Pharmaceutical Grade Meso-Erythritol as a Natural Sweetener Driving Massive Growth in the Meso-Erythritol Market
The global Meso-Erythritol Market is estimated to be valued at US$ 348 Mn in 2023 and is expected to exhibit a CAGR of 2.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Meso-erythritol is a natural four-carbon sugar alcohol that occurs widely in various fruits and vegetables. It has a clean sweet taste, almost like sugar but with zero calories. Meso-erythritol provides bulk and texture to formulations and gives mouthfeel similar to sucrose. Meso-Erythritol also helps reduce dental cavities and is suitable for diabetics. It is widely used as a natural sweetener in food and beverage industry including confectionery, bakery, soft drinks etc.
Market Key Trends:
Pharmaceutical applications of meso-erythritol are growing rapidly. It is extensively used in various oral care products and medicines and is prescribed as a sugar-free alternative for pediatric drugs. Many clinical trials have proven its safety and efficacy. Rising health consciousness among consumers and increasing prevalence of lifestyle diseases like diabetes is driving demand for low-calorie sweeteners like meso-erythritol. Stringent regulations on sugars and artificial sweeteners in food items is also propelling the usage of natural and wholesome sweeteners. The clean label trend in functional foods further supports the market growth of meso-erythritol over the forecast period.
Segment Analysis:
The global meso-erythritol market is dominated by the food & beverage sub-segment. Meso-erythritol finds wide application as a sugar substitute in foods & beverages. It has zero calorie content and 60-70% sweetness of sugar. Growing health consciousness among consumers is driving demand for low-calorie sweeteners like meso-erythritol. The food & beverage sub-segment accounts for over 65% share of the global meso-erythritol market due to increasing adoption in bakery & confectionery items, beverages, and other applications.
Key Takeaways:
The global meso-erythritol market is expected to witness high growth, exhibiting CAGR of 2.2% over the forecast period, due to increasing health consciousness among consumers.
Regional Analysis:
Asia Pacific dominates the global meso-erythritol market and is expected to grow at the fastest rate during the forecast period. Countries like China, Japan, and India offer immense growth potential owing to rising health awareness and fast adoption of low-calorie sweeteners.
Key players:
Key players operating in the meso-erythritol market are Sweeteners Plus, LLC, Merck KGaA, Cargill, Incorporated, B Food Science Co., Ltd., Zhongshun Sci. &Tech., Futaste Co. Ltd., Mitsubishi Chemical Corporation, Shandong Sanyuan Biotechnology Co., Ltd., Baolingbao Biology Co.,Ltd, and Tate & Lyle.
The global meso-erythritol market size for 2023 is US$ 348 Mn. The market is expected to reach a value of over US$ 400 Mn by 2030, expanding at a CAGR of 2.2% during the forecast period.
Comments
Post a Comment