A new report published recently by Future Market Insights has projected the global sugar alcohol market to witness sustained opportunities in the bakery segment. Demand for convenience foods and beverages is expected to positively affect growth, in spite of the ongoing threat from the coronavirus pandemic.
With the growth in urban population, and easy availability of processed foods and beverages, the need for sugar alcohol products has been growing steadily. Ranging from food & beverage applications such as bakery and dairy, and robust supply chains sugar alcohol is being used extensively to also improve on product shelf life.
On the other hand, growing consumer health awareness has resulted in a transition from conventional offerings towards low-calorie, healthy alternatives in the industry, which is having a positive influence on adoption, even in niche pharmaceutical applications.
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Key Takeaways
- Xylitol sugar alcohol products to find greater adoption rates, owing to confectionary consumption.
- Erythritol variants to gain ground as sweetening agents, attributed to low-calorie characteristics.
- Bakery product applications as preservatives are expected to gain application with higher consumption of ready-to-eat foods.
- Beverage production to register increased use of sugar alcohols in the period 2020 to 2030.
- Asia-Pacific, led by China is reflecting faster than average growth, Europe likely to retain lead in the market.
“While food and beverage manufacturers continue to use artificial sweeteners, consumers continue to seek healthy alternatives, which in turn has bolstered the demand for polyols, which provides consumers sweet flavorings in addition to nutritive benefits, which will drive demand in the industry for the foreseeable future,” says an FMI analyst
Covid-19 Impact Insights
As the coronavirus pandemic continues to hold the global economy in its grip, the potential for recession is high. With food and beverage production being hit by lockdown, especially in the processed foods sector, the sugar alcohol market is expected to be moderately impacted during this period.
The use of sugar alcohols in the production of hygiene products such as hand sanitizers will drive demand during the crisis period, which can be attributed to the largely number of patients, and high-levels of contagiousness of the virus. Applications in the pharma sector are also likely to witness an uptick.
On the other hand, the use of sugar alcohol in the food and beverage sector is likely to fall during the pandemic owing to increased spending on essentials and ready-to-eat foods, while the demand for confectionary and baked goods has slumped.
Competitive Landscape
The global sugar alcohol market is largely fragmented with the presence of many international and regional manufacturers, which has created a competitive market landscape. Some of the leading players in the sector are Cargill Inc., DuPont, Archer Daniels Midland Company, Ingredion Inc., BENEO GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Roquette Freres, A & Z Food Additives, and Beckmann Kenko GmbH, among others.
Market players have largely been emphasizing on the growth of product portfolios with research into healthy offerings, which are in compliance with local regulations, in an effort to keep up with a highly competitive environment. In addition, production capacity expansion is proving to be a positive influence in bolstering market presence.
For instance, DuPont has announced the approval of the European Commission for the applications of the company’s powdered lactitol supplement. Ingredion Inc. has announced the launch of Erysta – a sugar substitute derived from erythritol polyol. Also, Talenti has released a new gelato range which uses a zero-calorie form of sugar alcohol as a sweetening agent.
More Valuable Insights on the Sugar Alcohol Market
In a new report, Future Market Insights provides readers with an unbiased analysis of the global sugar alcohol market, with analysis in terms of historical demand between 2015 and 2019, and forecast data for the period between 2020 and 2030. The report covers growth projections on the sugar alcohol market in terms of product type (sorbitol, mannitol, xylitol, maltitol, lactitol, erythritol, isomalt, and others), end user(food & beverages, pharmaceuticals, and others), and application (bakery goods, sweet spreads, confectionary & chewing gum, beverages, dairy products and others), across seven key regions.
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Sugar Alcohol Market- Report Scope
| Attribute | Details |
| Forecast Period | 2020-2030 |
| Historical Data Available for | 2015-2019 |
| Market Analysis | US$ Mn for Value |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa |
| Key Countries Covered | U.S., Canada, Brazil, Mexico, Germany, France, Spain, U.K., BENELUX, Nordics, Russia, Poland, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC, and South Africa |
| Key Segments Covered | Product Type, End User, Application, and Region |
| Key Companies Profiled |
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| Report Coverage | Market Overview, Key Trends, Success Factors, Demand Analysis, Market Background, COVID-19 Impact Analysis, Segmental Analysis, Regional Profiling, Market Structure Analysis & Competition Analysis |
| Customization & Pricing | Available upon Request |
Key questions answered in the report
- What is the outlook for sugar alcohol market?FMI’s analysis on the global sugar alcohol market has projected the growth trajectory of the industry to be positive, expanding at a moderate rate throughout the forecasting period from 2020 to 2030. The demand is expected to slump moderately until 2021 owing to the COVID-19 pandemic.
- Which are key applications of sugar alcohols?The bakery and confectionery segments are poised to be the major source of revenue for sugar alcohol market players in the years ahead. Growth is largely attributed to a substantial increase convenience food consumption. Moreover, sugar alcohols and finding roles in low-calorie applications.
- Which is the most widely used sugar alcohol?Sorbitol is anticipated to be an extensively used sugar alcohol in ready-to-eat and ready-to-drink food and beverages production. Sorbitol meets safety standards in food applications, is non-carcinogenic, is good for diabetics, minimizes the risk of tooth decay, and has a low-calorie value driving growth.
- Which is the largest market for sugar alcohol globally?Europe is estimated to be the leading market for sugar alcohols. Demand is likely to remain strong owing to confectionery applications in the region throughout the forecast period.
- What is COVID-19’s impact on the sugar alcohol market?FMI has revised prior growth projections, setting valuations at lower levels as compared to the pre-pandemic times. This slump is a result of reduced spending on bakery and confectionery items in favor of essential commodities during the crisis.
This drop in demand is likely to continue until 2021, even as applications in pharmaceutical and sanitizer production will help sustain short-term market prospects.