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  • Sorbitol Market Growth Analysis | 2023-2028

    Sorbitol Market Growth Analysis | 2023-2028

    Sorbitol Market Growth Analysis | 2023-2028
    Report code - SR2679 Delivery - 2 Weeks
    Sorbitol Market Size, Share, Trends, Forecast, & Growth Analysis - 2023-2028
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    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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    What is sorbitol?

    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.

    Sorbitol Market Report Highlights

    Market Size in 2022

    USD 1.52 billion

    Market Size in 2028

    USD 2.1 billion

    Market Growth (2023-2028)

    5.58% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The growth of the sorbitol market is being driven by an increase in health-conscious consumers, an increase in diabetes cases, and 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.

    Sorbitol-Market-Dynamics

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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

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Liquid/Syrupy and Powder/Crystal

    Liquid form accounts for the majority of the sorbitol market share due to advancements in the production process, ease of use, and low manufacturing costs.

    Application-Type Analysis

    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.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years.

     

    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.

    Sorbitol-Market-Regional-Insights

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    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)

    Sorbitol-Market-Segmentation

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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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Sorbitol Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    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.

    The sorbitol market was estimated at USD 1.52 billion in 2022.

    The sorbitol market is likely to reach USD 2.1 billion in 2028.

    The sorbitol market is estimated to grow at a CAGR of 5.58% by 2028, driven by an increase in health-conscious consumers, an increase in diabetes cases, and a rise in demand for processed foods and sweets.

    Archer Daniels Midland Company, Cargill, Inc., Ingredion, Inc., Roquette Frres, and Tereos Starch & Sweeteners SAS are the leading players in the sorbitol market.

    Asia Pacific is estimated to remain dominant in the market in the foreseeable future. One of the main industries using sorbitol in the area is the cosmetics and personal care sector.

    The food and beverage industry is leading the application segment of the market, which acts as a nutritive sweetener providing dietary energy.

    Liquid form accounts for the majority of the market share due to advancements in the production process, ease of use, and low manufacturing costs.

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