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.
Maltitol Market, By Application
Fermented Products
Hard Candies
Cream Filling
Chocolate
Coating
Chewing-Gum
Fruit Filling
Ice-Cream
Fondant
Based on application, the market is segmented into Fermented Products, Hard Candies, Cream Filling, Chocolate, Coating, Chewing-Gum, Fruit Filling, Ice-Cream, and Fondant. The segment of chocolates and cream fillings is anticipated to account for a sizeable portion of the market over the forecast period. In the food and beverage industry, maltitol is widely used as a sweetener. Maltitol, a polyol that is used as a sugar substitute and has qualities that are almost equivalent to sucrose, comprises between 75 and 90 percent of the sweetness of sucrose. It is frequently used in beverages, cake mixes, chocolate, and cream centers. There are opportunities for expansion due to changing eating habits and a rise in the demand for clean-label products.
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
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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