Xylitol is a sugar alcohol that is used as a substitute for sucrose or table sugar. These sugar alcohols are derived from fruits and vegetables. Xylitol is extracted from natural sources and processed, converted into shelf-stable white powder for dental and food applications. It is widely used in chewing gums, oral care products, and as a sugar substitute to people with diabetes or blood-related diseases.
Changing lifestyle and increasing disposable income of the people in the region is expected to drive the xylitol market.
However, increasing popularity of sorbitol that is used as a sweetener in sugarless gums because it is less expensive then xylitol is expected to hamper the growth of the xylitol market over the forecast period.
Application segment includes chewing gum, confectionery, pharmaceuticals, bakery, and others. Confectionery is expected to account the major share of the market revenue. Increasing demand for candies and mints is expected to propel the market growth over the forecast period. Since xylitol is used in small quantities, the bakery application segment occupies low market share compared to other segments.
Based on the region the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be the second largest region in terms of revenue after the Asia Pacific. Increasing demand for healthy food and beverages in US and Canada is expected to fuel the market growth in the region. Presence of a large number of manufacturers in the region is expected to have a positive impact on the market growth.
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Changing lifestyle and increasing disposable income of the people in the region is expected to drive the xylitol market. The growth of end-use industries namely food & beverage, pharmaceutical, and personal care in the region is expected to drive the market growth.
Key players operating in the global xylitol market includes Cargill Incorporated, Mitsubishi Shoji Foodtech Co. Ltd, E. I. du Pont de Nemours and Company, Shandong Futaste Co., Ltd., Thomson Biotech(Xiamen) Co., Ltd., NovaGreen, Inc., Foodchem International Corporation, Jining Hengda Green Engineering Co., Ltd., DFI Corporation, and Roquette Freres S.A.