Erythritol is a chemical compound or a sugar alcohol, which is used as a food additive and as a substitute for table sugar. Erythritol is as sweet as sucrose (generally 60-70%), yet it is almost noncaloric and consumption of erythritol does not affect blood sugar level or cause tooth decay. Erythritol occurs naturally in some of the fermented foods and fruits. At the industrial level, erythritol is produced from glucose by fermentation with yeast species. Erythritol is naturally extracted from corn, stevia, monk fruit extract, and many more sources. Growing consumer preferances for sugar subtitutes and increasing application in the food industry are the factors influencing the market for erythritol.
MARKET DYNAMICS
The erythritol market has witnessed a significant growth owing to factors such as increasing consumer preference for low calorie sweeteners. Also, erythritol finds its applications in several end-use industries such as food processing, beverage making, personal care, and healthcare , which is further driving the growth of this market. Food manufacturers uses erythritol in confectionaries and beverages. However, availability of substitutes like table sugar may put impact in the growth of erythritol market. Nevertheless, significant growth in the food processing and personal care industries in emerging countries is also adding inputs to the growth of erythritol market and aslo open up opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Erythritol Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the erythritol market with detailed market segmentation by form, application, and geography. The global erythritol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading erythritol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global erythritol market is segmented on the basis of form and application. On the basis of form, the erythritol market is segmented into erythritol powder and erythritol granular. The erythritol market on the basis of the application is classified into confectionery, beverage, personal care, health care, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global erythritol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The erythritol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the erythritol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the erythritol market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global erythritol market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from erythritol market are anticipated to lucrative growth opportunities in the future with the rising demand for erythritol in the global market. Below mentioned is the list of few companies engaged in the erythritol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the erythritol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baolingbao Biology
- Cargill, Incorporated
- HYET Sweet
- Jungbunzlauer Suisse Ag
- Shandong Sanyuan Biotechnology
- Sopure Stevia
- Zhucheng Dongxiao Biotechnology
- Zhucheng Dongxiao Biotechnology
- Zibo ZhongShi GeRui Biotech
- Van Wankum Ingredients
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