Global Erythritol Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031

Global Erythritol Market Introduction

MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Erythritol Market by Form (Granular, Powdered), Application (Food & Beverages, Personal Care, Pharmaceutical & Health Supplements, Other Applications), and Region (North America, Europe, APAC, South America, MEA). Global Forecast to 2031” offers a holistic view of the global erythritol market through systematic segmentation that covers every aspect of the target market.

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The Global Erythritol Market is projected to be US$ 220.0 Mn in 2020 to reach US$ 482.6 Mn by 2031 at a CAGR of 7.8%.

Erythritol is a sugar alcohol commonly used as an artificial sweetener in several low-sugar and sugar-free foods. Erythritol is a naturally rich sweetener, and its importance is increasing, especially in the food and pharmaceutical industry. Erythritol is naturally found in some mushrooms, fruits (such as watermelon, grapes, and pears), and fermented foods, including wine, cheese, sake, and soy sauce. Erythritol is commonly used as a sweetener in low-calorie foods, candies or bakery products. Erythritol is also used in various solid and liquid formulations, including granular powders, tablets, tablet coatings, consumer-friendly lozenges, chewing gums, syrups, and oral care products.

Global Erythritol Market Revenue (US$ Mn), 2020–2030

Source: Prudour, 2021

Diabetes is one of the most common diseases in developed and developing countries. In recent years, there has been a significant increase in the number of diabetic patients as a result of unhealthy lifestyles and dietary habits. Diabetes is characterized by insulin production and utilization impairments, leading to an inability to regulate blood sugar levels. The rising rates of diabetes provide a plethora of opportunities for companies that produce erythritol as a sweetener substitute. This factor is expected to increase the revenue growth for this target market over the forecast period. Erythritol is also used in the pharmaceutical and personal care industries. The pharmaceutical industry uses erythritol in excipients and syrups, chewable tablets, lozenges and oral liquids. In addition, the personal care industry also uses erythritol, adding it as an ingredient in deodorants, skin care products, soaps and soft soaps, and bath products. These elements are also slated to augment growth in sales for this target market.

Impact of COVID-19 pandemic on Global Erythritol Market

The COVID-19 pandemic has adversely impacted trade activities and severely affected the global demand for multiple end-use products. The impending economic recession may also adversely affect future investments in the food industry. The outbreak of this particular epidemic has affected the respective supply chains of companies worldwide. As major economies have experienced preventive manufacturing lockdowns, a considerable gap between market supply and demand has appeared, making it difficult for manufacturers and distributors to manage their supply operations. China is one of the largest factories of many raw materials and commodities globally. Due to supply chain disruptions, such as reduced/no imports and exports, the consumption of sugar alcohols in the food and beverage industry has dropped significantly. This is the main factor that is expected to have a negative impact on the revenue growth prospects of the erythritol market. However, as these blockade measures are gradually lifted, and the economy begins to recover, the market is expected to reflect the same situation.

Global Erythritol Market Attractiveness Analysis by Form, 2015–2031

Source: Prudour, 2021

The global erythritol market is segregated into form, application, and regions. The granular form segment is expected to register a relatively higher revenue growth over the forecast period based on the form segment. The food & beverages industry segment is expected to register a relatively higher revenue growth over the forecast period among all applications. Based on region, the North America region is likely to show a significant revenue compared to other regions over the forecast period.

Global Erythritol Market segmentation based on Form, Application, and Region:

Based on Form

• Granular
• Powder

Based on Application

• Food and Beverages
• Personal Care
• Pharmaceutical & Health Supplements
• Other Applications

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Global Erythritol Market Key Market Players

• Archer-Daniels-Midland Co.
• Cargill Incorporated
• Jungbunzlauer Suisse AG
• Baolingbao Biology Co. Ltd.
• Zhucheng Dongxiao Biotechnology Co. Ltd.
• Shandong Sanyuan Biotech Co. Ltd.
• Foodchem International Corporation
• Steviva Brands Inc.
• Futaste Co. Ltd.
• B Food Science Co. Ltd.,
• Other Key Industry Players