The polyol sweeteners market was worth USD 2.9 billion in 2017 and is expected to increase at a CAGR of 6.2 percent from 2017 to 2022, when it will be worth USD 3.8 billion. According to new data from the Global Polyol Sweeteners Market Analysis, global demand for powdered polyol grew by 6.6 percent year over year (YoY) in 2022.
Growing R&D to discover new, healthier, and innovative sugar replacements, as well as an increase in the number of people with chronic diseases like diabetes, are factors in the market’s growth, according to the research. The research provides a thorough analysis of the market, including key growth drivers, restraints, opportunities, and current trends. It employs novel research methods to provide the most accurate market analysis.
Polyols are utilised as sugar substitutes in a variety of sugar-free diets, which is a major driver of global market growth. Polyols are a type of low-calorie sweetener that is increasingly being utilised in sweets, gums, ice creams, and baked products. Polyols are becoming more widely used, which will lead to increased market growth.
Polyols are a type of carbohydrate that is difficult to digest. While they have a similar structure to sugar, they offer distinct functional advantages. The fact that polyols do not induce tooth decay is very important. Polyols have a sweet flavour and a variety of functional features, but they also have a number of health benefits. They do not, for example, produce an increase in blood sugar levels.
It contains in-depth information about the polyol sweetener market. Here are a few examples:
- One of the key drivers of the worldwide polyol sweeteners business is the increased attention on health issues among consumers.
- Over the projection period, the powder category is expected to grow at a rapid CAGR.
- On the worldwide polyol sweeteners market, erythritol is expected to grow at a significant rate.
- On the worldwide polyol sweeteners market, Asia-Pacific is expected to offer lucrative growth possibilities.
- To remain competitive in mature markets, key businesses would likely focus on product development.
- Despite increased demand for healthier food and beverage products, the change in purchasing patterns caused by the Coronavirus outbreak will have an impact on growth.
The demand for polyol sweeteners in North America is the highest in the world. Increased functional food consumption, increased inclination to live a healthier lifestyle, and a growing trend in health and wellness are all contributing to the growth of this sector. Nonetheless, the Asia-Pacific region has promising development prospects for polyol sweetener consumption during the projection period. Rapid urbanisation, higher disposable income, increased diabetes prevalence, expanded functional food sector, increased usage of polyols in nutraceuticals, and increased polyol output in the area are all factors contributing to this.
As concerns about the COVID-19 outbreak grow, the food industry is ready for big changes. To satisfy growing demand, businesses alter their operations. Purchasing teams shift their focus away from traditional bargaining and toward maintaining a sufficient supply of in-demand commodities. Many businesses have put in place contingency plans to prepare for more severe supply chain disruptions, both globally and within the United States. To avoid cross-regional transportation limitations, food dealers must ensure local procurement. Producers with facilities in other countries have begun partnering with local suppliers to keep the product flowing.
Who is the victor?
The global market for polyol sweeteners is fiercely competitive, and the top companies have employed a variety of strategies to expand their footprints in this sector, including new product launches, extensions, alliances, joint ventures, partnerships, and acquisitions. Cargill, Incorporated., Archer Daniels Midland Company, Roquette Frères, Ingredion Incorporated, Jungbunzlauer Suisse AG, Gulshan Polyols Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd, Roquette Frères, Mitsubishi Corporation., HYET Sweet. are some of the major competitors currently operating in the global polyol sweeteners market.
POLYOL SWEETENERS MARKET TAXONOMY
The global Polyol Sweeteners market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Bakery & Confectionery
- Oral Care
- North America
- Latin America
- East Asia
- South Asia