Sugar Alcohol Market Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2017- 2023



Sugar Alcohol Market – Definition & Importance

Many people think that ‘Sugar Alcohol Market’ is a peculiar type of sugar that contains alcohol. But this is a highly wrong notion! They contain neither sugar nor alcohol, the name of this substance is derived from its chemical formula. The chemical structure of this component bears resemblance to that of sugar and alcohol in equal parts hence the name. This component is basically used as a substitute for table sugar to sweeten various food items and beverages. In the last few years, owing to its unique and beneficial characteristics it has made a name for itself. As a consequence to that sugar alcohol market has gained momentum.

Sugar alcohol is popular by various alias like polyalcohols, polyhydric alcohols, glycitols and alditols. At their heart, they are organic compounds, they are extracted from sugars that consist a class of polyols. Appearance wise they are white, water-soluble solids that can be found naturally or can also be manufactured by several companies from sugars. Apart from being used as sweeteners, they are also utilized thickeners.

In the current food industry, sugar alcohol is used as a healthy alternative to the normal sugar. They are healthy because they are a lot less sweet than the conventional sugar types. On the whole, it can be concluded that this compound is extremely beneficial in nature. And this industry will continue to gain recognition and success in the coming years as well.

Sugar Alcohol Market - Segmentation

The analysis is segmented into four major dynamics:

By Type: Sorbitol, Erythritol, Mannitol, Xylitol, Isomalt, Lactitol, and others.

By Source: Corn, Wheat, Rice, Potato, Cassava, Bagasse, Birch Wood, and others.

By Application:  Confectionery, Bakery Foods, Tabletop Sweeteners, Pharmaceuticals, Dairy Products, and others.

By Regions:  Americas, Europe, Asia Pacific, and Rest-of-the-World (RoW).

Global Sugar Alcohol Market   - Regional Analysis

North America dominates the global sugar alcohol market. The largest market share attributes to the largest production of bakery & confectioneries in the region. Moreover, the high disposable income of consumers, alongside the presence of major players and their vivid product launches are stimulating the sales in the regional market. The US and Canada are the key markets for sugar alcohol in the region. The North American sugar alcohol market is estimated to retain its dominance throughout the forecast period.

The sugar alcohol market in the European region stands second, globally. The presence of a large consumer base of confectionery, bakery foods, and dairy products acts as a key driving force for the regional market. Besides, massive the demand for tabletop sweeteners and rising usages food additives are impacting the growth of the regional market, positively. Heading with the increasing consumption of sugar alcohol for medicines, the European market is projected to register significant CAGR over the assessment period.

 The Asia Pacific sugar alcohol market is growing rapidly due to the large production units across the region. Developing economies such as China and India significantly contribute to the growth of the regional market. Rapidly increasing population coupled with the changing lifestyle of the consumers, fosters the market growth in the region. The APAC sugar alcohol market is estimated to observe substantial growth over the forecast period.

Major Key Players: 

Players leading the sugar alcohol market include A & Z Food Additives Co. Ltd (China), Cargill Inc (US), Atlantic Chemicals Trading GmbH (Germany), Fraken Biochem Co. Ltd. (China), Beckmann-Kenko GmbH (Germany), Roquette Freres (France), Archer Daniels Midland Company (US), Sanxinyuan Food Industry Corp Limited (China), Ingredion Incorporated (US), and Mitsubishi Shoji Foodtech Co., Ltd. (Japan), among others. 

Industry/ Innovation /Related News: 

April 17, 2019 ---- Evonik Industries AG (Germany), a specialty chemicals company announced commissioning a new plant for the production of Kalcat and Metalyst activated metal catalysts at its catalyst manufacturing site in India. Activated metal catalysts are primarily used in the food industry for the production of Sorbitol, active pharmaceutical ingredients (APIs), and other fine & industrial chemicals.

This expansion is part of Evonik’s long-term strategy to enhance the expertise & capabilities in the APAC region. With the new production facility, Evonik will be able to increase its ability to supply technologically advanced products in India and abroad. 

Know More about the Report: https://www.marketresearchfuture.com/reports/sugar-alcohol-market-1394

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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