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Erythritol Market Size
- Report ID: GMI4591
- Published Date: Aug 2024
- Report Format: PDF
Erythritol Market Size
Erythritol Market size was valued at USD 259.1 million in 2023 and is anticipated to grow at 5.4% CAGR from 2024 to 2032. The market encompasses the global industry dedicated to producing, distributing, and consuming erythritol, a low-calorie sugar alcohol widely used as a natural sweetener in various food and beverage products. This market's expansion is primarily driven by the rising consumer demand for healthier, low-calorie sweeteners, increased awareness of health issues linked to excessive sugar consumption, and the growing trend toward sugar-free and reduced-calorie products.
Erythritol's benefits, including its role in managing diabetes and obesity, further fuel its market growth. Its applications span across numerous sectors, including bakery, confectionery, and beverages, contributing to its increasing adoption in the food and beverage industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Erythritol Market Size in 2023: | USD 259.1 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 420.8 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | By Form, By Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The surge in global obesity rates, with approximately 42.4% of adults in the United States affected, alongside heightened awareness of healthier sugar alternatives, is boosting the demand for erythritol. Produced through the enzymatic hydrolysis of starch, erythritol is available in diverse powder and granular forms, making it versatile for use in food and beverage, pharmaceuticals, and confectionery industries. Its low-calorie, easily digestible properties align with the growing consumer preference for healthier products, driving manufacturers to incorporate erythritol into their offerings. For insights into key market trends, a free sample download is available.
The erythritol market faces significant challenges due to the easy availability of substitute products and high costs. Erythritol, while beneficial as a low-calorie sweetener, competes with a range of alternative sweeteners such as stevia, xylitol, and artificial sweeteners, which can be more cost-effective and widely available. Additionally, the production of erythritol involves relatively high costs, which can impact its pricing and limit its adoption compared to more affordable sweeteners. These factors present obstacles for the market, affecting its growth and market penetration.
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Erythritol Market Scope
