Global Sugar Alcohol Market Size, Share & Demand Report By Product Type (Sorbitol, Xylitol, Erythritol, Maltitol, Isomalt, Lactitol, Mannitol, Others), By Application (Food & Beverages, Pharmaceuticals, Oral Care, Personal Care & Cosmetics, Nutraceuticals, Industrial Applications), By Distribution Channel (Direct B2B Supply, Ingredient Distributors, Online Ingredient Platforms), By End-Use Industry (Food Processing, Pharmaceutical Manufacturing, Oral Care Industry, Nutraceutical Industry, Personal Care Industry) By Region & Segment Forecasts, 2026–2031

Report Code: RI2905PUB
Last Updated : March, 2026
Author : Hannah Blake

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Sugar Alcohol Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Sugar Alcohol Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Sugar Alcohol Market, By Product Type
    1. Introduction
      1. Market Size and Forecast, By Product Type
    2. Sorbitol
      1. Market Size and Forecast, By Region
    3. Xylitol
      1. Market Size and Forecast, By Region
    4. Erythritol
      1. Market Size and Forecast, By Region
    5. Maltitol
      1. Market Size and Forecast, By Region
    6. Isomalt
      1. Market Size and Forecast, By Region
    7. Lactitol
      1. Market Size and Forecast, By Region
    8. Mannitol
      1. Market Size and Forecast, By Region
    9. Others
      1. Market Size and Forecast, By Region
  10. Sugar Alcohol Market, By Application
    1. Introduction
      1. Market Size and Forecast, By Application
    2. Food Beverages
      1. Market Size and Forecast, By Region
    3. Pharmaceuticals
      1. Market Size and Forecast, By Region
    4. Oral Care Products
      1. Market Size and Forecast, By Region
    5. Personal Care Cosmetics
      1. Market Size and Forecast, By Region
    6. Nutraceuticals Dietary Supplements
      1. Market Size and Forecast, By Region
    7. Industrial Applications
      1. Market Size and Forecast, By Region
  11. Sugar Alcohol Market, By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Direct B2B Supply Agreements
      1. Market Size and Forecast, By Region
    3. Ingredient Distributors Traders
      1. Market Size and Forecast, By Region
    4. Online Ingredient Marketplaces
      1. Market Size and Forecast, By Region
  12. Sugar Alcohol Market, By End-Use Industry
    1. Introduction
      1. Market Size and Forecast, By End-Use Industry
    2. Food Processing Industry
      1. Market Size and Forecast, By Region
    3. Pharmaceutical Manufacturing
      1. Market Size and Forecast, By Region
    4. Oral Care Industry
      1. Market Size and Forecast, By Region
    5. Nutraceutical Industry
      1. Market Size and Forecast, By Region
    6. Personal Care Cosmetic Industry
      1. Market Size and Forecast, By Region
  13. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Product Type
          1. Sorbitol
            1. Xylitol
              1. Erythritol
                1. Maltitol
                  1. Isomalt
                    1. Lactitol
                      1. Mannitol
                        1. Others
                        2. By Application
                          1. Food Beverages
                            1. Pharmaceuticals
                              1. Oral Care Products
                                1. Personal Care Cosmetics
                                  1. Nutraceuticals Dietary Supplements
                                    1. Industrial Applications
                                    2. By Distribution Channel
                                      1. Direct B2B Supply Agreements
                                        1. Ingredient Distributors Traders
                                          1. Online Ingredient Marketplaces
                                          2. By End-Use Industry
                                            1. Food Processing Industry
                                              1. Pharmaceutical Manufacturing
                                                1. Oral Care Industry
                                                  1. Nutraceutical Industry
                                                    1. Personal Care Cosmetic Industry
                                                  2. U.S.
                                                    1. By Product Type
                                                      1. Sorbitol
                                                        1. Xylitol
                                                          1. Erythritol
                                                            1. Maltitol
                                                              1. Isomalt
                                                                1. Lactitol
                                                                  1. Mannitol
                                                                    1. Others
                                                                    2. By Application
                                                                      1. Food Beverages
                                                                        1. Pharmaceuticals
                                                                          1. Oral Care Products
                                                                            1. Personal Care Cosmetics
                                                                              1. Nutraceuticals Dietary Supplements
                                                                                1. Industrial Applications
                                                                                2. By Distribution Channel
                                                                                  1. Direct B2B Supply Agreements
                                                                                    1. Ingredient Distributors Traders
                                                                                      1. Online Ingredient Marketplaces
                                                                                      2. By End-Use Industry
                                                                                        1. Food Processing Industry
                                                                                          1. Pharmaceutical Manufacturing
                                                                                            1. Oral Care Industry
                                                                                              1. Nutraceutical Industry
                                                                                                1. Personal Care Cosmetic Industry
                                                                                              2. Canada
                                                                                            2. Europe
                                                                                              1. Market Size and Forecast
                                                                                                1. By Product Type
                                                                                                  1. Sorbitol
                                                                                                    1. Xylitol
                                                                                                      1. Erythritol
                                                                                                        1. Maltitol
                                                                                                          1. Isomalt
                                                                                                            1. Lactitol
                                                                                                              1. Mannitol
                                                                                                                1. Others
                                                                                                                2. By Application
                                                                                                                  1. Food Beverages
                                                                                                                    1. Pharmaceuticals
                                                                                                                      1. Oral Care Products
                                                                                                                        1. Personal Care Cosmetics
                                                                                                                          1. Nutraceuticals Dietary Supplements
                                                                                                                            1. Industrial Applications
                                                                                                                            2. By Distribution Channel
                                                                                                                              1. Direct B2B Supply Agreements
                                                                                                                                1. Ingredient Distributors Traders
                                                                                                                                  1. Online Ingredient Marketplaces
                                                                                                                                  2. By End-Use Industry
                                                                                                                                    1. Food Processing Industry
                                                                                                                                      1. Pharmaceutical Manufacturing
                                                                                                                                        1. Oral Care Industry
                                                                                                                                          1. Nutraceutical Industry
                                                                                                                                            1. Personal Care Cosmetic Industry
                                                                                                                                          2. U.K.
                                                                                                                                            1. By Product Type
                                                                                                                                              1. Sorbitol
                                                                                                                                                1. Xylitol
                                                                                                                                                  1. Erythritol
                                                                                                                                                    1. Maltitol
                                                                                                                                                      1. Isomalt
                                                                                                                                                        1. Lactitol
                                                                                                                                                          1. Mannitol
                                                                                                                                                            1. Others
                                                                                                                                                            2. By Application
                                                                                                                                                              1. Food Beverages
                                                                                                                                                                1. Pharmaceuticals
                                                                                                                                                                  1. Oral Care Products
                                                                                                                                                                    1. Personal Care Cosmetics
                                                                                                                                                                      1. Nutraceuticals Dietary Supplements
                                                                                                                                                                        1. Industrial Applications
                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                          1. Direct B2B Supply Agreements
                                                                                                                                                                            1. Ingredient Distributors Traders
                                                                                                                                                                              1. Online Ingredient Marketplaces
                                                                                                                                                                              2. By End-Use Industry
                                                                                                                                                                                1. Food Processing Industry
                                                                                                                                                                                  1. Pharmaceutical Manufacturing
                                                                                                                                                                                    1. Oral Care Industry
                                                                                                                                                                                      1. Nutraceutical Industry
                                                                                                                                                                                        1. Personal Care Cosmetic Industry
                                                                                                                                                                                      2. Germany
                                                                                                                                                                                      3. France
                                                                                                                                                                                      4. Spain
                                                                                                                                                                                      5. Italy
                                                                                                                                                                                      6. Russia
                                                                                                                                                                                      7. Nordic
                                                                                                                                                                                      8. Benelux
                                                                                                                                                                                      9. Rest of Europe
                                                                                                                                                                                    2. APAC
                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                        1. By Product Type
                                                                                                                                                                                          1. Sorbitol
                                                                                                                                                                                            1. Xylitol
                                                                                                                                                                                              1. Erythritol
                                                                                                                                                                                                1. Maltitol
                                                                                                                                                                                                  1. Isomalt
                                                                                                                                                                                                    1. Lactitol
                                                                                                                                                                                                      1. Mannitol
                                                                                                                                                                                                        1. Others
                                                                                                                                                                                                        2. By Application
                                                                                                                                                                                                          1. Food Beverages
                                                                                                                                                                                                            1. Pharmaceuticals
                                                                                                                                                                                                              1. Oral Care Products
                                                                                                                                                                                                                1. Personal Care Cosmetics
                                                                                                                                                                                                                  1. Nutraceuticals Dietary Supplements
                                                                                                                                                                                                                    1. Industrial Applications
                                                                                                                                                                                                                    2. By Distribution Channel
                                                                                                                                                                                                                      1. Direct B2B Supply Agreements
                                                                                                                                                                                                                        1. Ingredient Distributors Traders
                                                                                                                                                                                                                          1. Online Ingredient Marketplaces
                                                                                                                                                                                                                          2. By End-Use Industry
                                                                                                                                                                                                                            1. Food Processing Industry
                                                                                                                                                                                                                              1. Pharmaceutical Manufacturing
                                                                                                                                                                                                                                1. Oral Care Industry
                                                                                                                                                                                                                                  1. Nutraceutical Industry
                                                                                                                                                                                                                                    1. Personal Care Cosmetic Industry
                                                                                                                                                                                                                                  2. China
                                                                                                                                                                                                                                    1. By Product Type
                                                                                                                                                                                                                                      1. Sorbitol
                                                                                                                                                                                                                                        1. Xylitol
                                                                                                                                                                                                                                          1. Erythritol
                                                                                                                                                                                                                                            1. Maltitol
                                                                                                                                                                                                                                              1. Isomalt
                                                                                                                                                                                                                                                1. Lactitol
                                                                                                                                                                                                                                                  1. Mannitol
                                                                                                                                                                                                                                                    1. Others
                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                      1. Food Beverages
                                                                                                                                                                                                                                                        1. Pharmaceuticals
                                                                                                                                                                                                                                                          1. Oral Care Products
                                                                                                                                                                                                                                                            1. Personal Care Cosmetics
                                                                                                                                                                                                                                                              1. Nutraceuticals Dietary Supplements
                                                                                                                                                                                                                                                                1. Industrial Applications
                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                  1. Direct B2B Supply Agreements
                                                                                                                                                                                                                                                                    1. Ingredient Distributors Traders
                                                                                                                                                                                                                                                                      1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                      2. By End-Use Industry
                                                                                                                                                                                                                                                                        1. Food Processing Industry
                                                                                                                                                                                                                                                                          1. Pharmaceutical Manufacturing
                                                                                                                                                                                                                                                                            1. Oral Care Industry
                                                                                                                                                                                                                                                                              1. Nutraceutical Industry
                                                                                                                                                                                                                                                                                1. Personal Care Cosmetic Industry
                                                                                                                                                                                                                                                                              2. Korea
                                                                                                                                                                                                                                                                              3. Japan
                                                                                                                                                                                                                                                                              4. India
                                                                                                                                                                                                                                                                              5. Australia
                                                                                                                                                                                                                                                                              6. Singapore
                                                                                                                                                                                                                                                                              7. Taiwan
                                                                                                                                                                                                                                                                              8. South East Asia
                                                                                                                                                                                                                                                                              9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                                            2. Middle East and Africa
                                                                                                                                                                                                                                                                              1. Market Size and Forecast
                                                                                                                                                                                                                                                                                1. By Product Type
                                                                                                                                                                                                                                                                                  1. Sorbitol
                                                                                                                                                                                                                                                                                    1. Xylitol
                                                                                                                                                                                                                                                                                      1. Erythritol
                                                                                                                                                                                                                                                                                        1. Maltitol
                                                                                                                                                                                                                                                                                          1. Isomalt
                                                                                                                                                                                                                                                                                            1. Lactitol
                                                                                                                                                                                                                                                                                              1. Mannitol
                                                                                                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                                                                                                                2. By Application
                                                                                                                                                                                                                                                                                                  1. Food Beverages
                                                                                                                                                                                                                                                                                                    1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                      1. Oral Care Products
                                                                                                                                                                                                                                                                                                        1. Personal Care Cosmetics
                                                                                                                                                                                                                                                                                                          1. Nutraceuticals Dietary Supplements
                                                                                                                                                                                                                                                                                                            1. Industrial Applications
                                                                                                                                                                                                                                                                                                            2. By Distribution Channel
                                                                                                                                                                                                                                                                                                              1. Direct B2B Supply Agreements
                                                                                                                                                                                                                                                                                                                1. Ingredient Distributors Traders
                                                                                                                                                                                                                                                                                                                  1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                  2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                    1. Food Processing Industry
                                                                                                                                                                                                                                                                                                                      1. Pharmaceutical Manufacturing
                                                                                                                                                                                                                                                                                                                        1. Oral Care Industry
                                                                                                                                                                                                                                                                                                                          1. Nutraceutical Industry
                                                                                                                                                                                                                                                                                                                            1. Personal Care Cosmetic Industry
                                                                                                                                                                                                                                                                                                                          2. UAE
                                                                                                                                                                                                                                                                                                                            1. By Product Type
                                                                                                                                                                                                                                                                                                                              1. Sorbitol
                                                                                                                                                                                                                                                                                                                                1. Xylitol
                                                                                                                                                                                                                                                                                                                                  1. Erythritol
                                                                                                                                                                                                                                                                                                                                    1. Maltitol
                                                                                                                                                                                                                                                                                                                                      1. Isomalt
                                                                                                                                                                                                                                                                                                                                        1. Lactitol
                                                                                                                                                                                                                                                                                                                                          1. Mannitol
                                                                                                                                                                                                                                                                                                                                            1. Others
                                                                                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                                                                                              1. Food Beverages
                                                                                                                                                                                                                                                                                                                                                1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                                                                  1. Oral Care Products
                                                                                                                                                                                                                                                                                                                                                    1. Personal Care Cosmetics
                                                                                                                                                                                                                                                                                                                                                      1. Nutraceuticals Dietary Supplements
                                                                                                                                                                                                                                                                                                                                                        1. Industrial Applications
                                                                                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                          1. Direct B2B Supply Agreements
                                                                                                                                                                                                                                                                                                                                                            1. Ingredient Distributors Traders
                                                                                                                                                                                                                                                                                                                                                              1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                                                              2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                                                                1. Food Processing Industry
                                                                                                                                                                                                                                                                                                                                                                  1. Pharmaceutical Manufacturing
                                                                                                                                                                                                                                                                                                                                                                    1. Oral Care Industry
                                                                                                                                                                                                                                                                                                                                                                      1. Nutraceutical Industry
                                                                                                                                                                                                                                                                                                                                                                        1. Personal Care Cosmetic Industry
                                                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                                                        1. By Product Type
                                                                                                                                                                                                                                                                                                                                                                          1. Sorbitol
                                                                                                                                                                                                                                                                                                                                                                            1. Xylitol
                                                                                                                                                                                                                                                                                                                                                                              1. Erythritol
                                                                                                                                                                                                                                                                                                                                                                                1. Maltitol
                                                                                                                                                                                                                                                                                                                                                                                  1. Isomalt
                                                                                                                                                                                                                                                                                                                                                                                    1. Lactitol
                                                                                                                                                                                                                                                                                                                                                                                      1. Mannitol
                                                                                                                                                                                                                                                                                                                                                                                        1. Others
                                                                                                                                                                                                                                                                                                                                                                                        2. By Application
                                                                                                                                                                                                                                                                                                                                                                                          1. Food Beverages
                                                                                                                                                                                                                                                                                                                                                                                            1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                                                                                                              1. Oral Care Products
                                                                                                                                                                                                                                                                                                                                                                                                1. Personal Care Cosmetics
                                                                                                                                                                                                                                                                                                                                                                                                  1. Nutraceuticals Dietary Supplements
                                                                                                                                                                                                                                                                                                                                                                                                    1. Industrial Applications
                                                                                                                                                                                                                                                                                                                                                                                                    2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                      1. Direct B2B Supply Agreements
                                                                                                                                                                                                                                                                                                                                                                                                        1. Ingredient Distributors Traders
                                                                                                                                                                                                                                                                                                                                                                                                          1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                                                                                                          2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                                                                                                            1. Food Processing Industry
                                                                                                                                                                                                                                                                                                                                                                                                              1. Pharmaceutical Manufacturing
                                                                                                                                                                                                                                                                                                                                                                                                                1. Oral Care Industry
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Nutraceutical Industry
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Personal Care Cosmetic Industry
                                                                                                                                                                                                                                                                                                                                                                                                                  2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                                                    1. By Product Type
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Sorbitol
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Xylitol
                                                                                                                                                                                                                                                                                                                                                                                                                          1. Erythritol
                                                                                                                                                                                                                                                                                                                                                                                                                            1. Maltitol
                                                                                                                                                                                                                                                                                                                                                                                                                              1. Isomalt
                                                                                                                                                                                                                                                                                                                                                                                                                                1. Lactitol
                                                                                                                                                                                                                                                                                                                                                                                                                                  1. Mannitol
                                                                                                                                                                                                                                                                                                                                                                                                                                    1. Others
                                                                                                                                                                                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                                                                                                                                                                                      1. Food Beverages
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Oral Care Products
                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Personal Care Cosmetics
                                                                                                                                                                                                                                                                                                                                                                                                                                              1. Nutraceuticals Dietary Supplements
                                                                                                                                                                                                                                                                                                                                                                                                                                                1. Industrial Applications
                                                                                                                                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                                                                  1. Direct B2B Supply Agreements
                                                                                                                                                                                                                                                                                                                                                                                                                                                    1. Ingredient Distributors Traders
                                                                                                                                                                                                                                                                                                                                                                                                                                                      1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                                                                                                                                                      2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Food Processing Industry
                                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Pharmaceutical Manufacturing
                                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Oral Care Industry
                                                                                                                                                                                                                                                                                                                                                                                                                                                              1. Nutraceutical Industry
                                                                                                                                                                                                                                                                                                                                                                                                                                                                1. Personal Care Cosmetic Industry
                                                                                                                                                                                                                                                                                                                                                                                                                                                              2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                                                              3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                                                              4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                                                              5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                                                              6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Competitive Landscape, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                                                            2. Sugar Alcohol Market Share Analysis, 2025 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                                                              1. Market Share Analysis, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                              2. Competition Ranking, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                              3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                                                                1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                                                                2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                                                                3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                                                              4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Cargill Incorporated
                                                                                                                                                                                                                                                                                                                                                                                                                                                              1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                                                              2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                                                              3. Key Product domains
                                                                                                                                                                                                                                                                                                                                                                                                                                                              4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                                                            2. Archer Daniels Midland Company
                                                                                                                                                                                                                                                                                                                                                                                                                                                            3. Roquette Frères
                                                                                                                                                                                                                                                                                                                                                                                                                                                            4. Ingredion Incorporated
                                                                                                                                                                                                                                                                                                                                                                                                                                                            5. Mitsubishi Corporation Life Sciences
                                                                                                                                                                                                                                                                                                                                                                                                                                                            6. Tereos Group
                                                                                                                                                                                                                                                                                                                                                                                                                                                            7. Gulshan Polyols Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                                                            8. SPI Pharma
                                                                                                                                                                                                                                                                                                                                                                                                                                                            9. Shandong Futaste Co., Ltd.
                                                                                                                                                                                                                                                                                                                                                                                                                                                            10. Baolingbao Biology Co., Ltd.