Booming food & beverages industry to drive xylitol market growth over 2016-2023: Global revenue to hit USD 1.1 billion by 2023
Publisher : Fractovia | Published Date : 2016-12-02Request Sample
Growing health awareness among consumers, rising inclination towards natural low calorie sweeteners, and escalating demand for diabetic care products are anticipated to drive Global Xylitol market size over the coming years. Key performance measures such as excellent taste, low calorie, minimum effect on blood sugar & insulin level, and versatility are expected to boost the industry trends over the next few years. According to Global Market Insights, Inc., “Xylitol market Share worth USD 750 million in 2015, is expected to reach USD 1.1 billion by 2023, recording a CAGR of 4% over 2016-2023.” As per WHO reports, nearly 2.8 million people die every year due to obesity. Consumption of Polyol such as Xylitol through food & medicines can help in controlling weight by lowering glycemic index. The unabsorbed part of xylitol acts as a dietary fiber and helps in maintaining healthy gut function. Also, Xylitol is witnessing heavy demand in the pharmaceutical space where it is used as a sweetener in cough syrups, tablets, and tonics.
Xylitol finds wide set of applications in food, personal care, chewing gum, nutraceuticals, and pharmaceuticals. Xylitol market share in chewing gum sector contributed for approximately USD 450 million in 2015, and is expected to grow significantly over the coming years. It helps in preventing tooth decay & dry mouth and boosts oral health in adults & children. Xylitol applications in food sector is expected to record a CAGR of 7% due to growing consumer preference for natural sweeteners in food along with growing occurrence of obesity & diabetes. Furthermore, its increasing application in beverages and bakery items such as pastries, cakes, and cookies is predicted to drive the growth of the sector. Its application in personal care industry is expected to witness a significant surge over 2016-2023 due to polyol based preparations in fluoride tablets, toothpastes, and mouthwash.
U.S. Xylitol Market size, by application, 2013-2023 (Kilo Tons)
China xylitol market is anticipated to witness a significant growth over 2016-2023 due to its wide use in confectionary. France xylitol market is anticipated to grow at a rate of 5.5% over 2016-202. The growth can be attributed to rise in obese population along with growing occurrence of type II diabetes leading to heavy demand for low calorie sweeteners. Finland xylitol market revenue is projected to reach USD 8.5 million by 2023, owing to rising health issues due to excess sugar consumption as well as increase in health claims related to intake of xylitol among the Finnish population. Germany xylitol market price worth USD 65 million in 2015, is expected to witness significant growth over the coming seven years due to its growing use in chewing gums sector.
Brazil market is expected to witness a substantial growth over 2016-2023 owing to growing health awareness among consumers along with increase in per capita income. U.S. xylitol market is expected to witness a significant growth over the coming seven years, owing to rise in diabetic and obese population, promoting the product use as a low calorie natural sweetener.
Industry participants will try to increase their revenue through strategic alliances and market penetration over the coming years. Key industry players include DuPont, Yucheng Lujian Biological Technology Co. Ltd, Hangzhou Shouxing Bio-Technology Co. Ltd, Futaste Pharmaceutical Co. Ltd, CSPC Shengxue Glucose Co. Ltd, Roquette Freres Company, and DFI Corporation.
