Global Sorbitol Market to register $1.59 Bn growth by 2022

Zion Market Research has published a new report titled “Sorbitol Market (Crystal/Powder Sorbitol and Liquid/Syrup Sorbitol) for Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, Chemicals & Other Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global sorbitol market was valued at USD 1.17 billion in 2016, is expected to reach USD 1.59 billion in 2022 and is anticipated to grow at a CAGR of 5.3% between 2017 and 2022.

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Sorbitol is a six-carbon sugar alcohol manufactured from glucose. Sorbitol gradually absorbed from the intestine and helps to digestion in the body particularly for diabetic’s patients. Sorbitol is 50–60% as sweet as sucrose. It is used in baked products, jam, and confectionery suitable for diabetics. Sorbitol is a healthier substitute for sugar and it provides dietary energy because of its nutritive sweetener nature. Sorbitol is available in two forms such as liquid/syrup and crystal/powder. Furthermore, the pace of consumption of sorbitol in food & beverages, personal care applications is expected to be highest during the forecast period. This is due to increasing concerns about health among consumers.

Liquid/Syrup sorbitol is more preferable in multiple applications and led to a huge demand in the year 2016.  The acceptance for liquid sorbitol has increased as an alternative to a sugar in regular consumer products. As a manufacturing process, liquid sorbitol has a lower manufacturing cost than crystal/powder sorbitol. Inconsistent raw material prices and side effects due to immoderate consumption of sorbitol are the restraining factors for the sorbitol market. The rising consumer demand for sugarless healthy foods and concerning about diabetes is expected to boost the sorbitol market. Sorbitol is consumed in various industries such as food and beverages, personal care products, pharmaceuticals and medicines for different applications. Such an increasing application scope for sorbitol has resulted in a high potential for Sorbitol market.  Liquid/syrup sorbitol consumes more than 80% of the market share as compared with crystal/powder sorbitol. Personal care products, food, and beverages are expected to lead global Sorbitol market within the forecast period. Rising concern about diabetic and dietetic population helps to generate awareness about sugar substitute and anxiety about health.

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The global sorbitol market has been segmented into mainly two types as liquid/syrup sorbitol and crystal/powder sorbitol. Liquid/syrup sorbitol is manufactured by multiple processes such as purification of dextrose, hydrogenation, and purification. Crystal/powder sorbitol has made through spray drying method. Liquid/syrup sorbitol has a simple manufacturing process and has a comparatively lower price than crystal/powder sorbitol. Liquid/syrup sorbitol has incorporated a wide application area and higher consumption in the overall sorbitol market than crystal/powder sorbitol market.

The global sorbitol market in 2016 was dominated by Asia Pacific. It accounted for around 54% of the global market share. Conducive Government regulation and increasing Foreign Direct Investment (FDI) for pharmaceuticals and personal care product segments is expected to drive demand in Asia Pacific region. The European and North American regions offer noteworthy growth potential for the Sorbitol market in the coming years, mainly increased use in food and beverages and in personal care applications.

Global sorbitol market is very competitive and fragmented by the presence of many small and big players. Key players profiled in the report include Cargill, Ingredion Incorporated, Tereos Starch & Sweeteners, Archer Daniels Midland, SPI Pharma, Merck Group, Sukhjit Starch & Chemicals Ltd, Gulshan Polyols, Roquette Freres, Other prominent companies include American International foods, Ecogreen Oleo chemicals. The major players are involving to develop their product. The key players are taking active measures to develop their products and expand their production capabilities in near future.

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The report segments the global sorbitol market as

Global Sorbitol Market: Type Analysis

  • Crystal/Powder Sorbitol
  • Liquid/Syrup Sorbitol

Global Sorbitol Market: Application Analysis

  • Food and Beverages
  • Pharmaceuticals
  • Personal care products
  • Chemical
  • Others

Global Sorbitol Market: Regional Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa

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