Sugar Alcohol Gaining Attention of Patients Suffering from
Diabetes to Maintain Optimum Sugar Levels
ROCKVILLE, Md., May 23, 2024 /PRNewswire/ -- According to a new
industry report by Fact.MR, revenue from the global Sugar
Alcohol Market is projected to reach US$ 1.39 billion in 2024 and exceed
$2.46 billion by
2034, growing at a CAGR of 5.9% from 2024 to
2034. An increasing number of people suffering from diabetes across
the world and more individuals looking to cut back on sugar intake
are key factors driving the demand growth for sugar alcohol.
Consumption of food and drinks prepared with sugar alcohols
rather than ordinary sugar is rising due to the rising prevalence
of diabetes, as these products are detrimental to those who already
have such a condition. A lot of people have begun using sugar
alcohol to manage their weight and blood sugar levels. Sugar
alcohols are becoming popular replacements for sucrose and
high-fructose corn syrup because they add sweetness without having
the same negative metabolic effects.
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The market for sugar alcohol is growing at a steady pace as a
result of consumers' growing interest in it as they choose
healthier and lower-calorie foods over ordinary sugar. The food
& beverages industry is extensively using sugar alcohol to
produce products with clean-label ingredients.
Key Takeaways from the Market Study:
- North America is estimated to
hold 23.9% of the global market share in 2024.
- The market in the United
States is analyzed to generate revenue worth US$ 273 million by 2034.
- Revenue from the application of sugar alcohol in bakery goods
is projected to reach US$ 465.6
million by 2034.
- The market in South Korea is
calculated to expand at a CAGR of 6.6% through 2034.
- The market in China is
forecasted to reach US$ 270.3 million
by the end of 2034.
- Based on end use, the pharmaceuticals segment will hold 36.4%
of the global market share in 2024.
"Sugar alcohol is a low-calorie and low-glycemic
sweetening alternative to regular sugars, making it appealing to
consumers who are health-conscious and seeking to regulate their
blood sugar and weight," says a Fact.MR analyst
Growing Utilization of Sugar Alcohol in Bakery Goods
Sugar alcohols are being increasingly used in bakery goods as a
food texture enhancer and sugar alternative. Sugar alcohols such as
sorbitol, xylitol, and erythritol add sweetness without raising
blood sugar levels the way regular sugar does. This makes it a
better choice for anyone attempting to reduce their sugar intake or
manage conditions such as diabetes. In addition to extending shelf
life, sugar alcohols add moisture to baked goods. Because it has
fewer calories than sugar, it is also more enticing to those
seeking low-calorie alternatives.
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North America to Lead Global
Sugar Alcohol Market by 2024
The North American region is set to dominate the global sugar
alcohol market, holding a 23.9% share by 2024. This leadership is
attributed to the high prevalence of obesity and diabetes across
several countries in the region. In East
Asia, the sugar alcohol market is projected to grow at a
CAGR of 6.2% from 2024 to 2034.
United States: Rising Demand
for Natural Ingredients and Clean Labels
A significant trend in the United
States benefiting sugar alcohol producers is the increasing
consumer demand for natural ingredient compositions and clean
labels in food and beverage items. Food and beverage manufacturers
are using sugar alcohols derived from fruits (erythritol) or trees
(xylitol) to meet this demand.
The expansion of the chewing gum industry in the United States is also boosting the sugar
alcohol market, as xylitol is widely used in gum production.
Xylitol, known for its cooling effect and ability to prevent tooth
decay, is also a common ingredient in sweets and mints.
South Korea: Personal Care
and Cosmetic Industry Driving Demand
South Korea's renowned personal
care and cosmetic industry is generating significant demand for
sugar alcohols, particularly sorbitol. Sorbitol is trending in
cosmetics and personal care products due to its excellent
moisturizing and nourishing properties. This sugar alcohol is also
used to preserve and enhance the texture of personal care and
cosmetic products, making it a valuable ingredient in the
industry.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of
the sugar alcohol market, presenting historical demand data (2019
to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on
product type (sorbitol, mannitol, xylitol, maltitol, lactitol,
erythritol, isomalt), application (bakery goods, sweet spreads,
confectionery & chewing gum, beverages, dairy products,
others), and end use (food & beverages, pharmaceuticals, direct
sales), across seven major regions of the world (North America, Western Europe, Eastern Europe, East
Asia, Latin America,
South Asia & Pacific, and
MEA).
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