Global Sugar Alcohol Market Report and Forecast 2024-2032

Global Sugar Alcohol Market Outlook

The global sugar alcohol market attained a value of about USD 4.07 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.9% to reach nearly USD 6.82 billion by 2032.    

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Surging Health Consciousness Among the Young Population Boosting the Growth of the Sugar Alcohol Industry

The prioritisation of mental and emotional wellbeing by health-conscious consumers is boosting the market growth. Consumers are increasingly preferring sugar-free or low-sugar nutritious snacks for convenience and nutritional benefits. The surging consumer awareness is increasing the demand for clean-label products with low sugar content in convenience and processed food, consequently accelerating the market growth.

The development of innovative reduced or no-sugar-based products by the major companies using sugar alcohol to provide the same texture and taste to various products is also augmenting the market growth. The rising demand for alternatives for healthier ingredients in junk food such as ice-cream containing protein, lower-calories, indulgent flavours, and sugar alcohols by the fitness-oriented consumers is providing further impetus to the market growth.

The rising prevalence of various health-related issues, such as diabetes, obesity, and heart diseases are increasing the demand for sugar alcohol as an alternative to fructose and sucrose. Sugar can accelerate ageing, promote tooth decay, suppress the immune system, and increase the risk of diabetes and heart complications. Therefore, various governments are introducing favourable initiatives to aid their citizens to reduce sugar intake. For instance, the Public Health England of the United Kingdom initiated a sugar reduction program in the Childhood Obesity Plan to reduce the overall content of the food products that contributes most crucially to sugar intakes in children. The program also recommends the use of lower or no-added sugar products. This, in turn, is increasing the demand for sugar alcohol in breakfast cereals, chocolate, confectionery, and sweet spreads as an alternative to sugar, hence aiding the market growth.

Sugar Alcohol: Market Segmentation

Sugar alcohols are sweet carbohydrates that are hybrids of sugar and alcohol molecules. They are naturally found in fruits and vegetables. As they have a similar chemical structure as sugar, they activate sweet receptors. They are healthier than sucrose and fructose, hence are increasingly used in the food and beverage industry.

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The major types of sugar alcohol are:

• Sorbitol
• Xylitol
• Mannitol
• Maltitol
• Isomalt
• Others

Based on form, the market is divided into:

• Powder and Crystal
• Liquid and Syrup

The market can be broadly categorised on the basis of its applications into:

• Food and Beverage
• Pharmaceuticals
• Cosmetic and Personal Care
• Others

The EMR report looks into the regional markets of sugar alcohol like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Use of Sugar Alcohols in the Personal Care and Cosmetics Industry to Bolster the Market Growth for Sugar Alcohol

Sugar alcohols are extensively used in the personal care and cosmetics industry. They are used in toothpaste and mouthwashes owing to their pleasant and sweet taste. They also work as a humectant to soothe the skin. Moreover, the use of sorbitol as a hydrating and moisturising agent in skincare products is augmenting the market growth. It also improves the texture of formulations and thickeners while acting as a prebiotic agent to protect skin from harmful bacteria and infection. This, in turn, is increasing the demand for sugar alcohols to be used in creams, lotions, and moisturisers, which is further invigorating the industry growth.

The cost-effectiveness and efficiency of sugar alcohols make it an ideal alternative to sugar in bulk production while not compromising its sweetness in food like cereals are positively impacting the industry growth. The rising use of isomalt to enhance the sweetness in delicacy flavoured fruity sweets in the food and beverage industry is aiding the market growth. Moreover, isomalt can be easily stored and survive in extreme weather conditions, due to which it is increasingly preferred in convenience food to increase their shelf life. This is why it is widely used in candies, chewing gums, and baked goods, among others, therefore bolstering the industry growth.

Key Industry Players in the Global Sugar Alcohol Market

The report presents a detailed analysis of the following key players in the global sugar alcohol market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Archer Daniel Midland Company
• Cargill, Incorporated
• Dupont De Nemours, Inc.
• Ingredion Incorporated
• Tate and Lyle PLC
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report