Xylitol, used as a sweetener is a sugar alcohol. It is found in various plant materials such as vegetables and fruits. At present, xylitol is commercially extracted from corn cobs and birch wood and many processes are still in development stage to extract xylitol from other sources. Xylitol is widely used as a sugar substitute owing to its low calorie content.
The market for xylitol is mainly driven by weight and health conscious consumers. The demand for xylitol is projected to be highest from the low-calorie and sugar-free food products. The FDA approval of xylitol based products for medical claims is projected to augment the market growth. Imbalance in supply of raw materials is the major factor hampering the market growth. However, expanding application scope of xylitol in pharmaceuticals and nutraceuticals segment will create immense market opportunities for the market players.
By application type, the market is segmented into chewing gums, confectionary, personal care products, pharmaceuticals, nutraceuticals and others. The chewing gum segment accounted for the largest share of the market demand in 2020 and is projected to maintain its dominance during the forecast period. Xylitol is mainly used in sugar-free chewing gum as it offers flavor, cooling, and sweetness effects. It also finds its application to coat sugar-free gum pellets due to its crystallization and fast drying properties. Confectionery segment accounted for the second largest share of the market in 2020. Xylitol is used as an alternative to sugar, specifically in the bakery sector. Moreover, rising demand for sugar free products such as candies, energy bars and chocolates is projected to boost the market demand.
In 2020, Europe accounted for more than 30% share of the market in terms of volume and revenue. The region is projected to maintain its dominance during the forecast period. The European market is witnessing growth on the back of rising prices of sugar and rising health concerns. Asia Pacific is the fastest growing market due to rising demand of low caloric sweeteners. North America market is projected to witness moderate growth rate during the forecast period of 2021 to 2029.
The report titled “Global Xylitol Market - Growth, Future Prospects & Competitive Analysis, 2021 – 2029” offers strategic insights into the global xylitol market along with the market size and estimates for the duration 2018 to 2029. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading xylitol manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are DuPont, Cargill, Ingredion, CSPC Shengxue Glucose and Roquette Frres among others. Further, the report also covers market positioning of the key players operating in the xylitol market.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global xylitol market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.
Owing to its versatile properties such as crystallization, low caloric content and rapid drying xylitol is mostly used in chewing gums. Xylitol is also used in manufacturing of products such as hard candies, chocolates and energy bars targeting diabetic consumers. In 2020, chewing gum industry accounted for the largest share of the market. The segment accounted for 64.7% of the total demand. In the same year, confectionary applications accounted for the second largest share of the total demand. These two segments are projected to maintain their dominance during the forecast period of 2021 to 2029.
Xylitol can be used as sweetener, vitamin or excipient in tonics syrups due to its non-fermenting property. Furthermore, the U.S. FDA approval of xylitol based products for medical claims will also augment the market growth. Therefore, in future growth is projected to be highest from pharmaceuticals and nutraceuticals application segments.
Growth in the food industry in key regions of North America and Europe is projected to drive the xylitol demand. In 2020, North America and Europe together accounted for more than 60% share of the market in terms of volume and revenue. In 2020, Europe accounted for the largest share of the overall market in terms of demand. Rising prices of sugar has led to high adoption of xylitol as a substitute in this region. The market is projected to grow at a CAGR of 7.0% in terms of revenue for the forecast period of 2021 to 2029. Germany, UK and France are the major contributors towards the market growth.
North America market is projected to witness moderate growth rate during the forecast period. In North America, the U.S. is the largest market for xylitol due to growth of pharmaceutical industry in the region. Asia Pacific region is projected to be the fastest growing market. Rising demand for low caloric sweeteners coupled with growing health concerns in countries such as China and India are contributing towards the market growth.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Xylitol market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
