Sugar Polyols Market - Forecast(2023 - 2028)

Sugar Polyols Market Overview

Sugar Polyols Market size was estimated at $3.1 billion in 2020, projected to grow at a CAGR of 4.6% during the forecast period 2021-2026. Sugar Polyols industry has witnessed huge demand owing to the rising need for sugar replacements in the food and beverage sector, as well as rising consumer awareness of general health and wellbeing. Sugar alcohols, also known as polyhydric alcohols or sugar polyols, are sugar substitutes that are found in nature. The seven sugar alcohols permitted for usage in food items across the world are erythritol, sorbitol, xylitol, maltitol, isomalt, lactitol, and mannitol. Polyol sweeteners are saccharide derivatives produced by fermenting or hydro-generating carbohydrates from bio-waste such as birch bark, maize cobs, and pulp and paper waste. They are hydrogenated mono- (erythritol, xylitol, sorbitol, mannitol), di- (lactitol, isomalt, maltitol), or polysaccharides (erythritol, xylitol, sorbitol, mannitol) (maltitol and sorbitol syrups). Consumers and manufacturers alike like their lower calorie value, which is comparable to sucrose sweetness, as well as their reduced caloric value. These substances, also known as sugar alcohol, and are used as a beneficial “natural” element in a variety of applications, including food, pharmaceuticals, cosmetics, and other technical and chemical sectors.

Sugar Polyols Market Report Coverage

The report: “Sugar Polyols Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Sugar Polyols Market.

By Product Type:  Xylitol, Isomalt, Sorbitol, Maltitol, Mannitol, and Others
By Form: Liquid, Powder
By Function: Bulking Agents, Humectants, Flavoring & Sweetening Agents, Excipients, and Others
By Application: Food & Beverage Industry, Pharmaceuticals, Cosmetics & Personal Care, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

• Sugar Polyols Market expansion is expected to be aided by increased consumer knowledge of diabetes and weight control is predicted to boost demand for low-calorie meals containing polyols even higher.
• Sugar-free confectionery, chewing gum, and diabetic meals with reduced caloric content are among the key application areas driving growth in the worldwide polyols market.
• Increased R&D to develop novel, safer, and novel sugar substitutes, as well as an increase in the number of individuals suffering from chronic diseases such as diabetes, are driving market expansion.
• The Sugar Polyols Market is expected to face challenges due to high manufacturing costs and the danger of adverse effects from sugar polyols intake.

Sugar Polyols Market: Market Share (%) by Region, 2020

Sugar Polyols Market Segment Analysis – By Product Type:

Based on Product Type, Sugar Polyols market is segmented into Xylitol, Isomalt, Sorbitol, Maltitol, Mannitol, and Others. Sorbitol segment is accounted for the largest revenue market share in 2020 owing to its variety of applications, as it is employed as a bulking agent, sequestrant, thickener, sweetener, and humectant. These applications are majorly attributed to its increasing use as a stabilizer and excipient in medication formulation as well as in the synthesis of synthetic vitamin C. This has led to the increased demand of sorbitol in the pharmaceutical industry. Also, Sorbitol demand in bakery and confectionery applications is predicted to grow gradually due to its ability to maintain freshness, prevent degradation, and keep the water content in goods like cakes, bread, creams, and jellies at a steady level. Sorbitol is a cryoprotectant element in surimi, an uncooked and highly refined fish paste. It's also used to combine flavors in drinks like fruit juices and carbonated beverages. In addition, extending the industry's application breadth in the paints and coatings, textile, surfactant, and tobacco industries is likely to open up new potential prospects. Mannitol Segment is predicted to grow with the fastest CAGR of 5.1% in the forecast period 2021-2026 owing to its capacity to lower intracranial pressure in the skull and treat patients with oliguric renal failure, the demand for mannitol-based sweeteners in pharmaceutical applications is expected to develop steadily. In the latter case, the medication is given intravenously and subsequently filtered by the kidneys. Mannitol has a pleasant flavor (slightly sweet) and a pleasant texture, making it suitable for chewable, sublingual, and orodispersible tablet formulations. Furthermore, mannitol is not a reducing sugar, unlike lactose, a common standard excipient used as a filler.

Sugar Polyols Market Segment Analysis – By Application:

Based on Application, Sugar Polyols market is segmented into Food & Beverage Industry, Pharmaceuticals, Cosmetics & Personal Care, and Others. Food & Beverage segment is accounted for the largest revenue market share in 2020 owing to its healthy substitution to sugars. As part of a sugar-free diet, polyols can be used to substitute sugar in a variety of items. Chewing gums, sweets, ice cream, baked goods, and fruit spreads are examples of sugar-free foods and products. Owing to their non-hygroscopic properties, they can reduce insulin response by having a low glycemic response and decreasing the risk of diabetes. Sugar alcohols are also frequently used to coat confectionery goods like chewing gums and sweets. They can minimize insulin response by having a low glycemic response and lowering the risk of Polyols like mannitol, sorbitol, and xylitol have less calories than sucrose but have the same sweetening effects. Cosmetics & Personal Care anticipated to grow with the fastest CAGR of 5.4% in the forecast period 2021-2026. This is majorly attributed to the Growing consumer awareness of oral hygiene and dental health is expected to boost demand for polyol sweetener-based oral care products including mouthwash and toothpaste, boosting industry growth.

Sugar Polyols Market Segment Analysis – By Geography   

Based on Geography, North America Sugar Polyols Market accounted for the 44% revenue share in 2020 owing to the rising number of health-conscious customers in this region. Stringent laws aimed at reducing greenhouse gas (GHG) emissions are expected to boost demand for bio-based surfactants, propelling the Sugar Polyols Market in this area to new heights. Polyol sweeteners have been approved by the US Food and Drug Administration (FDA) for use in food as food additives or as Generally Recognized as Safe (GRAS) substances or compounds. Erythritol, isomalt, sorbitol, lactitol, polyglycitols, and maltitol are GRAS products, but mannitol is a temporary food additive and xylitol is permitted for use in special dietary products. Furthermore, the popularity of clean label products is expanding, as is buying power parity, as well as the expanding use of sugar-free and sugar-reduced medicinal items and nutritional supplements is poised to grow with the fastest CAGR in the forecast period 2021-2026. Also, as consumers are becoming more aware of the harmful health implications of excessive sugar intake, the market is likely to rise rapidly. Furthermore, governments in a number of countries are imposing sugar levies on sugar-containing items in order to combat lifestyle diseases including obesity and diabetes, which is projected to drive market expansion.

Sugar Polyols Market Segment Analysis-Drivers                                    

Low-calorie sweeteners are becoming more popular:

Sugar Polyols Market is growing attributed to rising consumer preference for low-calorie sweeteners. The use of low-calorie sweeteners like xylitol and sorbitol in place of sugar is expected to lower calorie intake and thus aid in weight and blood sugar management. Low-calorie sweeteners, drinks, and foods, such as snack bars, yogurt, ice cream, and grain-based sweets, are becoming increasingly popular. As many artificial sweeteners have been shown to have long-term health worsening consequences, global market trends indicate that consumers are turning toward healthier, natural, zero-calorie sweeteners. In emerging nations, urbanization, a growing working-women population, and increased family income are increasing demand for natural sweeteners. Overall, the increased demand for natural food components is allowing food sweeteners to expand into new markets. As a result, the Sugar Polyols Market is expected to increase during the projected period 2021-2026.

Sugar Polyols Market Segment Analysis-Challenges

High Manufacturing Costs and the Possibility of Sugar Polyols' Negative Effects if Consumed in Excess:

The high manufacturing cost and danger connected with the negative effect of sugar polyols overconsumption are two factors that are expected to stymie the Sugar Polyols Market's expansion. Furthermore, excessive sugar alcohol consumption may cause gastrointestinal symptoms such as gas and/or laxative effects. In this situation, the unabsorbed polyol sweetener enters the large intestine of the human body and binds with water, resulting in fermentation, diarrhea, and gas. The US Food and Drug Administration (FDA) requires the laxative warning for foods containing more than 10% sugar alcohols.

Sugar Polyols Market Segment Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Sugar Polyols Market. Sugar Polyols Market top 10 companies are Cargill, Inc., BENEO GmbH, DuPont Nutrition & Health (Danisco), DFI Corporation, Jungbunzlauer Suisse AG, CSPC Shengxue Glucose Co., Ltd., Archer Daniels Midland Company, Baolingbao Biology Co. Ltd,  B Food Science Co., Ltd., DHW Deutsche Hydrierwerke GmbH, Hebei Huaxu Pharmaceutical Co., Ltd., Ingredion Incorporated

Acquisitions/Product Launches:

ERYSTA Erythritol was released by Ingredion Inc. in May 2020 for the food and beverage processing business in the Europe-Middle East-Africa (EMEA) area. This strategic project sought to enable manufacturers to replace or decrease sugar in a variety of applications to achieve nutrition-related claims such as "calorie-reduced" or "no added sugar."

Related Reports:       

Polyol Sweeteners Market -Forecast (2021-2026)

Report Code: FBR 33574

Sugar Alcohol Market-Forecast (2020-2025)

Report Code: FBR 0265

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