May 19, 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 estimated to register substantial growth during 2020-2026.
For the record, erythritol functions as an artificial sweetener which is mostly used in low-sugar and sugar-free food items. It is produced by fermenting dextrose, a type of sugar found in corn.
Consumer inclination towards erythritol for maintaining oral health and blood sugar levels is stimulating the industry outlook. Erythritol replaces sugar and calories to create diet friendly results. It is widely adopted among diabetic patients as it allows consumers to follow low-sugar diets without compromising on the sweetness. Favorable regulatory scenario pertaining to erythritol is fueling the market size. For instance, WHO and U.S. FDA recognized erythritol as safe for consumption in 1999 and 2001 respectively.
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Erythritol is not only used as a natural sweetener, but also added in various beverages such as flavored milks & waters, iced teas, diet soft drinks, soy-based beverages, sports drinks, smoothies, carbonated and non-carbonated beverages. Apart from food & beverage industry, erythritol finds application in personal care products such as bath, soap, oral care, color cosmetics, skin care products and deodorants.
By form, powdered erythritol market segment is predicted to expand substantially during the forecast period, as the product is largely used as sweeteners in bakery since it provides similar properties like sugar.
Erythritol market from pharmaceutical application is expected to register considerable growth during the study period. Rising adoption of erythritol in applications such as tablets, lozenges, coating agent, wet granulation, medicated confectionary, medicated chewing gums and liquid dosage forms is favoring the market outlook.
As per the regional analysis, Latin America erythritol market is reckoned to witness robust growth during the analysis timeframe, primarily due to increasing health awareness.
Meanwhile, erythritol market in Middle East & Africa is predicted to showcase a 6.5% growth rate through 2026. Rising concerns regarding the use of high calorie sugar along with improving per capita income are complementing the business dynamics in MEA.
The prominent companies in erythritol market are Unterhofer & Partner KG/ZeroCal, Cerestar Holding B.V., Tate & Lyle, O’Laughlin (Tianjin) Biotech, Ingredienstech Co. Ltd., Zhucheng Xingmao Corn Developing, Futaste, Nikken Chemical, Mitsubishi Kagaku Foods Corp., Baolingbao Biology, Zhucheng Dongxiao Biotechnology, Zibo ZhongShi GeRui Biotech, Foodchem International Corp., Cargill, Shandong Sanyuan Biotechnology and Jungbunzlauer Suisse AG among others.