The polyol sweeteners market was valued at USD 6.05 Billion in 2020 and is projected to grow at a CAGR of 6.2 % from 2020, to reach a projected value of USD 9.2 Billion by 2027. Polyol sweetener is gaining worldwide popularity, owing to polyol sweetener’s higher sweetness, lower calorific value, clean and pleasant mouthfeel.
Polyol sweetener is also considered as an excellent sweetener as it is much sweeter than table sugar. In the global polyol sweetener market, the demand for polyol sweetener is dominated by North America and Europe. North America is also the world’s largest producer of polyol sweetener in the global sweetener market. In the global sweetener market, the demand for polyol sweetener is increasing in household purposes, owing to its sugar-free function, which helps in maintaining the sugar level in blood and preventing diabetes.
Polyol sweetener has a low glycemic response, which helps in decreasing insulin response and reduces the risk of diabetes. In the global food and beverage industry, the demand for polyol sweetener is increasing as a sugar-free and low-calorie ingredient, owing to the increasing consumption of healthy food products. In the food and confectionary industry, polyol sweetener is beneficial as a sugar replacer in a wide range of products as part of a sugar-free food plan.
These sugar-free foods and products consist of chewing gums, sweets, ice cream, baked items and others. In the pharmaceutical industry, polyol sweetener is used in syrups to add a sweet flavor without affecting the efficacy. In addition, polyol sweetener is also used in oral care. Attributing to its multiple health benefits and rising demand for sugar-free products in the market, the demand for polyol sweetener is expected to increase in the near future.
With urbanization, the processed food market is expected to witness significant growth in the near future. However, development of re-formulated products owing to salt or fat replacement is expected to increase the polyol sweeteners market in the next five to six years.
They cannot be used as caramel in sweets and desserts, but it may also be advantageous for foods which do not prefer color change.
In the global sweetener market, the demand for polyol sweetener especially increasing as a household consumption due to polyol sweetener health benefits or numerous positive properties in comparison to table sugar. Increasing health problems related to blood sugar level creating a demand for polyol sweetener. Increase in the demand for processed food leads to more investment and establishment of new food industries, which are generating a demand for polyol sweetener as a sweetening agent. In confectionaries, bakery products, companies are using polyol sweetener to cater the demand of the health conscious and diseased population.
Key players identified in the polyol sweetener market include Cargill (US), Archer Daniels Midland Company (US), E.I. Du Point De Nemours and Company (US), Roquette Frères S.A. (France), Tereos Starch & Sweeteners (France), and Südzucker AG (Germany).
North America is the highest producer and consumer of processed food and companies such as Cargill Incorporated and Archer Daniels Midland Company have presence in the region as the demand for polyol sweetener is expected to increase during the forecast period. Asia Pacific is expected to witness a robust growth rate over the forecast period, owing to the growing population and food industry in the region, which is resulting in the rapid procurement of polyol sweetener by the key players in the region. In addition, polyol sweeteners are extensively used in Europe, owing to the increasing consumption of processed food. Increasing awareness and urbanization in the Middle East and Africa region is expected to result in an increase in the establishment of food companies during the forecast period.
Report : Polyol Sweeteners Market - By Type (Sorbitol, Erythritol, Maltitol, Isomalt, Others) By Form (Powder/Crystal, Liquid/Syrup) By Application (Bakery & Confectionery, Beverages, Dairy, Pharmaceuticals, Others) By Region (North America, Europe, Asia Pacific, Rest of the World (RoW)) - Industry Analysis, Opportunity and Forecast 2020 To 2027