The global Meso Erythritol market generated revenue of around USD 325.2 million in 2020 and anticipated to grow at a CAGR of over 2.3% during the forecast period from 2021 to 2027 to reach around USD 381.3 million in 2027.
Erythritol (meso-erythritol, meso-1,2,3,4-Tetrahydroxybutan) is a chemical compound made up of sugar alcohol or polyol ring. Erythritol is used as a sugar substitute or food additive and is naturally occurring. It is made using corn plant by using enzymes and fermentation process. It is also known as glycemic food additive. Erythritol is used as a sweetener for diabetic patients, as it does not have insulinemic or glycemic effect.
Browse the full report at https://www.credenceresearch.com/report/meso-erythritol-market
Key Trends in Global Meso Erythritol Market
Rise in Prevalence of Diabetes
Erythritol is a chemical compound which is used as a sweetener. According to the data provided by CDC in Diabetes Statistics Report for 2020, in 2018, about 10% of total population of U.S. or approximately 34.2 million population of U.S. were suffering from diabetes. As per statistics revealed by International Diabetes Federation, more than 450 million of adults were suffering from diabetes and this number will reach over 700 million by the end of 2045. In the same data it is stated that 1 out of 5 people aged above 65 years suffer from diabetes. Erythritol is about 60%-70% as sweet as sucrose and is almost considered non-caloric. The compound doesn’t affect blood sugar level and doesn’t cause tooth decay. This advantages of erythritol over sucrose and increase inn cases of diabetes is driving the growth of meso erythritol market.
Impact of COVID 19 on Global Meso Erythritol Market
There is almost no industry that has not been affected by the COVID 19 pandemic outbreak. Following COVDI 19, there has been a significant shift in consumer purchasing behaviour and consumption patterns. Due to trade restrictions and a lockdown in the COVID-19 situation, demand for Meso Erythritol was severely impacted. Furthermore, the increased awareness of the importance of maintaining one’s health as a result of the COVID-19 situation has hampered the growth of the meso erythritol market after 2019.
Global Meso Erythritol Market by Type Insights
On the basis of type, the Meso Erythritol market is segmented into 20-30 mesh, 30-60 mesh, 60-80 mesh, 100 mesh and others. 20-30 mesh segment is anticipated to dominate the grade segment of Meso Erythritol market. The growing application of 20-30 mesh meso erythritol in pharmaceutical and cosmetic industry is anticipated to fuel the growth of the segment. 30-60 mesh segment is anticipated to show a higher CAGR in the forecast period.
Global Meso Erythritol Market by Application Insights
The Meso Erythritol market is classified into pharmaceutical industry, food industry, cosmetic industry, and others. The pharmaceutical industry is expected to dominate the end user segment of the Meso Erythritol market. Rapid technological development in the pharmaceutical industry, the use of meso erythritol in the production of various drugs, and an increase in the rapid production of pharmacy products are expected to primarily drive the pharmaceutical segment’s growth. The food industry is expected to grow rapidly during the forecast period due to the use of meso erythritol as a sweetener because it has few or Zero calories.
Global Meso Erythritol Market by Regional Insights
The largest market for Meso Erythritol is North America which accounted for approximately 38% of the total revenue generated. The developed technologies for pharmaceutical industries, rising awareness about the benefits of Meso Erythritol over sucrose, and health conscious population is driving the growth of the North American Meso Erythritol market. Asia Pacific is anticipated to show a high growth rate owing to the increase of prevalence of diabetes, rapidly developing pharmaceutical industry, and growing awareness about the health and effect of sweeteners.
Global Meso Erythritol Market Competitive Landscape
The main players of the global Meso Erythritol market include Nikken-chemical, Futaste, Mitsubishi, Zhongshun Sci. &Tech., Shandong Sanyuan Biotechnology, Cargill, Baolingbao Biology and Others. The report covers detailed profiles of the key players.
Download Free Sample PDF including full TOC, Tables and Figures@ https://www.credenceresearch.com/sample-request/60303
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-800-361-8290