Sorbitol Market Drivers, Challenges and Growth Opportunities Analysis till 2028

Posted on 2022-08-09 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Aug 09, 2022 — /EPR Network/ —

Sorbitol Industry Overview

The global sorbitol market size was valued at USD 1.47 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028.

The market is expected to witness significant growth over the forecast period owing to the rising usage of diabetic and dietetic food and beverages. The growing product demand as a substitute for sugar in consumer food products is also expected to drive demand for the product over the next few years. Sorbitol is also increasingly being used in oral care products as it is metabolized at a slower rate as compared to other sugar alcohols, preventing dental problems such as cavities and tooth decay. The benefits of the same are expected to propel industry growth over the forecast period. Additionally, the trend of shifting production capacities to the Asia Pacific due to low production and labor costs has resulted in low costs for sorbitol, therefore causing rising demand for non-food applications.

Gather more insights about the market drivers, restrains and growth of the Global Sorbitol market

The major driver for the market is the growing demand from the food and beverage industry for nutritive sweeteners. Approval from safety regulatory and human health bodies such as the FDA and the U.S. Department of Agriculture (USDA) for the use of the product in medicines and bakery foods is expected to further drive the market in the U.S. Sorbitol also finds application as a humectant in pharmaceutical products, thereby fueling the growth of the product in the country due to the presence of one of the biggest pharmaceutical industries.

The increasing use of the product in chocolates and confectionary products owing to its textural, moisture-stabilizing, and non-carcinogenic properties is expected to positively affect the overall demand of the market. Sorbitol is chemically relatively inert and is a stable chemical, which is expected to result in high demand for the product as it is easy to incorporate in other food products without hampering the recipe. Due to the unique and useful texture-enhancing properties of sorbitol, it has varied applications, including the manufacturing of cosmetics.

Sorbitol is an intermediate product whose demand largely depends on the demand for end products in its application industries. Ample availability of starch sources, such as potato and corn, in India, China, and Brazil is expected to work favorably for its production over the forecast period. In addition, the number of raw material suppliers is expected to increase in China and India due to the growth of the agricultural sector, aided by the low labor costs and growing demand across the world.

Moreover, sorbitol is used in the production of biofuels. Biofuels are naturally derived fuels that are promoted by various organizations such as the European Commission or EPA through the implementation of favorable policies. The growing popularity of biofuels, coupled with the support of government organizations, is expected to result in an increased number of manufacturers over the coming years. The growing research and applications for the same, especially in developed regions like North America and Europe, are expected to drive the demand for sorbitol over the forecast period.

Browse through Grand View Research’s Food Additives & Nutricosmetics Industry Research Reports.

Grape Seed Oil Market – The global grape seed oil market size was valued at USD 473.45 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2026.
Sodium Nitrite Market – The global sodium nitrite market size was valued at USD 385.2 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.

Sorbitol Market Segmentation

Grand View Research has segmented the global sorbitol market on the basis of product, application, end-use, and region:

Sorbitol Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Liquid
- Crystal
Sorbitol Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Oral Care
- Vitamin C
- Diabetic & Dietetic Food & Beverage
- Surfactant
- Others
Sorbitol End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Personal Care
- Chemical
- Food
- Pharmaceuticals
- Others
Sorbitol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Sorbitol market include

American International Foods, Inc.
ADM
Cargill Incorporated
DuPont
Gulshan Polyols Ltd.
Merck KGaA
Ecogreen Oleochemicals GmbH
Qinhuangdao Lihua Starch Co., Ltd.
Roquette Frères
SPI Pharma
Tereos
Ingredion Incorporated
Kasyap Sweeteners, Ltd.

Order a free sample PDF of the Sorbitol Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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