Sorbitol Market Outlook: Regional Growth, Competitor, and Forecast 2030
Sorbitol Market Overview
Sorbitol refers to alcohol that is produced through the
reduction of glucose. It is sweet in taste and is also known as glucitol. Most
commonly, sorbitol is generally made from corn syrup but can also be found in
natural food products such as apples, prunes, peaches, and pears. Sorbitol has
various useful properties like non-carcinogenic, cooling effect, a sweetening
flavor, lower calories, and enhanced compressibility. As per the latest
research conducted by Market Research Future (MRFR), the global sorbitol market
is anticipated to witness lucrative growth during the conjecture period.
Sorbitol has a vast area of applications in end-user
industries such as personal care, pharmaceuticals, cosmetics, food &
beverages, and chemicals industry. This wide range of applications has enabled
the sorbitol market to garner fast-paced growth during the forecast period.
Moreover, a growing inclination towards the use of low-calorie products in the
food & beverage sector is driving significant growth to the global sorbitol
market. Economic growth in the developing countries through the world has
upscaled the demand for home care and personal care products, in turn, boosting
demand for sorbitol. Growing prevalence of lifestyle diseases and augmenting
awareness towards health consciousness is expected to push growth in the global
sorbitol market.
Key Players
Some of the distinguished players in the global sorbitol
market, as profiled in the MRFR analysis, include Roquette Freres (France),
Cargill Inc. (U.S.), Tereos Starch & Sweeteners (France), Archer Daniel
Midland (U.S.), Ingredion Inc. (U.S.), Ecogreen Oleochemicals Pte. Ltd
(Singapore), Merck Group (Germany),
Daisco (japan), Qinhuangdao Lihua Starch Company Ltd (China), Sigma-Aldrich
Company (U.S.), Tereos (Belgium) and Gulshan Polyols Ltd (India).
Market Segmentation
The global sorbitol
market outlook has an extensive analysis based on the forms of sorbitol,
functions of sorbitol, types, and different end-uses of the same. Sorbitol is
available in liquid as well as crystal form. Different functions of sorbitol
include bulking agent, sweetener, flavouring agent, and humectant. Sorbitol has
many applications in end-user industries such as pharmaceuticals, cosmetics,
personal care, food & beverages, the paper industry, packaging, chemicals,
and the plastics industry.
Detailed Regional Analysis
The global sorbitol
market insights are studied for various regions such as North America,
Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Among these regions, Asia-Pacific held the largest share of
the global sorbitol market at the beginning of the forecast period. The
sorbitol market in the APAC region is expected to expand at a significant CAGR
through the forecast period. Accelerated development of end-use industries is
anticipated to propel demand growth in the regional sorbitol market. Along with
that, the growing demand for cosmetics and personal care products is expected
to push growth in the regional sorbitol market. Moreover, increased health
consciousness among consumers has fueled substantial growth in the region’s
sorbitol market during the assessment period.
North America is anticipated to capture the second-largest
share in the global sorbitol market. Europe, on the other hand, is expected to
follow North America, fetching the third position in the global sorbitol market
over the forecast period. Well-developed personal care and food & beverage
industries are estimated to be some of the most vital factors attributable to
the ascension observed in the sorbitol market residing in these regions.
Fast-paced lifestyles and a surge in the working population have led to an
increase in demand for convenience foods in these regions. This, in turn, has
led to burgeoning consumption of sorbitol, prompting higher growth in the
region. Within North America, the US and Canada are expected to spearhead the
country-specific markets for sorbitol during the assessment period. Apart from
that, the developed personal care and home care industries in European
countries are anticipated to drive substantial growth in Europe’s sorbitol
market. The UK, Germany, and Italy are expected to lead the country-specific
market for sorbitol in Europe.
Industry Update
July 2019: Researchers at the Leibniz University, Germany
recently examined the impact of sorbitol admixture to hole-conduction polymer
‘PEDOT:PSS’ on crystalline/polymer silicon heterojunction solar cells.
According to the research, the admixture of infrared-transparent sorbitol
augmented the short-circuit density of the cell because of a reduction in
infrared parasitic absorption, along with an improved passivation quality of
PEDOT:PSS.
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