Many people think that ‘sugar alcohol’ is a peculiar type of sugar that contains alcohol. But this is a highly wrong notion! They contain neither sugar nor alcohol, the name of this substance is derived from its chemical formula. The chemical structure of this component bears resemblance to that of sugar and alcohol in equal parts hence the name. This component is basically used as a substitute for table sugar to sweeten various food items and beverages. In the last few years, owing to its unique and beneficial characteristics it has made a name for itself. As a consequence, to that sugar alcohol market has gained momentum.
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There are numerous growth factors that cumulatively contribute towards the development of the market. One of the major growth propellers happens to be the massive change in lifestyle of the general population. Unlike earlier times, people these are way more concerned about their fitness and wellbeing. This in turn works in the favor of the market.
The upsurge in the ratio of people suffering from obesity and diabetes is another growth propeller for this industry. However, the market may face certain restraints like shortage of raw materials and high pricing of the same. Although, with time the market will overcome such issues and emerge victorious.
Recently, the global Sugar Alcohol Market witnessed a huge and groundbreaking innovation. It was the discovery of the fact that sugar alcohol could be used to store energy in heat form. A recent experiment brought to light that these compounds could be effectively utilized to store solar energy and wind energy as they comprise xylitol that is adept enough to store energy in heat form.
Market Players & Key Trends
Some of the most well-known and successful players of this market can be listed as Roquette Freres, Cargill, Chemicals Trading GmbH, and Fraken Biochem Co. Ltd. To stay ahead in the competitive arena, these players use strategies like novel product development and strategic expansion.
The worldwide sugar alcohol market has been separated into four distinct parts. They can be listed as sources, geographies, types and applications.
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