Sugar Alcohol Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast 2022 - 2028
Sugar Alcohol Market Growth & Trends
The global sugar alcohol market size was estimated to reach USD 5.1 billion by 2028 and is expected to expand at a CAGR of 6.0% from 2022 to 2028. Increasing demand for low sugar or no sugar products due to rising health awareness, an increasing number of diabetic patients, and increasing demand from the food and beverage industry are expected to promote the sugar alcohol market growth over the next few years. Additionally, increasing chronic diseases among the citizens will further increase the demand for sugar alcohol from industry verticals.
Xylitol segment is forecast to grow with the highest CAGR of 6.9% from 2022 to 2028 and is estimated to contribute a market share of 30% by 2028. Xylitol becomes popular sugar alcohol as it has similarities to sucrose visually and tastes. It is used for teeth treatments to reduce cavities as it is non fermentable. It restricts the growth and reproduction of bacteria inside the mouth. Thus, it is widely used to produce oral care products which will drive the segment growth during the forecast period. Liquid & syrup is forecast to register the fastest growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications in pharmaceuticals and personal care.
The pharmaceutical industry vertical will register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing hand sanitizers, medicines for diabetic patients, and protein supplements. Thus this segment is expected to grow with the highest growth rate during the forecast period.
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Sugar alcohol is produced from sugars which have a hydroxyl group with carbon. Majorly used sugar alcohols are extracted from fruits and vegetables. Sugar alcohols are low calorie sweeteners used for making sugar free or low sugar products such as food additives, toothpaste, medicines, and beverages.
Sugar Alcohol Market Report Highlights
Asia Pacific is forecast to grow with a CAGR of 7.8% from 2022 to 2028. The region has the largest growing population which adopts a western lifestyle and increases the working number of citizens.
Xylitol segment is forecasted to grow with the highest CAGR of 6.9% from 2022 to 2028. Xylitol is similar to sucrose visually and in taste. It is used for teeth treatments to reduce cavities as it is non fermentable.
Liquid & syrup is forecast to register a faster growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications including pharmaceuticals and personal care.
The pharmaceutical industry vertical
forecast to register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing the hand sanitizers, medicines for diabetic patients, and protein supplements
Sugar
Market Segmentation
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