SELBYVILLE, Delaware, April 23, 2020 /PRNewswire/ -- According to Global Market Insights Inc., the overall xylitol market was valued at $880 million in 2019 and is projected to surpass $1 billion by 2026, registering a CAGR of 2.8% from 2020 to 2026. The report provides a thorough analysis of the competitive scenario, top winning strategies, industry size & estimations, wavering market trends, major investment pockets, and drivers & opportunities.
The material that is xylitol acts as a significant additive product due to its low-calorie property. Several manufacturers are actively engaged in supplying these products to a number of industries including confectionary, food, nutraceutical, and pharmaceutical so as to provide products that are low in calories to their consumers and further boost the xylitol market share. Additionally, new production techniques are being used by manufacturers in order to produce the product, which offers numerous benefits along with achieving maximum output.
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Moreover, the market demand for xylitol in pharmaceutical products like the ones used to promote the oral health of gums will boost the industry growth. The demand for oral care products like gels, toothpaste, and mouthwash in order to stop tooth decay may further encourage the industry growth. The xylitol market in chewing gum application held a highest share and is expected to observe substantial gains owing to the growing demand for sugar free gum across the world.
Key reasons for xylitol market growth
- High product demand in personal care products.
- Increasing usage of xylitol in pharmaceutical products.
- Growing product demand in the Asia Pacific region.
2026 forecasts anticipate the use of confectionary industry as a sugar substitute
The confectionary sector majorly uses xylitol as tooth friendly sugar replacement having a profoundly unique taste and mouth feel. It is further coupled with sugar free candy component creating sophisticated products which appeal to the adult customer with higher costs. The sugar free candies further have a positive dental health benefits along with preventing tooth cavities in consumers.
Moreover, because of its less glycemic index it is mainly used in confectionary products since they do not cause high sugar levels in consumers and help them maintain the sugar levels.
Asia-Pacific to provide significant growth stimulus in terms of revenue
The APAC xylitol market held the highest industry share due to the increasing prevalence of oral diseases in the region. The increasing consumption of caramelized products, sugar products, alcohol as well as smoking trends will increase the market share further. Owing to the superior properties of xylitol like reduction of plaque and strengthening of gums, it is majorly used in mouthwashes and toothpaste, thereby driving the regional market growth. Rising consumer awareness pertaining to organic and oral health products to maintain total health is likely to encourage the product growth.
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Leading market players
The key market players analyzed in the xylitol industry report include NovaGreen, Danisco, Ingredion, and Cargill among others. They have incorporated a number of strategies and programs including industrial developments and mergers & acquisition in order to gain substantial market share.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
SOURCE Global Market Insights, Inc.