Xylitol Market size worth over $1 billion by 2026
Published Date: April 20, 2020 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights, Inc, the xylitol market size is set to surpass USD 1 Billion by 2026. Rapid demand for xylitol in health supplements owing to increasing consumer consciousness may enhance the global market growth.
Xylitol is considered as to be healthier than sugar and widely used in sugar free chewing gums. Growing consumer consciousness towards low calorie sugar substitutes products may drive the xylitol market growth. Chewing gum producers are focusing to offer sugar free products in their portfolio which may boost the market size.
The product is widely used in cosmetic products in order to enhance skin cells with its natural ingredients. Increasing demand for face skin care products for anti-aging, sun protection and skin whitening may boost industry growth. Increasing consumers preference towards organic skin care products which hydrate, moisturize and offer a blemish less appearance to the skin will boost the xylitol market share.
Furthermore, these organic skin care products offer medicinal benefits as they contain biologically active compounds. Manufacturers are now expanding their business with premium brands by offering natural products in the market, thereby stimulating the xylitol market.
Increasing demand for sugar free and functional chewing gum will foster the overall market size
Chewing gum application is expected to witness growth at over 4.0% by 2026. Consumers now prefer chewing gum in order to keep teeth clean and for teeth whitening. Teeth whitening chewing gum are mostly used than these functional gums where low sugar products are highly preferred to curb tooth decay. Manufacturers are implementing various promotion strategies to gain attention of young generation and emphases on launches of new flavors, sizes shapes of chewing gums with attractive packaging.
Functional chewing gums like nicotine gums are used by consumers to quit smoking. Oral health products use these as their ingredient as they reduce salivary mutant and keep mouth fresh and plaque free. Furthermore, these products are in low glycemic index and do not spike blood sugar or insulin which maintain sugar levels in the body, thereby driving the xylitol market trends.
“As per industry forecasts, xylitol market share for chewing gum application will account over 60% at the end of 2026 owing to robust demand for producing oral heath chewing gums”
Browse key industry insights spread across 180 pages with 99 market data tables and 21 figures & charts from the report, “Xylitol Market By Application (Chewing Gum, Confectionary, Food, Personal Care, Pharmaceuticals, Nutraceuticals), Downstream Application Potential (Xylaric Acid, Ethylene Glycol, Propylene Glycol), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Growing demand for xylitol to produce glycol will spur industry growth
Ethylene glycol segment was valued at over USD 30 billion in 2019. It is used a building block for several chemical such as xylaric acid, ethylene glycol, hydroxyl furan and glycerol. These chemicals are used as feedstock for various applications such as PET, polyester fibers, films and for heat transferring agents. Rising demand for P&E series glycol ethers such as propylene and ethylene should boost the xylitol market value. They are widely used in manufacturing printing inks, coatings, paints and chemical intermediaries.
Growing demand for glycol in liquid detergent application especially from young generation as they prefer these advanced detergents over traditional bars and powder may drive the propylene glycol business. These liquid detergents are more anti-bacterial and hygienic in nature as bar detergents may contain more germs. Therefore, the solvency property of propylene glycol makes it desirable component for liquid detergent manufacturing, boosting the xylitol market.
Growing penetration of xylitol in food products will foster product demand in Europe
Food application may surpass foreseeable gains at 4.5% by 2026. Increasing demand for bakery products in the region with low sugar products may drive regional xylitol market growth. Growing demand for baked goods in the region such as bread, cakes, pastries and muffins require sugar substitutes for consumers suffering from diabetes.
Increasing popularity of low-calorie bakery products owing to growing consumer awareness about obesity may boost xylitol market demand. Consumers prefer healthy diet and therefore desire food with high quality with balanced nutritional composition and less calories. Growing demand for popular bakery products with low calorie sweetener may boost xylitol market demand.
Key industry players in xylitol industry are Yucheng Lujian, Hangzhou Shouxing, Roquette Freres, ZuChem, DFI Corporation and Futaste Pharmaceutical. According to market trends, several market producers are also involved in various strategies and programs including industrial developments and mergers & acquisition in order to gain substantial market share.
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