Sorbitol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global sorbitol market size reached 2.7 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.9 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.1% during 2023-2028.
Sorbitol, also known as glucitol, is a white and odorless crystalline powder with approximately 50-60% of the sweetness of sucrose. It is found in nature with relatively high concentrations in apples, peaches, plums, pears and apricots. Sorbitol is a non-volatile, non-flammable and non-corrosive polyol, which is chemically inert and compatible with excipients. It is produced commercially by electrolytic reduction of glucose and corn syrup. Owing to these chemical and physical characteristics, sorbitol is widely employed in the production of toothpaste, toiletries, cosmetics, confectionaries, sweets, frozen desserts, biscuits, ascorbic acid, industrial surfactants, pharmaceuticals and healthcare products.
Sorbitol Market Trends:
According to the International Diabetes Federation, approximately 463 million adults were living with diabetes in 2019. As a result of the growing prevalence of the condition, the demand for artificial sweeteners, such as sorbitol, has increased in the production of diabetic foods. Besides this, owing to its various functional properties, sorbitol is utilized in diverse industries as a humectant, sweetener, bulking agent, stabilizer, softener and emulsifier. For instance, in the food industry, it is added to prevent the food from drying and aging and to extend the shelf-life of products as well as effectively prevent the precipitation of sugar. On the other hand, sorbitol is used as an excipient and diluent in tablet formulations, which are prepared either by wet granulation or direct compression.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sorbitol market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, application and feedstock.
Breakup by Type:
Liquid
Powder
Liquid sorbitol currently holds the largest market share due to its ability to bind water molecules and stabilize the mass in various personal care products, cosmetics, and foods and beverages.
Breakup by Application:
Cosmetics and Toiletries
Food and Beverage
Pharmaceuticals
Toothpaste
Industrial Surfactants
Others
On the basis of the application, pharmaceuticals represent the leading segment as the majority of sorbitol in this sector is used in the manufacturing of ascorbic acid for vitamin C tablets.
Breakup by Feedstock:
Corn
Wheat
Cassava
Others
Corn is currently the most popular feedstock and accounts for the entire sorbitol production in the US and the majority of the production in China, Europe and India.
Regional Insights:
China
United States
Europe
Indonesia
India
On the geographical front, China exhibits a clear dominance in the market since the country accounts for around 90% of the global Vitamin C production.
Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete with each other in terms of prices and quality.
Key Questions Answered in This Report:
What was the size of the global sorbitol market in 2022?
What is the expected growth rate of the global sorbitol market during 2023-2028?
What are the key factors driving the global sorbitol market?
What has been the impact of COVID-19 on the global sorbitol market?
What is the breakup of the global sorbitol market based on the type?
What is the breakup of the global sorbitol market based on the application?
What is the breakup of the global sorbitol market based on the feedstock?
What are the key regions in the global sorbitol market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Sorbitol Industry: Market Landscape
- 5.1 Market Trends
- 5.1.1 Production Capacity
- 5.1.2 Consumption
- 5.1.3 Prices
- 5.2 Imports/Exports
- 5.3 Impact of COVID-19
- 5.4 Price Analysis
- 5.4.1 Key Price Indicators
- 5.4.2 Price Structure
- 5.4.3 Price Trends
- 5.5 Market Forecast
- 5.5.1 Production Capacity
- 5.5.2 Consumption
- 5.5.3 Prices
- 6 Sorbitol Market Breakup by Application
- 6.1 Cosmetics and Toiletries
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Food and Beverage
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Pharmaceuticals
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Toothpaste
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Industrial Surfactants
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 7 Sorbitol Market Breakup by Type
- 7.1 Liquid Sorbitol
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Powder Sorbitol
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Sorbitol Market Breakup by Feedstock
- 8.1 Corn
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Wheat
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Cassava
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Global Sorbitol Industry: Regional Analysis
- 9.1 Production Capacity by Region
- 9.2 Production by Region
- 9.3 Consumption by Region
- 9.4 Analysis of Key Regions
- 9.4.1 China
- 9.4.1.1 Sorbitol Production Capacity and Production
- 9.4.1.2 Sorbitol Consumption
- 9.4.1.3 Sorbitol Production Statistics from Various Feedstocks
- 9.4.1.4 Historical and Future Price Trends of Various Feedstocks
- 9.4.1.5 Historical and Future Cost of Manufacturing Sorbitol from Various Feedstocks
- 9.4.1.6 Competitive Landscape
- 9.4.2 United States
- 9.4.2.1 Sorbitol Production Capacity and Production
- 9.4.2.2 Sorbitol Consumption
- 9.4.2.3 Sorbitol Production Statistics from Various Feedstocks
- 9.4.2.4 Historical and Future Price Trends of Various Feedstocks
- 9.4.2.5 Historical and Future Cost of Manufacturing Sorbitol from Various Feedstocks
- 9.4.2.6 Competitive Landscape
- 9.4.3 Europe
- 9.4.3.1 Sorbitol Production Capacity and Production
- 9.4.3.2 Sorbitol Consumption
- 9.4.3.3 Sorbitol Production Statistics from Various Feedstocks
- 9.4.3.4 Historical and Future Price Trends of Various Feedstocks
- 9.4.3.5 Historical and Future Cost of Manufacturing Sorbitol from Various Feedstocks
- 9.4.3.6 Competitive Landscape
- 9.4.4 Indonesia
- 9.4.4.1 Sorbitol Production Capacity and Production
- 9.4.4.2 Sorbitol Consumption
- 9.4.4.3 Sorbitol Production Statistics from Various Feedstocks
- 9.4.4.4 Historical and Future Price Trends of Various Feedstocks
- 9.4.4.5 Historical and Future Cost of Manufacturing Sorbitol from Various Feedstocks
- 9.4.4.6 Competitive Landscape
- 9.4.5 India
- 9.4.5.1 Sorbitol Production Capacity and Production
- 9.4.5.2 Sorbitol Consumption
- 9.4.5.3 Sorbitol Production Statistics from Various Feedstocks
- 9.4.5.4 Historical and Future Price Trends of Various Feedstocks
- 9.4.5.5 Historical and Future Cost of Manufacturing Sorbitol from Various Feedstocks
- 9.4.5.6 Competitive Landscape
- 10 Global Sorbitol Market: Value Chain
- 11 Global Sorbitol Market: Margin Analysis
- 11.1 Farmers Margins
- 11.2 Collectors Margins
- 11.3 Starch Manufacturer Margins
- 11.4 Sorbitol Manufacturer Margins
- 11.5 Distributor Margins
- 11.6 Exporters Margins
- 12 Global Sorbitol Market: SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Global Sorbitol Market: Porter’s Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Rivalry
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Competitive Landscape
- 14.1 Competitive Structure
- 14.2 Market Breakup by Key Players
- 15 Sorbitol Market: Feedstock and Manufacturing Analysis
- 15.1 Corn
- 15.1.1 Production Trends
- 15.1.2 Sorbitol Manufacturing from Corn
- 15.1.2.1 Manufacturing Process
- 15.1.2.2 Process Flow
- 15.1.2.3 Mass Balance and Feedstock Requirements
- 15.1.2.4 Land and Construction Requirements
- 15.1.2.5 Machinery Requirements
- 15.1.2.6 Machinery Suppliers
- 15.1.2.7 Utility Requirements
- 15.1.2.8 Manpower Requirements
- 15.1.2.9 Capital Costs
- 15.1.2.10 Raw Material Costs
- 15.1.2.11 Final Product and By-Product Prices
- 15.1.2.12 Total Cost per Ton
- 15.2 Cassava
- 15.2.1 Production Trends
- 15.2.2 Sorbitol Manufacturing from Cassava
- 15.2.2.1 Manufacturing Process
- 15.2.2.2 Process Flow
- 15.2.2.3 Mass Balance and Feedstock Requirements
- 15.2.2.4 Land and Construction Requirements
- 15.2.2.5 Machinery Requirements
- 15.2.2.6 Machinery Suppliers
- 15.2.2.7 Utility Requirements
- 15.2.2.8 Manpower Requirements
- 15.2.2.9 Capital Costs
- 15.2.2.10 Raw Material Costs
- 15.2.2.11 Final Product and By-Product Prices
- 15.2.2.12 Total Cost per Ton
- 15.3 Corn Starch
- 15.3.1 Sorbitol Manufacturing from Corn Starch
- 15.3.1.1 Manufacturing Process
- 15.3.1.2 Process Flow
- 15.3.1.3 Mass Balance and Feedstock Requirements
- 15.3.1.4 Specifications of Corn Starch and Sorbitol
- 15.3.1.5 Land and Construction Requirements
- 15.3.1.6 Machinery Requirements
- 15.3.1.7 Machinery Suppliers
- 15.3.1.8 Major Distributors
- 15.3.1.9 Utility Requirements
- 15.3.1.10 Manpower Requirements
- 15.3.1.11 Capital Costs
- 15.3.1.12 Raw Material Costs
- 15.3.1.13 Final Product Prices
- 15.3.1.14 Total Cost per Ton
- 16 Key Player Profiles
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