Sorbitol Market Research Report - Global Forecast till 2030

Sorbitol Market Research Report: By Function (Sweetener, Bulking Agent, Flavoring Agent, Humectant, Others), Form (Liquid, Powder), Application (Food & Beverages, Personal care, Pharmaceuticals, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Global Forecast till 2030

ID: MRFR/F-B & N/0600-HCR | November 2022 | Region: Global | 139 Pages         

Sorbitol Market

There will be a CAGR of 5.12% in the growth of the sorbitol market share By 2030, it is projected to reach USD 2,869.4 million By the end of the year 2030.

Segmentation

By Function Sweetener Bulking Agent Flavoring Agent Humectant Others
By Form Liquid Powder
By Application Food & Beverages Personal care Pharmaceuticals Others
By Region North America Europe Asia-Pacific

Key Players

  • Archer Daniels Midland Company (US)
  • Cargill Incorporated (US)
  • Roquette Freres (France)
  • Ingredion Incorporated (US)
  • Tereos Starch & Sweeteners (Brazil)
  • Ecogreen Oleochemicals Pte Ltd (Singapore)
  • Gulshan Polyols Ltd. (India)
  • Merck Group (Germany)
  • SPI Pharma Inc. (UK)
  • Sukhjit Starch & Chemicals Ltd. (India)
  • DowDupont Inc. (US)
  • Gujrat Ambuja Exports Ltd. (India)
  • Jeecon Foods Pvt Ltd. (India)

Drivers

  • Awareness about the bad effects of artificial and processed sugar on health
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Sorbitol Market Overview         


The global Sorbitol Market Size will rise with a CAGR of 5.12 % by the year 2030. It is anticipated to touch a total of USD 2,869.4 million by the end of the year 2030. The Global Sorbitol Market Share is anticipated to increase at a faster rate in the coming future. 
Sorbitol is a kind of carbohydrate that is popularly known as a polyol, or sugar alcohol. It is used to enhance the taste and sweetness of a product. It also acts as a humectant and is used to add texture to various materials. It is used in bulk by many industries as a potential key chemical intermediary. Food & Beverage, Cosmetics & personal hygiene, medical and pharmaceutical industry are extensively using Sorbitol in production of their products. It is also used as a preservative or additive in various canned and processed foods. The cosmetics industry makes use of Sorbitol to stabilize emulsion in their products.


COVID 19 Analysis


People across the globe are being affected by Coronavirus, the global pandemic. It has negatively impacted the operations of all the industries, except for the pharmaceutical industry. There has been a complete lockdown situation in almost every part of the world and people are forced to stay at their homes. Every nation has sealed their borders which mean no international travel will be possible shortly. The businesses are also being shut down and many people were laid off from their workplaces. This has affected the Sorbitol Market Growth as well.


It is being anticipated that post the Covid19 situation, Global Sorbitol Market Share will grow tremendously. The selling and distribution channels of Sorbitol and its related products were disturbed owing to the lockdown situation. Several companies have started selling their products on e-commerce platforms to overcome this hindrance. The fatal rate among diabetic patients that were diagnosed with corona was more. The demand for Sorbitol increased rapidly as it also helps in controlling and preventing diabetes. 


Sorbitol Market Dynamics


Drivers


The rise in the level of awareness about the bad effects of artificial and processed sugar on health is the major driving factor. People are shifting to natural or organic sweeteners to use on regular basis. The demand for low-calorie food is also increasing which in return is increasing demand for Sorbitol. 


Opportunity 


People are consuming Sorbitol as a dietary supplement. It has several nutritional benefits which are boosting its sorbitol market growth. Organic or natural-based cosmetic and hygiene products are highly in demand due to the rise in the level of awareness. It is widely being used in the manufacturing of oral and dental care products as well.


Restraints


The availability of sorbitol is dependent on seasonal factors. It is greatly influenced by climate, hence, its quality and price also keep on fluctuating. Researches are being conducted to assess the harmful effects of Sorbitol. These are a few of the major restraints that are slowing down the growth of the Sorbitol market.


Value Chain Analysis


Sorbitol is a sugar compound that is present in the form of alcohol and other enzymes. It is found naturally in fruits as well as plants. It can also be obtained from starch-rich sources through the process of hydrogenation. It has one-third fewer calories or sugar compounds than the industrial sweeteners and has diuretic, laxative, and cathartic characteristics. It has 60% more sweetening capabilities than sucrose. Hence it has become an alternative to sugar, especially for the geriatric population and diabetic patients. It is available in different forms including liquid, crystalized, or powder, and is generally odorless. It has several health benefits in long run such as it helps in preventing tooth decay, reduces calorie count, prevents and controls diabetes, helps in weight management, and many others.


Sorbitol Market Segmentation


According to the global Sorbitol Market Analysis, its market can be divided into various segments. These are based on function, based on form, and based on application.


Based on Function


Sorbitol performs various functions such as sweetening, bulking agent, humectant, flavoring agent, sequestrating substance, texturizer, stabilizers, and diuretic dehydrating.


Based on Form


Sorbitol is available in both liquid as well as powder form. The Liquid segment holds the largest sorbitol market share as it mixes well with other substances.


Based on application


Various end-use industries of sorbitol include food and beverage, pharmaceutical & healthcare, cosmetics & personal care products, households, bakery, confectionery & dairy, and many others. It is popularly used in the production of chocolates, bakery items, chewing gums, and others in the confectionery segment. 


Sorbitol Market Regional Analysis


The Global Sorbitol Market Value is increasing rapidly. It is leaving a huge impression in every part of the world owing to its specialization and advancements. The regions of the operation of its Global sorbitol market include regions of America, Europe, Asia-pacific, and the rest of the world.


American region, which includes the area of North America (the US and Canada) and Latin America, provides the largest market for sorbitol products. This owns to its consumption in both foods as well as non-food industries. It is widely used in oral and dental care products as it helps in preventing tooth decay.


The European region, which includes Germany, UK, France, Russia, and Italy, is also expanding and holds the third-largest sorbitol market share of the global sorbitol market. This is due to the extensive research and development projects relating to the use of sorbitol and its ill effects in the long run as people are readily shifting from artificial sweeteners to organic products.


The Asia-Pacific region includes countries such as China, Japan, India, Australia, and South Korea, and it is growing tremendously throughout the forecasted period. This is due to high consumption levels of Sorbitol in China where it is used in the production of vitamin C. Indonesian sorbitol market provides a good customer base for organic and natural-based cosmetic products that use sorbitol as its key ingredient.


The rest of the world includes the region of the Middle East and Africa, is growing at a slower but constant rate owing to the lower technological and industrial development, lack of awareness, and fewer government initiatives.


Sorbitol Market Competitive Landscape


The list of major Global Sorbitol Market Key Players is as follows:



  • Archer Daniels Midland Company (US)

  • Cargill Incorporated (US)

  • Roquette Freres (France)

  • Ingredion Incorporated (US)

  • Tereos Starch & Sweeteners (Brazil)

  • Ecogreen Oleochemicals Pte Ltd (Singapore)

  • Gulshan Polyols Ltd. (India)

  • Merck Group (Germany)

  • SPI Pharma, Inc. (UK)

  • Sukhjit Starch & Chemicals Ltd. (India)

  • DowDupont Inc. (US)

  • Gujrat Ambuja Exports Ltd. (India)

  • Jeecon Foods Pvt Ltd. (India)


These companies form joint ventures or come together in partnerships for certain projects, mergers, and acquisitions to make technological advancements. They strive to develop end-products and services that are unique, cost-effective, and proficient in working and can deliver accurate solutions to the respective problems.


Recent Developments


The various recent activities found in the Global Sorbitol Market Forecast are as follows:



  • In January of the year 2020, ADM launched an altogether new logo with a catchy tagline for their brand that says, “Unlocking Nature, Enriching Life”. Through this ADM was able to attract and appeal to more consumers and expand its customer base.

  • In September of the year 2019, Sunar Misri announced the expansion of its operations in Andana (Turkey) to increase its production capacity of sorbitol and maltitol. 

  • In May of the year 2019, Lupin and Aptissen entered into a mutual agreement for the selling, marketing, advertising, and distribution of Aptissen’s sorbitol products in the province of Canada.

  • In December of the year 2016, Cargill Inc., a US-based organization, expanded its operations in Shanghai. The innovation center was named Cargill ONE. They produced animal protein, sweeteners, edible oils, starches, etc.


Sorbitol Market Report Overview


This report about the global Sorbitol Market Trends includes the following elements:



  • Market Overview

  • COVID19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This research report provides a comprehensive study about the global Sorbitol Outlook. It includes a thorough analysis of its sorbitol market trends and the areas of new advancements. According to a report of the International Diabetes Federation, approximately 463 million adults were living with diabetes in 2019. This number is accelerating at a fast rate owing to the rise of the geriatric population and unhealthy lifestyles. As a result the demand for natural sweeteners, such as sorbitol, is increasing tremendously.



Report Scope:

Report Attribute/Metric Details
  Market Size    USD 2,869.4 Million
  CAGR   5.12 % (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Function, By Form, By Application, By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Archer Daniels Midland Company (US), Cargill Incorporated (US), Roquette Freres (France), Ingredion Incorporated (US), Tereos Starch & Sweeteners (Brazil), Ecogreen Oleochemicals Pte Ltd (Singapore), Gulshan Polyols Ltd. (India), Merck Group (Germany), SPI Pharma Inc. (UK)
  Key Market Opportunities   Sorbitol has a several nutritional benefits which are boosting its sorbitol market growth
  Key Market Drivers   Rise in the level of awareness about the bad effects of artificial and processed sugar on health


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Frequently Asked Questions (FAQ) :

Sorbitol market valuation would be USD 2869.4 million by 2030

The function-based segments of sorbitol market are bulking agent, sweetener, flavoring agent, humectant, and others.

Applications included in the sorbitol market are food & beverages, personal care, pharmaceuticals, and others.

North America would dominate the sorbitol market.