Global Xylitol Market 2016-2020
|発行||TechNavio (Infiniti Research Ltd.)||商品コード||346255|
|出版日||ページ情報||英文 49 Pages
Technavios research analyst predicts the global xylitol market to grow at a CAGR of around 7% during the forecast period. The global xylitol market is anticipated to grow at a moderate pace owing to the demand for safe, healthy, and economic sugar substitutes. Increasing health concerns regarding lifestyle diseases such as high cholesterol, cardiovascular issues, and obesity has raised consumer awareness regarding calorie intake that in turn has propelled the demand for xylitol in the market.
Despite being driven by the growing number of people with diabetes who choose natural sweeteners to maintain blood sugar levels, the market growth is anticipated to witness challenges due to the threat from substitute products. For instance, Sorbitol is 60% as sweet as table sugar and is less expensive compared to xylitol. Sorbitol is around 60% as sweet as table sugar and is less expensive compared to xylitol. It is the most commonly used sweetener in sugar-free chewing gums and is also used in over-the-counter medicines.
The chewing gum segment accounted for nearly 675 of the market share during 2015. An increased consumption of sugar-free chewing gums worldwide is driving the growth of this segment. For instance, brands such as Gross and Wrigley only use xylitol for the manufacture of sugar-free chewing gums. Chewing sugar-free gums for 20 minutes increases the plaque pH level, reducing the risk of tooth decay.
Europe accounted for the largest market share during 2015. The increase in the price of sugar has led to the high adoption of xylitol as a substitute in this region. Xylitol products are used in dental care products due to their non-cariogenic nature and aid in repairing minor teeth cavities. They are also used in chewing gums, ice creams, chocolates, and beverages.
Intense competition, rapid technological advancements, and frequent changes in consumer preferences constitute significant risk factors for vendors in this market. The market is witnessing consolidation with increased competition. Also, the influx of private labels in the market is on the rise. Therefore, to survive and succeed in this intensely competitive environment, it is imperative for vendors in the market to distinguish their product and service offerings through a clear and unique value proposition. The development of innovative products by vendors is expected to help the market growth between 2016 and 2020.
The leading vendors in the market are -
Other prominent vendors in the market include ZuChem, Hangzhou Shouxin Biological Technology, Novagreen, Tata Chemicals, Roquette Frres, and Thomson Biotech.