According to a new market report published by Credence Research Inc., “Xylitol Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide xylitol market was valued at US$ 683.46 Mn in 2015. It is projected to grow at a CAGR of 6.9% from 2016 to 2023. In terms of volume, the global market stood at 159.52-kilo tons in 2015.
Xylitol is used in food products to enhance the taste, color and shelf life. Moreover, it does not reduce the nutritional value of the content present in food products. It can either be used exclusively or with other low-calorie sugar substitutes to manufacture sugar-free products. Xylitol usage in food products is projected to witness an upturn in demand.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/xylitol-market
The global market for xylitol is driven by rising health concerns coupled with lifestyle diseases such as cardiovascular diseases, obesity, and high cholesterol are also increasing consumer awareness regarding calorie intake. Furthermore, increasing applications scope of xylitol in pharmaceuticals, and nutraceuticals segments is projected to drive market growth over the forecast period. Widespread, incidents of diabetes are also contributing to the overall market growth.
At present, the major concern in the xylitol market is the overcapacity installed globally. Over the last few years, several Chinese players have aggressively increased capacity. This concern remains a major restraint for new entrants into the xylitol market.
The market is highly competitive. To maintain their market presence players need to adopt different strategies. DuPont Danisco is one of the most prominent manufacturers of xylitol globally, with three plants located in Finland, U.S. and China. In addition to DuPont Danisco, other leading players present in the xylitol market include Roquette Freres, Shandong Futaste, Cargill, Ingredion, and few Chinese players among others.
- Increasing applications scope of xylitol in pharmaceuticals and nutraceuticals
- Players to maintain their market position needs to adopt different strategies
- Widespread, incidents of diabetes are also contributing towards the overall market growth
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58121
Report Scope by Segments
By Application Type
- Chewing Gums
- Personal Care Products
By Geography Segment
• North America (the U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa, Latin America)