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by on March 9, 2021
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The global ''Sugar Alcohol '' market size is projected to reach USD 6.70 Billion by 2027 backed by increasing demand for gluten-free food products across the globe. Fortune Business Insights, in its latest report, titled “Sugar Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Sorbitol, Xylitol, Maltitol, Erythritol, and Isomalt), Application (Food and Beverages, Pharmaceuticals, and Cosmetics and Personal Care), and Regional Forecast, 2020 – 2027.” observes that the market was worth USD 3.61 Billion in 2019 and will exhibit a CAGR of 7.75% between 2019 and 2027. List of the Companies Operating in the Sugar Alcohol Market: • Archer-Daniels-Midland Co. – Illinois, U.S. • Cargill Incorporated – U.S. • Ingredion Incorporated – U.S. • Roquette Frères - France • Tereos Starch & Sweeteners s.a.s - France • Tate and Lyle plc – U.K. • Pfizer Inc. – U.S. • Lonza Group - Switzerland • SPI Pharma – U.S. • Merck KGaA – Germany COVID-19 Impact Analysis: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Study Period: 2016-2027 Base Year: 2019 Forecast Period: 2020-2027 Historical Period: 2016-2018 This Research Report Provides Features Like; • Discover regional market opportunities and trends • Identify emerging market demand & dynamics • Market intelligence with quality and accuracy • Deliverable formats like PDF, PPT, cloud, etc • Benchmark against competitors & global industry • Explore competitive strategy & market share Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose. What does the Report Include? The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2020 and 2027. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon. Drivers and Restraints: Increasing Demand for Gluten-free Food Products to Bolster Growth Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period. Segmentation: By Type • Sorbitol • Xylitol • Maltitol • Erythritol • Isomalt By Application • Food and Beverages • Pharmaceuticals • Cosmetics and Personal Care • Others By Region • North America (the U.S., Canada, and Mexico) • Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe) • Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific) • South America (Brazil, Argentina, and the Rest of South America) • The Middle East & Africa (South Africa, UAE, and the Rest of the MEA) Regional Analysis: Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period. The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth. Competitive Landscape: Companies Collaborating to Combat COVID-19 to Augur Growth According to the report, the market comprises of several small, medium, and large companies striving to gain maximum market share by consolidating their position during the forecast period. In addition to this, the companies are collaborating with each other to fight the global pandemic, Covid-19 and mitigate the threat to get back the economy on track. For instance, in March 2020, amid the widespread effect of novel coronavirus that has caused the scarcity of hand sanitizes, Gull New Zealand, a renowned petroleum company, announced that it would provide over 340,000 liters of ethanol along with Sugar Alcohol to manufacture hand disinfectants. This move is expected to fill the void caused due to scarcity of hand sanitizers across several regions that will prove beneficial to fight the pandemic. Sugar Alcohol Market Focus on: • Extensive product offerings • Customer research services • Robust research methodology • Comprehensive reports • Latest technological developments • Value chain analysis • Potential Market opportunities • Growth dynamics • Quality assurance • Post-sales support • Regular report updates Reasons to Purchase this Report: • Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges. • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures. • Identifies market restraints and boosters. • Identifies all the possible segments present in the market to aid organizations in strategic business planning. Key Questions Answered: • Why Choose Fortune Business Insights? • What are the key demands and trends shaping the market? • What are the key opportunities in the market? • What are the key companies operating in the market? • Which company accounted for the highest market share? • What is the market size and growth rate of the global and regional market by various segments? • What is the market size and growth rate of the market for selective countries? • Which region or sub-segment is expected to drive the market in the forecast period? • What Factors are estimated to drive and restrain the market growth? Gain More Insights into the Sugar Alcohol Market Research Report https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956 Have a Look at Related Research Insights: Pomegranate Market Growth, Competitive Landscape, Drivers, Extensive analysis of Industry Drivers, Restrain Opportunity by Key Profile: POM Wonderful llc, Lakewood, Inc., The Coca Cola Company, The J.M. Smucker Company Scotch Whisky Market Global Industry Share, Size, Future Demand, Global Research, Top Leading Players, Emerging Trends, Region by Forecast to 2027 Tequila Market Insights, Demand Analysis, Opportunity, Regional Scope, Size Share, Growth at CAGR value and Forecast Report (2020-2027) Toned Milk Market 2020 Global Size, Growth Insight, Share, Trends, Industry Key Players, Regional Forecast To 2027 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Email: sales@fortunebusinessinsights.com Read Press Release: https://www.fortunebusinessinsights.com/press-release/sugar-alcohol-market-10006
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