Sorbitol is a sugar alcohol and a perfect substitute for sugar as it contains fewer calories than regular sugar and provides 60% of the sweetness. The demand for low-calorie and low-sugar food products is increasing among health-conscious consumers. Nowadays, people are more inclined towards low-calorie food products to reduce their calorie intake and lead a healthy lifestyle.
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Data Bridge Market Research analyses that the Sorbitol Market which was growing at a value of 1.52 billion in 2021 and is expected to reach the value of USD 2.44 billion by 2029, at a CAGR of 6.1% during the forecast period of 2022-2029. The cost-effectiveness of sorbitol as an artificial sweetener is fostering market growth. Also, a rise in awareness regarding the health benefits of sorbitol and an increase in demand for sugar alternatives such as sorbitol in various industries will boost the growth of the global sorbitol market. Moreover, the rise in demand for low-calorie food among consumers is expected to propel the market growth in the forecast period.
The rising demand for low-calorie food across the world will drive the market's growth rate
The growing demand for low-calorie food among consumers looking for weight management and obese consumers leads the manufacturers to expand their business and fulfill the increasing order for sorbitol. The increase in the number of initiatives taken by manufacturers by expanding their sorbitol manufacturing capacity and the rising prevalence of obesity among consumers worldwide is expected to boost the growth of the global sorbitol market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Organic and Inorganic), Form (Crystallized, Liquid and Powder), Source (Corn, Wheat, Rye and Others), Function (Humectant, Sweetener, Bulking Agent, Stabilizer, Softener and Emulsifier and Others), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Oral Care, Cosmetics, Industrial Sector and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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A.D.M. (U.S.), Cargill Incorporated (U.S.), Roquette Freres (France), Ingredion Incorporated (U.S.), Tereos Starch & Sweeteners (Brazil), Ecogreen Oleochemicals Pte Ltd (Singapore), Gulshan Polyols Ltd. (India), Merck GmbH (Germany), S.P.I. Pharma, Inc. (U.K.), Sukhjit Starch & Chemicals Ltd. (India), Dow (U.S.), Dupont Inc. (U.S.), Gujrat Ambuja Exports Ltd. (India), Jeecon Foods Pvt Ltd. (India) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global sorbitol market is categorized into four segments based on category, form, source, function, and application.
- On the basis of category, the global sorbitol market is segmented into organic and inorganic. In 2021, the inorganic segment dominated the sorbitol market with a market share of 69.58% due to the rise in demand for low-calorie and low-sugar products which also offer various health benefits.
- On the basis of form, the global sorbitol market is segmented into crystallized, liquid, and powder. In 2021, the powder segment dominated the sorbitol market with a market share of 49.22% due to its easy application in various industries and high demand by manufacturers.
- On the basis of source, the global sorbitol market is segmented into corn, wheat, rye and others. In 2021, the corn segment dominated the sorbitol market with a market share of 50.88% due to the rise in demand for cost-effective and starch-rich raw materials to produce sorbitol to fulfill the growing demand in industries.
- On the basis of function, the global sorbitol market is segmented into humectant, sweetener, bulking agent, stabilizer, softener and emulsifier and others. In 2021, the humectant dominated the global sorbitol market with a market share of 32.57% due to the rise in demand for an ingredient with a high capacity to retain moisture and helps in enhancing the shelf life of the product.
The humectant segment will dominate the function segment of the sorbitol market
The humectant segment will emerge as the dominating segment under function segment. This is because of the growing number of technological advancements in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of application, the global sorbitol market is segmented into food and beverages, animal feed, pharmaceuticals, oral care, cosmetics, industrial sector and others. In 2021, pharmaceutical segment dominated the global sorbitol market with a market share of 25.59% due to increased demand for sorbitol to prepare tablets, capsules, and other pharmaceutical products.
The pharmaceutical segment will dominate the application segment of the sorbitol market
The pharmaceutical segment will emerge as the dominating segment under application. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: A.D.M. (U.S.), Cargill Incorporated (U.S.), Roquette Freres (France), Ingredion Incorporated (U.S.), Tereos Starch & Sweeteners (Brazil), Ecogreen Oleochemicals Pte Ltd (Singapore), Gulshan Polyols Ltd. (India), Merck GmbH (Germany), S.P.I. Pharma, Inc. (U.K.), Sukhjit Starch & Chemicals Ltd. (India), Dow (U.S.), Dupont Inc. (U.S.), Gujrat Ambuja Exports Ltd. (India), Jeecon Foods Pvt Ltd. (India).
Market Development
- ADM unveiled a brand-new logo and motto for their company in January 2020. The new logo's slogan is "Unlocking Nature, Enriching Life." By doing this, ADM was able to draw in new customers and broaden its clientele.
- Sunar Misri announced in September 2019 that it was expanding its operations in Andana (Turkey) in order to boost its capacity for producing sorbitol and maltitol.
- Lupin and Aptissen reached a mutual agreement in May 2019 for selling, marketing, advertising, and distributing Aptissen's sorbitol products in the Canadian province.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in sorbitol market during the forecast period 2022 to 2029
The market was led by Asia-Pacific. Rising numbers of consumer markets that are expanding quickly and consumers who are becoming more health concerned is driving the region's sorbitol market. Sorbitol is utilized extensively in a variety of products, including chocolates, baked goods, and confectionery.
Europe is estimated to be the fastest-growing region in sorbitol market the forecast period 2022 to 2029
The European region, which encompasses Germany, the United Kingdom, France, Russia, and Italy, is likewise growing and has a substantial market share for sorbitol worldwide. This is because people are quickly switching from artificial sweeteners to organic goods, which has led to substantial research and development initiatives about the usage of sorbitol and its negative long-term impacts.
COVID-19 Impact
The COVID-19 outbreak has disrupted the entire supply chain and impacted manufacturers' consumption trends and investment plans by requiring businesses to adopt new and different operations policies with an eye toward potential health and well-being issues for manufacturers on the production line. The sugar sector, which drives demand for sorbitol, has been impacted by COVID-19, which has decreased worldwide sugar demand. Consumers are searching for food items that offer health benefits, as they become more health conscious today. The market is driven by people's increased preference for low-calorie and low-sugar food items because of increasing consumer awareness of the detrimental effects of sugar on health.
For more detailed information about the sorbitol on market report, click here – https://www.databridgemarketresearch.com/jp/reports/global-sorbitol-market
