Global Sorbitol Market

Sorbitol Market Size, Share, Growth Analysis, By Product(Liquid and Crystal), By Application(Oral Care, Vitamin C, Diabetic & Dietetic Food & Beverage, Surfactant and Others), By End User(Personal Care, Chemical, Food, Pharmaceuticals), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35I2112 | Region: Global | Published Date: July, 2024
Pages: 219 | Tables: 91 | Figures: 77

Sorbitol Market Regional Insights

The Sorbitol Market in Asia-Pacific is anticipated to grow at the fastest CAGR during 2022 to 2030. This is as a consequence of its quick growth over the expected time range. This is a result of China's high intake of sorbitol, a substance used to produce vitamin C. A sizable customer base for cosmetics based with organic and natural components can be found on the Indonesian sorbitol market. Furthermore, the Asia-Pacific region's sorbitol market in China had the largest market share while the market in India grew at the fastest rate.

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. Both the natural and artificial sweetener markets in the United States are now considered to be saturated, which results in a sluggish rate of growth. Mexico has a significant market for items containing natural and artificial sweeteners. The percentage of fat people in the nation is high. The Mexico government's decision to raise the levy on sweetener beverages by 10% demonstrates how serious it is dedicated to lowering sugar consumption. Government measures to raise public awareness of the negative consequences of obesity had a negative impact on sugar consumption during the review period. These elements are to blame for the market for food sweetener in the country becoming so highly competitive.

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Global Sorbitol Market size was valued at USD 2.19 Billion in 2022 and is poised to grow from USD 2.29 Billion in 2023 to USD 3.25 Billion by 2031, at a CAGR of 4.47% during the forecast period (2024-2031).

The increased demand for non-GMO products in the food and beverage, pharmaceutical, and cosmetics industries has led manufacturers to focus more on the volume of sorbitol produced from non-GMO crops. Also, companies are concentrating on local sourcing of critical raw materials in order to reduce transportation costs and the overall environmental impact of the production process. 'Archer Daniels Midland Company', 'Cargill, Incorporated', 'Roquette Frères', 'Ingredion Incorporated', 'Tereos', 'SPI Pharma', 'Gulshan Polyols Ltd.', 'Merck KGaA', 'Kasyap Sweeteners Ltd.', 'Shandong Lujian Biological Technology Co. Ltd.', 'PT Sorini Agro Asia Corporindo Tbk', 'Ecogreen Oleochemicals', 'Sukhjit Starch & Chemicals Ltd.', 'Danisco A/S (DuPont Nutrition & Health)', 'Sigma-Aldrich Co. LLC.', 'Sorini Agro Asia Corporindo Tbk', 'Zhongshun Science & Technology Development Co., Ltd.', 'Luwei Pharmacy Co., Ltd.', 'TCI Chemicals (India) Pvt. Ltd.', 'Hangzhou Regin Biotech Co., Ltd.', 'Others.'

The market for sorbitol is primarily driven by the growing knowledge of the harmful effects of processed and artificial sugar on health. A growing number of people regularly use natural or organic sweeteners. The demand for Sorbitol is rising along with the desire for low-calorie foods.

In emerging economies, a shift in consumer preferences towards convenience is fueling the demand for artificial sweeteners like sorbitol. This preference shift is primarily being driven by urbanization, an increase in the proportion of women in the workforce, and rising household incomes, among other factors. In the creation of chocolate, baked goods, and confectionery, sorbitol is mostly used as a sweetener or moisture stabilizer. As it stabilizes moisture, sorbitol is a better choice for products that dry or harden quickly since it keeps them fresh during storage. Health issues including heart disease and other ailments are a major concern in developing countries. The demand for artificial sweeteners, one of the newest non-caloric food sweeteners that is 600 times sweeter than sugar, is probably driven by this.

The Sorbitol Market in Asia-Pacific is anticipated to grow at the fastest CAGR during 2022 to 2030. This is as a consequence of its quick growth over the expected time range. This is a result of China's high intake of sorbitol, a substance used to produce vitamin C. A sizable customer base for cosmetics based with organic and natural components can be found on the Indonesian sorbitol market. Furthermore, the Asia-Pacific region's sorbitol market in China had the largest market share while the market in India grew at the fastest rate.

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Global Sorbitol Market

Report ID: SQMIG35I2112

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