Global Polyols Market – Growth, Trends and Forecasts (2017 - 2022)
The market size was estimated at USD 27,692.19 million in 2017. This market is anticipated to witness a CAGR of X.X% during the forecast period (2017-2022). Polyols are also known as sugar alcohols due to their chemical structure, which is partially composed of sugar and alcohol. . Polyols are sugar-free sweeteners mostly used in low-calorie food and beverage products. The demand for polyols is expected to increase tremendously in the future owing to the demand for low-calorie food & beverages among consumers, which is backed by the desire to overcome obesity, weight management problems and type-2 diabetes
Healthy lifestyle choices expected to boost the market for Polyols
Polyols are primarily sugar-free sweeteners with additional health benefits (apart from the usual traits of a sugar-free sweeteners). Globally, consumers have become health conscious and are opting for a healthy lifestyle. Products that complement this lifestyle are gaining high prominence among consumers. Consumers do not mind spending more on foods that have healthy ingredients. Polyols act as a perfect substitute of sugar and can be used to manufacture low-calorie foods. The additional benefits, such as non-cariogenic nature, low insulin level for metabolism, and less energy utilization, among others, have compelled manufacturers to adopt polyols as a replacement of sugar in food & beverages.
The global polyols market is segmented, based on the type of polyol, into erythritol, sorbitol, maltitol, isomalt and others. Among all the polyol types, sorbitol is expected to witness considerable growth in the near future due to its high functional and health benefits. The various attributes linked to sorbitol include versatility and low caloric value (among others).
The polyols market in Asia-Pacific currently holds the largest market share of 37% in 2017, followed by North America. This significant share of Asia-Pacific can be attributed to the growing number of health conscious consumers. The United States has the largest market share of 50% in North America. However, it is expected that Mexico and Canada will have high growth rates during the forecast period, when compared to the United States.
A number of the leading manufacturers and suppliers of the polyols are Archer Daniels Midland Company, B Food Science Co., Ltd., BENEO GmbH, Baolingbao Biology Co. Ltd, CSPC Shengxue Glucose Co., Ltd., Cargill, Inc., DFI Corporation, DHW Deutsche Hydrierwerke GmbH, DuPont Nutrition & Health (Danisco), Hebei Huaxu Pharmaceutical Co., Ltd., Ingredion Incorporated and Jungbunzlauer Suisse AG. These companies are mainly focused on capacity expansion owing to increasing demand for healthier substitutes of sugar.
Our report on global polyols market covers the following
Market Trends & Dynamics
Latest News & developments
Porter’s Five Force Analysis