Global Isomalt Market Size, Trends & Analysis - Forecasts to 2026 By Raw Material Type (Genetically Modified [GM], Non-Genetically Modified), By Application (Food, Pharmaceutical, Beverages, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Isomalt Market Insights
The global isomalt market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing demand for isomalt from the food & beverage industry is driving the market growth. Low calorie content, texture and taste similar to common sugar are some of the major factors propelling the market for isomalt. They are extensively used in a wide array of products that require sweetening such as candies, desert toppings, chewing gums, beverages and baked goods among others. The availability of sugar substitutes with a varying degree of prices and calorie contents are likely to hamper the market growth during the forecast period.
Isomalt Market: By Raw Material Type
On the basis of raw material type, the global Isomalt market is segmented into genetically modified and non-genetically modified. The genetically modified segment is expected to hold the largest market share during the forecast period. The majority of the sugar beet cultivators shifted to genetically modified based sugar beets in the United States. Genetically modified isomalts offers different properties such as more nutritious, high food quality, and medical benefits among others are driving the market for genetically modified isomalts.
Isomalt Market: By Application
On the basis of application, the market is segmented into food, beverages and pharmaceuticals among others. Food segment is expected to hold the significant market share during the forecast period. Isomalt is extensively used in a wide number of products such as baked goods, sweet spreads such as jams and jellies, sugar-free confectionery and chewing gums among others. Isomalts are more stable and resistant to humidity compared to other sugar alcohols. The pharmaceutical sector is expected to grow at a significant CAGR during the forecast period. Isomalts are also used as a coating agent on sugar-coat tablets and as an ingredient in lozenges.
Isomalt Market: By Region
Asia Pacific is expected to grow at a high CAGR during the forecast period. Japan and China are the emerging producers of Isomalt in the Asia Pacific region. The growing food & beverage industry along with rapid increase in population across the region is one of the major factors driving the market growth. Europe is expected to hold the highest market share during the forecast period. The presence of several isomalt manufactures and producers in the region along with abundant supply of key raw material for production of isomalts are the some of the major factors propelling the market growth in the region. The rising demand for isomalt products among home bakers is also expected to boost the market growth in the region.
Isomalt 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 JBS, Nestle, Coca Cola, and Kraft Foods among others.
Isomalt Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Isomalt 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.
Isomalt Market Share & Competitor Analysis
Some of the key players operating in the Isomalt market are BENEO GmbH, Cargill, Incorporated, Roquette Freres, Atlantic Chemicals Trading GmbH (ACT), A & Z Food Additives Co., Ltd., Ingredion Inc., and Sanxinyuan Food Industry Corporation Limited, among others.
In February, 2016 BENEO Launches isomalt translucent gum coating technology. The new gum coating technology offers a fine, delicate crunch, and excellent flavor.
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The global Isomalt 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 Isomalt 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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