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The global sugar alcohol market size is projected to reach USD 6.70 Billion by 2027 and will exhibit a CAGR of 7.75% between 2019 and 2027.

List of the Companies Operating in the Sugar Alcohol Market:

Archer-Daniels-Midland Co. – Illinois, U.S.
Cargill Incorporated – U.S.
Ingredion Incorporated – U.S.
Roquette Frères - France
Tereos Starch & Sweeteners s.a.s - France
Tate and Lyle plc – U.K.
Pfizer Inc. – U.S.
Lonza Group - Switzerland
SPI Pharma – U.S.
Merck KGaA – German
Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose.

Drivers and Restraints:

Increasing Demand for Gluten-free Food Products to Bolster Growth

Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period.

Regional Analysis:

Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth

Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period.

The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth.

Competitive Landscape:

Companies Collaborating to Combat COVID-19 to Augur Growth

According to the report, the market comprises of several small, medium, and large companies striving to gain maximum market share by consolidating their position during the forecast period. In addition to this, the companies are collaborating with each other to fight the global pandemic, Covid-19 and mitigate the threat to get back the economy on track. For instance, in March 2020, amid the widespread effect of novel coronavirus that has caused the scarcity of hand sanitizes, Gull New Zealand, a renowned petroleum company, announced that it would provide over 340,000 liters of ethanol along with Sugar Alcohol to manufacture hand disinfectants. This move is expected to fill the void caused due to scarcity of hand sanitizers across several regions that will prove beneficial to fight the pandemic

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The global pasta market size was USD 66.36 billion in 2022. The market is projected to grow from USD 68.35 billion in 2023 to USD 99.24 billion by 2030, exhibiting a CAGR of 5.47% during the forecast period 2023-2030.

Pasta is a largely consumed, easy-to-make, and an affordable food product. The increasing and regular evolution of pasta propels the pasta market growth during the forecast period. The rising demand for instant food products, such as pasta and Western food culture adoption, is driving the market growth during the forecast period.

Fortune Business Insights™ mentioned this in a report titled “Pasta Market, 2023-2030.”

Segments-

Rising Dried Products Consumption to Propel Segment Growth

By product type, the market is segmented into dried, chilled, and canned. The dried segment is expected to dominate the market during the forecast period. The segment's growth is attributed to increasing consumption of dried products globally. The shelf life of dried products is also more than chilled and canned products.

Rising Need for Wheat Products to Boost Segment Growth

Based on raw material, the market is classified into wheat and gluten-free. The wheat segment is estimated to dominate the market during the forecast period due to the increasing need for wheat products globally. The availability of products in different shapes and sizes also drives segment growth during the forecast period.

Growing Accessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets

By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online stores, and others. The supermarkets/hypermarkets will dominate the market during the forecast period owing to increasing availability and convenience of choosing the products from various options.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East & Africa.

Drivers & Restraints-

Rising Consumer Interest toward Western Cuisine to Propel Market Growth

The pasta market is estimated to grow during the forecast period due to consumers' rising interest in Western cuisine in Asian countries. The rapid increase in cooking various and artistic recipes will boost significant growth post-pandemic. During the pandemic, the rising consumption in countries, including France, Germany, the U.S., and Italy, propelled the market growth.

Regional Insights-

Growing Demand for Product to Boost Market Growth in Europe

Europe is estimated to hold the largest pasta market share during the forecast period. The growth is attributed to the increasing product demand in the region. Europe will also be the dominating region due to the launch of new varieties of gluten-free products in various shapes and forms.

Asia Pacific is expected to have the fastest growth rate during the forecast period due to the rising adoption of Western diets in the region.

Competitive Landscape-

Rising New Product Launches to Aid Market Growth

The market has several players, including Ebro Foods, S.A., Barilla G.e.R.F.lli S.p.A., and Campbell Soup Company. These major market players are adopting strategies to launch new products to maintain their market position. The companies are manufacturing products that are gluten-free to attract health-conscious consumers.

Notable Industry Development

September 2021 – Barilla, an Italy-based pasta producer, expands its gluten-free product line made from chickpea flour.
List of Key Players Present in the Report:

Barilla G. e R. F.lli S.p.A. (Italy)
Ebro Foods, S.A. (Spain)
CAMPBELL SOUP COMPANY (U.S.)
TreeHouse Foods, Inc. (U.S.)
Unilever (U.K.)
The Kraft Heinz Company (U.S.)
BORGES INTERNATIONAL GROUP (Spain)
Nestlé (Switzerland)
F.lli De Cecco di Filippo S.p.A (Italy)
Armanino Foods of Distinction (U.S.)
Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessins....ights.com/pasta-mark

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Sipping Sunshine: The Citrus Alcohol Market's Bright Future

According to current market research by FMI, the citrus alcohol market is anticipated to grow at a CAGR of 7.9%. The market is anticipated to reach US$ 1,272 million in 2023. The figures are projected to reach US$ 2,276.9 million by 2033.

Urbanisation fueled by inflation has raised disposable income. Customer behaviours have altered as a result. Because of its unique flavour, a lot of people have started consuming more citrus alcohol.

One of the primary drivers of the market is the fact that these are healthful. In fact, physicians recommend moderation when it comes to citrus alcohol use because it helps to keep a healthy heart. Drinking citrus-flavored alcohol dramatically reduces the chance of developing cancer. All of these factors are expected to increase citrus alcohol sales over the projection period.

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Thus, the FMI researchers are of the view that ‘changing consumption patterns, increase in the disposable income, health benefits offered, and lots of other factors are expected to surge the citrus alcohol market share during the forecast period.’

Key Takeaways:

The market is expected to advance at a CAGR of 7.9% from 2023 to 2033.
In 2023, the valuation is expected to be at US$ 1,272 million.
By 2033, the market size is expected to breach the mark of US$ 2,276.9 million.
On the basis of regional analysis, North America is expected to be the largest market.
The United States market is expected to post a CAGR of 4.4%.
The United Kingdom market is projected to record a CAGR of 6.4%.
Spain market is anticipated to register a CAGR of 5.4%.
Germany market is expected to surge at a CAGR of 7%.
China market is projected to advance at a CAGR of 4.7%.
On the basis of product type, the spirit segment is expected to hold the leading market share, and is projected to record a CAGR of 6%.
On the basis of end user, the specialty stores segment is expected to hold the dominant position, and is anticipated to record a CAGR of 7.1%.
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Competitive Landscape

The key players operating in the market are investing millions of dollars in mergers and acquisitions. The focus is to increase the market share and serve maximum regions. The manufacturers are also investing on sustainable development programs. Thus, there are a lot of initiatives pertaining to water conservation in particular. The manufacturers are also adopting eco-friendly packaging, which would ensure that no pollution is caused due to land filling. There is also a lot of activity around implementing the latest technology. This would increase the efficiency of the machines, as a result of which the output might increase by more than five times.

Significant developments in the citrus alcohol market:

In December 2022, Carlsberg announced that it would acquire Waterloo brewing and strengthen its position in Canada market.
In December 2022, Encirc and Diageo announced hydrogen powered furnace to change the face of the United Kingdom glass manufacturing industry.
Citrus Alcohol Market Segmentation

By Product Type:

Beer
Spirits
Wine
By Packaging Type:

Glass Bottles
Tins
Plastic Bottles
By End-User:

Modern Trade
Specialty Stores
Convenience Stores
Commercial
Hotels/Restaurants/Bars
Online Retailers

 

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Ready-to-Use Therapeutic Food Market Trends: Fueling Wellness Worldwide

According to FMI’s estimate of the global ready-to-use therapeutics market, the industry’s value is projected to be over US$ 429 million in 2023. FMI projects that by the conclusion of this forecast period, ready-to-use therapeutic food sales would have brought in around US$ 743.4 million in revenue globally.

Due to the fact that malnutrition rates are rising globally, undernutrition accounts for about 45% of deaths in the Under 5 age group. The demand for ready-to-use therapeutic food is developing internationally due to the growing concern of global communities to address the threat through available solutions. 96% of children who got RUTF treatment were shown to be nutritionally well within a year, according to a previous publication in the American Journal of Clinical Nutrition.

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It's interesting to note that the Covid-19 pandemic had a significant negative influence on poor and undeveloped nations, although eventually this helped the market. It was discovered that infants who were extremely malnourished had a dangerously high chance of developing the new coronavirus because of their compromised immunity. Therefore, a lot of work was put into providing therapeutic foods that were ready to eat in order to increase their sales on the international market.

Over the course of the projection period, however, it is anticipated that rising costs and a lack of adequate market channels will obstruct the expansion of RTE therapeutic food items. Microbial contamination occurs when producers of RTD medicinal products disregard the WHO's guidelines for food product preparation.

Key Takeaways from the Ready-to-use Therapeutic Food Market Study Report

Based on market survey reports, the sales of ready-to-use therapeutic foods were dominated by the United States, with a revenue share of 23.5% in 2022.
Likewise, Germany is a leading contributor of RTD therapeutic products in the UNICEF programs and held a market share of 14.5% in 2022.
Contrastingly, Asia Pacific countries are performing well these days and have increased their ready-to-eat therapeutic food production capacity to compete globally. While the market for this commodity in China is projected to grow at 4.5% through 2033 India is expected to advance at a 6.5% growth rate.
Competitive Landscape for the Ready-to-use Therapeutic Food Market Players

Nuflower Foods, GC Rieber Compact AS, Valid Nutrition, InnoFaso Corp., Edesia Inc., Nutrivita Foods Ltd., Diva Nutritional Products, Insta Products Ltd., Mana Nutritive Aid Product Inc., Meds & Food for Kids Inc., Samil Industrial Co., Tabatchnick Fine Foods Inc., Amul India Inc., Hilina Enriched Foods PLC, and Société de Transformation Alimentaire among others are some key players in the global ready-to-use therapeutic food market.

Throughout the forecast period, the overall market is expected to remain consolidated due to the presence of a few key players globally. Market growth is anticipated to accelerate due to an increase in collaborations in the regional markets for the production of RUTF at a higher quantity.

For example, the Federal Government of Nigeria signed an MOU with UNICEF in May 2018 to acquire and supply RUTF in the country in huge quantities. The cooperation aimed to act as a parallel contribution to the acquisition and delivery of the goods throughout the state’s six affected zones.

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Industry Key Segment

By Type:

Solid Therapeutic Food
Power or Blend Form
Biscuits or Bar Form
Paste Therapeutic Food
Drinkable Therapeutic Food
Other Ready-to-use Therapeutic Foods

 

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