The global Sorbitol Market is expected to reach USD 2,290.5 Million by 2028. Increasing inclination towards organic cosmetic products is anticipated to drive industrial growth. 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. It is used widely in cosmetics as a thickening agent due to its ability to give favored features such as consistency, viscosity, or adhesion to the products.
Sorbitol is a beneficial ingredient in dietary foods and beverages, as it is an adequate substitute for sugar owing to its low-calorie content. The rising health consciousness among people is expected to drive the growth of this industry. Sorbitol is also used in applications of the pharmaceutical sector as a sugar substitute, as well as in cosmetics as a humectant ingredient. The increasing concerns regarding the adverse health effects caused by the degradation of packaged goods such as bread rolls, frozen desserts, and chocolates are expected to promote sorbitol usage. It helps enhance the shelf life of such products.
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Key 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. The high market demand for liquid sorbitol is due to its increasing demand as a sweetener in the food beverage and pharmaceutical industries. Besides, economical manufacturing cost and easiness of use of this product type are responsible for its high sectoral share.
- By application, direct application held the largest market share in 2019 and is projected to grow at a 5.1% rate during the forecast period.
- By End Use, the food beverage industry dominated the industry in 2019 and is forecasted to experience a growth rate of 5.4% in the period. Sorbitol also finds great application in the food beverage industry as a sweetener, humectant, and bulking agent, among others.
- The North American region accounted for the second-largest market share in 2019 and is forecasted to grow at a rate of 5.0% in the forecast period. The demand for sorbitol in North America is attributed to the growing awareness about the dietary supplements and their nutritional advantages amongst the consumer in the region.
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Market Segmentation:
Product Outlook (Revenue, USD Million; 2017-2027 Volume, Kilo Tons; 2017-2027)
- Liquid/ Syrup
- Powder/ Crystal
Function Outlook (Revenue, USD Million; 2017-2027 Volume, Kilo Tons; 2017-2027)
- Sweetener
- Bulking Agent
- Flavouring Agent
- Humectant
- Others
Application Outlook (Revenue, USD Million; 2017-2027 Volume, Kilo Tons; 2017-2027)
- Direct Application
- Indirect Application
End Use Outlook (Revenue, USD Million; 2017-2027 Volume, Kilo Tons; 2017-2027)
- Personal care
- Oral Care
- Toothpastes
- Chewing Gums
- Mouth Fresheners
- Skin Care
- Hair Care
- Colour Cosmetics
- Others
- Chemical
- Surfactants
- Ascorbic Acid (Vitamin C)
- Polyether
- Others
- Food Beverages
- Bakery Products
- Breads
- Cakes
- Biscuits Cookies
- Confectionery Products
- Jams Preserves
- Chocolates
- Processed Food
- Dairy Frozen Dessert
- Diabetic Dietetic Food
- Beverages
- Diet Soda
- Fruit Juices Syrups
- Others
- Pharmaceutical
- Counter Medicine
- Syrups
- Tablets
- Direct Compression
- Wet and Dry Granulation
- Capsules and Sachets
- Creams and Emulsions
- Medicated Confectionery
- Hard Boiled Candies/Lozenges
- Medicated Chewing Gums
- Others
Regional Outlook (Revenue, USD Million; 2017-2027 Volume, Kilo Tons; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East Africa
- Saudi Arabia
- Latin America
- Brazil
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Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Sorbitol market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
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