Sugar Alcohol Market to Surpass $4 8 Billion by 2027, Driven by Increasing Demand for Low-Calorie Alternatives einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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Sugar alcohol is considered safe for human consumption, owing to its purity (lack of additives). Purity level, concentration, and grade of the alcohol depend on its end use. It is derived from various sources, including sugarcane, sugar beet, molasses, grains, fruits, and others. The global sugar alcohol market was valued at $3,360 million in 2019, and is projected to reach $4,800.4 million by 2027, registering a CAGR of 5.9% from 2021 to 2027. Contrary to what the name may suggest, a sugar alcohol is neither a sugar nor an alcoholic beverage, they are white, water-soluble solids that occur naturally or are produced industrially from sugars. Owing to their sweetening and texturizing properties, sugar alcohols have numerous applications across various industries.
by Type (Sorbitol, Xylitol, Mannitol, Maltitol, Isomalt, and Others), Form (Powder & Crystal and Liquid & Syrup), and Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027 . As per the report, the global sugar alcohol industry $3.36 billion in 2019, and is projected to reach $4.80 billion by 2027, growing at a CAGR of 5.9% from 2021 to 2027.
Drivers, restraints, and opportunities
Increase in demand for polyols in the food industry, surge in prevalence of obesity and diabetes, and rise in demand for polyols in pharmaceutical applications drive the growth of the global sugar alcohol market. However, high production costs hamper the market growth. On the contrary, increase in demand in the Asia-Pacific region and product development and innovations are expected to open lucrative opportunities for the market players in the future.