The global sorbitol market size is expected to reach USD 2.49 billion by 2028 according to a new study by Polaris Market Research. The report “Sorbitol Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid Sorbitol, Powder Sorbitol); By End-Use (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals, Others); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is projected to witness growth over the forecast period owing to increasing demand for convenience food, growing concerns regarding health and wellness, and rising application in personal care and cosmetics products. The demand for this industry has also increased on account of growing disposable income of consumers, increasing health concerns, and rising awareness regarding nutrition and fitness. However, the global industry has been impacted by the COVID-19 outbreak due to disruption in supply chain, lockdown, halting of manufacturing activities, and limited availability of raw material and labor.
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Some of the major market participants include : Kasyap Sweetners Ltd., ADM,Associated British Foods Plc, Cargill Incorporation, Ecogreen Oleochemicals, American International Foods Inc., Gulshan Polyols Ltd, Ingredion Incorporated, MOSSELMAN, Roquette Frères, Gujarat Ambuja Exports Ltd., SPI Pharma Inc., Sukhjit Starch & Chemicals Ltd., Tereos SCA, The Archer-Daniels-Midland Company.
Market Insight :
The demand for liquid sorbitol is expected to be high during the forecast period. The growth in the convenience food industry is expected to drive the market in this segment during the forecast period. Liquid sorbitol is used in food products for improved stability, mouthfeel, and increased shelf life. Growing use as an emulsifier, coupled with increasing demand from the cosmetics sector, are factors expected to provide numerous growth opportunities in the coming years.
The end-user industries include food & beverage, cosmetics & personal care, pharmaceuticals, and others. The food and beverage industry uses this ingredient in various products such as dairy, baked goods, and confectionery. Increasing health concerns among adults as well as kids drive the growth of this segment. The demand for sorbitol from the personal care and cosmetics segment has increased over the years. Increasing consciousness towards physical appearance and fitness coupled with hectic lifestyle has increased the demand for in personal care and cosmetics segment.
Regional Analysis :
Asia-Pacific is expected to exhibit significant growth during the forecast period. Rising disposable incomes, population growth, growing use in food products such as dairy and confectionery drives the industry growth in the region. The population in the region is gradually moving from traditional food groups to a range of healthier food options and is willing to spend more on food products offering high nutritional value.
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Polaris Market Research has segmented the sorbitol market report on the basis of form, end-use, and region:
Sorbitol, Form Outlook (Revenue, USD Billion, 2016 – 2028)
- Liquid
- Powder
Sorbitol, End-Use Outlook (Revenue, USD Billion, 2016 – 2028)
- Food & Beverage
- Cosmetics & Personal Care
- Pharmaceuticals
- Others
Sorbitol, Regional Outlook (Revenue, USD Billion, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Austria
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Israel
- UAE
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.
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