September 09, 2020
According to the research report titled ‘Erythritol Market Size By Form, By Application, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global erythritol market is anticipated to grow significantly during 2020-2026.
Factors such as increasing production of erythritol along with rising adoption of the product as an artificial sweetener in diet friendly as well as low sugar foods are augmenting the growth of global erythritol market.
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For the record, erythritol is made by fermenting corn sugar called dextrose, and is widely adopted in the food and beverages industry since it adds sweetness and texture to the foods while preventing browning and dryness related issues.
Based on form, global erythritol market is split into powdered and granular. The powdered form of the product is made by combining and fermenting natural sugars, generally derived from corn.
With regards to application, erythritol is used across several industry verticals including pharmaceuticals, agriculture, animal feed or poultry, bakery, dairy, confectionery, cosmetics, and health and personal care products.
Other applications of erythritol include pet food, tabletop, and industrial applications such as hygroscopicity control and latent heat storage.
As per the regional analysis, Latin America is expected to develop as a lucrative opportunity for the erythritol market remuneration through 2026, owing to growing consumer awareness towards general health along with rising global consumption of erythritol.
Alternatively, Middle East & Africa erythritol market is projected to register a robust CAGR of 6.5% over 2020-2026. Increasing consumer preference of the product over traditional high calorie sugar along with rising disposable income are fostering the expansion of the regional market.
The leading companies that define the competitive landscape of worldwide erythritol market include Unterhofer & Partner KG, Cerestar Holding BV, Tate & Lyle PLC, O Laughlin (Tianjin) Industries Co., Ltd, Food Ingredients Technology Company, LLC, Zhucheng Xingmao Corn Developing Co., Ltd., Futaste Pharmaceutical Co. Ltd., Nikken Chemical Laboratory Co., Ltd., Baolingbao Biology Co., Ltd., Mitsubishi-Kagaku Foods Corporation, Zhucheng Dongxiao Biotechnology Co. Ltd., Zibo ZhongShi GeRui Biotechnology Co Ltd., Foodchem International Corporation, Shandong Sanyuan Biotechnology Co. Ltd., Cargill Inc., and Jungbunzlauer Suisse AG among others.