The Xylitol Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Xylitol Global Market Report 2024, The xylitol market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growing awareness of health and wellness, rising incidence of diabetes, weight management concerns, dental health awareness, consumer demand for natural sweeteners.
The xylitol market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to continued focus on sugar reduction, expanding functional food and beverage market, rise in keto and low-carb diets, increasing availability in multiple forms, application in pharmaceuticals and nutraceuticals. Major trends in the forecast period include innovation in xylitol-based products, emergence in personal care products, focus on sustainable and naturally sourced xylitol, application in pet care products, increasing market penetration in Asia-Pacific.
The rising demand for sugar-free confectionery is expected to drive the growth of the xylitol market in the coming years. There is an increasing awareness and knowledge about the harmful effects of sugar consumption. As a result, people are seeking out sugar-free options as part of an effort to eat healthily. The increasing focus to avoid sugar in a regular diet and eat healthily has led to the adoption of natural alternative sweeteners such as xylitol and stevia. For instance, in 2021, according to Forbes, an American business journal, Lily’s Sweets, a US-based sugar-free chocolate company has registered a 55% revenue rise year-over-year. Therefore, the rising demand for sugar-free confectionery propels the growth of the xylitol market.
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The xylitol market covered in this report is segmented –
1) By Type: Wood Fibrous Sweetener, Birch Xylitol, Corn Xylitol, Other Types
2) By Form: Solid, Liquid
3) By Application: Food And Beverages, Oral Hygiene Products, Cosmetics And Toiletries, Pharmaceuticals, Other Applications
Major companies operating in the xylitol market are adopting a strategic partnership approach to deliver green hydrogen for the production of xylitol. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in November 2023, P2X Solutions, a Finland-based hydrogen technology company, partnered with Danisco Sweeteners Ltd., a UK-based food industry company. With this partnership, these companies aim to cooperate on the delivery of green hydrogen for the production of xylitol at Danisco Sweeteners’ Kotka factory. The xylitol produced at Danisco’s Kotka factory, under the brand name XIVIA, will become even more sustainable due to the use of green hydrogen supplied by P2X Solutions.
The xylitol market report table of contents includes:
1. Executive Summary
2. Xylitol Market Characteristics
3. Xylitol Market Trends And Strategies
4. Xylitol Market – Macro Economic Scenario
5. Global Xylitol Market Size and Growth
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26. South America Xylitol Market
27. Brazil Xylitol Market
28. Middle East Xylitol Market
29. Africa Xylitol Market
30. Xylitol Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Inc
- Archer Daniels Midland Company
- Merck KGaA
- Dupont Nutrition & Health
- Ingredion Incorporated
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