Sorbitol Market is predicted to reach USD 2.98 billion at a CAGR of 5.12% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Sorbitol Market” that contains information from 2018 to 2030. The Sorbitol Market is estimated to register a CAGR of 5.12% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Sorbitol Market — Archer Daniels Midland Company (US), Cargill Incorporated (US), Roquette Freres (France), Ingredion Incorporated (US), Tereos Starch & Sweeteners (Brazil), Ecogreen Oleochemicals Pte Ltd (Singapore), Gulshan Polyols Ltd. (India), Merck Group (Germany), and SPI Pharma Inc. (UK)
Sorbitol Market Highlights
The global Sorbitol Market is accounted to register a CAGR of 5.12% during the forecast period and is estimated to reach USD 2.98 billion by 2030.
Sorbitol is a sugar alcohol that is commonly used as a sugar substitute in various food and pharmaceutical products. It is derived from glucose and is often used as a sweetener in sugar-free and reduced-calorie products due to its lower calorie content compared to regular sugar. Sorbitol also has some unique properties, such as its ability to retain moisture, which makes it useful in the production of certain food products.
Segment Analysis
The global Sorbitol Market has been segmented based on Function, Form, and Application.
Based on function, the Sorbitol market segmentation includes Sweeteners, Bulking agents, Flavoring agents, humectants, and Others. The includes Sweetener Sorbitol segment held the majority share in 2022 contribution concerning the Sorbitol market revenue. This is primarily owing to the rising prevalence of use in oral care products as it is metabolized at a slower rate than other sugar alcohols, preventing dental problems such as cavities and tooth decay.
Based on form, the Sorbitol market segmentation includes Liquid, Powder. The liquid segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the increasing preference for Liquid Sorbitol as a sugar substitute in the pharmaceutical, food, and beverage industries. The growing demand for low-calorie food caused by the growing number of health-conscious consumers and patients with obesity across the globe is expected to fuel the use of the product in these industries.
The Sorbitol market data has been bifurcated by application into food and beverage, pharmaceutical & healthcare, cosmetics & personal care products, households, bakeries, confectionery & dairy, and many others. It is popularly used in producing chocolates, bakery items, chewing gums, and others in the confectionery segment. Sorbitol finds application in surfactants as detergents, dispersants, emulsifiers, and wetting and foaming agents. Biobased surfactants are witnessing increased utilization in the food processing industry. The surfactant acts as a stabilizing agent for various food products, such as bread, ice cream, and cakes.
Regional Analysis
The global Sorbitol Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North America Sorbitol market accounted for USD 1.8 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to Consumption in both foods as well as non-food industries. It is widely used in oral and dental care products as it helps prevent tooth decay across the Region. Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe's Sorbitol market accounts for the Third-largest market share due to the This is due to the extensive research and development projects relating to using Sorbitol and its ill effects in the long run, as people are readily shifting from artificial sweeteners to organic products. Further, the Germany Sorbitol market held the largest market share, and the UK Sorbitol market was the fastest-growing market in the European Region.
The Asia-Pacific Sorbitol Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to It is growing tremendously throughout the forecasted period. This is due to the high consumption levels of Sorbitol in China, which is used in producing vitamin C. The Indonesian sorbitol market provides a good customer base for organic and natural-based cosmetic products that use key ingredients. Moreover, the China Sorbitol market held the largest market share, and the India Sorbitol market was the fastest-growing market in the Asia-Pacific region.
Key Findings of the Study
- The global Sorbitol Market is expected to reach USD 2.98 billion by 2030, at a CAGR of 5.12% during the forecast period.
- The Asia-Pacific Sorbitol Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to It is growing tremendously throughout the forecasted period. This is due to the high consumption levels of Sorbitol in China, which is used in producing vitamin C.
- Based on function, the Sorbitol market segmentation includes Sweeteners, Bulking agents, Flavoring agents, humectants, and Others. The includes Sweetener Sorbitol segment held the majority share in 2022 contribution concerning the Sorbitol market revenue.
- Archer Daniels Midland Company (US), Cargill Incorporated (US), Roquette Freres (France), Ingredion Incorporated (US), Tereos Starch & Sweeteners (Brazil), Ecogreen Oleochemicals Pte Ltd (Singapore), Gulshan Polyols Ltd. (India), Merck Group (Germany), and SPI Pharma Inc. (UK)
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Companies Covered | 15 |
Pages | 139 |
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