Sugar Alcohol Market Anticipated To Accelerate The Growth By 2028.

Sugar Alcohol Industry Overview

The global sugar alcohol market size was estimated at USD 3.42 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2022 to 2028.

Rising demand for low carbohydrates coupled with growing health consciousness regarding food and beverages from consumers across the globe are expected to promote the sugar alcohol market growth over the next few years. Additionally, increasing obesity and diabetic patients among the population will further drive the industry demand. Sugar alcohol is an organic molecule produced from sugars with a hydroxyl group with carbon. Majorly used sugar alcohols are sorbitol, mannitol, xylitol, maltitol, glycerol, lactitol, arabitol, erythritol, isomalt, and hydrogenated starch hydrolysates (HSHs). The product is a low-calorie sweetener used for making sugar-free or low-sugar products such as food additives, toothpaste, medicines, and beverages.

Gather more insights about the market drivers, restrains and growth of the Global Sugar Alcohol Market

During the COVID-19 pandemic and the subsequent lockdown situation, governments of various countries restricted, or citizens preferred to stay at home as a precautionary measure. Various festivals, sports events, exhibitions, and other public events were canceled across the world. Due to this overall production and supply chains were disturbed. Due to this, the market experienced a shortfall in sales due to restricted production, disturbed supply chains, and reduced demand. Considering this short slack in market revenue it is expected to witness a healthy market growth rate in the upcoming years after COVID restrictions.

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Key Companies Profile

Some of the prominent players in the sugar alcohol market include: