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

Popular posts from this blog

Cellulose Gel Market Global Industry Analysis, Key Players and Forecasts 2030

Industrial Alcohol Market Overview: Emerging Opportunities and Market Expansion Strategies The Industrial Alcohol Market is estimated for 2023 - 2030 forecast period, as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial alcohol is primarily used as a solvent in manufacturing industries such as automotive, pharmaceutical, cosmetics and others. It finds major applications in cleaning products, sanitizers, and disinfectants. Market Dynamics: The industrial alcohol market is expected to witness significant growth over the forecast period, owing to rising demand from end-use industries like automotive, pharmaceuticals, cosmetics and more. Growing requirement for surface disinfectants and sanitizers due to increasing hygiene standards post-Covid is driving market growth. Additionally, escalating demand for methanol and ethanol in production of light olefins, solvents and fuel oxygenates is also fueling market expansion. The increasing use of bioethanol as automotive fuel on account of various environmental regulations is further augmenting the market growth. Industrial Alcohol Market Drivers: Rising Demand for Alcohol-based Disinfectants and Sanitizers During COVID-19 The outbreak of the COVID-19 pandemic has significantly increased the demand for alcohol-based disinfectants and sanitizers across the globe. Various government organizations and health bodies recommend using hand sanitizers containing at least 60% alcohol to help reduce the spread of novel coronavirus. As a result, the sales of alcohol-based sanitizers have surged exponentially since the start of 2020. The industrial alcohol market players have witnessed a substantial rise in orders from sanitizer formulators and manufacturers to fulfill this unprecedented demand. Moreover, with workplaces, public transportation, schools, and other commercial spaces adopting proper sanitization protocols, the demand for industrial alcohol in sanitizers is expected to remain higher than pre-pandemic levels even after the crisis is over. Increasing Adoption of Alcohol as Biofuel Rising environmental concerns and depleting crude oil reserves are encouraging governments worldwide to promote the usage of renewable biofuels. Ethanol, which is produced from biomass feedstock through fermentation and distillation processes, has emerged as one of the leading biofuels. Many countries offer incentives and tax credits to biofuel producers and blenders. For instance, the US mandates a certain percentage of biofuel to be blended with gasoline each year under the Renewable Fuel Standard program. This steadily growing demand for ethanol as a biofuel additive is positively impacting the industrial alcohol market. Leading beverage alcohol producers are expanding their distillation capacities to capitalize on this opportunity. Industrial Alcohol Market Restrain: Stringent Regulations on Alcohol Production and Trade All countries have formulated strict norms and policies governing the production, trade, distribution, and usage of alcohol to prevent illegal activities. Players in the industrial alcohol market need to obtain various licenses and permits from concerned authorities and regularly file compliance reports. Moreover, regulations on alcohol concentration limits in final products lead to wastage of high-proof or undenatured alcohol. Changes in policies also disrupt the supply chain. For example, during the initial phase of the COVID-19 outbreak, there were export restrictions on industrial alcohol and raw materials in several countries, restricting supplies. While regulations aim to curb alcohol misuse, overcompliance also adds to the operational costs for market participants. Industrial Alcohol Market Opportunity: Growing Demand for Denatured Ethanol in Pharmaceutical and Personal Care Products Denatured or undrinkable ethanol finds numerous applications as a solvent and extractant in medicines, cosmetics, detergents, and other consumer goods. It is used as an emollient, viscosity-controlling agent, and preservative in personal care formulations. In the pharmaceutical industry, ethanol acts as an antibacterial agent and solubilizer for active pharmaceutical ingredients. With rising health awareness and increasing spending on health and wellness products, the demand for various pharmaceutical and personal care products is surging globally. This rising demand offers opportunities for industrial ethanol producers to expand into new applications through product innovation and partnerships with end-user companies. Industrial Alcohol Market Trend: Focus on Renewable and Sustainable Alcohol Production Concerns around fossil fuel depletion and carbon emissions are driving the shift towards sustainable production methods. Industrial alcohol producers are investing in advanced fermentation technologies and using renewable biomass as raw materials like sugarcane molasses, corn, and wheat to produce cellulosic ethanol and bio-based chemicals. For example, some companies produce ethanol from agricultural and forestry waste through biochemical and thermochemical conversion processes. There is also a growing focus on reducing energy and water usage through process optimization. Technological advancements in the area of genetically modified yeast strains and complex sugar fermentation are further supporting green alcohol manufacturing. This emphasis on renewable resources and efficiency complements governments' push for a low-carbon economy.

Metal Anodizing Market: Growing Demand for Enhanced Surface Finishes