Global Maltitol Market Size, Share, and COVID-19 Impact Analysis, By Form (Powder, Liquid, and Crystalline), By Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Chemicals & Materials

RELEASE DATE Jul 2024
REPORT ID SI4985
PAGES 201
REPORT FORMAT PathSoft

Global Maltitol Market Insights Forecasts to 2033

  • The Global Maltitol Market Size was Valued at USD 220.8 Million in 2023
  • The Market Size is Growing at a CAGR of 6.09% from 2023 to 2033
  • The Worldwide Maltitol Market Size is Expected to Reach USD 398.9 Million by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

 

Global Maltitol Market

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The Global Maltitol Market Size is Anticipated to Exceed USD 398.9 Million by 2033, Growing at a CAGR of 6.09% from 2023 to 2033.

 

Market Overview

Maltitol is essentially a calorie-free sugar alternative that tastes sweet like table sugar. Consequently, table sugar is substituted with maltitol. 4-O-glucopyranosyl-D-sorbitol is the chemical name for maltitol. Maltitol can provide 70–90% sweetness and shares many of the same qualities as sucrose. Several end markets, including food and drink, medicines, cosmetics, and oral care items, require a lot of maltitol. Maltitol is a sugar alcohol derived from maltose, and the global industry that manufactures, markets, and consumes it is known as the maltitol market. Because of its low glycemic index and low calories, maltitol is a popular sugar substitute in a range of food and beverage applications. The supply chain infrastructure, raw material cultivation, and manufacturing techniques that enable maltitol to be accessed by a range of end markets are all included in the market. As liquid maltitol is very miscible, it is quite popular in the beverage business. It dissolves readily in water and other liquids, giving drinks a uniformly sweet taste and smooth texture. Syrup maltitol appeals to customers who desire healthier choices without compromising taste; it is used in sugar-free sodas, sports drinks, and flavored water. Furthermore, the maltitol market's liquid segment is expanding significantly because of how widely it is used in the food and beverage sector, especially in low-calorie and sugar-free products. Because of its superior solubility and sweetness, which is comparable to sugar, manufacturers of syrups, drinks, and confections prefer to use it.

 

Report Coverage

This research report categorizes the market for the global maltitol market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global maltitol market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global maltitol market.

 

Global Maltitol Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 220.8 Million
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :6.09%
2033 Value Projection:USD 398.9 Million
Historical Data for:2019-2022
No. of Pages:201
Tables, Charts & Figures:110
Segments covered:By Form, By Application, By Region
Companies covered::Tate & Lyle PLC, Archer Daniels Midland Company, Cargill, Incorporated, ShanDong Maltitol, Shandong Lvjian Bio (CN), Hylen, E.I. du Pont de Nemours and Company, Futaste Co., Ltd., Ingredion Incorporated, Roquette Freres, Zhejiang Huakang Pharmaceutical Co., Ltd., TCI America, Mitsubishi Corporation Life Sciences Limited, Sigma Aldrich Pte. Ltd, and Others
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

A major reason propelling maltitol's market expansion is its appeal as a sugar alternative that is low in calories and suitable for diabetics. Customers are choosing healthier alternative sweeteners more frequently as health consciousness grows. This change helps maltitol, which is often utilized in sugar-free sweets and desserts. Demand for goods containing maltitol is increasing due to consumers' increased preference for better diets, which establishes maltitol as a favored component in food markets focused on health. Statistics demonstrating a consistent rise in the purchase of low-calorie sweeteners, which reflects larger consumer tendencies towards healthy eating habits, confirm this tendency. The growing demand for sugar-free and low-calorie products brought on by increased health consciousness and the prevalence of disorders like obesity and diabetes is driving the growth of the maltitol industry. Maltitol is a polyol that gives sweetness without causing blood sugar spikes, which makes it a popular component among manufacturers trying to make healthier alternatives. In the food and beverage industry, maltitol is frequently used to create sugar-free chocolates, baked products, beverages, and pharmaceutical formulations.

 

Restraining Factors

The Bloating, flatulence, and other gastrointestinal discomfort as well as laxative effects can result from consuming too much maltitol. Some customers, especially those with delicate digestive systems, could be discouraged from utilizing products containing maltitol due to these possible negative effects. It could lead customers to look for alternatives that have fewer negative effects, which might reduce the total demand for maltitol. The market for maltitol might find it difficult to retain its customer base if awareness of these negative effects increases, which would limit market growth. Customers who believe these substitutes are healthier or have fewer adverse effects than maltitol could choose them. The potential expansion of maltitol is restricted by the availability of these rival products.

 

Market Segmentation

The global maltitol market share is classified into form and application.

  • The powder segment is expected to hold the largest share of the global maltitol market during the forecast period.   

Based on the form, the global maltitol market is divided into powder, liquid, and crystalline. Among these, the powder segment is expected to hold the largest share of the global maltitol market during the forecast period. The market is dominated by maltitol in powder form, especially in the pharmaceutical industry. Because of its dry form, it is easy to include in a range of formulas, guaranteeing precise dosing and effective production procedures. Moreover, powdered maltitol is a flexible alternative for manufacturers since it is highly stable and blends well with other dry ingredients.

 

  • The food & beverages segment is expected to hold the largest share of the global maltitol market during the forecast period.   

Based on the application, the global maltitol market is divided into food & beverages, pharmaceuticals, personal care & cosmetics, and others. Among these, the food & beverages segment is expected to hold the largest share of the global maltitol market during the forecast period. Maltitol is widely used in the food and beverage sector as a sugar alternative to meet the increasing demand from consumers for low-sugar and sugar-free products. Manufacturers of confections use maltitol to make chocolates, chewing gum, and candies that are more in calories and less in carbohydrates for customers. As maltitol sweetens food, it might be used to make sweets with less sugar while maintaining texture and flavor, which is beneficial for bakery items like cakes, cookies, and pastries. Maltitol is an essential component in sugar-free beverages, including fruit juices, flavored water, and carbonated drinks. It provides sweetness without the high-calorie content of regular sugars.

 

Regional Segment Analysis of the Global Maltitol Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global maltitol market over the predicted timeframe.

 

Global Maltitol Market

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North America is anticipated to hold the largest share of the global maltitol market over the predicted timeframe. A large portion of the maltitol market is accounted for by North America. The benefits of sugar alternatives are generally well-known to consumers in this sector, which has created a sizable demand for maltitol. The existence of significant food and beverage conglomerates like Nestle, PepsiCo, and Kraft Foods drives the need for maltitol across a range of product categories. Government measures that encourage the use of natural and safe components and enforce strict laws against sugar consumption drive the industry. The region's cutting-edge pharmaceutical industry and food processing innovations are also major factors in the growth of the maltitol market.

 

Asia Pacific is expected to grow at the fastest pace in the global maltitol market during the forecast period. The demand for maltitol is driven by the region's fast urbanization and increased health consciousness, especially in emerging economies like China and India where the middle class is growing and choosing better food options. The Asia-Pacific region now holds a dominant position in the maltitol market and is expected to maintain this position throughout the forecast period due to rising health consciousness, increased consumption of low-sugar and sugar-free products, and growing public awareness of the need to consume sugar-free products.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global maltitol market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Tate & Lyle PLC
  • Archer Daniels Midland Company
  • Cargill
  • Incorporated
  • ShanDong Maltitol
  • Shandong Lvjian Bio (CN)
  • Hylen
  • E.I. du Pont de Nemours and Company
  • Futaste Co., Ltd.
  • Ingredion Incorporated
  • Roquette Freres
  • Zhejiang Huakang Pharmaceutical Co., Ltd.
  • TCI America
  • Mitsubishi Corporation Life Sciences Limited
  • Sigma Aldrich Pte. Ltd
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In July 2023, Tate & Lyle PLC stated that it is broadening its range of sweeteners to address customer concerns about the solubility of its food and beverage products.

 

  • In August 2022, citing growing consumer and client demand, privately held Colombian chocolate manufacturer Luker Chocolate created a new range of covertures utilizing erythritol and stevia. For niche markets, there is also an allulose version one that has been sweetened with maltitol.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global maltitol market based on the below-mentioned segments: 

 

Global Maltitol Market, By Form

  • Powder
  • Liquid
  • Crystalline

 

Global Maltitol Market, By Application

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Others

 

Global Maltitol Market, Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. Which are the key companies that are currently operating within the market?
    Tate & Lyle PLC, Archer Daniels Midland Company, Cargill, Incorporated, ShanDong Maltitol, Shandong Lvjian Bio (CN), Hylen, E.I. du Pont de Nemours and Company, Futaste Co., Ltd., Ingredion Incorporated, Roquette Freres, Zhejiang Huakang Pharmaceutical Co., Ltd., TCI America, Mitsubishi Corporation Life Sciences Limited, Sigma Aldrich Pte. Ltd, Others.
  • 2. What is the size of the global maltitol market?
    The global maltitol market is expected to grow from USD 220.8 million in 2023 to USD 398.9 million by 2033, at a CAGR of 6.09% during the forecast period 2023-2033.
  • 3. Which region is holding the largest share of the market?
    North America is anticipated to hold the largest share of the global maltitol market over the predicted timeframe.

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