Maltitol Market Insights
The global Maltitol market is estimated to witness a high CAGR during the forecast period (2019-2026). Increase in application of maltitol among food, beverage and pharmaceutical industries is expected to drive the market during the forecast period. Increasing inclination towards the consumption of sugar free or low sugar containing food & beverages is also propelling the market growth for maltitol. Rising health awareness and self-consciousness especially among the young population has increased focus towards diet and weight loss for healthy life, which is further expected to fuel the market growth during the forecast period. However, high cost and availability of substitutes such as artificial sweeteners are likely to hamper the market growth.
Maltitol Market: By Form
On the basis of form, the global maltitol market is segmented into powder and syrup. The powder segment is expected to hold the largest market share during the forecast period. Growing demand for sugar free products is one of the major factor driving the market for maltotol. Powder based maltitol are widely used in pharmaceutical industry. The powdered maltitol possess certain health benefits such as tooth friendly, lower calories & slow energy release, and low glycaemic index among others. Syrup segment is expected to grow at a significant CAGR during the forecast period. Syrup form maltitol are used in beverages industry.
Maltitol Market: By Application
On the basis of application, the market is segmented into fermented products, hard candies, cream filling, chocolate, coating, chewing-gum, fruit filling, ice-cream, and fondant among others. Chocolates and cream filling segment is expected to hold the significant market share during the forecast period. Maltitol are extensively used as sweeteners in food & beverage sector. Maltitol is a polyol, a white crystalline powder used as a sugar substitute, which contains 75-90% of the sweetness of sucrose with nearly identical properties. It is widely used in baked goods, beverages, cake mixes, chocolate, cream centers. The changing food habits along with growing demand for clean label products is witnessing favorable condition for growth.
Maltitol Market: By End Use Industry
Based on end use industry, the Maltitol market is segmented into food & beverage, bakery, confectionary, diary, frozen food, and pharmaceuticals among others. Food segment is dominating the market and is projected to grow at a high CAGR in terms of revenue during the forecast period. Rapid urbanization and growing number of population across the globe is expected to drive the food market during the forecast period. Pharmaceutical sector is expected to grow at the significant market share between 2019 and 2026. Increasing occurrences of diabetes, heart disorders, and high sugar problem are some of the major factors expected to propel the market growth for pharmaceutical industry during the forecast period.
Maltitol Market: By Region
North America is expected to hold the largest market share during the forecast period. Reduction of sugar content in F&B products is one the key trends propelling the market for maltitol in the region. Presence of leading food & beverage companies such as PepsiCo, Nestle, Tyson Group, Kraft Foods and Coco Cola among others is driving the market growth in the region. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific has emerged as the leading producer of Maltitol. The expanding pharmaceutical sector and increasing foreign investments in the region are the major factors driving the Maltitol market growth.
Maltitol Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are, Nestle BASF, and Coco Cola among others.
Maltitol Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Maltitol market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Maltitol Market Share & Competitor Analysis
Some of the key players operating in the Maltitol market are Tate & Lyle PLC, Archer Daniels Midland Company, Cargill Incorporated, E.I. du Pont de Nemours and Company, Futaste Co., Ltd., Ingredion Incorporated, Roquette Freres, Zhejiang Huakang Pharmaceutical Co., Ltd., and TCI America among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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