Summary:The erythritol market has attracted much attention and shown an obvious development trend in recent years. In the domestic market, with the increasing health awareness of consumers and the surging demand for low-sugar and low-calorie food and beverages, its demand has witnessed rapid growth. The demand for erythritol in China's erythritol industry reached 105,000 tons in 2023. However, its potential in many fields remains to be further explored. From a global perspective, the production capacity is mainly concentrated in China, and several major producers account for about 80% of the market share. China's output continues to rise. In terms of price trend, after a significant decline, it has been relatively stable in 2024. Meanwhile, relevant reports have an optimistic expectation for the growth of its market size. More reports in the sugar and sweeteners industry can be consulted for further understanding.
CCM Market News
In recent years, with the enhancement of domestic consumers' health awareness and the increasing demand for low-sugar and low-calorie food and beverages, the domestic market demand for erythritol has shown a rapid growth trend.
In 2023, the demand for erythritol in China's erythritol industry was 105,000 tons. However, currently, Chinese consumers' understanding of erythritol is mainly concentrated in the beverage field. With the rise of the middle class, its market potential in other areas such as table sugar, baked goods, candies, and dairy products awaits further exploration.
Erythritol has shown significant demand potential in markets such as Asia, Europe, America, Australia, the Middle East, Southeast Asia, and India. Among them, the demand in China, Japan, South Korea, and Australia is relatively stable, while emerging markets such as the Middle East, Southeast Asia, and India are in the initial stage and have huge growth potential.
Market Supply
According to the observations of the CCM market intelligence platform, the global erythritol production capacity is mainly concentrated in China. The major producers include Jungbunzlauer, Zhucheng Dongxiao Biotechnology, Baolingbao Biology, Cargill, and Shandong Sanyuan Biotechnology, etc. Among them, the top five manufacturers account for approximately 80% of the market share.
The output of China's erythritol industry has been continuously increasing. In 2023, the output of China's erythritol industry was approximately 164,000 tons.
Among them, Shandong Sanyuan Biotechnology is the enterprise with the largest production capacity and output as well as the highest market share in the global erythritol industry. It has an erythritol production capacity of 85,000 tons, and its market share reached 35% in 2021, ranking first. Yufeng Group ranks second, with a market share of 17%.
With the entry of new players such as Yufeng Group and Fengyuan Pharmaceutical in China, the competitive landscape of the global erythritol has changed significantly, and the proportion of China's production capacity has further increased. Previously, there was a situation of cutthroat price competition in the industry. However, according to the news from Shandong Sanyuan Biotechnology in April 2024, this situation has improved significantly. At the same price, Shandong Sanyuan Biotechnology, relying on its product quality, service, and brand advantages, has seen the return of customers.
Price Trend
According to the news in November 2024, erythritol has different price quotations such as 18 yuan for 1-25 kg, 15 yuan for 25-500 kg, and 13.5 yuan for ≥500 kg.
In 2021, the average price of erythritol was above 20 yuan/kg, and the highest point reached 23-26 yuan/kg. Currently, there are quotations of 9-12 yuan/kg on the market, and the price has dropped significantly. However, since 2024, the price has been relatively stable, and some industry insiders believe that under the current price, the market demand is affected by various factors such as health trends, and the price war of purified water has limited impact on its demand.
According to the report of the QYResearch research team in 2023, it is expected that the global erythritol market size will reach 3.5 billion US dollars in 2029, and the compound annual growth rate (CAGR) in the next few years will be 7.7%. In 2023, the global erythritol market size was 2.4 billion US dollars, and it is expected that the total revenue will grow at a rate of 6.5% during the period from 2024 to 2030, approaching 3.8 billion US dollars by 2030.
If you want to learn about the report on erythritol, you can find this one on our website:
Market Survey of Erythritol in China in 2019
There are also other reports in the "Sugar and Sweeteners" industry. Everyone is welcomed to check them out:
Production of Starch Sugar in China 2019–2023
Market Research of Acesulfame Potassium in China 2023
Production of Sugar Alcohols in China 2019-2023
Market Research of Stevia in China（2021）
Market Research of Aspartame in China（2021）
Production and Market of Sorbitol and Maltitol in China（2019）
Stevia Market and Company Research in China（2019）
Market Research on China Stevia Sweetener Industry（2017）
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