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

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LONDON–()–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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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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