According to the current analysis of Reports and Data, the Global Polyol Sweeteners Market was valued at USD 2,844.3 Million in 2020 and is expected to reach USD 4,328.4 Million by the year 2028, at a CAGR of 5.6%. The growing demand to curb sugar in consumer products is a key factor influencing market demand. Polyol sweeteners have become widely accepted especially in food industry particularly in bakery and confectionery industry where serving sizes are generally smaller and sugar-free has become common. The portfolio of polyol sweeteners available in the market offer a wide range of benefits including heat stability, stability in cold and frozen products, ease of crystallization, and solubility among others which allows convenient replacement of sweeteners and sucrose in many formulations.
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Growing health concerns associated with the consequent high intake of sweeteners and increasing consumption of low-calorie foods by the worldwide population are anticipated to create lucrative growth opportunities for the market. Based on scientific studies, the sweetness of polyol sweeteners varies from 25 to 100% as compared with table sugar, whereas artificial sweeteners are 30 to even 13,000 times sweeter than sucrose. Thus, the product is being increasingly adopted in beverages, ice cream chewing gum, chocolate, jams/jellies, yogurt and salad dressings in small amounts to achieve the desired level of sweetness. Moreover, polyols are being used as anti-caking agents and as stabilizers and thickeners.
Europe is projected to dominate the market in the forecast period. Rise in awareness towards weight management food and risks associated with high consumption of sugar is anticipated to boost demand. Presence of key market players in the region including Roquette Frères S.A. (France), Südzucker AG (Germany), and Tereos Starch & Sweeteners (France) is also expected to influence market growth.
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Some of the Leading Market Players Are Listed Below:
· Cargill,
· Archer Daniels Midland Company,
· E.I. Du Point De Nemours and Company,
· Batory Foods,
· Roquette Frères S.A.,
· Ingredion Incorporated
· Others
Market Segmentation:
Type (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Sorbitol
- Erythritol
- Maltitol
- Isomalt
- Xylitol
- Others
Form (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Powder
- Syrup
Application (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Food
- Beverages
- Dairy
- Oral Care
- Pharmaceuticals
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Polyol Sweeteners market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polyol Sweeteners market.
The global Polyol Sweeteners market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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