The global polyol sweeteners market will grow at a CAGR of 4.8% from 2017 to 2022 to reach USD 3,267.9 million by 2022, according to this latest publication from Meticulous Research®. The polyol sweeteners market driven by the rising consumer demand for low-calorie and healthy food products, increasing prevalence of diabetes, and growing demand from pharmaceutical industry. Moreover, “all natural” and “clean label” trends within the food and beverage markets have embraced the growth of polyol sweeteners market globally. While, side effects due to over consumption of polyols sweeteners, stringent regulations, and international quality standards for polyol sweeteners challenges the growth of polyol sweeteners to some extent.
The global polyol sweeteners market is mainly segmented by type (sorbitol, xylitol, erythritol, lactitol, mannitol, maltitol, isomalt, hydrogenated starch hydrolysate, and others), by form (Solid and liquid), by applications (food & beverages, pharmaceuticals, nutraceuticals, cosmetics & personal care, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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Polyol Sweetners Market, by Geography, 2017-2022
North America holds the major share in the global polyol sweeteners market, followed by Asia-Pacific, and Europe. The large share of this region is primarily attributed to the increased consumption of functional food, growing desire to live healthy lifestyle, and growing health & wellness trend. However, Asia-Pacific region possesses lucrative growth potential for the polyol sweeteners market during the forecast period. This is mainly attributed to rapid urbanization, increasing disposable income, increasing prevalence of diabetes, growing functional food industry, expanding use of polyols in nutraceuticals, and increased production of polyols in the region.
The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global polyol sweeteners market were new product developments, acquisitions, and expansions. The key players in the global polyol sweeteners market are Cargill Incorporated, Sweeteners Plus Inc., B Food Science Co. Ltd, Gulshan Polyols Limited, Ingredion Incorporated, Archer Daniels Midland Company, Roquette Frères Le Romain, Ecogreen Oleochemicals Pte Ltd, Mitsubishi Corporation, Tereos, SPI Pharma, Inc., HYET Sweet B.V., Dynamic Food Ingredients Corporation, Sukhjit Starch & Chemicals Ltd., Zhejiang Huakang Pharmaceutical Co. Ltd, Dancheng Caixin Sugar Industry Co. Ltd., Hebei Huaxu Pharmaceutical Co. Ltd, Sayaji Industries Limited, Dupont, Zuchem Inc., Zibo Shunda Biotech Co., Ltd, Hylen Co., Ltd., BENEO GmbH, and Foodchem International Corporation.
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