Product Code: ETC354084 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India xylitol market import shipment experienced a negative CAGR from 2020-2024. However, a significant growth rate between 2023 and 2024 indicates a notable rebound in market performance, suggesting a potential turnaround and renewed momentum in the industry after a period of slowdown.
The India Xylitol Market is projected to expand at 9% CAGR driven by increasing health awareness among consumers looking out for sugar substitutes or low calorie sweetening agents; supporting factors include growing consumption coupled with expansion strategies adopted by players operating within space promoting their product portfolio via inclusion novel functional food ingredients e g chocolates muffins etc Additionally rise diabetic population globally likewise encourages uptake artificial sweeteners that are considered healthier alternatives regular sugar derived cane juice Syrup maple honey etc Over past decade many food manufactures have replaced refined white sugars containing fructose corn syrup other high glycemic carbohydrates natural alternatives thereby making way new age alternative sweeteners like stevia sucralose monk fruit powder alongside polyalcohols.
The India Xylitol Market is propelled by factors linked to the growing health-conscious consumer base and increasing awareness of the health benefits of natural sweeteners. Xylitol, as a sugar substitute derived from natural sources like birch wood or corn cobs, offers a low-calorie alternative to sugar. The rising prevalence of diabetes and obesity in the country has shifted consumer preferences towards healthier food choices, boosting the demand for xylitol. Additionally, the food and beverage industry`s adoption of xylitol in products like sugar-free gum, candies, and baked goods drives market growth. Moreover, the dental care industry`s recognition of xylitol`s tooth-friendly properties, promoting oral health, contributes to its expanding use in oral care products like toothpaste and mouthwash.
The India Xylitol Market encounters specific challenges that impact its growth trajectory. One of the significant challenges is the relatively high cost of xylitol compared to conventional sugar. Although xylitol is gaining popularity as a natural sugar substitute, its production cost is higher due to the complex manufacturing process and the sourcing of raw materials. This cost factor can deter price-sensitive consumers from choosing xylitol-based products. Additionally, the limited availability of raw materials, especially from natural sources like birch wood, can lead to supply constraints. As the demand for xylitol rises, ensuring a stable supply becomes a critical challenge for manufacturers. Furthermore, the lack of awareness about xylitol and its benefits among consumers poses a marketing challenge. Companies need to invest in educational campaigns and marketing strategies to promote xylitol as a healthier alternative to traditional sugar and increase consumer adoption.
The India Xylitol Market faced challenges during the COVID-19 pandemic, primarily due to shifts in consumer behavior and supply chain disruptions. With the focus on health and well-being during the pandemic, there was increased interest in natural and healthier food choices, benefiting the xylitol market. The rising prevalence of diabetes and obesity also amplified the demand for sugar substitutes like xylitol. However, the disruptions in transportation and logistics affected the sourcing of raw materials and the distribution of xylitol-based products. The closure of retail outlets and the reduction in footfall in shopping centers impacted the sales of xylitol products, especially in the early phases of the pandemic. The market gradually recovered as e-commerce and online sales channels gained prominence, and consumers adapted to the new normal. The increasing awareness of the health benefits of xylitol and its adoption in various food and beverage products supported the market`s revival post-pandemic.
The India Xylitol Market is served by prominent companies engaged in the production and supply of xylitol as a sugar substitute. These key players play a significant role in meeting the growing demand for healthier alternatives to traditional sugar. Some of the major players in this market include Dupont Danisco, Roquette Fr?res, CSPC Shengxue Glucose Co., Ltd., Futaste Co., Ltd., Foodchem International Corporation, Zhejiang Huakang Pharmaceutical Co., Ltd., Mitsubishi Shoji Foodtech Co., Ltd., Merck KGaA, Xylitol Canada Inc., and Zhejiang Shengzhou Xinxingda Group Co., Ltd. These companies offer a range of xylitol-based products for applications in the food and beverage, pharmaceutical, and personal care industries, contributing to the expansion of the xylitol market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Xylitol Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Xylitol Market Revenues & Volume, 2021 & 2031F |
3.3 India Xylitol Market - Industry Life Cycle |
3.4 India Xylitol Market - Porter's Five Forces |
3.5 India Xylitol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Xylitol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of xylitol as a sugar substitute |
4.2.2 Rising prevalence of diabetes and obesity, driving demand for low-calorie sweeteners like xylitol |
4.2.3 Growing adoption of xylitol in oral care products due to its dental health benefits |
4.3 Market Restraints |
4.3.1 High production costs associated with xylitol production |
4.3.2 Limited availability of raw materials for xylitol production |
4.3.3 Lack of widespread distribution channels and awareness in rural areas |
5 India Xylitol Market Trends |
6 India Xylitol Market, By Types |
6.1 India Xylitol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Xylitol Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Xylitol Market Revenues & Volume, By Chewing gum, 2021-2031F |
6.1.4 India Xylitol Market Revenues & Volume, By Confectionary, 2021-2031F |
6.1.5 India Xylitol Market Revenues & Volume, By Food, 2021-2031F |
6.1.6 India Xylitol Market Revenues & Volume, By Personal care, 2021-2031F |
6.1.7 India Xylitol Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.1.8 India Xylitol Market Revenues & Volume, By Nutraceuticals, 2021-2031F |
7 India Xylitol Market Import-Export Trade Statistics |
7.1 India Xylitol Market Export to Major Countries |
7.2 India Xylitol Market Imports from Major Countries |
8 India Xylitol Market Key Performance Indicators |
8.1 Number of new product launches containing xylitol in the Indian market |
8.2 Growth in number of xylitol manufacturing facilities in India |
8.3 Increase in per capita consumption of xylitol in urban areas |
9 India Xylitol Market - Opportunity Assessment |
9.1 India Xylitol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Xylitol Market - Competitive Landscape |
10.1 India Xylitol Market Revenue Share, By Companies, 2024 |
10.2 India Xylitol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |