Xylitol Global Market to Cross $1 billion mark while Consumption Reaches 242k MTs by 2020
Industry Experts has today unveiled the new market research report on Xylitol, a polyol/sugar alcohol sweetener. As per the new global report ‘ Xylitol – A Global Market Overview ’, it is expected that chewing remains the leading consumer of xylitol with 68% or 180 thousand metric tons in 2015 while Other Foods category that includes specialty foods targeted at diabetic people, bread and biscuits will grow faster during 2014-2020 with a CAGR of 7.6%. Driven by increasingly health and weight conscious consumers, xylitol demand is expected to grow in sugar-free and low-calorie food products. Global market for xylitol is estimated at 161.5 thousand metric tons, valued at US$670 million in 2013 and expected to reach 242 thousand metric tons valued at just above US$1 billion by 2020, by growing at robust CAGRs of over 6% in terms of both volume and value. Chewing gum industry is projected to consume about 163 thousand metric tons by 2020 to remain the largest consumer of xylitol with 67%