Sugar Alcohol Market Size, Share, Growth Analysis, By Type(Sorbitol and Mannitol), By Application(Food and Beverages, Pharmaceuticals, and Personal Care and Cosmetics), By Region - Industry Forecast 2024-2031

Sugar Alcohol Market size was valued at USD 3.98 billion in 2022 and is poised to grow from USD 4.22 billion in 2023 to USD 6.78 billion by 2031, growing at a CAGR of 6.1% during the forecast period (2024-2031).

The global sugar alcohol market is poised for significant growth in the coming years due to the increasing demand for low-carbohydrate options and the growing health consciousness among consumers worldwide. This trend is driven by the desire for healthier food and beverage choices. Moreover, the rising prevalence of obesity and diabetes in the population further fuels the demand for sugar alcohol products. Sugar alcohol is an organic compound derived from sugars that contains a hydroxyl group attached to a carbon atom. The most commonly used sugar alcohols include sorbitol, mannitol, xylitol, maltitol, glycerol, lactitol, arabitol, erythritol, isomalt, and hydrogenated starch hydrolysates (HSHs). These sugar alcohols are widely employed as low-calorie sweeteners in the production of sugar-free or low-sugar items such as food additives, toothpaste, medicines, and beverages. The increasing awareness of the detrimental effects of excessive sugar consumption has prompted consumers to seek alternative sweeteners that provide a similar taste without the associated health risks. Sugar alcohols offer an attractive solution, as they can mimic the taste of sugar while containing fewer calories and having a lower impact on blood sugar levels.

US Sugar Alcohol Market is poised to grow at a sustainable CAGR for the next forecast year.