Global Sorbitol Market Segmentation, By 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) – Industry Trends and Forecast to 2031.
Sorbitol Market Analysis
The market for sorbitol is expected to grow significantly during the forecast period, owing to rising consumption of nutritional and diabetic foods and beverages. The increasing demand for the product, as a replacement for sugar in end-user food items, is also expected to drive product demand in the near future.
Global Sorbitol Market Size
Global sorbitol market size was valued at USD 1.71 billion in 2023 and is projected to reach USD 2.75 billion by 2031, with a CAGR of 6.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Sorbitol Key Market Insights
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Segmentation
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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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Key Market Players
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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)
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Market Opportunities
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Sorbitol Market Definition
Sorbitol, also known as glucitol, is a white, odourless crystalline powder that has 50-60% the sweetness of sucrose. It can be found in high concentrations in apples, peaches, plums, pears, and apricots. Sorbitol is a chemically inert and excipient-compatible polyol that is non-volatile, non-flammable, and non-corrosive. It is commercially produced through the electrolytic reduction of glucose and corn syrup.
Sorbitol Market Dynamics
Drivers
- The shift in consumer preference for organic sweeteners
The increased awareness of the negative effects of artificial and processed sugar on health is the primary motivator of the sorbitol market. People are increasingly turning to natural or organic sweeteners on a regular basis. Demand for low-calorie foods is also increasing, which increases demand for Sorbitol.
- The growing use of sorbitol in food industry
Due to its textural, moisture-stabilizing, and non-carcinogenic properties, the product's increasing use in chocolates and confectionary products is expected to boost market demand. Sorbitol is chemically relatively inert and a stable chemical, which leads to high demand for the product because it is simple to incorporate into other food products without interfering with the recipe. Sorbitol has a wide range of applications due to its unique and useful texture-enhancing properties, including the production of cosmetics.
Opportunity
Sugar price and supply fluctuations, as well as growing demand for sorbitol in the food and beverage industries, present an opportunity for the sorbitol market. People take sorbitol as a dietary supplement. It has a number of nutritional benefits, which are propelling the sorbitol market forward. Due to the increased awareness, organic or natural-based cosmetic and hygiene products are in high demand. It is also widely used in the production of oral and dental care products.
Restraints
Sorbitol availability is affected by seasonal factors. It is greatly influenced by the weather, so its quality and price fluctuate. Sorbitol is being studied to see if it has any negative effects. These are some of the major impediments to the growth of the Sorbitol market.
This sorbitol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sorbitol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Sorbitol Market
The COVID-19 outbreak has disrupted the entire supply chain, affecting manufacturers' consumption patterns and investment plans by forcing companies to adopt different and new operations policies with an eye on health and well-being problems for manufacturers on the production line. COVID-19 has reduced global sugar demand and has had an impact on the sugar industry, which drives sorbitol demand. Nowdays consumers are becoming more health-conscious and looking for food products that provide health benefits. Furthermore, consumer awareness of the harmful effects of sugar on health is growing, and as a result, people are more inclined toward low-calorie and low-sugar food products, which drives the market.
Sorbitol Market Scope
The sorbitol market is segmented on the basis of category, form, source, function and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Organic
- Conventional
Form
- Crystallized
- Powder
- Liquid
Source
- Corn
- Wheat
- Rye
- Others
Application
- Food
- Beverage
- Animal feed
- Glue Industry
- Pharmaceutical Industry
- Cosmetics Industry
- Oral care
- Industrial sector
- Others
Function
- Humectant
- Sweetener
- Bulking Agent
- Stabilizer
- Softener and Emulsifier
- Others
Sorbitol Market Regional Analysis
The sorbitol market is analysed and market size insights and trends are provided by country, category, form, source, function and application as referenced above.
The countries covered in the sorbitol 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.
The form segment in the China region is expected to grow at the fastest rate during the forecast period of 2024 to 2031, owing to increased sorbitol demand and low production costs. Due to the rising demand for ready-to-eat and convenience foods, the form segment dominates the North American sorbitol market. Due to the presence of the most sorbitol providers in this country, France is leading the growth of the global market for form segment.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Sorbitol Market Share
The sorbitol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sorbitol market.
Sorbitol Market Leaders Operating in the Market Are:
- 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)
Latest Developments in Sorbitol Market
- Archer Daniels Midland Company, a global leader in nutrition and agricultural origination and processing, announced today the completion of its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients based in Chicago, in 2021
- Cargill, a US-based food processor, plans to acquire the bio-industrial business of Croda, a British specialty chemical maker, for approximately USD 1 billion in 2021 to continue its push into biobased chemicals in Europe, Asia, and the Netherlands
- Ingredion signed a strategic distribution agreement with Batory Foods in 2020. The agreement calls for Ingredion's distributor to have a presence in Southern California to assist food and beverage manufacturers in obtaining the ingredients they need to produce and market their products
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