Sorbitol Market

Analysis from GMI Research finds that the Sorbitol Market earned revenues of USD 1.25 billion in 2022 and estimated to touch USD 2.08 billion in 2030 will grow at a CAGR of 6.6% from 2023-2030.

Introduction of the Sorbitol Market Report

Sorbitol, also known as D-sorbitol, refers to a type of carbohydrate and is under the category of sugar alcohols called polyols. This water-soluble compound is found naturally in various fruits such as apples, apricots, dates, berries, peaches, and other fruits. It is manufactured from corn syrup for usage in the packaged foods, beverages, and medications.

To have an edge over the competition by knowing the market dynamics and current trends of “Sorbitol Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Increasing adoption of sorbitol in oral care products to prevent dental issues like cavities and tooth decay, owing to its slower metabolism, stands to be a major factor fueling the global sorbitol market. Rising health-conscious consumers and awareness about the harmful effects of sugar on health has inclined consumers towards low-calories food products, driving the market size. In addition, with the rising incidences of diabetes, the use of diabetic and dietic food and beverages have increased. The demand for sorbitol as an alternative of sugar in consumer food products is forecast to propel the Sorbitol Market share. As per the U.S. Department of Health & Human Services, nearly 34.2 million people in the U.S. suffered from diabetes which makes it about 10.5% of the population. Moreover, growing use of sorbitol in food and beverage industry owing to its moisture-stabilizing and textural properties is projected to augment the Sorbitol market growth. The growing prominence of biofuels and strategic government support has encouraged the market growth. However, excessive consumption of sorbitol can result in gastrointestinal problems, which will impede the Sorbitol Market Size.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Product Type – Segment Analysis

Based on the Product Type, the Liquid Sorbitol is expected to grow at a higher CAGR during the forecast period. It is majorly used as an alternative for sugar in the pharmaceutical and food and beverage segment. The growing demand for low-calorie food caused by the rising number of health-conscious consumers as well as patients with obesity all over the globe is expected to fuel the application of the product in these industries. Crystal Sorbitol is widely used as a food additive for producing frozen raw fish, shrimp ball, dried squid thread, polydextrose (soluble dietary fiber), roasted fish fillet, chewing gum, and mint tablets. It is also used in various other frozen aquatic products as well as sugar-free foodstuffs. The increasing demand for application products, primarily in meat products and frozen foods, is expected to boost the sorbitol market size during the forecast period.

Application – Segment Analysis

Based on the Application, the Food & Beverages segment is expected to grow at a higher CAGR during the forecast period. Sorbitol is usually added to food items to induce the sweetness and replace the requirement for refined sugar. In addition to providing sweetness, it also acts as an excellent texturizing and anti-crystallization agent in the production of bakery products and ice cream. It is widely used to increase shelf life and sustain the freshness and color of various confectionery and bakery products. Moreover, it finds application in the production of canned fruit. Rising awareness regarding dietary supplements owing to their nutritional benefits is expected to have a positive impact on the market growth in the near future. In addition, rising concern over low calorie and sugar-free products on account of the increasing rates of diabetes across the globe is expected to be a favorable factor for the growth of the sorbitol market share in the near future.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis

Based on the region, the North-America is projected to dominate the market during the forecast period. Rising concerns among the people regarding the adverse health effects caused due to the degradation of packaged goods, such as bread rolls, frozen desserts, and chocolates, are expected to promote the demand for sorbitol, as it aids in enhancing the shelf life of such products. The market in the U.S. is now identified as saturated, in the case of both natural and artificial sweeteners, hence leading to a slow pace of growth. These factors are responsible for the highly dynamic nature of the food sweetener market in the country.

Top Market Players

Various notable players operating in the market include ADM, Cargill, PT. Ecogreen Oleochemicals, Merck KGaA, Ingredion, Roquette Frères, SPI Pharma, The Sukhjit Starch & Chemicals Ltd., Informa Markets, Kasyap, among others. 

Key Developments:

• • In 2021, Archer Daniels Midland Company, an international leader in nutrition and agricultural origination and processing, acquired Sojaprotein, a leading European vendor of non-GMO soy ingredients in Chicago.
  • In 2021, the bio-industrial business of the British specialty chemical maker Croda was acquired by US-based food processor Cargill for USD 1 billion to expand the production of biobased chemicals in Europe, Asia, and the Netherlands.
  • In 2020, Ingredion signed an agreement with Batory Foods. The arrangement intends to expand Ingredion’s distributor’s presence in Southern California to help food and beverage manufacturers get the essential ingredients required for producing and bringing their products to the market.
  • In 2018, Cargill procured Indonesian Sorbital Sorini for USD 244 million. Sorini, the leading producer and distributor of Sorbitol, operates seven manufacturing facilities located in Indonesia’s East Java and Lampung provinces.

Segments Covered in the Report:

The global Sorbitol market has been segmented on the basis of Product Type, Function, Application, and regions. Based on Product Type, the market is segmented into Liquid Sorbitol and Powder Sorbitol. Based on Function, the market is segmented into Sweetener, Bulking Agent, Flavoring Agent, Humectant and Others. Based on Application, the market is segmented into Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals and Others. 

For detailed scope of the “Sorbitol Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Sorbitol market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Sorbitol market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Sorbitol market?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Product Type during the forecast period?
  • What are the various Function areas of global Sorbitol market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Sorbitol Market by Product Type

• • Liquid Sorbitol
  • Powder Sorbitol

Global Sorbitol Market by Function

• • Sweetener
  • Bulking Agent
  • Flavoring Agent
  • Humectant
  • Others

Global Sorbitol Market by Application

• • Cosmetics & Personal Care
  • Food & Beverages
  • Pharmaceuticals
  • Others

Global Sorbitol Market by Region

• • North America Sorbitol Market (Option 1: As a part of the free 25% customization)

    • By Product Type
    • By Function
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Sorbitol Market (Option 2: As a part of the free 25% customization)

    • By Product Type
    • By Function
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Sorbitol Market (Option 3: As a part of the free 25% customization)

    • By Product Type
    • By Function
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Sorbitol Market (Option 4: As a part of the free 25% customization)

    • By Product Type
    • By Function
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Sorbitol (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ADM
  • Cargill
  • Ecogreen Oleochemicals
  • Merck KGaA
  • Ingredion
  • Roquette Frères
  • SPI Pharma
  • The Sukhjit Starch & Chemicals Ltd.
  • Informa Market
  • Kasyap