The new report by Expert Market Report titled, ‘North America Sorbitol Market Report and Forecast 2021-2026’, gives an in-depth analysis of the North America sorbitol market, assessing the market based on its segments like applications, and end-uses. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 46 million
- Forecast CAGR (2021-2026):3%
- Forecast Market Size (2026): USD 3 billion
The sorbitol market in North America is being driven by the country's constantly developing food and beverage industry, with customers seeking goods with less or no sugar. Obesity was estimated to affect about 37.7% of the US population in 2017. The government is attempting to discourage people from purchasing high-sugar items in order to combat the rising rate of obesity in the country's population. Wide applications of the polyol in diet sodas and sugar-free juices, and government policies such as the sugary beverage tax or soda tax in major US cities are boosting sorbitol market growth. The sorbitol market is also being propelled forward by the improving economy and the predicted increase in the region's high-income class population. Polyols are expected to rise in unison with the region's projected steady growth in the oral care segment, as they are frequently used as a sweetener in toothpastes. North America is the world's largest cosmetics market, and the industry is likely to continue growing in the next few years, thus increasing the sorbitol market. Consumption of premium and organic cosmetics is increasing as a result of greater disposable income, which benefits the market. Due to its increasing use in the personal care and pharmaceutical industries in the United States, the anticipated growth in the polyol industry will benefit the North American sorbitol market as well.
Industry Definition and Major Segments
Sorbitol, like xylitol and mannitol, is a sugar alcohol classified as a polyol. It is present in a range of foods, including apples and peaches, as well as plants, including seaweed and corn. Chemically, it can be produced by hydrogenating D-glucose to form D-sorbitol. The polyol is available in two forms: liquid and powder. Sorbitol is used as a sweetener, humectant, stabiliser, emulsifier, and softener in household and personal care products. Additionally, it is utilized to keep toothpaste from drying out.
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By end-use, the market is divided into:
- Pharmaceutical
- Toothpaste
- Food and Confectionaries
- Cosmetics and Toiletries
- Industrial Surfactants
- Others
By Application, the industry is categorized into:
- Confectionery
- Bakery
- Frozen Food
- Dietary Supplements
- Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
Market Trends
The United States dominates the sorbitol market in North America and is the second largest producer of sorbitol in the world, behind China. Currently, the polyol is obtained only from corn in the United States. As a result, the sorbitol market in the country is highly dependent on the climate in which corn is farmed. The United States is the world's largest producer of corn, accounting for approximately 36% of global corn production. Between 2017 and 2018, the country produced 371 million metric tonnes of corn. Despite the fact that the feedstock used to produce sorbitol is dependent on the availability of particular feedstocks such as corn, wheat, or cassava, corn continues to be the most widely used feedstock globally. Between 2017 and 2018, global corn production totaled approximately 1,045 million metric tons. Production is expected to expand steadily in the next few years, providing a boost to the global sorbitol sector.
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Key Market Players
The major players in the market are Roquette Frères SA, Cargill, Incorporated, Ingredion, Incorporated, Archer Daniels Midland Company, Tereos Starch Sweeteners, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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The global Sorbitol Market is expected to reach USD 2.18 Billion by 2027.
Sorbitol is used in cosmetics as a humectant as well as a thickening agent, among others.
As a humectant ingredient, it checks the moisture loss by drawing water from the air through osmosis, therefore maintaining both the skin and the hair's moisture level.
Moreover, it gains frequent use in gel products, owing to its capacity to retain moisture.The report discusses in detail the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, product launches and brand promotions, and licensing agreements undertaken by the key players to gain a robust footing in the market.
The Sorbitol market research report also offers a thorough SWOT analysis and Porter’s Five Forces analysis to offer key insights into the company’s progress and position.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2457Key Players:Key participants include America International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont, Merck KGaA, SPI Pharma, Roquette Frères, Tereos Starch & Sweeteners, Ecogreen Oleochemicals Pte.
Ltd., and Gulshan Polyols Ltd., among others.Further key findings from the report suggest:By product type, the liquid sorbitol segment contributed to a larger share in 2019 and is expected to grow at a rate of 6.1% during the forecast period.
