The global polyglycerol market size is set to gain momentum from the consistent rise in the health consciousness of people. This information is given by Fortune Business Insights™ in an upcoming report titled, “PolyglycitolMarket, 2022-2029.” Additionally, people shifting from sugar foods to polyglycerol foods and soft drinks turned out to be a major market growth driver.
COVID-19 Impact- Stagnated Market Growth Consequent Break in Supply Chain
After the announcement of the sudden lockdown during the pandemic, most of the industries, including the chemicals & materials industry, had a negative impact. The spontaneous announcement of lockdown caused a lack in supply of food and soft drinks which resulted in deprivation of market. A severe negative impact was noted on the growth of industries.
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By form, the market of polyglycitol is segmented into syrup and powder.
Depending on the application, the market is split into sweetener, bulking agent, humectant, stabilizer, texturizer, thickener, and others.
From a geographical standpoint, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report represents detailed information about the new production technologies adopted by the key players. Key trends developing in the market of polyglycitol and the launch of new products have been elaborated in the report to give a clear competition idea to the companies. Key players’ new techniques and their expansion in the market are displayed. Moreover, a list of major ruling players is also included to give a better competitive landscape for the competitive markets.
Drivers & Restraints-
Demand of Sugar-Free Food and Soft Drinks to Fuel Market Growth
High consumption of sugar increases the calorific value of the body, which results in health issues like diabetes and obesity over time. People’s consciousness towards health is accelerating, which leads straightway to polyglycitol market growth. The constant rise in usage of polyglycerol in cold drinks and the fast-food industry is to back the growth of the market.
Whereas higher consumption of polyglycerol causes side effects on the body resulting in diarrhea, and other gastrointestinal issues like flatulence, bloating, and other abdominal discomforts. These factors may hinder the market growth of polyglycitol.
Rising Concern for Health is Expected to Make North America a Leading Region
The market is segmented into various regions like North America, Europe, and many more regions. At the same time, North America is expected to be driving the major part of the market by leading on top. Use of polyglycerol as a sugar substitute in food and soft drinks to surge North America lead regional market.
Rise due to boost in people’s consciousness towards health is expected to make the Asia Pacific hold the second position in the global polyglycerol market share. Rising demand for soft drinks and fast foods to push Latin America and the Middle East to expand.
Key Players Focused on Satisfying Consumers Sugar-Free Products Need
The market includes global and regional players operating in the market to gain a competitive edge. Key players have focused on developing the product in order to boost market growth at an extreme pace. The market is expected to enhance the growth rate due to the constant rise in demand for polyglycitol. The competitors are nevertheless trying to improve more in their product to boost up the market growth rate.
April 2020: A new sweetener was introduced by Ingredion to satisfy the needs of customers who are conscious of health.
July 2020: A naturally-derived sweetener CTruSweet 01795 was introduced by Cargill’s recent sweetener upgrade, which allows 30% sugar and reduction in calories while retaining the same flavor.
List of Key Players Present in the Market:
ECSA Chemicals (Switzerland)
Pacific Coast Chemical (U.S.)
Triveni Chemicals (India)
Corn Products International Inc. (U.S.)
Cargill Danisco Ltd. (U.S.)
Roquette Pvt. Ltd. (India)
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