Sorbitol Market Analysis | 2023-2028

Market Insights

The sorbitol market was estimated at USD 1.52 billion in 2022 and is likely to grow at a CAGR of 5.58% during 2023-2028 to reach USD 2.1 billion in 2028.

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Market Dynamics

Introduction

Sorbitol is a sugar alcohol and is identified as a potential key chemical intermediate from biomass resources. It is employed in a number of sectors, including food and beverage, medicines, cosmetics, and personal care, as a sweetener, humectant, sequestrant, texturizer, stabilizer, and bulking agent. It varies according to the application fields, with the food business using it mostly as a preservative, additive, and sweetener; the pharmaceutical sector uses it as a carrier; and the cosmetics industry uses it to stabilize emulsions.

Market Drivers

The major factors driving the growth of the sorbitol market are:

• An increase in health-conscious consumers.
• An increase in diabetes cases.
• A rise in demand for processed foods and sweets.

Diabetes now affects 422 million people worldwide, up from 108 million in 1980, according to the WHO. Additionally, it was discovered that the prevalence of diabetes has been increasing more quickly in middle- and low-income nations, which is expected to increase demand for sorbitol as a lower-calorie substitute for sugar.

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Key Players

The following are the key players in the sorbitol market:

• Archer Daniels Midland Company
• Cargill, Incorporated
• Ingredion Incorporated
• Roquette Frères
• Tereos Starch & Sweeteners SAS
• Pfizer Inc.
• SPI Pharma
• Lonza Inc.
• Merck KGaA
• Tate & Lyle

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

The sorbitol market is segmented into liquid/syrupy and powder/crystal, Liquid form is expected to remain the largest and fastest-growing product type in the market during the forecast period due to improvements in the manufacturing process, simplicity of usage, and low manufacturing costs. A sugar-free sweetener called crystalline sorbitol is largely utilized in the manufacture of sugarless gum, candies, specialty foods, and medications. Demand for sorbitol in its crystalline and liquid forms is anticipated to rise, which will eventually drive the market's expansion.

By Application Type

The market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The food and beverage industry is leading the application of sorbitol, which acts as a nutritive sweetener providing dietary energy. Sorbitol, a nutritive sweetener with 2.4–2.6 kilocalories of nutritional energy per gram, is most commonly used in the food and beverage industry. It is well-known for giving the food products for which it is used a sweet, cold, and pleasant flavor.

Using sorbitol's sweetening, texturizing, moisturizing, and softening properties, food producers and processors are enhancing the overall organoleptic character of processed foods. In addition to being a sweetener, this sugar alcohol also has key functional properties such as humectant action, bodying agent, and crystallization inhibitor. Additionally, xylitol and its derivatives are increasingly used to have synergistic benefits. It is extensively used in flavor concentrates, chewing gum, icings and toppings, beverages, and specialty foods for those with dietary restrictions.

Regional Insights

Asia-Pacific is expected to remain the largest market for sorbitol during the forecast period. One of the main industries using sorbitol in the area is the cosmetics and personal care sector. In the upcoming years, it is anticipated that the global sorbitol market will expand due to its rising application in cosmetics and personal care products. Because it functions as a humectant and emulsion stabilizer, sorbitol poses a serious threat to propylene glycol and glycerin in the cosmetics industry. Additionally, this quality makes it easier to use in creams, shampoos, and conditioners for hair.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s sorbitol market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The sorbitol market is segmented into the following categories:

By Product Type

• Liquid/Syrupy
• Thermoplastic seals

By Application Type

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

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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