The global Sugar Alcohol Market is expected to reach USD 2,290.5 Million by 2028. Increasing inclination towards organic cosmetic products is anticipated to drive industrial growth. Sugar Alcohol is used in cosmetics as a humectant as well as a thickening agent, among others. As a humectant ingredient, it checks the moisture loss by drawing water from the air through osmosis, therefore maintaining both the skin and the hair's moisture level. Moreover, it gains frequent use in gel products, owing to its capacity to retain moisture. It is used widely in cosmetics as a thickening agent due to its ability to give favored features such as consistency, viscosity, or adhesion to the products.
Rise in competition in the global market has led to increasing innovation and technological advancement in the sector to meet the rising demand of environmentally conscious consumers. The report analyses the manufacturing and consumption of products to give an accurate forecast estimation of the global market. It also offers a panoramic overview of the market to help stakeholders, vendors, investors, and clients make informed decisions.
Statistical data indicating product consumption across all these topographies have been cited in the report. These particulars additionally consist of a basic summary of the corporations, company profile, and the product portfolio of the company in focus. The report analyses the gathered information relating to the profits accrued, sales, gross margins, price patterns, revenue and updates on the activities of the company.
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The industry has been growing steadily over the past decade and CAGR is expected to improve over the forecast period. It is also likely to be one of the industries influencing global revenue generation. Rapidly growing demand, an abundance of raw materials, population growth, financial stability, and product awareness are some of the factors that make progress directly and indirectly in the market.
This global study report is a comprehensive analysis of the industry offering historic and forecast assessment of the global market. Along with SWOT analysis and Porter’s Five Forces analysis, the report also covers feasibility analysis and investment return analysis. Key statistical data has been organized into charts, diagrams, bar graphs, figures, and other pictorial representation. The report also offers strategic recommendation to key players and new entrants to overcome challenges and gain a robust footing in the market.
Key Participants:
Key participants include America International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont, Merck KGaA, SPI Pharma, Roquette Frères, Tereos Starch Sweeteners, Ecogreen Oleochemicals Pte. Ltd., and Gulshan Polyols Ltd., among others.
Further key findings from the report suggest:
- By product type, the liquid Sugar Alcohol segment contributed to a larger share in 2019 and is expected to grow at a rate of 6.1% during the forecast period. The high market demand for liquid Sugar Alcohol is due to its increasing demand as a sweetener in the food beverage and pharmaceutical industries. Besides, economical manufacturing cost and easiness of use of this product type are responsible for its high sectoral share.
- By application, direct application held the largest market share in 2019 and is projected to grow at a 5.1% rate during the forecast period.
- By End Use, the food beverage industry dominated the industry in 2019 and is forecasted to experience a growth rate of 5.4% in the period. Sugar Alcohol also finds great application in the food beverage industry as a sweetener, humectant, and bulking agent, among others.
- The North American region accounted for the second-largest market share in 2019 and is forecasted to grow at a rate of 5.0% in the forecast period. The demand for Sugar Alcohol in North America is attributed to the growing awareness about the dietary supplements and their nutritional advantages amongst the consumer in the region.
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Market Segmentation:
Product Outlook (Revenue, USD Million; 2020-2028 Volume, Kilo Tons; 2020-2028)
- Liquid/ Syrup
- Powder/ Crystal
Function Outlook (Revenue, USD Million; 2020-2028 Volume, Kilo Tons; 2020-2028)
- Sweetener
- Bulking Agent
- Flavouring Agent
- Humectant
- Others
Application Outlook (Revenue, USD Million; 2020-2028 Volume, Kilo Tons; 2020-2028)
- Direct Application
- Indirect Application
End Use Outlook (Revenue, USD Million; 2020-2028 Volume, Kilo Tons; 2020-2028)
- Personal care
- Oral Care
- Toothpastes
- Chewing Gums
- Mouth Fresheners
- Skin Care
- Hair Care
- Colour Cosmetics
- Others
- Chemical
- Surfactants
- Ascorbic Acid (Vitamin C)
- Polyether
- Others
- Food Beverages
- Bakery Products
- Breads
- Cakes
- Biscuits Cookies
- Confectionery Products
- Jams Preserves
- Chocolates
- Processed Food
- Dairy Frozen Dessert
- Diabetic Dietetic Food
- Beverages
- Diet Soda
- Fruit Juices Syrups
- Others
- Pharmaceutical
- Counter Medicine
- Syrups
- Tablets
- Direct Compression
- Wet and Dry Granulation
- Capsules and Sachets
- Creams and Emulsions
- Medicated Confectionery
- Hard Boiled Candies/Lozenges
- Medicated Chewing Gums
- Others
Regional Outlook (Revenue, USD Million; 2020-2028 Volume, Kilo Tons; 2020-2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East Africa
- Saudi Arabia
- Latin America
- Brazil
Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Sugar Alcohol market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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