Persistence Market Research
Maltitol is used as a substitute for sugar extracted from the starch of corn and wheat. It is a kind of sweetener which has fewer calories in compare to the sweetness of sugar. Maltitol is generally used as a sugar-free ingredient or one of the alternatives to sugar which has wide application in food and beverage and pharmaceutical industry in powdered or syrup form. Its demand is increasing in food and beverage industry due to its good taste, a low glycemic index in compare to sugar and low calories. The majority of demand for maltitol accounts to North America and Western European countries where it is widely used in frozen food, dairy products, functional food, confectionery, juices, drinks, etc.
Global Maltitol Market: Market Drivers
Key drivers influencing the demand for maltitol in the global market is due to its functional properties such as natural quality, fewer calories, better moisture retention, lower sweetness than sucrose and many other functional properties. This is unique properties of maltitol is influencing the demand, especially among food and beverage manufacturers offering sugar-free or low sugar content food and beverage products. In addition, it also fulfills the demand of food and beverage manufacturers to provide texture and functional sweetener in their products in compare to other sweeteners. The application for maltitol is expected to increase among processed food, confectionery, dairy, and bakery and beverage manufacturers to fulfill the demand for consumers seeking for low sugar or sugar products. Increasing number of patients suffering from diabetes and obesity in developing countries is also expected to increase the demand for products containing maltitol in the near future. But there are some factors which may restrain the growth of maltitol over the forecast period, first it is costly than the other sweeteners, and another is that excessive consumption of maltitol may cause health issues such as laxative effect which may inhibit its future demand.
Global Maltitol Market: Market Segment
The market for maltitol is segmented by form and by application. By form, maltitol is segmented into powder form and by liquid/syrup form. The majority of demand for maltitol in the global market is in the form of liquid. Further, the market segment by application it is segmented into food, beverages, pharmaceutical and others (animal nutrition and chemical). On analyzing the demand of maltitol by application segment, a majority of its application is in the food industry. Further, food industry segment is sub-segmented into a functional food, bakery, confectionery, frozen food, and dairy. It has wide application in the form of food additives in food products such as ice cream, processed food, nutritional bars, baked food products, candy, biscuits, cake, etc. The increasing demand for maltitol in food and beverage industry is due to its key functional benefits such as it has high micro stability, high chemical stability, sugar-free, and non-crystalline property. Moreover, the demand for maltitol is also increasing in the pharmaceutical industry as it is generally used in syrups, capsules and as a diluent in many other pharmaceutical products.
Global Maltitol Market: Regional Segment
By the regional segment, the global market for maltitol is segmented in seven different regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East & Africa. As per the regional demand for maltitol in the global market, it is expected that North America and Western Europe accounts the majority of share regarding both volume and value market. Further, the demand for maltitol is also expected to increase in Asia Pacific region in the near future due to increasing demand for low sugar content processed food, bakery, and dairy products among health conscious consumers.
Global Maltitol Market: Key Players
Some of the key players operating in the global maltitol market are Cargill, Incorporated, GILLCO INGREDIENTS, Mitushi Biopharma, Dancheng CAIXIN Sugar Industry Co.LTD., Tereos Starch & Sweeteners s.a.s., Shaoxing Marina Biotechnology Co.,Ltd., Wilmar BioEthanol, Foodchem International Corporation, MC-Towa International Sweeteners CO., Ltd., and Mitsubishi Shoji Foodtech Co.,Ltd.
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