The global Polyol Sweeteners Market was valued at USD 2.23 billion in 2016 and is projected to reach USD 3.68 billion by 2025, growing at a CAGR of 5.7% from 2017 to 2025.
Polyols are sweeteners with reduced caloric value. Based on corn and sugar derivatives, polyols can also be used as bulking agents and to improve the texture of foods and beverages.
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Polyols can also be used in combination with intensive edulcorants for better results. Growing awareness regarding the importance of low caloric intake is driving this market.
Market Dynamics:
1. Market Drivers
1.1 Growing awareness regarding the importance of low calorie intake
1.2 Growing demand pharmaceutical companies
1.3 Increasing R&D investments and new product developments
2. Market Restraints
2.1 High cost
2.2 Availability of synthetic alternatives
Market Segmentation:
The global Polyol Sweeteners Market is segmented on the basis of form, product, function, application, and region.
1. Global Polyol Sweeteners Market, by Form:
1.1 Powder
1.2 Liquid
2. Global Polyol Sweeteners Market, by Product:
2.1 Sorbitol
2.2 Erythritol
2.3 Maltitol
2.4 Isomalt
2.5 Xylitol
2.6 Others
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3. Global Polyol Sweeteners Market, by Function:
3.1 Flavoring Or Sweetening Agents
3.2 Bulking Agents
3.3 Excipients
3.4 Humectants
3.5 Others
4. Global Polyol Sweeteners Market, by Application:
4.1 Bakery & Confectionery
4.2 Beverages
4.3 Dairy
4.4 Oral Care
4.5 Pharmaceuticals
4.6 Others
5. Global Polyol Sweeteners Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Dfi Corporation
2. B Food Science Co., Ltd.
3. Batory Foods
4. Gulshan Polyols Limited
5. Jungbunzlauer Suisse AG
6. Ingredion Incorporated
7. Südzucker AG
8. Tereos Starch & Sweeteners
9. Roquette Frères S.A.
10. E.I. Du Point De Nemours and Company
11. Archer Daniels Midland Company
12. Cargill
13. Hyet Sweet
14. Spi Pharma
15. Sweeteners Plus Inc.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.