Market Snapshot

Polyol Sweeteners Market: By Type, Application, Form, Function and Region

Market Synopsis:

Global Polyol Sweeteners market is valued at USD 3.16 Billion in 2021 and is projected to attain a value of USD 4.81 Billion by 2028 at a CAGR of 6.2% during the forecast period, 2022–2028.

Polyols, or sugar alcohols, are the essential ingredients used in the manufacturing of Polyol Sweeteners. They belong to a group of low-calorie carbohydrate substitutes that replicate many of sugar's functional characteristics such as taste, texture and stability while delivering fewer calories than sugar. Polyols can be found in a range of foods and beverages such as chewing gum, baked goods and ice cream and their popularity has increased steadily over the past decades. It is estimated that around 60% share of all polyols produced today materializes in North America and Europe.

Segmentation:

Global pharmaceutical Polyol Sweeteners market is segmented into, type, application, and form, function. Based on type market is segmented into, erythritol, isomalt, maltitol, sorbitol, xylitol, and others. Based on application market is segmented into, food & beverages, oral care, pharmaceuticals, personal care, and others. Based on form market is segmented into, liquid, powder. Based on application market is segmented into, bulking agents, excipients, humectants, flavoring or sweetening agents, and others. Based on region, the market is further bifurcated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

What are the Different Types of Polyols?

The most common polyols are sorbitol, maltitol, xylitol and erythritol. These ingredients are all naturally occurring compounds found in fruits and vegetables but can also be industrially manufactured by hydrogenation of their respective sugars. They have varying degrees of sweetness which makes them suitable for various applications across many food categories including chewing gum, baked goods, desserts or dairy products. Maltitol is one type of polyol with high sweetness potency (about 60-80% as sweet as sugar) which makes it particularly suitable for use in chocolate, baked goods and confectionery. Its high sweetness means that it is another popular choice for sugar replacement in products aimed at consumers with diabetes or calorie-restricted diets, due to its low caloric value.

Why demand for Polyol Sweeteners is increasing?

With obesity and diabetes on the rise, there is a significant growing demand for Polyol Sweeteners. Looking at global trends in obesity and diabetes prevalence, it can be observed that more than 2 billion people worldwide are overweight or obese, while over 300 million people across the world suffer from type-2 diabetes. The World Health Organization (WHO) predicts that these numbers will continue to increase in the coming years.

The WHO also estimates that by 2025 around one third of adults will suffer from obesity and more than 10% of people aged 20 or older will have diabetes symptoms. These trends highlight how important it is for food manufacturers to address the growing public health concerns related to dietary intake of calories and sugars through their product development processes, which includes reformulating products with Polyol Sweeteners.

Asia Pacific to Continue Dominating the global Polyol Sweeteners Market

Asia Pacific is the largest consumer of Polyol Sweeteners. The region's demand for polyols has been growing at a rate of nearly 9% per year since 2009, accounting for over 80% of global consumption. One reason why there is a steady rise in demand comes from China – the world's largest consumer and importer of sugar. In 2014, the Chinese government ordered a 40% reduction on its citizens' intake level of sugar due to concerns about overweight and obesity levels which was estimated around 15%.

In addition, as tooth decay remains one of the biggest health concerns among Asian consumers, products with high levels of polyol allow manufacturers to minimize sugar content while maintaining sweetness and palatability. Moreover, India 's sugar consumption is expected to remain stable over the forecast period with no major changes in the country's individual consumption levels of sugars and polyols. However, the country is expected to see a rise in consumption of polyols over the period, taking into account its growing sweetener market and food applications. This is further supported by the fact that the Indian confectionery market is expected to grow at a CAGR of 9% over the forecast period.

Competitive Landscape:

The food industry has been responding through new product development initiatives such as reformulating existing products or launching new lines of foods containing Polyol Sweeteners. Health and wellness positioning: Technological advances in the food industry have allowed for better understanding of what consumers want when it comes to sweeteners and their nutritional profile. This, in turn, has also encouraged manufacturers to engage in health and wellness initiatives through introducing products free from sugar or containing low calorie ingredients such as polyols. Some of the key players in the global Polyol Sweeteners market are Archer Daniels Midland Company (US), Cargill (US), Roquette Frères S.A. (France), E.I. Du Point De Nemours and Company (US), Südzucker AG (Germany), Tereos Starch & Sweeteners (France), Ingredion Incorporated (US), Gulshan Polyols Limited (India), Jungbunzlauer Suisse AG (Switzerland), Batory Foods (US), Dfi Corporation (US) and B Food Science Co., Ltd. (Japan).

The Polyol Sweeteners is Segmented as Follows:

• Form
  • Liquid
  • Powder

• Application
  • Food & beverages
  • Oral care
  • Pharmaceuticals
  • Personal care
  • Others

• Function
  • Bulking agents
  • Excipients
  • Humectants
  • Flavoring or sweetening agents
  • Others

• Type
  • Sorbitol
  • Erythritol
  • Maltitol
  • Isomalt
  • Xylitol
  • Others

• Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America