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

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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

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 ATTRIBUTESDETAILS
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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