Growth Factors of Sorbitol Market
The Sorbitol market size was valued at USD 1.244 billion in 2018, and the market is now projected tgrow from USD 1.244 billion in 2018 tUSD 2.527 billion by 2032, exhibiting a CAGR of 5.11% during the forecast period of 2019-2030.
The COVID-19 pandemic had a blended effect on the Sorbitol market growth, inflicting disruptions in supply chains and production even as concurrently driving the call for unique quit-use applications. Lockdowns and regulations on motion brought about delays in uncooked cloth delivery, production strategies, and logistics, affecting the overall manufacturing of sorbitol, mainly in regions closely impacted by the pandemic. However, the elevated demand for non-public care, hygiene, and pharmaceutical merchandise, in which sorbitol is used as a key ingredient in products like hand sanitisers, oral care formulations, and liquid medicines, provided full-size boom opportunities for the duration of the pandemic.
A boom in fitness-aware purchasers, an upward push in incidences of diabetes, and a boom in demand for confectionery and processed products are riding the Sorbitol market share. According tWHO, the number of human beings with diabetes has risen from 108 million in 1980 t422 million in 2014. It alsfound out that diabetes prevalence has been rising more unexpectedly in the middle- and coffee-income nations and the equal is projected tpressure the call for sorbitol as it's far used as a discounted-calorie alternative tsugar.
Additionally, Sorbitol is appreciably used in the production of confectionery, baked items, and chocolate as it capabilities as a humectant, moisture-stabilizer, and texturiser. Global chocolate confectionery intake witnessed a CAGR boom of 2% during the length from 2013 t2018, at the same time as the identical nations consisting of India and China witnessed a cumulative increase of 7.Eighty five% in the course of the equal period.
Comprehensive Analysis of Sorbitol Market
The sorbitol market is segmented using form and application. By shape, the liquid sorbitol section dominates the market due tadvancements in manufacturing methods, ease of use, and low production charges, at the same time as crystalline sorbitol is broadly speaking used as a sugar-loose sweetener in products like sugarless gum, candy, strong point foods, and prescribed drugs. By software, the food and beverage phase leads the market, as sorbitol serves as a nutritive sweetener supplying 2.4–2.6 kilocalories per gram complements the organoleptic properties of processed meals through its sweetening, texturising, moisturising, and softening competencies, making it a favoured preference for meal manufacturers and processors.
Asia Pacific dominated the sorbitol market with a marketplace proportion of 48.53 % in 2018. The Asia Pacific sorbitol market is mainly in a worldwide situation because of the presence of China, which harbours one of the most important manufacturing of Vitamin C utilising sizable portions of sorbitol.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include Archer Daniels Midland Company (USA), Cargill, Incorporated (USA), Ingredion Incorporated (USA), Roquette Frères (France), Tereos Starch & Sweeteners s.a.s (France), Pfizer Inc. (USA), SPI Pharma (USA), Lonza Inc. (USA) and Merck KGaA (Germany) these market players provide a level-playing competitive landscape.
In May 2019, Lupin and Aptissen S.A. Entered inta definitive distribution settlement under which Aptissen has granted Lupin the exclusive rights tmarketplace, distribute, and sell the current Aptissen products in Canada.
Segmentation Table
Global Sorbitol Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 5.11% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By Type, application, and Region
By Type
Liquid/Syrupy
Powder/Crystal
By application
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Others
By Region
North America (U.S., Canada, and Mexico)
Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)
Asia Pacific (China, India, Australia, Japan, and Rest of Asia Pacific)
South America (Brazil, Argentina and Rest of South America)
Rest of the Middle East & Africa (South Africa, UAE, and Rest of ME&A)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.3. Production, Trade, and Consumption Patterns of Sorbitol - Analysis and Forecast
- 5. Global Sorbitol Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Liquid/Syrupy
- 5.2.2. Powder/Crystal
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Food & Beverages
- 5.3.2. Personal Care & Cosmetics
- 5.3.3. Pharmaceuticals and Medicinal Formulations
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Geography
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. South America
- 5.4.5. Middle East & Africa
- 6. North America Sorbitol Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Liquid/Syrupy
- 6.2.2. Powder/Crystal
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Food & Beverages
- 6.3.2. Personal Care & Cosmetics
- 6.3.3. Pharmaceuticals and Medicinal Formulations
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Sorbitol Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Liquid/Syrupy
- 7.2.2. Powder/Crystal
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Food & Beverages
- 7.3.2. Personal Care & Cosmetics
- 7.3.3. Pharmaceuticals and Medicinal Formulations
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. Italy
- 7.4.4. Spain
- 7.4.5. U.K.
- 7.4.6. Russia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Sorbitol Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Liquid/Syrupy
- 8.2.2. Powder/Crystal
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Food & Beverages
- 8.3.2. Personal Care & Cosmetics
- 8.3.3. Pharmaceuticals and Medicinal Formulations
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. Rest of Asia Pacific
- 9. South America Sorbitol Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Liquid/Syrupy
- 9.2.2. Powder/Crystal
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Food & Beverages
- 9.3.2. Personal Care & Cosmetics
- 9.3.3. Pharmaceuticals and Medicinal Formulations
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Argentina
- 9.4.3. Rest of South America
- 10. Middle East & Africa Sorbitol Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Liquid/Syrupy
- 10.2.2. Powder/Crystal
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Food & Beverages
- 10.3.2. Personal Care & Cosmetics
- 10.3.3. Pharmaceuticals and Medicinal Formulations
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. South Africa
- 10.4.2. UAE
- 10.4.3. Rest of the Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2017)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis - Major Players
- 11.5. Company Profiles (Overview, Product offerings, SWOT analysis, Recent developments, Strategies, Financials (based on availability))
- 11.5.1. Archer Daniels Midland Company
- 11.5.1.1. Overview,
- 11.5.1.2. Product offerings,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. Strategies,
- 11.5.1.6. Financials (based on availability)
- 11.5.2. Cargill, Incorporated
- 11.5.2.1. Overview,
- 11.5.2.2. Product offerings,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. Strategies,
- 11.5.2.6. Financials (based on availability)
- 11.5.3. Ingredion Incorporated
- 11.5.3.1. Overview,
- 11.5.3.2. Product offerings,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. Strategies,
- 11.5.3.6. Financials (based on availability)
- 11.5.4. Roquette Frères
- 11.5.4.1. Overview,
- 11.5.4.2. Product offerings,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. Strategies,
- 11.5.4.6. Financials (based on availability)
- 11.5.5. Tereos Starch & Sweeteners s.a.s
- 11.5.5.1. Overview,
- 11.5.5.2. Product offerings,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. Strategies,
- 11.5.5.6. Financials (based on availability)
- 11.5.6. Pfizer Inc.
- 11.5.6.1. Overview,
- 11.5.6.2. Product offerings,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. Strategies,
- 11.5.6.6. Financials (based on availability)
- 11.5.7. SPI Pharma
- 11.5.7.1. Overview,
- 11.5.7.2. Product offerings,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. Strategies,
- 11.5.7.6. Financials (based on availability)
- 11.5.8. Lonza Inc.
- 11.5.8.1. Overview,
- 11.5.8.2. Product offerings,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. Strategies,
- 11.5.8.6. Financials (based on availability)
- 11.5.9. Merck KGaA
- 11.5.9.1. Overview,
- 11.5.9.2. Product offerings,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. Strategies,
- 11.5.9.6. Financials (based on availability)
- 11.5.10. Tate & Lyle
- 11.5.10.1. Overview,
- 11.5.10.2. Product offerings,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. Strategies,
- 11.5.10.6. Financials (based on availability)
- 12. Strategic Recommendations
- 13. Appendix "
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