Sorbitol is somewhat sweet/sugar liquor separated from corn syrup and furthermore from apple, pear, prunes and so forth Developing interest of sorbitol in worldwide level market is because of its exceptional nature of improving specialist, lower caloric worth, additive, thickening specialist, humectant and hostile to crystalizing specialist.
In food and drink industry, sorbitol is liked as a substitute to sugar as it has normal improving taste with low caloric worth. Sorbitol additionally utilized in numerous other industry, like individual consideration and drugs.
Global Sorbitol Market - Trends, COVID-19 impact and Growth Forecasts to 2026
ChemIntel360’s global Sorbitol market study is a 130+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications perspective. The industry is expected to grow at a CAGR of 4.2% mainly due to increasing consumption of the chemical for the manufacture of low-calorie food items during the forecast period.
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Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by application (Diabetic & Dietetic Food & Beverages, Oral Care, Vitamin C, Surfactants, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Sorbitol market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$1.3 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Sorbitol Market: Regional segment
On the basis of regional outlook, sorbitol market is segmented in five different regions namely: North America, Latin America, Europe, Asia-Pacific and Middle East and Africa.
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Competitive Landscape
The global sorbitol market is currently dominated by Cargill, Merck, DuPont, Archer Daniels Midland Company, American International Foods Inc., SPI Pharma Inc., etc., altogether accounting for the highest of the market share. Strong brand loyalty for brands like Cargill and DuPont in the emerging countries is the primary reason for these players enjoying a strong foothold in these markets.
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