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Xylitol Market By Application (Chewing Gums, Confectionary, Personal Care Products, Pharmaceuticals, Nutraceuticals) - Growth, Share, Opportunities, Competitive Analysis And Forecast To 2016 – 2023

Xylitol, used as a sweetener, is a sugar alcohol. It is found in various plant materials, such as vegetables and fruits. At present, xylitol is commercially extracted from corn cobs and birch wood, and many processes are still in the development stage to extract xylitol from other sources. Xylitol is widely used as a sugar substitute owing to its low-calorie content.

The market for xylitol is mainly driven by weight- and health-conscious consumers. The demand for xylitol is projected to be highest in low-calorie and sugar-free food products. The FDA's approval of xylitol-based products for medical claims is projected to augment market growth. Imbalances in the supply of raw materials are the major factor hampering the market growth. However, expanding the application scope of xylitol in the pharmaceutical and nutraceutical segments will create immense market opportunities for the players.

By application type, the market is segmented into chewing gums, confectionery, personal care products, pharmaceuticals, nutraceuticals, and others. The chewing gum segment accounted for the largest share of market demand in 2015 and is projected to maintain its dominance during the forecast period. Xylitol is mainly used in sugar-free chewing gum as it offers flavor, cooling, and sweetness effects. It also finds its application to coat sugar-free gum pellets due to its crystallization and fast drying properties. The confectionery segment accounted for the second-largest share of the market in 2015. Xylitol is used as an alternative to sugar, specifically in the bakery sector. Moreover, rising demand for sugar-free products such as candies, energy bars, and chocolates is projected to boost market demand.

In 2015, Europe accounted for more than 30% of the market in terms of volume and revenue. The region is projected to maintain its dominance during the forecast period. The European market is witnessing growth on the back of rising sugar prices and rising health concerns. Asia Pacific is the fastest-growing market due to the rising demand for low-calorie sweeteners. The North American market is projected to witness a moderate growth rate during the forecast period of 2016 to 2023.

The report titled "Global Xylitol Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023" offers strategic insights into the global xylitol market along with the market size and estimates for the duration of 2013–2023. The said research study covers an in-depth analysis of multiple market segments based on applications and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help the strategic decision-makers, the report also includes profiles of the leading xylitol manufacturers, along with their product portfolios and key developments. The major players profiled in the report are DuPont, Cargill, Ingredion, CSPC Shengxue Glucose, and Roquette Freres, among others. Further, the report also covers the market positioning of the key players operating in the xylitol market.

Other in-depth analysis provided in the report includes:

Current and future market trends to justify the forthcoming attractive markets within the xylitol industryMarket fuelers, market impediments, and their impact on market growthin-depth competitive environment analysisTrailing 2-year market size data (2013–2014)SRC (Segment, Region, Country) AnalysisOverall, the research study provides a holistic view of the global xylitol market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.

The global xylitol market can be categorized on the basis of applications as follows:

  • Chewing Gums
  • Confectionary
  • Personal care products
  • Pharmaceuticals
  • Nutraceuticals
  • Others

Owing to its versatile properties, such as crystallization, low caloric content, and rapid drying, xylitol is mostly used in chewing gums. Xylitol is also used in the manufacturing of products such as hard candies, chocolates, and energy bars targeting diabetic consumers. In 2015, the chewing gum industry accounted for the largest share of the market. The segment accounted for 64.7% of the total demand. In the same year, confectionery applications accounted for the second-largest share of the total demand. These two segments are projected to maintain their dominance during the forecast period of 2016 to 2023.

Xylitol can be used as a sweetener, vitamin, or excipient in tonic syrups due to its non-fermenting property. Furthermore, the U.S. FDA's approval of xylitol-based products for medical claims will also augment market growth. Therefore, in the future, growth is projected to be highest in the pharmaceutical and nutraceutical application segments.

On the basis of geography, the global xylitol market is segmented into the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • CIS
  • EU7
  • Rest of Europe
  • Asia Pacific
  • India
  • China
  • Rest of Asia Pacific
  • Latin America (LATAM)
  • Brazil
  • Rest of Latin America
  • Middle East and Africa

Growth in the food industry in key regions of North America and Europe is projected to drive the xylitol demand. In 2015, North America and Europe together accounted for more than 60% of the market in terms of volume and revenue. In 2015, Europe accounted for the largest share of the overall market in terms of demand. Rising prices of sugar have led to the high adoption of xylitol as a substitute in this region. The market is projected to grow at a CAGR of 7.0% in terms of revenue for the forecast period of 2016 to 2023. Germany, the UK, and France are the major contributors to market growth.

The North American market is projected to witness a moderate growth rate during the forecast period. In North America, the U.S. is the largest market for xylitol due to the growth of the pharmaceutical industry in the region. The Asia-Pacific region is projected to be the fastest-growing market. Rising demand for low-calorie sweeteners coupled with growing health concerns in countries such as China and India are contributing to market growth.

Frequently Asked Question:

The market for Xylitol Market is expected to reach USD$ 683.46 Mn in 2023.

The Xylitol Market is expected to see significant CAGR growth over the coming years, at 6.9%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Cargill,DuPont,Ingredion,CSPC Shengxue Glucose, TATA Chemicals .are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2016
Category:  Food & Beverage
Report ID:   58121
Report Format:   PDF
Pages:   120
Rating:    4.3 (50)
Delivery Time: 24 Hours to 48 Hours   
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