Market Forecast By Types (Sorbitol, Mannitol, Xylitol, Glycerol, Others), By Application (Food, Health Care, Others) And Competitive Landscape
Product Code: ETC341548 | Publication Date: Dec 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indonesia Polyhydric Alcohol Market Report thoroughly covers the market by type and application. The Indonesia Polyhydric Alcohol Market Outlook report provides an unbiased and detailed analysis of the ongoing Indonesia Polyhydric Alcohol Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Indonesia Polyhydric Alcohol Market has become one of the crucial markets and it is expected to grow tremendously during the forecast period due to the rising demand for sugary products and sugar substitutes, a rising population with rising disposable income, as well as a rise in the pharmaceutical industry.
According to 6Wresearch, the Indonesia Polyhydric Alcohol Market size is projected to increase at a CAGR of 7% during 2025-2031. Polyhydric alcohol demand in Indonesia is driven by several factors, including the increasing demand for sugary products and sugar substitutes, a growing population with rising disposable income, and an expanding pharmaceutical industry. Indonesia is the world's fourth most populous country, with a population of over 260 million. With the increasing population, the consumption of polyols has also increased significantly. Moreover, the Indonesian government is focused on developing the food and beverage industry to reduce the country's dependence on imported goods and boost economic growth. The growth in the food and beverage industry is driving the demand for polyols, especially in the production of sweeteners and additives for processed foods.
The industry faces some challenges, including volatile raw material prices, limited technology innovation, and the scarcity of high-quality raw materials. Raw materials such as corn and wheat, which are the primary sources of polyols, are subject to price fluctuations in the world market that impact the cost of production. Moreover, there is a limited supply of high-grade raw materials in Indonesia, which results in higher production costs. These challenges are hampering the Indonesia Polyhydric Alcohol Market Growth.
In Indonesia, the polyhydric alcohol market is dominated by a few key players. Among them, Cargill is the largest manufacturer of polyols and has a significant market share. PT Sorini Agro Asia Corporindo Tbk, a subsidiary of Indonesia's Astra Agro Lestari, is another significant player in the industry. Other notable players include Danisco, Archer Daniels Midland, and the Indonesian Oleochemical Manufacturers Association.
The Indonesian government has taken several initiatives to support the polyhydric alcohol industry. Among them, the government has granted tax incentives and investment benefits to companies that invest in Indonesia's upstream and downstream petrochemical industries. Additionally, the government has announced its plans to promote the food industry, which includes the use of polyols in food additives and sweeteners.
According to Shivankar, Research Manager, 6Wresearch, the sorbitol and xylitol segments are currently the fastest-growing types of polyhydric alcohol in the Indonesian market. However, the growth of the mannitol, glycerol, and other segments is still significant.
On the basis of the application segment, the food application segment accounts for the largest share of the Indonesian polyhydric alcohol market.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Polyhydric Alcohol Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Polyhydric Alcohol Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Polyhydric Alcohol Market - Industry Life Cycle |
3.4 Indonesia Polyhydric Alcohol Market - Porter's Five Forces |
3.5 Indonesia Polyhydric Alcohol Market Revenues & Volume Share, By Types, 2023 & 2031F |
3.6 Indonesia Polyhydric Alcohol Market Revenues & Volume Share, By Application, 2023 & 2031F |
4 Indonesia Polyhydric Alcohol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Polyhydric Alcohol Market Trends |
6 Indonesia Polyhydric Alcohol Market, By Types |
6.1 Indonesia Polyhydric Alcohol Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Sorbitol, 2021 - 2031F |
6.1.4 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Mannitol, 2021 - 2031F |
6.1.5 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Xylitol, 2021 - 2031F |
6.1.6 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Glycerol, 2021 - 2031F |
6.1.7 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Indonesia Polyhydric Alcohol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Food, 2021 - 2031F |
6.2.3 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Health Care, 2021 - 2031F |
6.2.4 Indonesia Polyhydric Alcohol Market Revenues & Volume, By Others, 2021 - 2031F |
7 Indonesia Polyhydric Alcohol Market Import-Export Trade Statistics |
7.1 Indonesia Polyhydric Alcohol Market Export to Major Countries |
7.2 Indonesia Polyhydric Alcohol Market Imports from Major Countries |
8 Indonesia Polyhydric Alcohol Market Key Performance Indicators |
9 Indonesia Polyhydric Alcohol Market - Opportunity Assessment |
9.1 Indonesia Polyhydric Alcohol Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Indonesia Polyhydric Alcohol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Polyhydric Alcohol Market - Competitive Landscape |
10.1 Indonesia Polyhydric Alcohol Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Polyhydric Alcohol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Product Code: ETC341548 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The polyhydric alcohol market in Indonesia, which includes compounds like glycerol and mannitol, is anticipated to grow in response to their applications in various industries. Glycerol finds use in food, pharmaceuticals, and personal care products, while mannitol is utilized in pharmaceuticals and food as well. As these industries expand domestically and globally, the demand for polyhydric alcohols is likely to follow suit.
The Indonesia Polyhydric Alcohol market is on an upward trajectory, owing to its applications in various industries such as pharmaceuticals, cosmetics, and food processing. The increasing health and beauty consciousness among consumers is fueling the demand for products containing polyhydric alcohols like glycerol and sorbitol. Moreover, their role as humectants and sweeteners in the food and beverage sector is contributing to market expansion.
The Polyhydric Alcohol market in Indonesia encounters challenges related to sourcing raw materials and ensuring consistent quality. Fluctuations in sugar prices, a primary raw material for polyhydric alcohols like sorbitol and xylitol, can affect production costs and pricing. Additionally, the need for sustainable sourcing and manufacturing processes is gaining importance, posing further challenges for the industry.
The Polyhydric Alcohol market in Indonesia faced disruptions in supply chains due to the pandemic. With lockdowns and restrictions in place, transportation and logistics became challenging, affecting the availability of these chemicals. Additionally, shifts in consumer behavior and reduced industrial activities led to fluctuations in demand. Industries like cosmetics and pharmaceuticals, which heavily rely on polyhydric alcohols, had to reevaluate their supply strategies to ensure a consistent source of raw materials.
The Polyhydric Alcohol market in Indonesia is expected to experience substantial growth. Polyhydric alcohols like glycerol and erythritol find applications in food and pharmaceutical industries. Key players in this market include Wilmar International, PT Bakrie Sumatera Plantations Tbk, and Cargill.