The isomalt industry is projected to escalate from its 2023 valuation of USD 7.79 million to USD 12.28 million by 2033. From 2023 to 2033, isomalt sales in Korea are expected to expand at a 4.7% CAGR.
The isomalt sector growth is driven by advancing consumer awareness of the health risks associated with excessive sugar consumption and increasing demand for low-calorie sweeteners. The emergence of sugar substitutes at comparable costs hinders the market expansion of isomalt in Korea. The growing customer inclination toward alternative products challenges the isomalt industry in Korea.
Attributes | Details |
---|---|
Demand Analysis (2023) | USD 7.79 million |
Demand Forecast (2033) | USD 12.28 million |
CAGR Estimation (2023 to 2033) | 4.7% |
Influential Factors Escalating Isomalt Adoption in the Korean Market
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A thorough segmentation analysis of isomalt in Korea is included in this section. The producers of isomalt are closely monitoring market trends and the expanding demand in the conventional segment. Similarly, the powder segment tops the form category.
Segment | Conventional |
---|---|
Industry Share in 2023 | 91.3% |
Segment | Powder |
---|---|
Industry Share in 2023 | 77.6% |
With an emphasis on innovation, strategic alliances, and market expansion, leading isomalt manufacturers in Korea strive fiercely. Significant producers of isomalt in Korea are using extensive marketing strategies and creating a wide range of applications to compete for industry share.
The competitive landscape is significantly shaped by sustainable production techniques and regulatory compliance. The isomalt vendors in Korea are spending on research and development to stay ahead in this fast-paced, constantly evolving market as consumer demand for sugar substitutes increases.
Essential Developments of Isomalt Manufacturers in Korea
Beneo
Cargill
Roquette Frères S.A.
Ingredion
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Attribute | Details |
---|---|
Estimated Valuation (2023) | USD 7.79 million |
Projected Valuation (2033) | USD 12.28 million |
Anticipated CAGR (2023 to 2033) | 4.7% |
Historical Analysis of Isomalt in Korea | 2018 to 2022 |
Demand Forecast for Isomalt in Korea | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Key Cities Analyzed while Studying Opportunities in Isomalt in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
Key Companies Profiled | Palatinit (Südzucker Group); Roquette; Cargill; Beneo; Ingredion; JK Sucralose Inc. |
The sales of isomalt in Korea were valued at USD 7.50 million in 2022.
The market value of isomalt in Korea is set to reach USD 7.79 million in 2023.
The demand for isomalt in Korea is anticipated to rise at 4.7% CAGR from 2023 to 2033.
The Korea market size for isomalt is set to reach USD 12.28 million by 2033.
Conventional segment is expected to dominate the isomalt industry with a share of 91.3% from 2023 to 2033.
The HCAGR of sales of isomalt in Korea was 3.6% between 2018 and 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Organic 5.2. Conventional 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Syrup 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Confectionary 7.2. Sugar Confectionary 7.3. Bakery Products 7.4. Breakfast Cereals and Bars 7.5. Dairy Products 7.6. Frozen Desserts 7.7. Beverages 7.8. Sports Drink 7.9. Meat and Fish Products 7.10. Infant Formula 7.11. Pharmaceuticals 7.12. Others 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. South Gyeongsang 8.2. North Jeolla 8.3. South Jeolla 8.4. Jeju 8.5. Rest of Korea 9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Market Structure Analysis 15. Competition Analysis 15.1. Quadra Chemicals Ltd 15.2. S. A. Pharmachem Pvt. Ltd. 15.3. Baolingbao Biology Co., Ltd 15.4. Akhil Healthcare Pvt Ltd 15.5. SINO Food Ingredients (SINOFI) 15.6. Wako Pure Chemical Industries, Ltd 15.7. FUJIFILM Wako 15.8. Deiman SA de CV 15.9. Wilmar BioEthanol 15.10. KF Specialty Ingredients 16. Assumptions & Acronyms Used 17. Research Methodology
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