple sets of hydroxyls, it is also
known as polyols.
Market Drivers
The
food and beverage sector are the major consumer of sugar alcohols. It is widely
used in this sector as a sweetener and thickener. In the food and beverage
sector, these products are significantly utilized in the bakery and
confectionery segment. In these industries, it is employed owing to its
moisture retention capabilities, as a humectant, and texturizers. Owing to the
tight schedule of the population, the dependence on processed foods is thriving
which is primarily deriving the growth of this market.
The
outbreak of the Covid-19 epidemic has bolstered the growth of the market. On
account of the precautionary measures undertaken globally which include the
regular utilization of hand sanitizers and handwashes, this market is growing.
Sugar alcohol is a dominate resource in the production of hand sanitizers. The
impact of the pandemic situation on the demand for hand sanitizers market is
positive which in turn is positively affecting the sugar alcohol market.
The
prosperous pharmaceutical and nutraceutical industry is augmenting the
deployment of sugar alcohols in these sectors. Sugar alcohols are used in these
sectors as a coating and sweetening agent, emollient, and also because of its
stabilizing and anti-crystallizing properties. The changing inclination of the
consumers towards the consumption of dietary supplements is driving the growth
of the sugar alcohol market.
The
soaring health concerns among the population is charging up this market.
Consumers are being increasingly concerned with regard to the negative impacts
of artificial sweeteners and is hence substituting it with sugar alcohols. The sufferance
to chronic lifestyle diseases especially diabetes is indirectly empowering the
growth of the sugar alcohol market because it helps in balancing the blood
glucose levels at normal range and stimulates the metabolism of patients
suffering from diabetes.
Market Restraints
The
production of sugar alcohols is a complex affair. Artificial sweeteners can be
produced with more ease relative to natural sweeteners like sugar alcohols. The
raw materials used in the manufacturing process of sugar alcohols are scarcely
available which is hindering the growth of this market.
The
production of sugar alcohols involves immoderate cost which is negatively
affecting this market.
The
industrial production of sugar alcohols involves the emission of by-products
which is averse to the society and impeding the growth of this market.
The
various policies aimed at the regulation of this market coupled with the
not-so-developed supply chain of these products are threatening the sugar
alcohol market.
Sugar
alcohols are not completely digestible compounds. Diarrhea and bloating are
some of the adverse effects of sugar alcohols on human health which is
disrupting this market.
Opportunities
The
pandemic situation of the Covid-19 outbreak has provided an impetus to the use
of hand sanitizers among the global population which is expected to continue
for the coming years as a precautionary measure to different infections and
diseases despite the departure of the coronavirus.
The
end use sector including the food and beverage sector and the pharmaceutical
and nutraceutical industry is expected to thrive in the years to come owing to
its important contribution to human sustainment which will provide lucrative
opportunities to this market.
Trends
The
Europe region is expected to showcase significant growth in the forecast period
owing to the dominance of confectionery and bakery industries. The location of working
professional population in this region who are highly health conscious and are
inclined towards the consumption of sugar-free products is driving the demand
of sugar alcohols in this region. Surging female involvement in the working
population and the hectic day-to-day schedule of the population are some of the
reasons behind the growth of this market in this region. Europe is succeeded by
North America. North America is estimated to hold the second largest market
because of the presence of a large number of patients and rapid utilization of
hand sanitizers. Asia Pacific region is projected to emerge as the third
largest growing region for this market because of the presence of dominant
players in this region.
Segment Covered:
This market
intelligence report on the global Sugar Alcohols Market encompasses market segments based on type, form, application
and country.
By
Product Type the global Sugar Alcohols Market has been divided into:
q Isomalt
q Maltitol
q Mannitol
q Xylitol
q Sorbitol
q Others
By Form the
global Sugar Alcohols Market has been divided into:
q Liquid and Syrup
q Powder and Crystal
By Application the global Sugar
Alcohols Market has been divided into:
q Cosmetics
and Personal care
q Pharmaceutical
and Nutraceutical sectors
q Food
and Beverage Sectors
q Others
By country/region,
the global Sugar Alcohols Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Ingredion
Inc
q Cargill
Incorporated
q ADM Co
q SPI
Pharma
q Tate
and Lyle Plc
q Pfizer
Inc
q Roquette
Freres
q Associated
British Foods
q A&Z
Food Additives
q Fraken
Biochem Co Ltd
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Sugar Alcohols Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Ingredion Inc
In May 2020, under
the brand name ERYSTA Erythritol, the first sugar alcohol was launched by
Ingredion Inc. This product enables the adoption of sugar-free trend by the
food manufacturers.
Cargill Incorporated
In November 2018,
an agreement was signed in between Cargill Incorporated and Royal DSM. This
agreement was aimed at the production of steviol glycosides sugar alcohol to
provide manufacturers with low-cost options and sustainability solutions.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Sugar
Alcohols Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Sugar Alcohols Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Sugar Alcohols caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Sugar
Alcohols Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Sugar Alcohols Market
v
Identification
of key factors driving investment opportunities in the Sugar
Alcohols Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants