The latest market estimate report published by Transparency Market Research on the global xylose market includes global industry analysis and opportunity assessment of the global xylose juice market for 2019-2029. Revenue generated from the global xylose market has been estimated to be valued at ~ US$ 1.6 Bn in 2019, which is projected to increase at a CAGR of ~ 6%. The global xylose market is projected to reach ~ US$ 2.9 Bn by 2029.
Xylose Market: Growing Food and Beverage Industry Boosting Xylose Market Growth
The food and beverage industry is experiencing a rapid growth rate, due to the growing population and rising demand. Manufacturers are introducing a variety of products in the market that promise better health benefits and better quality than the existing ones. The competition in the industry has intensified with the increasing demand, and the industry is toiling to cater to the varied demands of consumers. Consumers, these days, are inclined more towards plant-derived products and natural sweeteners. Industries are now using xylose as a flavoring agent in food products and beverages.
Global GDP is expected to rise, owing to the increasing per capita income and advancements in the lifestyles of people. People now prefer food and beverages that provide multiple benefits in one go. Hence, people’s preference for convenience is escalating the growth of the xylose market. Growing public demand for natural sweeteners is escalating the production of xylose, and manufacturers are introducing a wide variety of products in the market that are further increasing GDP, as such, boosting the sales of xylose.
Consumer concerns over conventional sweeteners are rising due to rising healthcare awareness. Consumers prefer products that have high nutritional and functional value. The use of conventional sugar has lessened over the years, and the demand for diabetic sweeteners is rising, as these can help maintain low glycemic index and cholesterol levels.
Consumers are more aware of the nutrition and ingredient content of food when deciding what they want to consume. Food manufacturers could encourage these practices of consumers and focus on clean labels that indicate the nutrients and ingredients in their products. These labels will help consumers choose products wisely.
The restraining factor for the xylose market is the slow regulatory approval for health claims. There are various steps involved for any organic product to be approved for application and use, which include the discovery and development process that begins in the laboratory. Certifications assure consumers about the quality of the product, and avoid any health-related conflicts. A product should be approved for selling in the market by various organizations such as the FDA and other local regulatory bodies. To sanction any health claim and certification, the wait is quite long, which hampers the growth of the xylose market, significantly.