Polyglycitol Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1505
Global Polyglycitol Market size is set to witness an exponential growth in the forecast years owing to its wide use as a bulking agent in sugar-free, dried, and frozen foods. The product is also known as hydrogenated starch hydrolysate and is found in the form of viscous, transparent, odorless, and colorless liquid or in white crystalline lumps.
Sugar free products are on an increasing demand among the global population providing the polyglycitol market its roots to grow. Sudden changing lifestyles has had a serious impact on the eating habits of people globally. Over the last decade, higher per capita income and increasing standard of living has abled the population to binge upon unhealthy and junk food products. This has been the root cause to almost all the lifestyle related diseases such as diabetes and obesity. According to a survey conducted by the World Health Organization (WHO), the seventh foremost reason for death by 2030 is anticipated to be diabetes. Sugar has caloric properties that gradually has a fattening effect. These aspects have jointly forced the consumers replace sugar with non-sugar sweeteners. Health consciousness in people is observed to be increasing which gradually makes them shift to these products, hence propelling the overall polyglycitol market.
As the number of overweight and obese people is rising by the day, polyglycitol market may have strong opportunities in the coming years. According to WHO, in 2014, more than 1.9 billion adults were overweight worldwide, of which more than 600 million were considered obese. Obesity is observed in not only adults but also in children and teenagers. The worldwide percentage of obesity has more than doubled between 1980 to 2014. Overweight and obesity is observed in not only high income countries but has started in even middle and low income countries. 41 million children under the age of five years are facing obesity problems. In low-income countries of Africa, the number of overweight or obese children have doubled to 10.6 million in 2014 from 5.4 million in 1990.
Sudden excessive intake or dose of polyglycitol can cause diarrhea and other gastrointestinal diseases such as bloating, flatulence, and other abdominal discomforts. Alternative sweetening options to avoid such diseases include agave, dates, brown rice syrup, and coconut sugar. This may be considered as a restraint for the polyglycitol market.
Polyglycitol market can be classified on the basis of product type, applications and region. On the basis of product type, polyglycitol market is segregated into lumps, powder and liquid syrup. Its properties indicate that the product is highly water soluble and slightly soluble in ethanol.
Considering the applications, polyglycitol market is segmented into bulking agents, stabilizers, humectants, sweeteners, and texturizer. Bulking agents are additives that increase the volume of the food without affecting its taste. Stabilizers help the ingredients to blend properly and stay homogenous. Similarly, humectants are used in food to retain its moisture. Increase in the demand for convenience foods due to changing lifestyles and shift in eating habits has led to a demand for these additives.
Polyglycitol market is globally divided on the basis of geographical regions mainly, Asia Pacific, Europe, North America, Latin America and Middle East & Africa. North America account for a significant share of the global polyglycitol market due to the increasing number of obese people in the region. The rise in the health consciousness among people and growing number of weight trainers is anticipated to drive the polyglycitol market demand in the forecast period.
The rest of the world is also projected to face an upswing in polyglycitol market owing to the growing number of fitness conscious people focusing towards a healthier lifestyle. Asia Pacific is also on a rising number of obesity. In Asia Pacific, the countries like India and Vietnam have a lower obese population as compared to China and other countries.
The primary players operating in the polyglycitol market include Pacific Coast Chemical Co., Triveni Chemicals, Corn Products International, Inc., Ingredion, Hangzhou Dayangchem Co.Limited, Cargill Danisco Ltd. and Roquette Pvt. Ltd., to name some.
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