Published Date : 19 Sep 19 | Views: 55 | Industry : Chemical & Material
Food Industry to Gain a Major Share in the Meso-Erythritol Market
As far as the application is concerned, the meso-erythritol market is divided as food industry, pharmaceuticals industry, cosmetics industry, and others. Food industry is expected enjoy a greater market share in the coming years owing to increasing usage of meso-erythritol as a sweetener in foods. The global meso-erythritol market is divided on the basis of product as 20-30 Mesh, 30-60 Mesh, 60-80 Mesh, 100 Mesh, and others.
North America to Witness Significant Growth in Future
North America is anticipated to grab a substantial market share in the forthcoming years owing to rising production of meso-erythritol in the US. Surge in the consumption and growing health awareness among the consumers are some of the other key factors fuelling the market growth in this region. Japan is one of the key producers of meso-erythritol, which is anticipated have a positive impact on the market growth in Asia Pacific in the near future. Meso-erythritol is also considered to be one of the direct food ingredients in this country.
Key Participants to Have a Strong Footing in the Meso-Erythritol Market
Shandong Sanyuan Biotechnology, Cargill, Mitsubishi, Baolingbao Biology, Zhongshun Sci. &Tech., Nikken Chemical, and Futaste are some of the key players operating in the global meso-erythritol market. Manufacturers in the industry are taking steps to modify the meso-erythritol production with the help of cost-effective substrates and metabolic engineering strategies with an aim to enhance overall output.
Increasing Approval of Meso-Erythritol Usage in the Food Industry
It has been observed that the use of meso-erythritol in foods has been increasingly approved in most of the countries, which, in turn, is acting as a key driver in the market. Moreover, meso-erythritol is gaining traction among people with diabetes or obesity due to its zero calorie content. It can also be used to make sugar-free alternatives due to its sensory characteristics such as flavor, texture, and color.
Increasing consumer preference for meso-erythritol as a natural sweetener over artificial sweeteners is projected to have a positive influence on the demand for the product in the near future. Advancements in meso-erythritol production is expected to open up new avenues for the market players. However, high retail price of meso-erythritol as a sweetener is acting as a restraint in the meso-erythritol market growth.
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