Global Maltitol Market Size By Form (Powder, Syrup), By Application (Fermented Products, Hard Candies), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Maltitol Market Size By Form (Powder, Syrup), By Application (Fermented Products, Hard Candies), By Geographic Scope And Forecast
Maltitol Market Size And Forecast
Maltitol Market size was valued at USD 255.14 Million in 2024 and is projected to reach USD 396.24 Million by 2031, growing at a CAGR of 6.24%during the forecast period 2024-2031.
The desire for sugar-free products is a major driver of the growth of the maltitol market due to the rising incidence of diabetes, heart conditions, and high blood sugar. The Global Maltitol Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Maltitol Market Definition
Maltitol is essentially a sugar substitute with a sweetness that is comparable to table sugar but has fewer calories. Consequently, maltitol is used in place of table sugar. 4-O-Glucopyranosyl-D-sorbitol is the chemical name for maltitol. Maltitol can offer sweetness in the range of 70 to 90%, and it has qualities that are similar to sucrose. Maltose, a disaccharide composed of two glucose molecules, is a sugar found in starch, which is used to make maltitol. Used in baked goods, chewing gum, unsweetened chocolate, chocolate coatings, candies, ice cream and other foods to add richness, sweetness and creamy texture.
Health agencies from all around the world, including those from the World Health Organisation, the European Union, as well as nations like Australia and Canada, have examined and endorsed the safety of maltitol. Additionally, the U.S. Food and Drug Administration (FDA) states that maltitol and maltitol syrups are safe to consume.
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Global Maltitol Market Overview
The desire for sugar-free products is a major driver of the growth of the maltitol market due to the rising incidence of diabetes, heart conditions, and high blood sugar. Other significant factors that will influence the growth of the maltitol market during the forecast period include the maintenance of the obesity rate and the expansion of the pharmaceutical industry. Rising health consciousness and self-consciousness, particularly among young people, have increased diet and weight loss inclinations for a healthy lifestyle, which has contributed to the market’s overall growth.
However, the market growth is expected to be constrained by the product’s high price. Additionally, the accessibility of cheap product alternatives will restrain the market’s overall expansion. Other factors that will create lucrative opportunities for the maltitol market in the coming years include the evolution of consumer tastes in food and the rise in disposable income.
Global Maltitol Market Segmentation Analysis
The Global Maltitol Market is Segmented on the Basis of Form, Application, And Geography.
Maltitol Market, By Form
Powder
Syrup
Crystal
Based on Form, the market is segmented into Powder, Syrup, and Crystal. The powder segment is expected to dominate the major market share during the forecast period. In pharmaceutical industry, powder based maltitol are widely used. Powdered maltitol has some health advantages, like being tooth-friendly, having fewer calories and a slower release of energy, and having a low glycemic index, among others. During the projection period, the syrup segment is anticipated to expand at a significant CAGR as it is extensively employed in beverages industry.
So, where does everyone use maltitol? Well, it breaks down into things like Fermented Products, Hard Candies, Cream Filling, Chocolate, Coating, Chewing-Gum, Fruit Filling, Ice-Cream, and even Fondant. Apparently, the chocolate and cream filling crowd are expected to use a lot of it in the coming years. And in the food and drink world, maltitol is a pretty popular sweetener. It's a polyol, similar to sucrose but with about 75-90% of the sweetness, which is why you'll find it in beverages, cake mixes, chocolate, and those yummy cream centers. Plus, with people wanting healthier options and "cleaner" labels, there's a real chance for maltitol to become even more popular!
Maltitol Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
On the basis of Geography, the Global Maltitol Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Due to rising health consciousness, increased consumption of sugar-free and low-sugar products, and expansion of the pharmaceutical and food industries in the region, Asia-Pacific currently holds a significant portion of the global maltitol market and is expected to maintain this position throughout the forecast period. Furthermore, owing to expanding low-sugar food consumption and rising health consciousness in the population, North America is anticipated to have profitable growth during the projected period.
Key Players
The “Global Maltitol Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Tate & Lyle PLC, Archer Daniels Midland Company, Cargill Incorporated, E.I. du Pont de Nemours and Company, Futaste Co Ltd, Ingredion Incorporated, Roquette Freres, Zhejiang Huakang Pharmaceutical Co Ltd, TCI America and others.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Maltitol market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Maltitol market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Tate & Lyle PLC, Archer Daniels Midland Company, Cargill Incorporated, E.I. du Pont de Nemours and Company, Futaste Co Ltd, Ingredion Incorporated, Roquette Freres, Zhejiang Huakang Pharmaceutical Co Ltd, TCI America
SEGMENTS COVERED
By Form
By Application
By Geography
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We dig deep into the market, using both numbers (quantitative) and insights (qualitative), breaking it down by segmentation based on all sorts of things, not just the economy. You'll get the market value in USD Billion for every segment and sub-segment. We'll point out which region and segment we think will grow the fastest and be the biggest. Our geographical analysis shows you where the product/service is being used and what's driving the market in each area. Check out the competitive scene, with rankings of the big players, plus what new stuff they've launched, partnerships they've made, how they've grown, and any acquisitions in the last five years, all in our company profiles. These profiles give you the scoop on each company, including their background, insights, product comparisons, and a SWOT analysis. Get the current and future market outlook, including recent happenings, opportunities, drivers, challenges, and restraints in both up-and-coming and established areas. We've also got an in-depth look at the market from different angles using Porter's five forces, a look at the Value Chain, and a feel for the market's dynamics and growth potential in the future. Oh, and you get 6 months of analyst support after you buy!
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