Xylitol Market Growth Boosted by Growing Concern Regarding Healthy Lifestyle | Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The global
xylitol market is expected to grow at a CAGR of close to 7% from
2017-2021, according to a new market research report by Technavio.

Global xylitol market segmentation by product type and end-user

Technavio’s report on the global xylitol market analyses the business
dimensions and presents a comprehensive breakdown in terms of market
segmentation by application, including chewing gum, confectionery, and
pharmaceuticals and personal care. As projected in 2016, around 67% of
the market share originated from chewing gum.

Based on geography, the global
xylitol market has been segmented into APAC, North America, Europe,
and ROW. As of 2016, around 41% of the market share came from APAC.

“China and India are the leading consumers of xylitol in the APAC
region because of the trend of healthy eating habits. China has the
largest number of xylitol manufacturing plants in the world, where
corncobs are the primary source used in the production of xylitol as
corncobs are more cost-effective than wood. China is expected to lead
the xylitol market during the forecast period. The market in APAC is
expected to witness rapid growth owing to the demand for bagasse
xylitol, which will increase over the forecast period compared to that
of corncob xylitol and wood xylitol, as bagasse xylitol is
cost-effective,” says Hitesh Bhatia, a lead analyst at Technavio for specialty
chemicals research.

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Global xylitol market: competitive vendor landscape

The global xylitol market is dominated by global vendors such as
Cargill, DuPont (Danisco), INGREDION, Novagreen, and Mitsubishi Shoji
Foodtech. These vendors have generated a good revenue and have been in
the market for a long period of time. The other prominent vendors in the
market include ROQUETTE, Thomson Biotech(Xiamen), and ZuChem.

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Other topics covered in the report:

Market drivers:

• Increase in the number of people with diabetes
• Increasing concern for a healthy lifestyle

Market challenges:

• Intense threat of substitutes
• Adverse effects of xylitol on pets

Market trends:

• Growing rate of obesity and increased BMI
• Awareness of consumers regarding the effect of anticaries

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xylitol market report free of cost

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