The Global Polyol Sweeteners Market was valued at US$ 3,195.8 Million in 2022, according to Global Polyol Sweeteners Market Report, by Product Type (Sorbitol, Erythritol, Maltitol, Isomalt, Mannitol, and Others), by Application (Bakery & Confectionery, Beverages, Dairy, Oral Care, Pharmaceuticals, and Others), by Function (Flavoring Or Sweetening Agents, Bulking Agents, Excipients, Humectants, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.
The global polyol sweeteners market is projected to surpass US$ 5,015.2 Million by 2030, exhibiting a CAGR of 5.79% during the forecast period. Increasing demand for healthier and low-calorie sweeteners is expected to propel the growth of the global polyol sweeteners market over the forecast period. Increasing occurrences of diseases due to changes in lifestyle such as obesity, hypertension, atherosclerosis, and heart disease have resulted in increased demand for low-calorie and sugar-free products. According to the European Association of Polyol Producers, the energy value for normal sugar is 17kJ/gram (4kcal/gram) whereas, the energy value for polyols is 10 kJ/g or 2.4 kcal/g. Moreover, as per the same source, the energy value for erythritol polyol sweetener is 0 kcal/g. This indicates that polyols have a lower calorific value than sugar. Therefore, rising health awareness is shifting consumer preference towards lower calorific food products, which in turn is expected to drive the growth of the global polyol sweeteners market over the forecast period. Moreover, Covid19 has had a significant impact on th global polyol sweeteners market. Polyol sweteners are commonly used as a sugar substitutes. The supply chain disruptions caused by the pandemic also impacted the market. Polyol sweeteners are typically sourced from Asia, where the pandemic first hit. As a result the supply chain of these sweeteners was impacted, and prices increased. This led to challenges for manufacturers, who have had to find alternative sorces of these sweeteners or switch to other types of sweeteners altogether.
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Browse 25 market data tables* and 15 figures* on "Global Polyol Sweeteners Market” - Global forecast to 2030
Key Trends and Analysis of the Global Polyol Sweeteners Market:
- Key players operating in the global polyol sweeteners market are focused on offering new products such as sweetener products containing a blend of various sweeteners, in order to attract a consumer base. For instance, in 2017, The Sola Company, LLC, a U.S.-based food company, launched Sola low calorie sweetener. This sweetener is a blend of erythritol, tagatose, maltitol, monk fruit extract, xanthan gum, stevia leaf extract, and natural flavors. This Sola sweetener contains 75% fewer calories than normal sugar and 0 grams of net carbohydrates.
Key Takeaways of the Market:
- Global polyol sweeteners market is expected to grow significantly during the forecast period, owing to the high growth of end use industries such as bakery & confectionery. For instance, according to a report titled 'Sector Trend Analysis of Bakery Products' published by Agricultural and Agri-food department of Canada in December 2016, the worldwide bakery market in terms of retail value reached US$ 338.7 billion in 2015 from US$ 321.8 billion in 2014, with a CAGR of 4.7% during the period 2010-2015. Moreover, according to the annual report of the Federation of Bakers of the U.K., published in 2018, the bakery industry was a US$ 4.06 billion industry in the U.K. at retail sales value in 2017.
- Moreover, North America held a significant market share in the global polyol sweeteners market in 2022, owing to the growth of end use industries such as the pharmaceutical industry. For instance, according to a report ‘The Pharmaceutical Industry and Global Health’ published by The International Federation of Pharmaceutical Manufacturers & Associations in 2017, the share of the U.S. in the global pharmaceutical market will increase from 40.3% in 2015 to 41% in 2020. Therefore, the growing pharmaceutical industry in the U.S. is expected to drive the growth of the polyol sweeteners market in North America.
- Furthermore, naturally occurring polyols such as erythritol, xylitol, and sorbitol are expected to gain major traction over the forecast period. Artificially prepared polyols are also present in the market such as maltitol, however, consumer preference is expected to shift towards natural polyols, owing to rising awareness regarding the toxic nature of chemically synthesized/artificial food ingredients.
- Major players operating in the global polyol sweeteners market include Cargill Inc., Archer Midland Daniels Company, Ingredion Incorporated, Roquette Freres, B Food Science Co. Ltd., Tereos Starch and Sweeteners, DuPont de Nemours, Inc., Gulshan Polyols Ltd., Jungbunzlauer Suisse AG, and Merck Group
