Increasing Demand for Low-calorie Sweeteners to Drive Sales of Erythritol Based Products, says TMR
Erythritol provides high digestive tolerance and its consumption does not cause any tooth decay. Thus, due to growing awareness regarding its benefits, the global erythritol market is expected to expand at a brisk pace. A new research report Transparency Market Research (TMR) titled “Erythritol Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” serves as a repository of analysis and information regarding every aspect of the global erythritol market.
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The report offers qualitative insights into the market dynamics such as drivers, restraints, and opportunities. The growing incidence of diabetes is fuelling the global demand for the erythritol. It acts as a sweetener with very low or no calories, making their consumption safe for people suffering from diabetes. Moreover, the rising health consciousness amongst consumers and changing consumer lifestyles in emerging economies are expected to propel the growth of the market. On the other hand side, the demand for erythritol faces a stiff challenge from substitutes such as stevia.
In terms of application, the global erythritol market is segmented into the pharmaceutical industry, personal care industry, food and beverage industry, and others (including agriculture/animal feed). The food and beverages industry is further classified into the food industry and beverage industry. The erythritol is used in the food industries as protective agents and sweetener in confectionaries and to manufacture low-calorie diet food. In the pharmaceutical industries, it is used as a flavoring agent to enhance the taste of medicine. In the personal care industries, they are also used as preservatives and in oral care and other products.
Geographically, the market is segmented into North America, Asia Pacific excluding Japan, Eastern Europe, Western Europe, Japan, Latin America, and the Middle East and Africa. North America, Western Europe, and Japan collectively hold a dominant share of the overall market revenue owing to increasing demand for sweeteners. Emerging economies in the APEJ and LATAM regions are expected to witness promising growth Countries such as India and China are likely to emerge as lucrative markets due to the presence of a large pool of diabetic patients.
The manufacturers operating in the global erythritol market must abide by the regulations regarding the permissible limit of using the erythritol in products. The report provides a detailed description of key players’ profile along with their cost and revenue structure, capacity, product specifications, latest developments, and contact information. Some of the key players in the market are Foodchem International Corporation, Cargill Inc. Inc, and Shandong Sanyuan Biotechnology Co. Ltd.