The worldwide polyol sweeteners market is expected to grow positively from USD 4,100 million in 2023 to USD 4,317.3 million in 2024. Moreover, the polyol sweetener market is anticipated to develop at a CAGR of 7.19% and reach a valuation of USD 8,213.4 million by 2034.
The polyol sweeteners industry is witnessing growth due to factors such as the increasing adoption of low-calorie diets across the globe. Secondly, there is a growing trend toward using artificial sugar substitutes. This is evolving the industry to dive in new directions as manufacturers strive to meet the changing needs of consumers. As a result, we can expect to see continued growth in the polyol sweeteners industry in the coming years.
Polyols, hard-to-digest carbohydrates, offer health benefits and are sweet without affecting blood sugar or tooth decay. The demand for sugar-free diets is expected to rise in the next decade. Polyol sweeteners have high spreading potential and lower dental decay in over-the-counter drugs. The market for polyol sweeteners can be divided into fluid and powder segments, with powder-state polyol sweeteners expected to remain dominant and in high demand.
Governments and consumers worldwide focus on reducing sugar intake to combat diabetes and obesity, using sweeteners to reduce calorie and sugar intake. Sugar levies and controls have led to growth in the sector as manufacturers comply with regulations.
The growing use of sugar alternatives, healthy diets, organic foods, lower calorie consumption, and natural components in nutritional supplements, pharmaceuticals, and cosmetics, as well as healthcare trends, health education, and lifestyle changes, are driving the global market for polyol sweeteners.
Lead Analyst states, “The significant increase in demand for sugar-free and low-calorie goods, as well as increased consumer awareness of health and wellness and growing worries about obesity and diabetes, are all contributing factors to the expansion. Furthermore, it is anticipated that the worldwide market for polyol sweeteners will continue to be competitive and expand as producers make research and development investments to create cutting-edge goods that meet shifting customer demands and market trends.”
Key Takeaways from the Polyol Sweetener Market:
- The United States sugar substitute polyols market is increasing at a CAGR of 3.4%.
- China’s diabetic-friendly sweeteners market is projected to evolve at a CAGR of 5.4% until 2034.
- During the forecast period, Germany’s Polyol-based food products market is expected to achieve a CAGR of 2.5%.
- Japan low-calorie sweeteners market is anticipated to expand at a CAGR of 4.4% over the projected period.
- The market for polyol Sweeteners in Australia is likely to capture a 6.5% CAGR through 2034.
Key Strategies:
The worldwide polyol sweetener market is expected to expand due to industry players’ spending on research and development, new product launches, contracts, mergers and acquisitions, effective investments, and collaboration with other companies. To survive in a cutthroat market, the industry must provide fair-quality goods and produce sugar polyols locally to save expenses. Manufacturers help customers and expand the market sector by employing this cutting-edge marketing strategy.
Recent Developments:
- Gulshan Polyols Ltd. was given a contract in December 2023 to supply ethanol and polyol replacements for ethanol processing to oil marketing businesses.
- NutraSweet launched Reb M+ stevia leaf extract in October 2023, a low-calorie, natural sweetener that can be coupled with polyols, underlining the trend of mixing multiple sweeteners for maximum functioning and flavor.
Key Companies in the Polyol Sweetener Market
Cargill, Inc., Sweeteners plus, LLC, Fooding Group, Zibo Shuohui Chemical Co Ltd, Splenda, Truvia, Stevi0cal, Sweet sante, B Food Science Co., Ltd., Gulshan Polyols Ltd., Ingredion Inc., Roquette Frères, PT. Ecogreen Oleochemicals, Mitsubishi Corporation Life Sciences Ltd., Tereos, SPI Pharma, HYET Sweet, Jungbunzlauer Suisse AG, DFI Corp., Sukhjit Starch & Chemicals Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd., Shandong Futaste Co., Dancheng Caixin Sugar Industry Co. Ltd., Shijiazhuang Huaxu Pharmaceutical Co., Ltd., DuPont Nutrition & Health (Danisco), zuChem, Zibo Shunda Biotech Co., Ltd., Hylen Co., Ltd., BENEO GmbH, Foodchem International Corp.
Market Segmentation
By Type:
- Sorbitol
- Erythritol
- Maltitol
- Mannitol
- Isomalt
- Xylitol
- Others
By Form:
- Powder
- Crystal
- Liquid
- Syrup
By Application:
- Bakery
- Confectionery
- Beverages
- Dairy
- Oral Care
- Pharmaceuticals
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
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