The global erythritol market size is anticipated to reach USD 225.86 million in 2023, driven primarily by increasing rates of obesity and chronic diseases such as diabetes. Over the period from 2023 to 2033, the market for erythritol is expected to expand at a compound annual growth rate (CAGR) of 7.6%, culminating in an estimated value of around USD 449.6 million by 2033.
Erythritol is a type of sugar alcohol used as a sweetener in the food and beverage industry to improve the taste of various products. It serves as a low-calorie alternative to sugar and is widely utilized in food processing due to its minimal caloric content. High-intensity sweeteners like erythritol account for approximately 10% of the global sugar market.
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Erythritol can be produced through the fermentation of carbohydrates or by reducing sugars with hydrogen. Its low-calorie content and associated health benefits are significant factors driving market growth, a trend expected to continue in the forecast period. Additionally, the rising prevalence of obesity and chronic diseases such as diabetes is likely to be a major driver, further fueling the expansion of the erythritol market.
Key Takeaways
- Due to the rising population size of health-conscious consumers, people are rapidly replacing sugar with healthier versions of sweeteners. Consumers are now becoming watchful of the food products they intake, as they are gradually becoming aware of the fact that food consumed by humans often determines the quality of their health.
- In the present era where people have hectic lifestyles, most foods consumed have a relationship with life-threatening diseases like diabetes, cardiovascular diseases, obesity, and many more. Overconsumption of sugar and other high-calorie food products can cause serious diseases such as diabetes or a high sugar level, which are dangerous to consumers’ health. Due to such disadvantages of processed food, Erythritol is widely consumed.
- In the present era where people have hectic lifestyles, most foods consumed have a relationship with life-threatening diseases like diabetes, cardiovascular diseases, obesity, and many more. Overconsumption of sugar and other high-calorie food products can cause serious diseases such as diabetes or a high sugar level, which are dangerous to consumers’ health. Due to such disadvantages of processed food, Erythritol is widely consumed.
- In the present era where people have hectic lifestyles, most foods consumed have a relationship with life-threatening diseases like diabetes, cardiovascular diseases, obesity, and many more. Overconsumption of sugar and other high-calorie food products can cause serious diseases such as diabetes or a high sugar level, which are dangerous to consumers’ health. Due to such disadvantages of processed food, Erythritol is widely consumed.
- In the present era where people have hectic lifestyles, most foods consumed have a relationship with life-threatening diseases like diabetes, cardiovascular diseases, obesity, and many more. Overconsumption of sugar and other high-calorie food products can cause serious diseases such as diabetes or a high sugar level, which are dangerous to consumers’ health. Due to such disadvantages of processed food, Erythritol is widely consumed.
Competitive Landscape
Prominent players in the market are actively introducing new sweeteners with extensive application in the food & beverage industry. Owing to these factors, the market growth for erythritol is projected to surge over the projected period.
Recent developments:
- Foodchem provides Erythritol as a sugar substitute in various sectors, assuring high-quality standards and tailor-made solutions for its customers.
- Mitsubishi-Kagaku Foods is dedicated to the creation of novel Erythritol-based goods such as tabletop sweeteners, functional drinks, and confectionary items.
Key Companies Profiled
- Foodchem International Corporation
- Cargill Inc.
- Incorporated
- JUNGBUNZLAUER SUISSE AG
- Shandong Sanyuan Biotechnology Co., Ltd
- Van Wankum Ingredients
- HYET Sweet
- SOPURE STEVIA
- Baolingbao Biology
- Nikken-Chemical
- Tate & Lyle
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Key Segments Covered in the Erythritol Industry Analysis
Erythritol Market by Form:
- Powder
- Granular
Erythritol Market by Application:
- Erythritol for Beverage
- Erythritol for Pharmaceuticals
- Erythritol for Cosmetics
- Erythritol for Bakery and Confectionery
- Erythritol for Dairy
- Erythritol for Other Applications
Erythritol Market by Region:
- North America Erythritol Market
- Latin America Erythritol Market
- Europe Erythritol Market
- Asia Pacific Erythritol Market
- Middle East & Africa Erythritol Market
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