Sorbitol Market is Expected to Grow at a CAGR of 5.50% by 2030

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Sorbitol Market is Expected to Grow at a CAGR of
5.50 by 2030
According to ChemAnalyst report, Sorbitol Market
Analysis Plant Capacity, Production, Operating
Efficiency, Demand Supply, End Use,
Distribution Channel, Region, Competition,
Trade, Customer Price Intelligence Market
Analysis, 2015-2030, The Sorbitol market has
witnessed significant growth as it reached 550
thousand tonnes in 2020 and is anticipated to
achieve an impressive CAGR of 5.50 during the
forecast period until 2030. Continuously growing
demand for diabetic and diet foods as it is
widely used as a reduced-calorie alternative to
sugar by the major end-use industry i.e., food
and beverages are likely to boost the market
around the world within the next ten years. The
production of Sorbitol is highly associated with
the safety standards on human health before it
can be introduced in the market, which further
enhances the standard compliance.
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Read Full Report Here https//www.chemanalyst.com
/industry-report/sorbitol- market-647 Sorbitol
also known as D-Sorbitol, or D-glucitol is a form
of carbohydrate that falls under the category of
sugar alcohols called polyols. Sorbitol is
generally produced via a glucose reduction
reaction in which the aldehyde group is converted
into a hydroxyl group in the presence of a
catalyst called aldose reductase. Sorbitol is
extensively utilized as a sweetener, humectant,
additive, texturizer, stabilizer, and a bulking
agent in pharmaceutical, food, cosmetics, paper,
leather, and other industries. It is also used
as a feedstock for various chemicals including
vitamin C, surfactants, resins, etc. According
to the U.S. Food and Drug Administration (FDA),
European Union, and World Health Organization
(WHO), the consumption of Sorbitol is reviewed
and recognized as safe, as well as potentially
support digestive and oral health. Global
Sorbitol Market is segmented on the basis of
type, application, sales channel, and region.
Based on type, there are two types of Sorbitol
available in the market including liquid and
powder. The powder/crystalline form of Sorbitol
is primarily used in specialty foods, sweets,
frozen fish and meat products, and
pharmaceuticals. Whereas the liquid form of
Sorbitol finds its applications in
Pharmaceuticals and cosmetic emulsions. The
liquid segment dominates the Sorbitol market
across the globe due to its high demand for
numerous applications. Read Free Request Sample
Online https//www.chemanalyst.com/ChemAnalyst/R
equestForm On the basis of applications, the
market is segregated into pharmaceuticals,
personal care cosmetics, food beverages, and
others. Among these, a plethora of applications
in the food and beverage industry dominates the
Sorbitol market across the globe. Continuously
growing demand for Sorbitol in the pharmaceutical
industry, as it is widely utilized as a laxative
and helps to combat constipation and is expected
to bolster the Sorbitol market in coming years.
The rising number of diabetic patients and
health-conscious consumers are propelling the
demand for
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Sorbitol as it is widely used in the food and
confectionary items as a reduced-calorie
alternative to sugar and is likely to boost the
Sorbitol market globally in the next few years.
Continuously growing demand for Sorbitol due to
its numerous applications in end-use industries
is driving the sorbitol market across the globe.
Due to the unique properties of Sorbitol, it can
be easily incorporated with other food products
without altering the recipe and is anticipated to
accelerate the overall demand for Sorbitol by
the cosmetic and pharmaceutical industry around
the world. The surging demand for Sorbitol for
the manufacturing of a wide range of cosmetic
and skincare products like lotions, moisturizers,
aftershave creams, shampoos, etc. it serves as a
humectant and prevents moisture loss from skin
and hair, is likely to boost the Sorbitol market
over the next few years. In 2016 during December,
Cargill, Incorporated U.S, a key player
introduced an innovation center in China named
Cargill ONE to produce animal protein,
sweeteners, cocoa, edible oils, and starches,
which mainly focused on new flavors and
innovative food products in China. On the onset
of COVID-19 in 2020, leading authorities in
emerging countries imposed countrywide lockdowns
and strict social distancing norms which led to
the unprecedented decline in demand and sales of
Sorbitol in the first half of 2020. However,
there was not much effect of the pandemic on the
overall Sorbitol industry as there was a surge
in the demand for sorbitol in the pharmaceutical,
food beverages, and personal care industries.
As soon as the lockdown restrictions are
uplifted, the market of sorbitol is expected to
boost by the end of the year. Region-wise, the
Asia Pacific region holds the major share in the
Sorbitol market across the globe owing to the
rapidly increasing demand for Sorbitol by the
end- use industries including cosmetics, food
and beverages, personal care, and others
especially in emerging countries such as China
and India. Continuously increasing demand for
sorbitol for the manufacturing of cosmetics and
personal care products is likely to bolster the
Sorbitol market across the globe. Rising
awareness for diet and low-calorie food further
propelling the demand for sorbitol around the
world.
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Sorbitol Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, Application, End Use, Distribution
Channel, Region, Competition, Trade, Customer
Price Intelligence Market Analysis, 2015-2030,
some of the major players operating in Sorbitol
market include American International Foods,
Inc., ADM, Cargill, Incorporated., DuPont,
Gulshan Polyols Ltd., Merck KGaA, Kasyap
Sweeteners, Qinhuangdao Lihua Starch Co., Ltd.,
Roquette Frères, SPI Pharma, Ecogreen
Oleochemicals GmbH, Tereos, Ingredion
Incorporated, Ltd., Tate Lyle, Pfizer Inc., and
Others. The growing demand for Sorbitol from the
major end-use industries including cosmetics,
pharmaceuticals, food and beverages, and others
to manufacture a wide range of products is
likely to accelerate the Sorbitol market across
the globe within the next few years. Rising
awareness regarding low-calorie diet food in
several countries is propelling the demand for
Sorbitol globally. The rising number of diabetic
patients around the world is likely to drive the
demand for Sorbitol in upcoming years. Growing
demand from the pharmaceutical industry will
further augment the Sorbitol market in the
future. said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based
management consulting firm promoting ChemAnalyst
worldwide.
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Report Scope In this report, Sorbitol market
has been segmented into following categories, in
addition to the industry trends which have also
been detailed below
Attribute Details
Market size volume in 2020 550 thousand tonnes
Growth Rate CAGR of 5.50 from 2021 to 2030
Base year for estimation 2020
Historic Data 2015 2019
Forecast period 2021 2030
Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered Application (Pharmaceuticals, Food Beverages, Personal Care Cosmetics, and Others) Type (Liquid and Powder) Sales Channel (Direct Company Sale, Direct Import, Distributors Traders)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled American International Foods, Inc., ADM, Cargill, Incorporated., DuPont, Gulshan Polyols Ltd., Merck KGaA, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frères, SPI Pharma, Ecogreen Oleochemicals GmbH, Tereos, Ingredion Incorporated, Kasyap Sweeteners, Ltd., Tate Lyle, Pfizer Inc., and Others.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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