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Sorbitol Market Share, Growth 2021-2028 | Industry Analysis Report

Sorbitol Market Analysis Report By Product, By Application, By End-use, By Region And Segment Forecasts From 2021 To 2028

Report ID: MN17613172  |  Published: June 2021  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Food & Beverage  |  Publisher: Grand View Research

Synopsis

With reference to the report published, the global sorbitol market was prized by USD 1.47 billion in 2020. It is estimated to witness a 6.5% CAGR from 2021 to 2028.

Drivers

Due to the growing consumption of nutritional along with diabetic food & beverages, the market for Sorbitol is estimated to observe considerable enlargement, during the forecast period. The increasing demand for the product, in the function of a replacement for sugar in end-user food items, is, moreover anticipated to impel the demand of product during the near future.

In contrast to other sugar alcohols, it is metabolized at a sluggish rate. Hence, it averts dental troubles like tooth decay and cavity. Therefore, Sorbitol is progressively more used in oral care products also. Similar benefits are estimated to push the development of the business, during the forecast period.

US sorbitol market size

Furthermore, the movement of the shifting manufacturing amenities to the Asia Pacific, because of the low down manual labor as well as manufacturing overheads, has caused minimal expenses for Sorbitol. Consequently, it is sourcing the increasing demand from the non-food functions.

The increasing demand from the food & beverage manufacturing sector for nutritive sweeteners is the most important impeller for the development of the market. Endorsement from the U.S. Department of Agriculture (USDA) and FDA for the application of the product in bakery food items and medicines are estimated to, additionally, push the market in the U.S.

Due to its non-carcinogenic, textural, and moisture-stabilizing possessions, the rising utilization of the product in confectionary products and chocolates, are anticipated to surely influence the general demand for the product, in the market.

Besides, Sorbitol is utilized in the manufacturing process of biofuels. The increasing research, along with use for the same, particularly in industrialized regions such as Europe and North America, is estimated to propel the demand for it, throughout the forecast period.

End-Use Insight

The food sector held, above 35.0% revenue share and dominated the global sorbitol market, in 2020. Normally, it is added to foodstuff substances to bring sugariness plus swap the necessity for polished sugar. Besides giving sugariness, it furthermore performs like an exceptional anti-crystallization and texturizing mediator in the manufacturing process of bakery products and ice cream.

It is extensively utilized to enlarge shelf life as well as retain freshness with the shades of diverse bakery and confectionery products.

The widespread utilization of sorbitol in chemical functions is estimated to boost the expansion of the chemical application sector by a 6.6% CAGR, during the forecast period.

Application Insight

In 2020, the diabetic and dietetic food & beverage section held, above 35.0% share of global revenue and dominated the sorbitol market. The globally rising intake of functional foods has caused generating innovative openings for the enlargement of its usage, in the near future.

On the other hand, a slow enhancement in the order for sweeteners, like xylitol and maltitol is likely to cause a threat to the market, because they can be replacing with sorbitol.

Sorbitol gets used in surfactants such as wetting & foaming agents, dispersants, emulsifiers, and detergents. Bio-sourced surfactants are observing augmented use in the foodstuff processing business. The surfactant performs like a stabilizing means for a range of foodstuff products, for example, cakes, ice cream, and bread.

The vitamin C function sector is likely to extend by the maximum development percentage during the forecast period.

Product Insight

The liquid segment held above 77.0% revenue share and dominated the sorbitol market, in 2020. Mainly; the liquid form is utilized as an alternate for the sugar in food & beverage and pharmaceutical manufacturing.

The globally rising demand for the low-calorie foodstuff, attributable to the increasing figure of the fitness mindful clients, in addition to the patients having fatness, is estimated to stimulate the utilize of the product, within the manufacturing of these items.

Crystal sorbitol is extensively consuming like a food preservative for making mint tablets, polydextrose (soluble dietary fiber), roasted fish fillet, frozen raw fish, chewing gum, dried squid thread, and shrimp ball. It is, moreover, utilized in a number of additional frozen marine foodstuffs, in addition to sugar-free products. The increasing insists for the application goods, mainly in frozen and meat foodstuffs, are anticipated to support the expansion of the market, during the forecast period.

Due to its capability to defend against bacteriological degradation as well as preserve moisture, crystal sourced product is, furthermore, used as a humectant in diverse cosmetic goods, like face cream and moisturizers.

Additional functions of crystal sorbitol comprise its exercise like a plasticizer in the manufacture of capsule outer shell plus in the role of stuffing and excipient in the manufacture of pharmaceutical tablets. Therefore, the increasing requirement for cosmetic goods is expected to confirm advantageous for sorbitol demand, during the approaching days.

Regional Insight

In 2020, Asia Pacific held above 55.0% global revenue share and dominated the sorbitol market. Since, it is extensively utilized in a variety of applications, comprising baked products, confectionery, and chocolates, rising fitness aware customers along with a growth in the number of end-user markets, is inspiring the market for Sorbitol, within the region.

Global sorbitol market share

The altering lifestyles of the general community, as well as urban development in rising nations, have, additionally, powered the requirement for the sorbitol, since the end-users are, progressively more, accepting of the product. In the Asia Pacific, it is broadly utilized for non-food functions. For example, Japan is the main importer of merchandise for oral care products manufacturing.

Since, the region contains an entrenched food & beverages industry, which carries on its development, constantly, and get used to the latest elements, sorbitol is entering into the market of Europe, at a greater rate. Meat products are the essential elements for the eating habits of European customers. Processed meat foodstuffs are the mainly utilized food products in Europe.

Europe is largely the synchronized market. It is the biggest market for food & beverages. Due to the function of the product as an alternate for the sugar in sugar sourced foods & beverages, along with the meat products, because sorbitol averts the burning of meat, the market in Europe is anticipated to display, extraordinary prospect for the expansion of the market.

Companies

There is rising demand for non-GMO elements in the cosmetics, food & beverage and pharmaceutical, industries. The manufacturing companies are, gradually more, concentrating on the quantity of sorbitol manufacture, which is acquired from non-GMO crops. Moreover, the companies are concentrating on local supply for the important raw materials, so as to decrease the transport expenses along with ecological traces of the general manufacturing procedure.

Some of the companies for the sorbitol market are:

    • Ingredient Incorporated
    • SPI Pharma
    • Qinhuangdao Lihue Starch Co., Ltd.
    • Merck KGaA
    • DuPont
    • ADM
    • Kasyap Sweeteners, Ltd.
    • Tereos
    • Roquette Frères
    • Ecogreen Oleochemicals GmbH
    • Gulshan Polyols Ltd.
    • Cargill Incorporated
    • American International Foods, Inc.

Report Scope

Report Attribute

Details

The market size value in 2021

USD 1.56 billion

The revenue forecast in 2028

USD 2.44 billion

Growth Rate

CAGR of 6.5% from 2021 to 2028 (Revenue-based)

Market demand in 2021

1,936.9 kilotons

Volume forecast in 2028

2,983.0 kilotons

Growth Rate

CAGR of 6.3% from 2021 to 2028 (Volume-based)

The base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion, volume in kilotons, CAGR from 2021 to 2028

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, end-use, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; China; India; Japan; Australia; Thailand; Brazil; Saudi Arabia

Key companies profiled

Kasyap Sweeteners, Ltd.; Ingredion Incorporated; Tereos; SPI Pharma; Roquette Frères; Qinhuangdao Lihua Starch Co., Ltd.; Ecogreen Oleochemicals GmbH; Merck KGaA; Gulshan Polyols Ltd.; DuPont; Cargill Incorporated; ADM; American International Foods, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs. 


Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global sorbitol market report on the basis of product, application, end-use, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
    • Liquid
    • Crystal

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
    • Oral Care
    • Vitamin C
    • Diabetic & Dietetic Food & Beverage
    • Surfactant
    • Others

• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
    • Personal Care
    • Chemical
    • Food
    • Pharmaceuticals
    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • The Asia Pacific
        • China
        • India
        • Japan
        • Australia
        • Thailand
    • Central & South America (CSA)
        • Brazil
    • Middle East & Africa (MEA)
        • Saudi Arabia

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