Global Xylose Market - 2020-2027
Market Overview
The global xylose market size was worth US$ XX billion in 2019 and is projected to show noteable growth by reaching up to US$ XX billion by 2027, growing at a CAGR of XX% during the forecast period (2020-2027)
Xylose is a monosaccharide of aldopentose sugar with a molecular formula C5H10O5. Xylose is a product extracted from xylene, which is the main part of hemicellulose present in all floras type birch and reed. Also, xylose is widely found in many woody materials, including corncobs, straw and pecan shells, which are also known to be found in broccoli, spinach, and berries.
In the past few years, the use of xylose has grown significantly in food & beverages and pharmaceuticals. Its industrial production is maturing at a higher pace and is used as a food sweetener in different food items such as biscuit, chocolate, fruit juices, cakes, and is the source for xylitol.
Xylose has been used to observe malabsorption as a diagnostic agent. Xylose is also used as the parent sugar alcohol from which xylitol, the most widely used food additive sweetener, can be extracted by xylose hydrogenation. Xylitol possesses various characteristics that make it a healthy and effective alternative to regular sugar.
Market Dynamics
The global xylose market is driven by the growing use of xylose in the pharmaceutical sector. The increase of xylose as a food sweetener in different food items such as biscuits, chocolate, fruit juices, and cakes creates an immense market for xylose to grow in the forecast period.
The growing use of xylose in the pharmaceutical sector is expected to build a massive xylose market in the coming tenure
As per the WHO June 2020 report, the total number of people with diabetes rose from 108 million to 422 million during1980 and 2014. Between 2000 to 2016, premature mortality from diabetes increased by 5% it is further expected to increase due to the changing lifestyle of the populace. Thus growing prevalence of diabetes type 2 has led to a significant shift in consumer preference for diabetes sweeteners over conventional sugar, which in turn expects to build a massive xylose market in the pharmaceutical sector globally.
Apart from imparting healthy and effective alternatives to regular sugar, xylitol offers a similar look and taste as ordinary sugar has 100% relative sweetness versus regular sucrose. It is also known to have a low impact on blood sugar and insulin secretion and a minimal caloric value. The growing health and wellness trend has made a large number of consumers adopt plant-derived ingredients. Several key players are finding ways to provide novel-flavored offerings to increasingly growing health-conscious and taste-driven consumers, which is expected to build xylose's global market in coming tenure.
The increasing use of xylose as a food sweetener in different food items such as biscuits, chocolate, fruit juices, and cakes creates an immense market for xylose to grow in the forecast period
The growing trend of packaged food products and increasing consumer health-consciousness have created a substantial demand for flavored ingredients. The growing market is anticipated to build lucrative opportunities for the key players to fulfill the potential market for plant-derived and synthetic xylose.
For the past few years, D-xylose has gained popularity as it is widely used as a diabetic sweetener in the food and beverage industries. Apart from this D-xylose being colorless to white crystalline powder, various food products such as butter, bread, and beverage industry are used as flavoring agents and sweeteners.
For instance, Dupont's Danisco D-xylose is a pure crystalline powder available in the high number of purity and flavors used in various pharmaceuticals, food, and pets food and animal food. The product has key benefits such as natural, non-GMO, improved aroma, flavor creation, and rapid Maillard browning reaction.
The growing market of xylose in dental hygiene as a natural approach for cavity prevention creates high opportunities for the xylose market to proliferate in the coming tenure
The growing demand for xylose in dental hygiene has created immense opportunities for the manufacturers to shift the company's focus towards leveraging natural ingredients in products to target a wide pool of health-conscious consumers. The prime reason behind the market's significant growth is increasing awareness among the consumer towards xylose's promising role in preventing the demineralization of enamel and stimulating salivary flow. Apart from this increasing contribution of xylitol in improving oral health and curing gum, mouth issues, and teeth is boosting the demand for the product that combats tooth decay coupled with toothpaste, mouthwash and sugar-free gum.
COVID-19 Impact Analysis
The global xylose has shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the xylose market's business due to disruption in the product's supply chain management.
The majority of businesses are shut down, and operations across several end-users of xylose products such as food & beverages and pharmaceutical industries are also compromised, thus dropping the product's global demand in 2020.
Segment Analysis
The global xylose market is segmented on product type, form, source, end-user and region.
Rising demand from food & beverage industries coupled with increasing demand from the pharmaceutical sector creates a massive D-xylose market in recent times
In terms of type, the xylose market can be studied as L-xylose, D-xylose and DL-xylose. Out of the mentioned segments, D-xylose has dominated the 2019 xylose market and is expected to maintain its dominance in the forecast period. The white powder compound with a sweet taste is obtained from plants rich in hemicelluloses such as rice straw and sawdust. D-xylose is further differentiated into raw material rage D-xylose, which played a vital role in the glycoside industry.
The other is refined grade D-xylose, which is widely used in the food and beverage industry. Apart from rising D-xylose application in food and beverages industries, they are in high demand in pharmaceutical industries for adsorption test measurement, which helps measure D-xylose level, a type of sugar present in build or urine sample. This test helps diagnose problems that prevent the small intestine from absorbing nutrients in food. Thus growing applications for D-xylose compared to other segments among different end-users create a massive market for the market to grow globally.
Geographical Analysis
Increasing cases of diabetes and growing awareness about the application of xylose in different end-users among the population with minimal side effects is building the market of xylose in the Asia-Pacific region
As per the reports, by 2030, approximately 79.44 million people solely in India are likely to carry diabetes as their primary illness, making Asia-pacific hold more than 60% of the people with diabetes, out of which 50% only in India and China. Thus, these rising numbers of diabetic patients are more likely to accelerate xylose in the forecast period. Increasing awareness among the population regarding the growing application with no side effects of xylose is expected to boost xylose's growing market in the Asia-Pacific region in coming years.
On the other side, Europe is projected to show the fastest growth of xylose in the forecast period due to the increasing prevalence of cardiovascular diseases and cholesterol levels in the region. The rising trend of packaged food products and increasing demand for food and beverages, growing preferences for natural sugar, and the growing diabetic population raise the xylose market's growth in this region.
Competitive Landscape
The xylose market is highly competitive with the presence of various global players. Some of the key players contributing to the market's growth include Healtang Biotech Co, Ltd., Futaste Pharmaceutical Co. Ltd, Toyota Tsusho Corporation, Triveni Chemicals, Suvchem, Shandong LongLive, Chengdu Herbpurify Futaste, Biosynth Carbosynth, DuPont, Essex Food Ingredients and among others.
The major players adopt several growth strategies such as product launches, acquisitions and collaborations, contributing to the xylose market's growth globally. Most key players favor expansion and collaboration as the major growth strategy for building revenue for their firm.
• For instance, in 2019, Toyota Tsusho Corporation announced its collaboration with OurCrowd. The collaboration aims to launch a new business set to act as a technology scout and source for innovation and investment globally
Dupont
Overview: DuPont is one of the world's leading chemical companies. The organization was founded in 1802 and is located in Wilmington, Delaware, United States. DuPont is involved in a number of fields, including high-performance fabrics, synthetic fibers, electronics, specialty chemicals, agriculture and biotechnology. DuPont, alongside General Motors, invented CFCs (chlorofluorocarbons) and in the 1980s became the largest CFC producer in the world with a 25 % market share.
Product Portfolio: The company has a product portfolio of xylose that includes:
• Danisco D-xylose: Dupont's Danisco D-xylose is a pure crystalline powder available in a high number of purity and flavors used in various applications of pharmaceuticals, food, pet food and animal food. The product has key benefits such as it is natural, non-GMO, improve aroma, help in flavor creation and enables rapid Maillard browning reaction
Why Purchase the Report?
• Visualize the xylose market segmentation by type, form, source, end-user and highlight key commercial assets and players.
• Identify commercial opportunities in the xylose market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of xylose market-level 4/5 segmentation.
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• Product mapping in excel for the key product of all major market players
The global xylose market report would provide access to an approx: 69 market data table, 67 figures and 240 pages.
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