Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$26.11
Day's Change
0.64 (2.51%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.19
Day's Low
25.26
Volume
(Above Average)
Volume:
63,354,498

10-day average volume:
56,075,071
63,354,498

Sugar Alcohol Market to Exhibit a CAGR of 7.75% by 2027; Increasing Preference for Sugar-based Alternatives to Fuel Demand: Fortune Business Insights(TM)

10:53 am ET June 11, 2020 (Globe Newswire) Print

The global Sugar Alcohol market size is projected to reach USD 6.70 Billion by 2027 backed by increasing demand for gluten-free food products across the globe. Fortune Business Insights, in its latest report, titled "Sugar Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Sorbitol, Xylitol, Maltitol, Erythritol, and Isomalt), Application (Food and Beverages, Pharmaceuticals, and Cosmetics and Personal Care), and Regional Forecast, 2020 - 2027." observes that the market was worth USD 3.61 Billion in 2019 and will exhibit a CAGR of 7.75% between 2019 and 2027.

Gain More Insights into the Sugar Alcohol Market Research Report

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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List of the Companies Operating in the Sugar Alcohol Market:

-- Archer-Daniels-Midland Co. - Illinois, U.S.

-- Cargill Incorporated - U.S.

-- Ingredion Incorporated - U.S.

-- Roquette Freres - France

-- Tereos Starch & Sweeteners s.a.s - France

-- Tate and Lyle plc - U.K.

-- Pfizer Inc. - U.S.

-- Lonza Group - Switzerland

-- SPI Pharma - U.S.

-- Merck KGaA - Germany

Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose.

What does the Report Include?

The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2020 and 2027. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.

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Drivers and Restraints:

Increasing Demand for Gluten-free Food Products to Bolster Growth

Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period.

Regional Analysis:

Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth

Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period.

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The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth.

Competitive Landscape:

Companies Collaborating to Combat COVID-19 to Augur Growth

According to the report, the market comprises of several small, medium, and large companies striving to gain maximum market share by consolidating their position during the forecast period. In addition to this, the companies are collaborating with each other to fight the global pandemic, Covid-19 and mitigate the threat to get back the economy on track. For instance, in March 2020, amid the widespread effect of novel coronavirus that has caused the scarcity of hand sanitizes, Gull New Zealand, a renowned petroleum company, announced that it would provide over 340,000 liters of ethanol along with Sugar Alcohol to manufacture hand disinfectants. This move is expected to fill the void caused due to scarcity of hand sanitizers across several regions that will prove beneficial to fight the pandemic.

Detailed Table of Content:

-- Introduction

    -- Research Scope

    -- Research Scope

    -- Market Segmentation

    -- Research Methodology

    -- Definitions and Assumptions

    -- Executive Summary

    -- Market Dynamics

      -- Market Drivers

      -- Market Drivers

      -- Market Restraints

      -- Market Opportunities

      -- Emerging Trends

      -- Key Insights

        -- Overview of the Parent/Related Markets

        -- Overview of the Parent/Related Markets

        -- Supply Chain & Regulatory Analysis

        -- Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions

        -- Global Sugar Alcohol Market Analysis, Insights and Forecast, 2016-2027

          -- Key Findings / Summary

          -- Key Findings / Summary

          -- Market Size Estimates and Forecast

            -- By Type

            -- By Type

            -- Sorbitols

            -- Xylitol

            -- Maltitol

            -- Erythritol

            -- Isomalt

            -- By Application

            -- Food and Beverages

            -- Food and Beverages

            -- Personal Care and Cosmetics

            -- Pharmaceuticals

            -- Others

            -- By Region

            -- North America

            -- North America

            -- Europe

            -- Asia Pacific

            -- South America

            -- Middle East & Africa

            -- North America Sugar Alcohol Market Analysis, Insights and Forecast, 2016-2027

              -- Key Findings / Summary

              -- Key Findings / Summary

              -- Market Size Estimates and Forecast

                -- By Typ

                -- By Typ

                -- Sorbitols

                -- Xylitol

                -- Maltitol

                -- Erythritol

                -- Isomalt

                -- By Application

                -- Food and Beverages

                -- Food and Beverages

                -- Personal Care and Cosmetics

                -- Pharmaceuticals

                -- Others

                -- By Country

                -- U.S

                -- U.S

                -- Canada

                -- Mexico

                TOC Continued...!!!

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                Sorbitol Market Size, Share and Global Trend By Type (Liquid/Syrupy and Powder/Crystal), Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others), and Geography Forecast 2019-2026

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