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 Dynamics

Sorbitol Market Drivers

Consumers' Expanding demand for Organic Sweeteners to Bolster Market Growth

  • 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.
  • The product's growing use in chocolates and confectionery goods is anticipated to increase market demand because of its textural, moisture-stabilizing, and non-carcinogenic qualities. Because of its stability and relative chemical inertness, sorbitol is in high demand since it is easy to include into other food products without altering the original recipe. Due to its distinct and advantageous texture-enhancing qualities, sorbitol has a wide range of uses, including the creation of cosmetics.

Sorbitol Market Restraints

High Cost to Hinder Market Growth

  • Seasonal factors have an effect on the accessibility of sorbitol. Its quality and price change frequently due to the weather. To discover if sorbitol has any adverse effects, research is being done. These are some of the primary obstacles to the Sorbitol market's growth.
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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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