San Francisco, California, August 11, 2018: A recent report added by TMR Research to their vast repository, titled, “Maltitol Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028,” forecasts the market to bode well mainly due to extensive advancements and expansions occurring in the food industry.
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Maltitol artificial sweetener is used extensively in a plethora of applications such as desserts, nutrition bars, foods prepared in restaurants, bread rolls, and bakery products, among several others. Such an expansive utilization of this sweetener type is majorly driving the global maltitol market. In addition, with rapid developments happening in the food and culinary industry, the use of maltitol is projected to increase by mammoth amounts, consequently propelling growth in this market during the upcoming years. Apart from the food industry, this substance is also used commonly in the pharmaceutical industry, thus being beneficial to the market.
However, the global maltitol market might be slightly restrained owing to less supply of the compound in remote and underdeveloped regions. In addition, a wider acceptance of sweet food products made with maltitol still does not exist from a global perspective. Unnecessary utilization of maltitol may cause medical problems too, thus posing as an obstacle from a health-based perspective. Nonetheless, several players are working towards achieving better geographical spread. This is expected to reduce the market restraints up to a certain extent.
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The global maltitol market exhibits the presence of a highly competitive and fragmented vendor landscape, owing to the presence of numerous players. With the number of companies venturing in this field anticipated to increase during the upcoming years, the competitive intensity is projected to witness a notable surge. GILLCO INGREDIENTS, Foodchem International Corporation, Dancheng CAIXIN Sugar Industry Co. LTD., Wilmar BioEthanol, C-Towa International Sweeteners CO., Ltd., Tereos Starch & Sweeteners s.a.s., and Mitushi Biopharma, are key players operating in the global maltitol market.