Chemicals Industry Today
New standards set for Erythritol Market, grow at a CAGR of 10.9%
Erythritol is a white crystalline powder with a clean sweet taste that is similar to sucrose. It is approximately 70% as sweet as sucrose and flows easily due to its non-hygroscopic character.The technical barrier of erythritol is high, resulting in few companies in the market. Cargill is the largest producer, accounting for almost 76.74% of output in 2016. Other relatively large companies are Jungbunzlauer, Zibo ZhongShi GeRui Biotech, Zhucheng Dongxiao Biotechnology and Shandong Sanyuan Biotechnology. As for main production countries, it is estimated that USA accounted for more than 76.74% of global erythritol output in 2016, while China ranked second position with about 16.37% share.
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The worldwide market for Erythritol is expected to grow at a CAGR of roughly 10.9% over the next five years, will reach 150 million US$ in 2023, from 81 million US$ in 2017.
Erythritol has a wide range of applications in food, beverage, heath care products, and other industries. With the growing demands to reduce overall sugar consumption, the food industry is seeking ways to respond to consumer demand for foods that help meet their dietary and weight loss goals. This means developing foods that are sugar-free, lower calorie and low in glycemic carbohydrates while also trying to achieve the desired texture, flavor and stability of traditional products. In a word, with the growth of global consumption level and health awareness, the demand for erythritol is expected to continue increasing during the remaining years of the forecast period of 2018-2023.
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In the past few years, the price of erythritol has decreased and will increase in 2017 and we expect the price will slightly higher in future. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of erythritol.As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in erythritol industry will become more intense.
This report displays the sales volume, revenue, product price, market share and growth rate of each type, primarily split into Erythritol Powder, Erythritol Granular.
This report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including Confectionery, Beverage, Personal Care, Health Care, Others.
This analysis report can simplify to know following key questions: –
What Erythritol Market Status? Analysis of market considering scope, types, application, sales by region, Size (Value), market size (value) and CAGR (%) comparison by region, varieties and applications.
What Is Erythritol Competition? Considering Players, types and application? based on thorough analysis of key factors like Mergers & Acquisitions, Expansion, Average value by Players, Capacity, Production and Share by Players, manufacturing Base Distribution, Sales area and products type, Competitive scenario and Trends, Market Concentration Rate.
Who are Erythritol Key Players? Along with this survey you furthermore mght get their Product data like Product category, Application and Specification and their capacity, Production, Revenue, value and margin of profit additionally.
Erythritol manufacturing analysis –This Analysis is finished by considering these prime components like Key RAW Materials, value Trend and Key Suppliers of Raw Materials, Market Concentration Rate of Raw Materials, Proportion of Raw Materials, Labor price and manufacturing Expenses in manufacturing price Structure. Manufacturing process is additionally analyzed.
Erythritol Industrial Chain Analysis: – Upstream Raw Materials Sourcing, Downstream patrons
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Target Audience of the Erythritol Market Report
Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises, Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers, Investment bankers, Investors.
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