The global Meso-Erythritol Market is estimated to be valued at US$ 348 Mn or 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.
Market Overview:
Meso-erythritol is a non-caloric sugar alcohol used as a sweetener and food additive. It is naturally occurring in some fruits and fermented foods. Meso-erythritol has no glycemic impact and 60-80% of its caloric value, making it suitable for diabetics and people watching their weight.
Market Key Trends:
The growing demand for low calorie sweeteners from the food and beverage industry is a major factor driving the growth of meso-erythritol market. Increasing health consciousness among consumers has increased demand for sugar free and low calorie products. Recent clinical studies showing meso-erythritol can aid dental health further boost its application in confectionary products. Regulatory approval of meso-erythritol use in various foods in many countries provides opportunity for market expansion. However, availability of substitute sweeteners at lower prices remains a challenge for market growth.
SWOT Analysis:
- Strength: Meso-erythritol has almost zero calories and very low glycemic index. It can replace sugar in many food applications without compromising the taste.
- Weakness: High production cost compared to other sugar alternatives can be a challenge.
- Opportunity: Growing global demand for low-calorie and natural sweeteners provide major market opportunities. Increasing prevalence of diabetes and obesity further boost the demand.
- Threats: Stringent regulatory norms associated with sweeteners and substitution of meso-erythritol with other emerging low-calorie sweeteners are key threats.
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 awareness and preference for low-calorie sugar substitutes.
The Asia Pacific region dominates the global meso-erythritol market and is expected to continue its dominance in the coming years. Being the largest producer and consumer of meso-erythritol, China has a majority share in the Asia Pacific market. Other major countries include Japan, India, and Indonesia.
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. Sweeteners Plus LLC, Cargill Inc, and Mitsubishi Chemical Corporation hold prominent market shares.
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