USD 3021.13 million
Report ID:
SQMIG15E2349 |
Region:
Global |
Published Date: February, 2024
Pages:
270
|Tables:
122
|Figures:
77
Polyol Sweeteners Market size was valued at USD 3195.8 Million in 2023 and is poised to grow from USD 3380.84 Million in 2024 to USD 5305.58 Million by 2032, growing at a CAGR of 5.79% during the forecast period (2025-2032).
Polyols are adaptable, low-calorie sweeteners that don't include sugar. Polyols range from 30% to 100% as sweet as sucrose in terms of sweetness. Polyols will continue to be important in food and pharmaceutical applications due to the obesity issue and ageing population in the United States and other industrialised countries, as well as the rising concern for people's general health and oral health issues in developing countries. In order to make these items more economical, manufacturing businesses and researchers will concentrate on developing methods to optimise the polyol production processes.
Due to the unique characteristics of polyols—properties that are absent from many other bulk sweeteners—they can be employed in bread items. Cakes, biscuits, pastries, fillings, and icings are the principal uses in the bakery industry. Polyols are also frequently used in confectionery products such crushed tablets, sugar-free candies, chocolate, pastilles, jellies, and toffee or caramel. The growing demand for low-calorie foods and beverages as people's awareness of their health increases and the pharmaceutical industry's extensive use of polyols are the reasons expected to fuel the market’s expansion during the coming years.
US Polyol Sweeteners Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3021.13 million
Largest Segment
Powder based Sweeteners
Fastest Growth
Liquid based Sweeteners
Growth Rate
5.79% CAGR
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Global Polyol Sweeteners Market is segmented based on the product type, form, function, application, and region. Based on product type, global polyol sweeteners market is segmented into Sorbitol, Xylitol, Mannitol, Maltitol, Isomalt, and others. Based on form, the market is bifurcated into Powder and Liquid. According to function, it is segmented into flavoring & sweetening agents, bulking agents, excipients, humectants, and others. On the basis of application, it is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, and others. Based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Polyol Sweeteners Market Analysis by Product
Sorbitol-based sweetener segment dominated the global polyol sweetener market in 2021. Due to its ability to maintain freshness, prevent deterioration, and maintain a constant water content in products like cakes, bread, creams, and jellies, the demand for sorbitol in bakery and confectionery applications is predicted to grow steadily. Cryoprotectant additive sorbitol is used to create surimi, an uncooked and highly refined fish paste. Additionally, the item is used to balance flavours in drinks like fruit juices and carbonated beverages.
The Mannitol-based sweetener segment is anticipated to grow at a high CAGR during the forecast period. Due to its ability to treat patients with oliguric renal failure and lower intracranial pressure, the demand for mannitol-based sweeteners in pharmaceutical applications is anticipated to grow steadily. The product is given intravenously in the latter case, where it is filtered by the kidney.
Polyol Sweeteners Market Analysis by Form
The powder-based polyol sweetener segment dominated the market share of the global market in 2021. Various food products, including candies, chewing gum, and baked goods, are produced using polyol sweeteners in the form of icing powder. The product is widely utilized as a drug component in the pharmaceutical industry in the form of solid crystals. Due to their simpler handling, easier transportation and storage, and longer shelf-life, which exhibits decreased chances of spoilage, powdered or crystallised sugar alcohols are predicted to experience steady growth over the forecast period.
High water solubility makes liquid or syrup-based polyol sweeteners ideal for creating medicinal and nutraceutical formulations. The liquid sugar alcohols segment is predicted to increase in response to the increased consumer awareness of low-calorie intake and the growing need for organically produced sugar replacements.
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Europe region dominated the global polyol sweetener market in 2021. Polyol sweeteners market in the region is predicted to demonstrate promising growth over the future years, owing to the desire for natural ingredients and quickly developing personal care industry in countries, such as Italy, France, and Germany. Additionally, the European Parliament introduced a provisional agreement intended to encourage the development of naturally-derived products which has anticipated the growth over the forecast period, increasing market demand for polyol sweeteners in the European food processing sector. Polyol sweeteners are also employed as emulsifiers, foaming and wetting agents, detergents, and dispersants. It is anticipated that increasing demand for bio-based goods in Europe would encourage the use of bio-based surfactants like sorbitol and rhamnolipids. The need for bio-based surfactants is projected to increase due to strict restrictions to reduce greenhouse gas (GHG) emissions, which will support market expansion in Europe.
According to estimates, the market in Asia Pacific would grow at the quickest rate by 2028. This can be attributed to improved buying power parity and the growing usage of sugar-free and sugar-reduced medicinal items and nutritional supplements.
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Polyol Sweeteners Market Driver
Polyol Sweeteners Market Restraint
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Global Polyol Sweeteners Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Polyol Sweeteners Market Top Player's Company Profiles
Polyol Sweeteners Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Polyol Sweeteners Market analysis, global demand for polyol sweeteners is being driven by increased use of sugar substitutes in food preparation, a trend toward healthy diets, organic food consumption, and low-calorie foods, as well as increased use of natural ingredients in the pharmaceutical, cosmetic, and nutritional supplement industries. Due to the widespread usage of beverages, the industry is anticipated to have promising growth of sugar substitutes in a variety of drinks. To fulfil the rising demand for zero-calorie goods, the producers are creating functional drinks using polyol sugar alternatives. Increased health issues including diabetes, tooth decay, and obesity brought on by sugar-rich confectionery products are fueling the market for polyol sweeteners. As a result, customers are far more willing to spend money on food that offers higher health benefits without losing flavour due to this understanding.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3021.13 million |
Market size value in 2031 | USD 5015.2 million |
Growth Rate | 5.79% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
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Parent Market Analysis
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KEY MARKET INSIGHTS
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MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Polyol Sweeteners Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyol Sweeteners Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyol Sweeteners Market:
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Polyol Sweeteners Market size was valued at USD 3021.13 million in 2019 and is poised to grow from USD 3195.8 million in 2023 to USD 5015.2 million by 2031, growing at a CAGR of 5.79% in the forecast period (2024-2031).
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Report ID: SQMIG15E2349
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