Sorbitol is a sugar alcohol widely used as a sweetener and humectant in various food and personal care products. It is used in food products like chewing gums, hard candies, frostings, fondants, and peanut butter as a humectant and texture enhancer. It provides mouthfeel to products similar to sucrose while being non-cariogenic.
Sorbitol also finds applications as a humectant in personal care products like lip balm, hand creams, and moisturizers to retain moisture in skin and hair. There has been significant growth in the food and beverage industry globally, which has augmented the demand for sorbitol. Changing consumer preferences towards low calorie and sugar-free products have further propelled the adoption of sorbitol as a sweetener.
The global Sorbitol Market is estimated to be valued at US$ 1.89 billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031. The substantial growth of the confectionary industry, coupled with rising health consciousness among consumers, have translated into growing Sorbitol Market Demand for low-calorie sweeteners such as sorbitol.
The versatile functional properties of sorbitol such as humectancy, texture enhancement, and sweetness make it suitable for a variety of food applications. Key players operating in the Sorbitol Market are American International Foods, Inc., ADM, Cargill Incorporated, DuPont, Gulshan Polyols Ltd., Merck KGaA, Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frères, SPI Pharma, Tereos, Ingredion Incorporated, Kasyap Sweeteners, Ltd., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica.
Key Takeaways
Sorbitol Market Companies are American International Foods, Inc., ADM, Cargill Incorporated, DuPont, Gulshan Polyols Ltd., Merck KGaA, Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frères, SPI Pharma, Tereos, Ingredion Incorporated, Kasyap Sweeteners, Ltd., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica. These players are focusing on capacity expansion plans and strategic mergers & acquisitions to strengthen their market position. For instance, in 2021, DuPont completed the acquisition of LBFort, a Chinese maker of natural sweeteners.
The key opportunities in the Sorbitol Market include growing demand for low-calorie and sugar-free food & beverage products, increasing sales of diabetic and sugar-free confectionaries, and rising demand for sorbitol as a humectant in personal care and pharmaceutical applications. The market players are also exploring opportunities in new geographies to leverage the increasing consumption of packaged food products in emerging economies.
The market players are adopting global expansion strategies to expand in high-growth regions. For instance, Gulshan Polyols established a new production facility in the UAE in 2022 to expand its footprint in the Middle East. Similarly, Roquette inaugurated a new sorbitol production unit in China in 2021 to meet the growing demand in Asia Pacific. However, shifting consumer preferences toward natural sweeteners and stringent regulations on sugar substitutes pose challenges for the market.
Market Drivers
Changing consumer preferences towards healthier food options: There has been increasing demand for low sugar and sugar-free products, which has augmented the adoption of alternatives like sorbitol. The health benefits of sorbitol such as low calorific value, no cariogenic effects further support its demand.
Growth of the bakery, confectionery and packaged foods industry: The substantial expansion of application industries such as bakery, confectionery and packaged food products has stimulated the demand for sorbitol as a sweetener and texture enhancer.
Segment Analysis
The Sorbitol Market is segmented by form, end-use industry, and region. Based on form, the crystal/powder sub-segment dominates the market due to high preference of crystal/powder form sorbitol among various end-use industries. Sorbitol in crystal/powder form provides better handling and prevents from stickiness.
Global Analysis
The Asia Pacific region dominates the Sorbitol Market owing to growing demand from various end-use industries such as food & beverages, personal care, pharmaceutical and others in countries like China, India, Japan and South Korea. Rapid industrialization and growing population in Asia Pacific countries are driving significant market growth. Europe is also among the faster growing regions due to presence of major pharmaceutical companies in countries like Germany, UK and France who are major consumers of sorbitol.
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30 January 2020 - The global Sorbitol Market size was 1.96 million tons in 2015.
Rising demand for artificial sweeteners with low-calorie content in food & beverages on account of increasing health awareness is expected to promote industry expansion over the forecast period.Growing demand for sorbitol as a functional ingredient in food & beverage, personal care, pharmaceutical, and chemical manufacturing will augment industry growth over the forecast period.
The increase of the food & beverage sector in China, India, and Brazil on account of growing number of retail stores and supportive regulations to promote investments will create immense market potential.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/sorbitol-marketThe growing usage of artificial sweeteners in pharmaceutical applications including chewing tablets and syrups in the U.S., Germany, France and Japan will promote industry size over the forecast period.
Furthermore, increasing market penetration of artificial sweeteners including stevia, aspartame, mannitol and xylitol in applications including beverage, bakery goods, pharmaceuticals, personal care and chemical industries is expected to pose a challenge for industry expansionProduct InsightsLiquid sorbitol was extensively used and accounted for 82.7% of the global volume in 2015.
Growing applications of the product in the formulation of syrups, solvents, and gels on account of its sweetening effect will propel market growth over the forecast period.
Moreover, its increasing use as an excipient for pan coatings in the healthcare sector as they exhibit excellent solubilizing property will promote demand.Crystal product forms are expected to witness moderate revenue growth owing to high usage in manufacturing mint tablets, chewing gum, polydextrose and other sugar free-foodstuff including dried squid thread, roasted fish fillet, shrimp ball and frozen raw fish.Application InsightsToothpaste is projected to witness volume gains at a CAGR of 3.9% owing to increasing consumption of sorbitol for preventing dental problems including tooth decay and cavity issues.Demand for personal care products was 656.2 kilo tons in 2015.
