According to our latest report, the Polyol Sweeteners Market is expected to reach USD 4.81 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.2% between 2022 and 2028. The rise in the demand for substitutes of sugar available in the food & beverage industry and increasing consumer awareness regarding their health and wellness is anticipated to fuel the market growth.
- The powder segment is projected to grow at a considerable CAGR over the forecast period. The powder form is easy to handle, transport and store with this powder also have a longer shelf-life which reduces the chances of spoilage. The functions of powdered polyol sweeteners are the same as in liquid counterparts and are widely used as bulking & coating agents in the manufacturing of functional foods.
- The food & beverages segment held a significant market share in 2021. Increasing usage of mannitol, isomalt, and sorbitol as bulk sweeteners for producing dairy products, frozen desserts, fruit spreads, and baked goods are expected to boost the segmental growth.
- The Asia Pacific is projected to hold the largest share in 2021. This is owing to the increase in demand for natural ingredients as well as rapid expansion in the personal care industry in countries like France, Italy, and Germany.
Some of the major players in the Polyol Sweeteners Market include - 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).
Polyol sweeteners are being utilized as one of the favorable natural ingredients that have several applications, such as pharmaceutical, food, cosmetics, and in the technical & chemical industry. The demand for low-calorie food products is at its peak. Additionally, the product has its application in a binder, bulking agent, humectant, and chemical reactant in the textile, tobacco, and paper industries. On the contrary, excessive consumption of sugar alcohols can cause gastrointestinal symptoms restricting market growth.
Asia Pacific is anticipated to grow at the fastest CAGR. The growth in the region is due to increasing purchasing power and high growth in consumption of sugar-free as well as sugar-reduced nutritional supplements and pharmaceutical products.