Sugar Alcohol Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2027
The global ''Sugar
Alcohol '' market size is projected to reach USD 6.70 Billion by
2027 backed by increasing demand for gluten-free food products across
the globe. Fortune Business Insights, in its latest report, titled “Sugar
Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Sorbitol,
Xylitol, Maltitol, Erythritol, and Isomalt), Application (Food and Beverages,
Pharmaceuticals, and Cosmetics and Personal Care), and Regional Forecast, 2020
– 2027.” observes that the market was worth USD 3.61
Billion in 2019 and will exhibit a CAGR of 7.75% between
2019 and 2027.
List of the Companies Operating in the Sugar Alcohol Market:
- Archer-Daniels-Midland
Co. – Illinois, U.S.
- Cargill
Incorporated – U.S.
- Ingredion
Incorporated – U.S.
- Roquette Frères
- France
- Tereos Starch
& Sweeteners s.a.s - France
- Tate and Lyle
plc – U.K.
- Pfizer Inc. –
U.S.
- Lonza Group -
Switzerland
- SPI Pharma –
U.S.
- Merck KGaA –
Germany
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on
businesses across industries. However, this too shall pass. Rising support from
governments and several companies can help in the fight against this highly
contagious disease. There are some industries that are struggling and some are
thriving. Overall, almost every sector is anticipated to be impacted by the
pandemic.
We are taking continuous efforts to help your business sustain and
grow during COVID-19 pandemics. Based on our experience and expertise, we will
offer you an impact analysis of coronavirus outbreak across industries to help
you prepare for the future.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
This Research Report Provides Features Like;
- Discover
regional market opportunities and trends
- Identify
emerging market demand & dynamics
- Market
intelligence with quality and accuracy
- Deliverable
formats like PDF, PPT, cloud, etc
- Benchmark
against competitors & global industry
- Explore
competitive strategy & market share
Sugar Alcohol also known as polyols are turning out to be the fast emerging
alternative to sugar. Though they bore similar resemblance to sugar considering
their texture and taste, they contain far less caloric content and fewer health
hazards when consumed. In addition to this, several studies have shown that
consumption of polyols may lead to improving the health of the consumer.
Furthermore, they are hybrids between sugar molecules and alcohol molecules and
are present in several fruits and vegetables. Though there are organic polyols,
there are few processed from sugars such as cornstarch and glucose.
What does the Report Include?
The market report includes an exhaustive study of several factors
such as drivers, restraints, challenges, and opportunities that will affect the
growth of the market in the forthcoming years. The report covers regional
demographics that include qualitative and quantitative information about the
regions that are further divided into nations that are contributing to the
growth of the market between 2020 and 2027. Furthermore, the competitive
landscape has been discussed in-depth that include information of several
players operating in the market. Moreover, information on the adoption of
strategies such as merger and acquisition, collaboration, partnerships, and
joint ventures by the companies that will drive the growth of the market has
been included during the projected horizon.
Drivers and Restraints:
Increasing Demand for Gluten-free Food Products to Bolster Growth
Gluten-free food is turning out to be popular among the people
across the globe. An array of benefits such as improved cholesterol levels,
better digestive health, increased energy levels, and aiding weight-loss, among
others provided by gluten-free diet is driving the companies to launch products
to ushers into the popularity of the diet. Glucose syrup that includes polyols
such as maltitol and sorbitol are extensively used across several regions.
Furthermore, growing demand for corn-based glucose syrup that is believed to be
gluten-free is expected to drive the growth of the market during the forecast
period.
Segmentation:
By Type
- Sorbitol
- Xylitol
- Maltitol
- Erythritol
- Isomalt
By Application
- Food and
Beverages
- Pharmaceuticals
- Cosmetics and
Personal Care
- Others
By Region
- North America
(the U.S., Canada, and Mexico)
- Europe (U.K.,
France, Italy, Spain, Germany, Russia, and the Rest of Europe)
- Asia-Pacific
(China, India, Japan, Australia, and the Rest of Asia- Pacific)
- South America
(Brazil, Argentina, and the Rest of South America)
- The Middle East
& Africa (South Africa, UAE, and the Rest of the MEA)
Regional Analysis:
Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to
Promote Growth
Among the regions, Europe is expected to remain at the forefront
and register maximum global Sugar Alcohol market revenue during the projected
horizon. Additionally, the region registered a high market share of USD 1.23
Billion in 2019 and is further anticipated to rise backed by growing demand for
sugar-free confectionary products among the population. Furthermore, fast-paced
lifestyle is leading to a growing consumption of processed foods in several
countries of Europe that will aid the market growth. North America, on the
other, is anticipated to be the second-most leading region in the forthcoming
years. This is ascribable to factors such as increasing prevalence of diabetic
patients in the U.S. Furthermore, the widespread effects of COVID-19 in the
regions is propelling the demand for hand-sanitizers that will boost the demand
for the market during the forecast period.
The market in Asia-Pacific is expected to witness substantial growth in the
forthcoming years. This is attributable to factors such as presence of large
population in the region. Furthermore, high production of polyols in the
countries such as China and India will contribute to the market growth.
Competitive Landscape:
Companies Collaborating to Combat COVID-19 to Augur Growth
According to the report, the market comprises of several small,
medium, and large companies striving to gain maximum market share by
consolidating their position during the forecast period. In addition to this,
the companies are collaborating with each other to fight the global pandemic,
Covid-19 and mitigate the threat to get back the economy on track. For
instance, in March 2020, amid the widespread effect of novel coronavirus that
has caused the scarcity of hand sanitizes, Gull New Zealand, a renowned
petroleum company, announced that it would provide over 340,000 liters of
ethanol along with Sugar Alcohol to manufacture hand disinfectants. This move
is expected to fill the void caused due to scarcity of hand sanitizers across
several regions that will prove beneficial to fight the pandemic.
Sugar Alcohol Market Focus on:
- Extensive
product offerings
- Customer
research services
- Robust research
methodology
- Comprehensive
reports
- Latest
technological developments
- Value chain
analysis
- Potential Market
opportunities
- Growth dynamics
- Quality
assurance
- Post-sales
support
- Regular report
updates
Reasons to Purchase this Report:
- Comprehensive
analysis of the market growth drivers, obstacles, opportunities, and other
related challenges.
- Tracks the
developments, such as new product launches, agreements, mergers and
acquisitions, geographical expansions, and joint ventures.
- Identifies
market restraints and boosters.
- Identifies all
the possible segments present in the market to aid organizations in
strategic business planning.
Key Questions Answered:
- Why Choose
Fortune Business Insights?
- What are the key
demands and trends shaping the market?
- What are the key
opportunities in the market?
- What are the key
companies operating in the market?
- Which company
accounted for the highest market share?
- What is the
market size and growth rate of the global and regional market by various
segments?
- What is the
market size and growth rate of the market for selective countries?
- Which region or
sub-segment is expected to drive the market in the forecast period?
- What Factors are
estimated to drive and restrain the market growth?
Gain More Insights into the Sugar Alcohol
Market Research Report
https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956
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