Global Polyol Sweeteners Market Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Type (Erythritol, Xylitol, Maltitol, Isomalt, Sorbitol, Others), By Form (Powder/Crystal, Liquid/Syrup), By Application (Bakery &Confectionery, Beverages, Dairy, Oral Care, Pharmaceuticals, Others), By Function (Flavoring Or Sweeting Agents, Bulking Agents, Excipients, Humectants, Others), By Region (North America, Asia-Pacific, Middle East & Africa, Europe, CSA), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Polyol Sweeteners Market Insights
The polyol sweeteners market is expected to experience an upward rising trend during the forecast period. Polyols are typically called sugar substitutes and have low calories carbohydrate content. Due to their low-calorie content, they are used increasingly in food and beverages that are sugar-free. They are widely used in products like candies, baked foods, chewing gum, ice cream, yogurt, and frostings among others. They drive their demand from the confectionery and bakery industry. The popular candies market in the USA, growing bakery industry in Asia-Pacific are some of the factors that lead to high market growth for polyol sweeteners. The effectiveness of xylitol candies for oral care is also deemed to be an important factor for market growth.
Polyol Sweeteners Market: By Type
Based on the type, the market considers xylitol, maltitol, sorbitol, and isomalt among others. The maltitol segment would grow in an upward direction in this market. In pharmaceutical, it works as a substitute for sucrose. They are extensively used in tablets, capsules, and oral dosage medicines as a diluent in replacement to the sucrose. Their sugar-free and causing no caries property are finding rapid interest in pharmaceutical applications. The sorbitol segment too would grow upwardly in this market as it is a feasible option in contrast to xylitol and has wide usage in gums.
Polyol Sweeteners Market: By Form
Based on the form, the market considers powder/ crystal and liquid/syrup into being. The powder/crystal segment would have huge market dominance in this market. The sorbitol powder has useful applications in the cosmetics industry, in cigarettes, and profoundly use in bakery products. The multipurpose use of polyol powder in different industry verticals will lead to increased demand for the polyol powder in the market. The liquid/syrup segment too would grow upwardly in this market. The syrup has wider applications in the food industry as replacing the corn syrups.
Polyol Sweeteners Market: By Bakery
Based on the applications, the market considers bakery/confectionery, pharmaceuticals, dairy, and oral care among others. The bakery/confectionery segment would have huge market penetration in this market. The attractive bakery market in the Asia-Pacific, the rising candy market in the USA would add to the market growth potential. The health inclines bakery market is another area where the market drives its high demand. The oral care segment will also experience a rising upward trend in this market. The polyol helps to fight against the cavity and also xylitol candies are much more effective for oral care.
Polyol Sweeteners Market: By Function
Based on the function, the market considers bulking agents, humectants, excipients, and others. The humectants segment will experience a huge market growth due to their large scale use in toothpaste and mouthwashes. The non-cariogenic property of polyols makes them an attractive option for the oral care segment. The excipients segment will also have huge growth potential during the forecast period. The cosmetics industry incorporates excipients to manufacture a range of makeup, lotion, creams, and deodorants among others.
Polyol Sweeteners Market: By Region
Based on the region, the market considers Europe to be the leading region and will also generate maximum revenue for this market. The existence of trade association for the manufacturers of polyols, strict regulations, and government increased efforts for the use of polyols, and rising health-conscious population in the region are some factors leading to inclined growth towards the use of polyols in the market.
Market Share and Competitive Analysis
Key players operating in the market include Cargill, Incorporated, DowDuPont, Mitsui Chemicals, Shell International, Covestro, Stepan Company, Repsol, Perstorp Polyols, Chemford International, Arihant Enterprises, Aesha resources, Manali Petrochemicals Limited, Bharat Enterprises, Plant Anpe, and Anno Chemicals NV among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2020, Cargill announced to expand operations in the Indian chocolate market to cater to huge demand in the Asia-Pacific region
Check the Press Release on Global Polyol Sweeteners Market Report
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The Global Polyol Sweeteners 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 Polyol Sweeteners 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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