June 12, 2020
According to the research report titled ‘Xylitol Market Size By Application, Industry Analysis Report, Regional Outlook, Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global xylitol market is expected to register substantial growth during 2020-2026.
Rising adoption of xylitol as a low-calorie sweetener in food and confectionary products is a major factor driving the market growth. The product is naturally found in fruit and vegetable fibers. Increasing awareness pertaining to health benefits of xylitol is further aiding the market expansion. Xylitol offers similar sweetness like sucrose but comprises of lower calories. Moreover, the product helps in preventing the growth of mouth bacteria which can harm the teeth surface. Increasing utilization of xylitol in oral health care products, toothpastes and sugar-free gum is stimulating the industry outlook.
Based on the application spectrum, global xylitol market share from pharmaceutical segment is predicted to expand with a CAGR of 3.5% between 2020 and 2026. The product is widely adopted in mouthwashes, chewable multivitamins, toothpastes and lozenges. Xylitol further helps in reducing yeast and ear infections. FDA approval for usage of xylitol as a food additive to meet the dietary needs for diabetes across the United States is favoring the market outlook.
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As per downstream potential application scope, xylitol market is categorized into propylene glycol, ethylene glycol, and xylaric acid. The xylaric acid segment was worth USD 155 million in the year 2019 and is projected to acquire notable returns in the forthcoming years.
From the regional point of view, Latin America currently holds 4.5% market share and is estimated to generate lucrative revenues in the ensuing years. Parallelly, xylitol market in Middle East & Africa is anticipated to record a y-o-y growth rate of 3% through 2026, owing to rapid industrialization.
Asiamerica Group Inc., Herboveda India, Tangyin Hung Industrial Co. Ltd., A & Z Food Additives Co. Ltd., Foodchem International Corp., Shandong Biobridge Technology Co. Ltd., CarboMer Inc., Jining Hengda Green Engineering Co. Ltd., Xylitol UK Ltd., Xylitol Canada Inc., Zhejiang Huakang Pharmaceutical Co. Ltd., DFI Corp., Futaste Co., NovaGreen Inc., Thomson Biotech, ZuChem, Mitsubishi Shoji Foodtech, CSPC Shengxue Glucose, Ingredion, Roquette Freres, Danisco A/S (DuPont) and Cargill Inc. are the major contenders in global xylitol market.