The new report by Expert Market Research titled, ‘Global Sorbitol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global sorbitol market, assessing the market based on its segments like form, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): 2.5 Million Metric Tons
• Forecast CAGR (2020-2025): 1.5%
• Forecast Market Size (2025): 2.7 Million Metric Tons
The global sorbitol market is driven by the rising occurrence of health problems caused by sugar products, such as diabetes and obesity. The rising health awareness, growing demand for sugar substitutes, and favourable government policies are aiding the market growth further. The growing expansion of the middle-class population and increased urbanisation, combined with the increasing demand from the Asia Pacific region and increasing demand from the cosmetics and personal care industry, are also propelling the market forward.
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Industry Definition and Major Segments
Sorbitol refers to a six-carbon sugar alcohol or a polyol, which is found in plants naturally. It can also be synthetically obtained via the catalytic hydrogenation of D-glucose. It is widely used in toothpaste and other oral care products due to its non-cariogenic and sweetening properties. It also finds uses in beverages, ice-creams, jams, syrups, candies, jellies, and other food products.
The industry can be broadly categorised on the basis of its form into:
On the basis of application, the industry is divided into:
• Food and Beverages
• Cosmetics and Toiletries
• Industrial Surfactants
The regional markets of sorbitol include:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The Asia Pacific remained the largest region for the sorbitol industry in the historical period and is expected to maintain its position in the forecast period due to favourable government policies and increasing FDI flows into the pharmaceutical and personal care firms in India and China. In the coming years, the market is expected to witness a healthy growth in economies such as India, Thailand, and Indonesia. The market in North America and Europe is also expected to exhibit steady growth in the forecast years due to the growing home and personal care and food and beverage industries in the region. Inconsistencies in prices and supply of raw materials, side-effects due to over-consumption of sorbitol, and varying regulations are factors that may hinder the growth of the sorbitol industry.
Key Market Players
The major players in the market are Roquette Frères, Cargill, Ingredion Incorporated (NYSE: INGR), ADM (NYSE: ADM), and Merck KGaA (ETR: MRK), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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