Market Overview
Increasing incidences of obesity and diabetes encouraged the growth of sugar alcohol industry, globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Sugar Alcohol Market Research Report- Forecast to 2027 that the market will demonstrate high CAGR % while achieving million dollar growth during the forecast period.
Sugar alcohols are low digestible carbohydrates which help in controlling blood sugar levels. The growing concern among consumers regarding obesity and diabetes accelerated the demand for sugar alcohols. They are considered to be safer substitutes for sugar as they are calorie-free and help in weight loss. According to World Health Organization, more than 1.9 billion adults - 18 years and above - were overweight, of which, 650 million were obese in the year 2016. In addition, approximately, 422 million population were living with diabetes in 2014, indicating the alarming rate at which obesity and diabetes are increasing among the population. Also, there is growing demand for low calorie-foods worldwide, which supported the growth of sugar alcohols market.
Competitive Landscape
The sugar alcohol market is competitive with major market players operating at the global level. The key industry players in the alternative sweeteners market have adopted the strategies such as geographic expansion, new product launch, acquisitions, agreements, and joint ventures to strengthen their business portfolio. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
The key players profiled in Sugar Alcohol Market are as Cargill Inc, A & Z Food Additives Co. Ltd, Atlantic Chemicals Trading GmbH, Beckmann-Kenko GmbH, Fraken Biochem Co. Ltd., Roquette Freres, Sanxinyuan Food Industry Corp Limited, and Archer Daniels Midland Company among many others.
Market Segmentation
The global sugar alcohol market is segmented into type, source, and application.
By type, it is segmented into sorbitol, mannitol, xylitol, maltitol, lactitol, erythritol, isomalt, and others. Among type, the sorbitol segment is expected to account for a significant market proportion during the forecast period. Sorbitol is used widely as a sugar derivative in the production process of beverages.
By source, it is segmented into corn, wheat, rice, potato, cassava, bagasse, and birch wood. Among source, the corn segment is expected to hold a major market share in the global sugar alcohol market during the forecast period.
By application, the market is segmented into tabletop sweeteners, confectionery, bakery foods, pharmaceuticals, dairy products, and others. The bakery & confectionery segment is expected to account for a significant market proportion during the forecast period. The pharmaceuticals segment is projected to expand at a high pace, owing to the increasing usage of sugar alcohol in the production process of drugs.
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Regional Analysis
The global sugar alcohol market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among all the region, North America is estimated to hold a significant market proportion in the year of 2018, and the trend is expected to continue throughout the forecast period.

The growth of the sugar alcohol market in North America is attributed to various factors. One of the important factors for the rising growth of sugar alcohol is the rising consumer awareness towards the healthy diet in North American countries.

Moreover, the presence of key players of sugar alcohol in North America is also one of the noteworthy factors for the growth of sugar alcohol market during the forecast period. In North America, the U.S. is estimated to account for the major market share throughout the forecast period. Europe is also expected to hold considerable market share during the forecast period of 2018-2023.

However, Asia-Pacific is projected to expand at a high pace as compared to the other regions. Increasing population in the developing economies, coupled with the rising concerns of health, is anticipated to drive the sugar alcohol market in Asia-Pacific. Increasing chronic diseases among the consumers in Asia-Pacific is expected to propel the sales of sugar alcohol in the near future. China and India are the major contributors to the Asia-Pacific sugar alcohol market.

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