Market Overview:
The sorbitol are widely used in food and beverage, pharmaceuticals, cosmetic and personal care products and other applications. The growing use of sorbitol in the personal care and homecare products is the major factor driving the growth of the market during the forecast years.
The global sorbitol market is spanned across five regions of the world namely, Latin America Asia Pacific, North America, Europe and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to be the fastest growing market, owing to the increasing consumption of sorbitol in the food and beverage, and personal care industry among others. Moreover, the growing GDP and purchasing power in the developing region has augmented the demand for homecare and personal care products which is another factor contributing to the growth of the sorbitol market. In addition to this, the increasing investment by the government in the developing of retail sector has resulted in faster supply of consumer goods in turn adding to the market of sorbitol in the region. The major countries attributing to this growth are China and India. The North American market is expected to show considerable growth during the assessed years. This growth is mainly attributed by the growing adoption of sorbitol in the food and beverage owing to the low calorie content of the product. Moreover, the growing demand of sorbitol from the developed personal care & cosmetics and pharmaceutical industry is also adding to the market growth.
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Global sorbitol market share
Segmentation
The global Sorbitol esters market is segmented into function, type and end-use. On the basis of the form, the market is segregated into liquid form and crystal form. The market by the function is categorized into sweetener, bulking agent, flavoring agent, humectant, and others. The market by end-user is further bifurcated into food and beverage, pharmaceuticals, cosmetic and personal care, chemicals, and others (paper industry, packaging, plastic industry).
Key Players
Some of the prominent players operating in the global Sorbitol market are Roquette Freres (France), Cargill Inc. (U.S.), Tereos Starch & Sweeteners (France), Archer Daniel Midland (U.S.), and Ingredion Inc. (U.S.), Ecogreen Oleochemicals Pte. Ltd (Singapore), Merck Group (Germany), Daisco (japan), Qinhuangdao Lihua Starch Company Ltd (China), Sigma-Aldrich Company (U.S.), Tereos (Belgium) and Gulshan Polyols Ltd (India) among others
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