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Sorbitol Market By Product Type (Liquid sorbitol, Crystal sorbitol) By Application (Baking and confectionery, Skin and personal care, Medicated confectionery, Others) By End-use Channel (Food and beverages industry, Consumer goods industry, Pharmaceuticals industry, Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global sorbitol market report explores the critical analysis of the sorbitol industry using major parameters. The report consists of investment strategies, the need for investments in the sorbitol industry, and the several benefits for investors. This report sets out significant changes in the global technical regulations for the Sorbitol industry and how economic and non-economic barriers are helping the sorbitol market growth. Moreover, the report analyses the regional, global, and country-level historic and forecasted market size. The report provides a comprehensive analysis of major investment propositions, demand and supply gap, STAR analysis, competitors positioning, Tornado analysis and SRC analysis. Major technological developments and other analyses include PESTEL analysis, porter's five forces analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Sorbitol Market by Volume

Yes

Sorbitol Market by Value

Yes

Sorbitol Market, Tornado Analysis

Yes

Sorbitol Market, STAR Analysis

Yes

Sorbitol Market, SRC Analysis

Yes

Sorbitol Market Pricing Analysis

Yes (On Demand)

Sorbitol Market Segment Analysis

By Product Type (Liquid sorbitol and Crystal sorbitol)

By Application(Baking and confectionery, Skin and personal care, Medicated confectionery and Others)

By End-use Channel  (Food and beverages industry, Consumer goods industry, Pharmaceuticals industry and Others)

Sorbitol Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Southeast Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

The Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Sorbitol Market Key Companies

Cargill, Incorporated, Ingredion, DuPont de Nemours, Inc., Wilmar International Ltd, The Archer-Daniels-Midland Company (ADM), Roquette Frères, Merck KGaA, Ecogreen Oleochemicals, CHS Inc., Louis Dreyfus Company, Sunar Grup, Tereos, and Nordzucker.

Sorbitol Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the sorbitol market?

  • In 2021, the liquid sorbitol segment accounted for the highest share of the global market due to key ingredients by the food & beverages industry.
  • In 2021, the baking and confectionary segment was anticipated to hold the largest share of the global market due to increasing demand for bakery and confectionary products and consumer eating habits.
  • In 2021, the food and beverages industry segment was anticipated to hold the largest share of the global market. Sorbitol is used as an ingredient in the food and beverages industry to make various processed food products.

Which region dominated the sorbitol market?

In 2021, the Asia Pacific region was expected to have the highest share of the global sorbitol market due to the increasing population, disposable income, and domestic demand for packaged food and consumer products driving the growth in the region. The Asia Pacific region is a major hub for food and beverage products export, and demand for food and beverage products is increasing exponentially with global trade volume. These macroeconomic trends hint at large-scale growth of the FMCG industry, and demand for sorbitol products will accelerate further with overall economic developments across the region.

How is US Market Performing in the sorbitol market?

In 2021, the North American region was anticipated to steady revenue share in the global sorbitol market share. According to U.S. Census Bureau, the median household income was USD 67,521 in 2020. The U.S. and Canada are the leading markets in procuring sorbitol in making food and beverages and pharmaceutical products.

What is the competitive environment of the sorbitol market?

Major players in the market are engaged in strategic alliances to expand their portfolios and gain a robust footing in the market. Some of the major players included in the global market report are Cargill,  DuPont de Nemours, Inc., Incorporated, Ingredion, Roquette Frères, Merck KGaA, Wilmar International Ltd, The Archer-Daniels-Midland Company (ADM), Louis Dreyfus Company, Ecogreen Oleochemicals, CHS Inc., Sunar Grup, Tereos, and Nordzucker.

For instance: in March 2022, Sunar Misir, which is a Turkey-based sweetener and functional ingredients product manufacturing company, launched a product called Sunsorb in its product portfolio. The company has ensured that the product is sugar-free, and it has been specifically designed for manufacturing food & beverage products. The company aims to expand its manufacturing footprint in more regions as global demand for the product increases

Executive Summary

How does sorbitol used in the consumer goods industry?

Sorbitol is expected to register significant growth in the consumer goods industry due to sorbitol offers hydrating and moisturizing skin organic agents. Therefore sorbitol is rapidly adopted in manufacturing fast-moving consumer goods (FMCG) products such as toothpaste, cream, moisturizer, shampoo, and various other products.

Which are the key investments by the sorbitol market players?

Witnessing the growing demand for non-GMO ingredients in the food and beverage, pharmaceutical, and cosmetics industries, manufacturers are increasingly focusing on the production quantity of sorbitol from non-GMO crops. Additionally, manufacturers focus on locally sourcing key raw materials to reduce the transportation costs and environmental footprint of the manufacturing process.

PT Ecogreen Oleochemicals, Gujrat Ambuja Exports, and Gulshan Polyols are some companies that import sorbitol from their overseas manufacturing plants in Turkey and India. These companies are focusing on customizing their products to match the specific requirements of the industrial and food processing players.

Some major players in the Sorbitol market are Cargill, Incorporated, Ingredion, DuPont de Nemours, Inc., Wilmar International Ltd, The Archer-Daniels-Midland Company (ADM), Roquette Frères, Merck KGaA, Ecogreen Oleochemicals, CHS Inc., Louis Dreyfus Company, Sunar Grup, Tereos, and Nordzucker.

What are the major driving factors for the sorbitol market?

Rapid usage of organic sorbitol as a flavoring additive in the food & beverages industry, pharmaceuticals, and personal care products is driving the market growth. Growing population, disposable income, urbanization, and consumer demand for personal care products are generating significant demand for sorbitol. In addition, consumer goods manufacturing companies are adopting sorbitol in natural ingredient-based cosmetics and personal care products by replacing petrochemical-based mono-propylene glycol (MPG). Moreover, several foods and beverage companies use sorbitol to make sugar-free products and promoting diabetes awareness among consumers is another factor driving the market growth.

sorbitol-market

What are the major risks for the sorbitol market?

Cost-effectiveness is one of the biggest challenges in the sorbitol market. Many foods and beverage manufacturers are shifting toward cost-effective alternative sweetener products such as erythritol, xylitol, lactitol, and mannitol for baking and processing food products. These alternative products have the same functionality as sorbitol. As a result, many hotels, restaurants, and cafes (horeca) chains are buying alternative artificial sweeteners to achieve profitability without compromising productivity. Moreover, global price fluctuations of the commodity have further hindered the market's revenue growth.

Which is the key application in the sorbitol market?

During the forecast period, the baking and confectionary segment will hold a major share of the global sorbitol market due to sorbitol products being used as the main ingredient in baking and confectionery. Many food processing companies, as well as hotels, restaurants, and cafes, use sorbitol to make confectionery products such as bread, cakes, jellies, and creams. Sorbitol enhances the preservation of baking and confectionery products from quality deterioration.

How is the sorbitol market performing in regions?

Asia Pacific sorbitol market expected for the largest revenue share in the sorbitol market. The increasing population, rising disposable income, and demand for packaged food and consumer products are driving the growth in the region. The Asia Pacific region is a major hub for food and beverage products export, and demand for food and beverage products is increasing exponentially with global trade volume. These macroeconomic trends hint large-scale growth of the FMCG industry and demand for sorbitol products will accelerate further with overall economic developments across the region. Moreover, several governments in the Asia Pacific region are taking many trade-boosting initiatives to promote export-oriented businesses, significantly creating opportunities across manufacturing industries.

North America accounted for the steady revenue share in the sorbitol market in 2021. Rising demand for personal care and skin care products, change in lifestyle, and rising median household income is driving revenue growth in the region. According to U.S. Census Bureau, the median household income was USD 67,521 in 2020. U.S. and Canada are the leading markets in procuring sorbitol in making food, beverages, and pharmaceutical products. With the presence of leading personal care and pharmaceutical companies such as GSK, Novartis, and Pfizer, the demand for sorbitol products is growing exponentially. Also, many companies are focusing on manufacturing innovative eco-friendly products, which are further expected to drive regional demand.

What is the regulatory landscape for the sorbitol market?

During COVID-19, food regulations authorities have frequently audited the hygiene standards of the food and beverages industry and ensured the highest hygiene and sanitation procedures. Such initiatives have helped companies to comply with the highest hygiene standards during the COVID-19 crisis.

What is the market size of sorbitol regarding value?

The global sorbitol market is anticipated to grow at a significant CAGR of 6.10% in the upcoming years. The global Sorbitol industry was estimated to be worth USD 1458.8 billion in 2021 and was expected to worth USD 2081.0 billion by 2028.

What are the major players planning for the future of the Sorbitol market?

Innovative product launches, joint ventures, mergers and acquisitions, and geographical expansions are major strategies key players adopt in sorbitol. Sorbitol is a promising business investment segment for the companies involved in glucose chemical derivatives production worldwide. Technological advancements in the production process and high demand from the growing end-use industries have attracted most market players to invest in its production. In turn, this will give impetus to the sorbitol market revenue. However, Cargill, ADM, and Roquette Frères are the largest market players, accounting for a major share in the market, and other key players include SPI Pharma Inc., Ingredion Inc., Tereos Starch & Sweeteners s.a.s, Pfizer Inc., SPI Pharma, Lonza Inc., Merck KGaA, Tate & Lyle, and others.

How does COVID-19 impact the global sorbitol market?

Answer- The food and beverages sector has been significantly disrupted during COVID-19. Major buyers of sorbitol, such as hotels, restaurants, and cafes, were closed due to the government-declared lockdown, which created the demand for sorbitol products during the pandemic. Sorbitol products are sourced from natural ingredients such as corn starch, fruits, and the supply of agricultural-based products has been significantly disrupted due to the lockdown. Major industry leaders in the sorbitol market, including Cargill, Archer-Daniels-Midland Company, CHS, and others, faced workforce shortages, raw material shortages, and supply chain delays. Food and beverage industries faced product manufacturing challenges by ensuring food safety, stringent hygiene practices, and frequent sanitation schedules.

Segmentation of the Global Sorbitol Market-

Global Sorbitol Market – By Product Type

  • Liquid sorbitol
  • Crystal sorbitol

Global Sorbitol Market – By Application

  • Baking and confectionery
  • Skin and personal care
  • Medicated confectionery
  • Others

Global Sorbitol Market – By End-use Channel

  • Food and beverages industry
  • Consumer goods industry
  • Pharmaceuticals industry
  • Others

Global Sorbitol Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global sorbitol market

Asia Pacific sorbitol market is expected for the highest revenue share of the global market. The rising number of health-conscious people, with the rising number of consumer markets extending at a high pace, drive the market for sorbitol due to its use widely in various applications, including chocolates, baked goods, and confectionery.

Increasing use of the chocolates and confectionary products due to its textural, non-carcinogenic and moisture-stabilizing properties is expected to boost the overall demand of the market

The liquid sorbitol segment had a major global market share in 2021.

The baking and confectionary segment had a major share in the global market.

Food and beverages industry had a major share in the global market.

Sorbitol Market Scope

Report Attribute Details
Market Value in 2021 USD 1458.8 billion
Market Value in 2028 USD 2081.0 billion
CAGR 6.10 %
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Chemicals
Report ID:   60804
Report Format:   PDF
Pages:   130
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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