A recent report issued by Reports & Insights titled “Sugar Alcohol Market: Opportunity Analysis and Future Assessment 2023-2030” outlines the market size, potential and deep understanding of the statistics geared towards the development of the respective market in an absolute meticulous and thorough manner. The base year considered for the study is 2021, and the market size is projected from 2023-2030. To make it more intriguing, the report further mentions extensive know-how of the market, conceptual framework, and prevailing trends of the market along with the precise textual and graphical representation over the forecast period 2023-2030, developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches
The global sugar alcohol market is estimated to reach at a value of US$ 4,181.5 Mn by the end of 2022 and expected to reach at a value of US$ 6,458.6 Mn by 2030 with a significant CAGR of 5.6%.
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Sugar Alcohol Introduction
Sugar alcohols usually can be referred to as organic compounds, ordinarily obtained from sugars, consisting of a group of polyols. They are water-soluble white solids that can happen naturally or it can be manufactured commercially from sugars. To put it in simple words, basically, sugar alcohols are organic and soluble combinations usually obtained from sugars and are present naturally in tiny amounts in vegetables and fruits.
Sugar Alcohol Market Dynamics
The rising consumers’ consciousness with respect to their entire well-being and adoption of a healthy lifestyle is majorly driving the demand of sugar alcohol across the global markets. By the same token, consumers nowadays, voluntarily look for food products and beverages which are beneficial for their health and are organic, which further propels the demand of sugar alcohol all across the globe. Owing to which, the global sugar alcohol market is projected to rise significantly in the years to come.
In addition to that, biomass obtained sugar alcohols comprises an enormous amount of applications such as pharmaceutical industries, oral hygiene, and food containing sugar alcohols, which is why these products are easily accessible on supermarket shelves, ultimately accelerating its demand. Therefore, the global Sugar alcohol market size is expected to witness massive breakthroughs in the future years.
Sugar Alcohol Market Segmentation
The global sugar alcohol market is segmented into type, form, application, and region
By Type
- Sorbitol
- Xylitol
- Mannitol
- Maltitol
- Isomalt
- Others
By Form
- Powder & Crystal
- Liquid & Syrup
By Application
- Food & beverages
- Pharmaceuticals
- Cosmetics & personal care
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Sugar Alcohol Market Key Players
The key participating players of the global Sugar Alcohol market include Cargill Incorporated, Spectrum Chemical Manufacturing Corp., Ingredion Incorporated, Archer Daniels Midland Company, Roquette Freres SA, Mitsubishi Shoji Foodtech Co. Ltd, Tate & Lyle PLC¸ Atlantic Chemicals Trading GmbH, Associated British Foods plc (SPI Pharma), and DuPont., among others.
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