The global sorbitol market is estimated to be valued at US$ 1.89 Billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
Sorbitol is a sugar alcohol that is not fully metabolized and absorbed by the body. It is used as a humectant, sweetener, softening agent, thickener and flavoring agent in food and cosmetic products. In the food industry, sorbitol is widely used in chewing gums, hard candies, baked goods, dairy products, chocolate and fruit-based products due to its low sweetness intensity and calorific value. It helps retain moisture in baked goods and extend the shelf life of chewing gums. The growing demand for health-conscious, low-calorie and sugar-free food products is driving the adoption of sorbitol.
The Global sorbitol market is estimated to be valued at US$ 1.89 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Sorbitol Market Demand are 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., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica.
The burgeoning demand for sugar-free and low-calorie food products from health-conscious consumers is a major factor driving the growth of the global sorbitol market. Sorbitol helps food processors develop low-sugar and low-fat baked goods and confectioneries.
Technological advancements have enabled the development of techniques like electromembrane separation which provides high purity sorbitol at lower processing costs. Membrane technology allows continuous sorbitol production using lower temperatures than conventional methods.
Market Trends
- Increased demand from pharmaceutical industry: Sorbitol finds wide application as an excipient in tablets and syrups due to its excellent solubility, stability and sweetening properties. The expanding pharmaceutical sector will propel market growth.
- Growing popularity of organic sorbitol: With rising health awareness, demand for natural products derived without genetically modified organisms or hazardous chemicals is increasing. Manufacturers are offering organic sorbitol.
Market Opportunities
- Use in cosmetic industry: Sorbitol's properties make it suitable for use in creams, lotions and hair care products. Growing demand for natural cosmetics will open new avenues.
- Development of new grades: Innovation towards higher purity sorbitol grades, new flavors and low moisture varieties through advanced techniques like membrane separation can augment market reach.
Impact of COVID-19 on Sorbitol Market Growth
The COVID-19 pandemic has significantly impacted the sorbitol market. During the initial lockdown phases imposed across major economies worldwide, production and supply chain disruptions were witnessed. This led to a decline in demand from major end-use industries such as food and beverages, pharmaceuticals, personal care, and others. However, with rising health awareness among consumers regarding immunity-boosting, the demand for sorbitol from healthcare and pharmaceutical applications increased moderately. Post lockdowns with resumption of economic activities, the market is recovering steadily on account of growing usage across an expanding consumer base. Nevertheless, uneven recovery across regions continues to pose challenges. Manufacturers will need to focus on expanding regional outreach, prioritizing healthcare applications, diversifying product portfolios, and enhancing supply chain resilience to deal with future uncertainties and capture emerging opportunities.
Key Geographical Regions for Sorbitol Market in Terms of Value
Asia Pacific currently dominates the global sorbitol market and accounts for over 40% of the total value. This is majorly attributed to China being the leading producer and consumer of sorbitol. Other Asia Pacific countries including India, Indonesia, Malaysia, Thailand are also contributing significantly driven by a burgeoning population, increasing health awareness, and rising disposable incomes. North America stands at the second position holding over 25% market share led by the United States. Meanwhile, Europe represents around 20% of the global sorbitol demand powered by developed nations such as Germany, the United Kingdom, France, Italy and others. The Latin American region has been witnessing steady growth over the recent years and holds around 10% share. Brazil and Mexico have emerged as key Latin American markets for sorbitol.
Fastest Growing Regional Market for Sorbitol
Africa is anticipated to witness the fastest rise in sorbitol demand over the coming years. Though currently accounting for a meagre share, African countries are offering huge untapped opportunities on the back of growing health, nutrition and personal care industries. Surging urbanization rates, rising incomes, expanding middle-class population coupled with the need for ingredients supporting preventive healthcare are stimulating sorbitol consumption. Additionally, sub-Saharan African nations like Nigeria, South Africa, Kenya, Ethiopia present high-potential markets, whereas North African countries including Egypt and Algeria will continue augmenting demand. Increased collaboration between global market players and African manufacturers is helping drive penetration.
Get more insights on Sorbitol Market
30 January 2020 - The global Sorbitol Market size was 1.96 million tons in 2015.
Rising demand for artificial sweeteners with low-calorie content in food & beverages on account of increasing health awareness is expected to promote industry expansion over the forecast period.Growing demand for sorbitol as a functional ingredient in food & beverage, personal care, pharmaceutical, and chemical manufacturing will augment industry growth over the forecast period.
The increase of the food & beverage sector in China, India, and Brazil on account of growing number of retail stores and supportive regulations to promote investments will create immense market potential.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/sorbitol-marketThe growing usage of artificial sweeteners in pharmaceutical applications including chewing tablets and syrups in the U.S., Germany, France and Japan will promote industry size over the forecast period.
Furthermore, increasing market penetration of artificial sweeteners including stevia, aspartame, mannitol and xylitol in applications including beverage, bakery goods, pharmaceuticals, personal care and chemical industries is expected to pose a challenge for industry expansionProduct InsightsLiquid sorbitol was extensively used and accounted for 82.7% of the global volume in 2015.
Growing applications of the product in the formulation of syrups, solvents, and gels on account of its sweetening effect will propel market growth over the forecast period.
Moreover, its increasing use as an excipient for pan coatings in the healthcare sector as they exhibit excellent solubilizing property will promote demand.Crystal product forms are expected to witness moderate revenue growth owing to high usage in manufacturing mint tablets, chewing gum, polydextrose and other sugar free-foodstuff including dried squid thread, roasted fish fillet, shrimp ball and frozen raw fish.Application InsightsToothpaste is projected to witness volume gains at a CAGR of 3.9% owing to increasing consumption of sorbitol for preventing dental problems including tooth decay and cavity issues.Demand for personal care products was 656.2 kilo tons in 2015.
The global Sorbitol Market is expected to reach USD 2.18 Billion by 2027.
Sorbitol is used in cosmetics as a humectant as well as a thickening agent, among others.
As a humectant ingredient, it checks the moisture loss by drawing water from the air through osmosis, therefore maintaining both the skin and the hair's moisture level.
Moreover, it gains frequent use in gel products, owing to its capacity to retain moisture.The report discusses in detail the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, product launches and brand promotions, and licensing agreements undertaken by the key players to gain a robust footing in the market.
The Sorbitol market research report also offers a thorough SWOT analysis and Porter’s Five Forces analysis to offer key insights into the company’s progress and position.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2457Key Players:Key participants include America International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont, Merck KGaA, SPI Pharma, Roquette Frères, Tereos Starch & Sweeteners, Ecogreen Oleochemicals Pte.
Ltd., and Gulshan Polyols Ltd., among others.Further key findings from the report suggest:By product type, the liquid sorbitol segment contributed to a larger share in 2019 and is expected to grow at a rate of 6.1% during the forecast period.
