The Xylitol market is projected to grow at a CAGR of 6.0% to reach USD 1354 million by 2026 from USD 900 million in 2019. Increasing health awareness amongst consumers for reducing calorie intake on account of the rising prevalence rate of several lifestyle diseases such as cardiovascular problems, high cholesterol, and obesity along with consumers’ willingness to pay more for safe sugar substitutes has significantly contributed to the growth of this market.
The research report analyses the ecosystem of Xylitol and categorizes the Xylitol Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
In terms of application, the Chewing Gum segment is estimated to be the largest segment during the forecast period
In terms of application, the global Xylitol market can be segregated into Chewing Gum, Confectionery, Bakery, Oral Care, Personal Care, and others. The Chewing Gum segment of the Xylitol market is projected to be the largest, on account of the rapid rise in demand for sugar-free chewing gums across the globe. Oral care is expected to be the fastest-growing segment in the forecast period. Xylitol is increasingly being used in fluoride tablets, toothpaste, gels, and mouthwash.
By Production Method, the Biotechnological Method is expected to be the fastest-growing segment
Commercial chemical production of Xylitol involves hydrogenation of xylose using nickel as a catalyst. However, this process consumes more energy and is thus costly. This has led to the usage of the biological processes from lignocellulosic materials as these are abundant. The biological process is also renewable, cost-effective, and economical. It is thus fast gaining popularity and therefore emerging as the fastest-growing segment of the Xylitol market.
Asia-Pacific is expected to be the largest and fastest-growing segment in the forecast period
The Asia Pacific accounted for the largest share of the Xylitol market. The region is also projected to witness a higher product demand in the coming years on account of increasing population, rising incidence of diabetes and other lifestyle-related diseases, shifting consumer preferences, and changing lifestyle habits. Rising disposable income coupled with health consciousness and growing consumer awareness in major Asia- Pacific countries such as Japan, China, India, Malaysia, Singapore, South Korea, and Indonesia has contributed to the growing market of Xylitol in this region.
The key players operating in the market are Cargill, Inc., DuPont Danisco, Roquette Freres, ZuChem, Inc, NovaGreen, Inc., DFI Corporation, Zhejiang Huakang Pharmaceutical Co., Ltd, Xylitol Canada, Inc., Jining Hengda Green Engineering Co., Ltd., Shandong Biobridge Technology Co., Ltd, Shandong Futaste Co., Ltd., Foodchem International Corporation, Mitsubishi Shoji Foodtech Co., Ltd.
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.