(MENAFN- America News Hour) In a recently published report, Global Maltitol Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Maltitol Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Maltitol Market is valued approximately at USD 0.18 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2020-2027. Maltitol is considered under the sugar alcohol category and is used as a sugar substitute. Maltitol also appears under names like sorbitol and xylitol. The chemical name maltitol is 4-O-α-glucopyranosyl-D-sorbitol. Maltitol has similar properties to saccharose and can offer between 70 and 90 per cent sweetness as saccharose. Growth in the food & beverage industry along with growth in the pharmaceutical industry will be the main drivers in this market. For instance, as per Statista, food and beverage sector is expected to generate revenue of about $336,838 million by 2024 from $101,095 million in 2017. increasing inclination to consume food and beverages free of sugar or low in sugar will boost the maltitol market. Increasing population, growing urbanization, changing food preferences would be the opportunity factors. Increasing regulations along with rising maltitol side effects is the restraining factor.
The regional analysis of global Maltitol market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. It is estimated that highly escalated population growth and increased spending capacity, particularly in countries such as China and India, will boost the growth of the food and pharmaceutical industry, as well as increased health awareness and consumption of sugar-free and low-sugar products in Asia Pacific will make Maltitol a prominent market. Europe and North America are expected to be promising maltitol market due to increased health and dental awareness due to high sugar-free or low sugar-containing products. The increased inclination to consume natural products will also have a positive impact on the North American and European markets
Major market player included in this report are:
Mitsubishi Shoji Foodtech Co., Ltd,
Dancheng CAIXIN Sugar Industry Co.Ltd,
MC-Towa International Sweeteners CO., Ltd.,
Tereos Starch & Sweeteners s.a.s.,
Zhejiang Huakang Pharmaceutical Co., Ltd, and
Shaoxing Marina Biotechnology Co.,Ltd.,
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By end use
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Maltitol Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
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