Global Erythritol Market Size, Trends & Analysis - Forecasts to 2026 By Application (Food and Beverage Industry [Food Industry, Beverage Industry], Personal Care Industry [Oral Care and Other Products], Pharmaceutical Industry, Others (Agriculture/Animal Feed)), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Erythritol Market Insights
The global erythritol market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing demand for high intensify sweeteners among food & beverage and pharmaceutical industries is expected to propel the market growth during the forecast period. Growing demand for low calories and zero calories sweeteners is also expected to drive the market growth. Erythritol has many benefits such as, zero calorie sweetener, high digestive tolerance compared to sucrose; moreover they do not cause tooth decay. The high price of erythritol and availability of substitutes for erythritol in the market are likely to hamper the market growth during the forecast period.
Erythritol Market: By Application
On the basis of application, the global erythritol market is segmented into food & beverages, personal care, and pharmaceutical among others. The food & beverage industry is expected to hold the largest market share during the forecast period. Food and beverages industry is further segmented into food industry and beverage industry. Erythritol is used as sweetener and protective agents in confectionaries and also used as additives in low calorie diet food. Pharmaceutical industry is expected to grow at a significant CAGR during the forecast period. Erythritol is used as a flavoring agent in the pharmaceutical industry.
Erythritol Market: By Region
Asia Pacific is expected to witness considerable growth in the Erythritol market during the forecast period. The expanding food & beverage and pharmaceutical sector and increasing foreign investments in the region are the major factors driving the erythritol market growth. The presence of developing nations such as China, India, Japan and South Korea among others in the region along with growing population in the region are some of the major factors expected to propel the market growth during the forecast period.
Erythritol 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, PepsiCo, Abbott Laboratories and Tyson Food among others.
Erythritol Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Erythritol 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.
Erythritol Market Share & Competitor Analysis
Some of the key players operating in the Erythritol market are Foodchem International Corporation, JUNGBUNZLAUER SUISSE AG, Cargill Inc., Incorporated, and Shandong Sanyuan Biotechnology Co., Ltd, among others.
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The global Erythritol Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Erythritol Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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