Global sugar alcohol market expected to reach $2.46 billion by 2034 with CAGR of 5.9%
From GlobeNewswire: 2025-03-10 09:31:00
The global sugar alcohol market reached US$ 1.39 billion in 2024, with a projected CAGR of 5.9% from 2024 to 2034. Rising diabetes cases and a focus on reducing sugar intake are driving demand growth. Food and drinks made with sugar alcohols are replacing ordinary sugar due to metabolic benefits. The market is expanding as consumers seek healthier options in food and beverages.
The market for sugar alcohol is expected to reach US$ 2.46 billion by 2034, with North America holding 23.9% of the market share in 2024. The United States is set to generate revenue of US$ 273 million by 2034. Bakery goods application revenue is projected to reach US$ 465.6 million by 2034. South Korea and China markets are also growing steadily.
Key players in the sugar alcohol market include BENEO GmbH, Beckmann Kenko GmbH, and Cargill, Inc. These companies are driving market growth by offering low-calorie and low-glycemic sweetening alternatives. Sugar alcohols like sorbitol, xylitol, and erythritol are being increasingly used in bakery goods to enhance texture and flavor, making them a popular sugar alternative.
Manufacturers in the sugar alcohol industry are leveraging digital media to reach domestic and international consumers as demand for low-calorie sweeteners rises. R&D investments are being made to improve sugar alcohol flavor and texture, meeting the demand for healthier ingredients. Recent industry developments include new product launches and sustainability initiatives by key players like Tate & Lyle PLC.
The global industrial sugar market is projected to reach US$ 64.48 billion by 2034, driven by increasing sugarcane output. Date sugar sales surpassed $2 billion in 2022 due to its antibacterial properties. The glucose and fructose market reached $13.65 billion in 2024, with a projected growth to $20.78 billion by 2034. The food ingredient market is expected to grow from US$ 35.15 billion in 2024 to US$ 56.79 billion by 2034, driven by demand for natural flavors.
The plant-based meat market is projected to reach $25.29 billion by 2034, with a 5.8% CAGR. The botanical supplement market is set to hit $34.2 billion by 2034, growing at a 5.9% CAGR. The direct-to-customer (D2C) pet food market is expected to grow from $2.8 billion in 2024 to $18.3 billion by 2034, driven by demand for high-quality pet nutrition.
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