Report ID: SQMIG35I2112
Report ID:
SQMIG35I2112 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|
Tables:
91 |
Figures:
77
As per sorbitol market outlook, the North America region is dominating. Increased awareness among North American consumers of the harmful health effects resulting from the deterioration of packaged foods such frozen desserts, chocolates, and bread rolls is anticipated to encourage the use of sorbitol, which extends the shelf life of these commodities. North America plays a significant role in the sorbitol market, driven by high consumer awareness of health and wellness trends, particularly regarding sugar reduction and low-calorie diets. The region is a key market for sugar-free and diabetic-friendly products, where sorbitol is extensively used in food, beverages, and oral care products. The sorbitol market in Asia-Pacific is anticipated to grow at the fastest CAGR during 2024 to 2031. This is as a consequence of its quick growth over the expected forecast period. The Asia-Pacific region is the fastest-growing market for sorbitol, driven by factors such as expanding industrial activity, increasing health awareness, and the growing food and beverage industry in countries like China, India, and Japan. The region grows the market due to its robust manufacturing base, availability of raw materials, and cost-effective production processes. Rising disposable incomes and urbanization have also fueled demand for sugar substitutes in packaged foods, beverages, and personal care products.
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Report ID: SQMIG35I2112