The global Xylitol market is expected to develop 738.1 by 2028, at a compound annual increase in price (CAGR) of 6.4% throughout the forecast period.
Xylitol acts as sweetening agent with low calorie. Market use of alternatives of the product as natural sugar is increasing substantially and is propelled to increase the xylitol market in the coming years. Cost-effective substitutes for sugar are available and is expected to control the growth of xylitol market size. Growth of xylitol market is expected to face substantial challenges from the cost-effective alternatives like mannitol and sorbitol over the forecast period.
The factors that are driving the growth of global xylitol market are rise in awareness amongst customers regarding the intake of calories because of which there is the occurrence of diseases like obesity, high cholesterol and cardiovascular problems. Another drivers that are participating in the growth of global xylitol market are demand for safe, economic and healthy alternatives of sugar. In addition, customers are agreed to spend on naturally-based sweetening agents rather than using regular sugar and is increasing the value for xylitol market worldwide. Change in the preference of customers for sugar free products and urbanization are the factors which positively increase the growth of xylitol industry.
Increase in the awareness for health is changing the behavior of customers substantially while purchasing the product. Customers in developing and developed countries have showed interest towards the confectionary and low-calorie food items. Shifting the need of customer is expected to boost the xylitol market during the forecast period. Increase in the demand for confectionary and sugar-free chewing gum are the drivers of global xylitol industry. Rise in the availability of oral care product, confectionary and chewing gum manufacturers in region of Asia Pacific is anticipated to augment the growth of xylitol market.
Growth in the number of diabetic population worldwide is the driver which is increasing the growth of xylitol market. After many research, it is said that consumption of high-calorie sweeteners can increase the threat for obesity and can cause diabetes. Because of this, consumption of low-calorie sweeteners is anticipated to surge in the foods consumed by diabetic population and at customers concerned about their weight which is leading towards the growth of global xylitol market. Due to the increase in price of xylitol can affect the growth of global xylitol industry. Variation in the supply of xylitol and the alternatives of xylitol like mannitol, maltol and sorbitol are anticipated to increase the growth of xylitol market.
Global xylitol market is segmented into application, form and region. On the basis of application, xylitol market is divided into pharmaceuticals, food & beverages, personal care and many more. Beverage & food segment is dominating the xylitol market because of increase in demand for sugar free products. On considering the form, market is divided into liquid, powder and solid form. Market of liquid form is dominated because of soluble nature and easy availability.
Geographically, regions involved increasing the xylitol market size are Europe, Asia Pacific, North America and Rest of the World. Major customer of xylitol is North America and is holding the largest global xylitol market share. Europe is the main consumer of xylitol market and is anticipated to grow during the forecast period.
Key players involved in the development of xylitol market share are Mitsubishi Shoji Foodtech Co., Roquette group, Novagreen Inc., and others.
Xylitol Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||Type, End- Users, Distribution Channel, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Mitsubishi Shoji Foodtech Co., Roquette group, Novagreen Inc.|
Key Segments in the “Global Xylitol Market” report are:
By Application, market is segmented into:
- Food & beverages
- Personal care
By Form, market is segmented into:
By Region, market is segmented into:
- Asia Pacific
- North America
- Rest of the World