Isomaltitol Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI1797
Isomaltitol Market size shall witness a healthy growth owing to its application in food & beverages and pharmaceutical industry. There is an increase in its consumption with growing health concerns such as obesity and diabetes. It contains nearly half calorie as compared to table sugar and has low gycemic index. Glycemic index (GI) is a parameter to measure sudden increase in blood sugar level after food consumption. The product possesses GI of 9 that is quite low as compared to sucrose having 65. These advantages offered by the compound compared to its counterparts is expected to propel the isomaltitol market.
Isomaltitol is preferable in various food products owing to its taste, low calorie content and similarity to sugar. It is non-hygroscopic in nature and does not absorb moisture that makes it an ideal ingredient for manufacturing candies, chewing gums, dessert toppings and baked goods. This increases the shelf life of food and it can easily be stored in humid climate. Candy market is growing at a CAGR of above 3.5% that in turn has enhanced its consumption. These factors are expected to further boost isomaltitol market.
Isomaltitol is a type of sugar alcohol blended with high intensity sweeteners like sucralose and used as a substitute of sugar owing to its properties similar to sugar. It is obtained from natural sources such as sugar beets but is not considered as natural due to extensive processing. At industrial level, it is prepared from sucrose with two step enzymatic and chemical process.
These are equimolar mixture of disaccharides each comprising of glucose and mannitol or glucose and sorbitol. It has less impact on blood sugar level and does not lead to tooth decay. Its energy value is 2 kcal/gm that is nearly half as compared to ordinary type. It is considered as fibre by body and may cause gastric distress. U.S.F.D.A has approved its usage and consumption in food.
Major restriction for isomaltitol market is its price. Its cost is around five times as that of common sugar. Further, the presence of various substitutes at different price and calorie gives it a tough competition. These contain fibre and on excess intake, it can cause gastric issues like bloating, flatulence, abdominal pain and diarrhoea. But as per experts, it is completely safe if consumed under 30 grams per day.
On the basis of raw material, isomaltitol market is classified into genetically modified and non-genetically modified. These are derived from sugar beets and genetically modified type has larger share as it gives higher output. Non-genetically modified has moderate share and has witnessed a rise with increasing resistance of consumers and candy manufacturers for modified type.
Based on end-use industries, isomaltitol market is segmented into food & beverages and pharmaceuticals. Food has major share with its use in baked goods, sugar free confectionaries, sweet spreads like jams and jellies. These are used for decorative garnishing and toppings in cakes and desserts as it is quite stable and resistant to humidity.
Bakery product market is growing at a CAGR of around 6% that in turn has increased its consumption. In beverages, isomaltitol are used in sports and energy drinks to enhance sugar content as it has low calorie. Pharmaceutical industry has moderate share with its use as sweetening agent in tablets, lozenges and cough syrups.
Europe contributes significantly in global isomaltitol market with presence of major players like BENEO. In the region, sports drink segment is growing at a CAGR of around 4.5% that is increasing product penetration.
North America follows growth trend of Europe owing to high production of sweet roots that are major source of isomaltitol. Further, growing obesity and health issues has increased the consumption of low calorie foods and beverages.
Asia Pacific has substantial share in isomaltitol market with its application in pharmaceutical and bakery product. Bakery product consumption is growing above 6.5% that has boosted its growth. Additionally, China and Japan have emerged as its potential producers with companies such as Fraken Biochem and Sanxinyuan Food Indusrty.
Major players in isomaltitol market are Cargill, BENEO, Roquette Freres, Atlantic Chemicals Trading, Ingredion, A & Z Food Additives, Fraken Biochem, Sanxinyuan Food Industry, Carbosnyth and Inchem to name a few. Companies are adopting mergers and acquisition strategy to increase their market share. Ingredian has acquired Penford Corporation, a natural based ingredient manufacturer.
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