Sorbitol Market Size – USD 1.38 Billion in 2019, Industrial growth – CAGR of 5.7%, Market Trends – Rising health issues owing to sugar consumption
The global sorbitol market is expected to reach USD 2.18 Billion by 2027. 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.
The surging growth of the food & beverage is playing a significant role in boosting industrial demand. Sorbitol also finds usage in the making of baked goods, confectionery, and chocolate, wherein the manufactured goods tend to harden or become dry owing to their property to retain the product’s moisture content. Its moisture-stabilizing features help maintain the initial freshness of the manufactured goods during storage, thereby increasing their shelf life. Additionally, sorbitol is very stable as it can bear high temperatures. It is compatible with other food ingredients, including sugars, gelling agents, proteins, and vegetable fats, as well as other kinds of sweeteners.
Furthermore, the increasing demand for sorbitol in personal care products is expected to impact industrial growth. It is mostly in toothpaste and mouthwash products as a moistener as well as a binding agent.
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The COVID-19 impact:
COVID-19 is expected to have a moderate impact on the industry. The global production has suffered immensely due to the imposition of lockdown and social restrictions. With most economies, particularly in the Asian region crippled, the industry is projected to witness disruption in the supply chain. COVID-19 can affect the global economy in three main ways: by creating supply chain and market disruption, by directly affecting production and demand, and by its financial impact on firms and financial markets. With the ease of restrictions and government initiatives to start economic activities, countries can hope for the industry’s imminent recovery.
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.
- 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.
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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
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/sorbitol-market
Table of Content:
1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
2. Executive Summary
2.1. Summary Snapshot, 2017 – 2027
3. Indicative Metrics
3.1. Macro indicators
3.1.1. Covid-19 Impact Assessment
3.1.1.1. Impact on Global Trade
3.1.1.2. Shutdown of Factories
3.1.1.3. Shortage of Labor Workforce
3.1.1.4. Sorbitol Market in Covid-19
3.1.1.5. Demand and Supply Scenario
3.1.1.6. Supply Chain Stabilization
3.1.2. Reports and Data Analysis
3.1.2.1. Upcoming Strategies Required to Combat the Current Situation
3.1.2.2. Alternative Availability of Suppliers
3.1.2.3. Customer Mapping
4. Sorbitol Market Segmentation & Impact Analysis
4.1. Sorbitol Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators Analysis
4.2.2. Market Drivers Analysis
4.2.2.1. Rising Consumer Preference for Low-Calorie Food
4.2.2.2. Increasing Health Problems Due to Consumption of Sugar-Based Products
4.2.2.3. Growing Organic Personal Care Market Is Expected to Fuel the Demand of Sorbitol in Cosmetics & Personal Care Products
4.2.3. Market Restraints Analysis
4.2.3.1. Adherence to international Quality Standards and Regulations
4.2.4. Market Opportunities Analysis
4.2.4.1. Growing Demand from Food & Beverage industry in Emerging Markets
4.2.4.2. Fluctuations in Price
…
10. Competitive Landscape
10.1. Market Revenue Share by Manufacturers
10.2. Mergers & Acquisitions
10.3. Market Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
11. Company Profiles
11.1. Roquette Frères
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product insights
11.1.4. Strategic initiatives
11.2. Cargill incorporation
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product insights
11.2.4. Strategic initiatives
11.3. Archer Daniels Midland (ADM)
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product insights
11.3.4. Strategic initiatives
11.4. Ingredion incorporated
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product insights
11.4.4. Strategic initiatives
11.5. Tereos Starch & Sweeteners
11.5.1. Company Overview
Continue…
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