The global sorbitol market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Crystal sorbitol is widely utilized as a food additive for producing frozen raw fish, roasted fish fillet, polydextrose (soluble dietary fiber), mint tablets, chewing gum, shrimp ball, and dried squid thread. It’s also used in a variety of frozen aquatic products and sugar-free snacks. The growing demand for application products, primarily in meat products and frozen foods, is expected to promote market growth over the forecast period. Further, due to its ability to resist bacterial degradation and retain moisture, the crystal-based product is also applied as a humectant in various cosmetic products such as moisturizers and face cream. Other applications of crystal sorbitol include an application as a plasticizer in the production of capsule outer shell and as a filler and excipient in the production of pharmaceutical tablets.
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Rising acquisitions, product approval, expansions, collaborations among the major players in the market alsopropel the growth of the market. For instance, in November 2016, Ingredion Inc entered into a definitive agreement to acquire Shandong Huanong Specialty Corn Development Co., Ltd. from Pingyuan County. This acquisition will vertically integrate the Ingredion manufacturing base for specialty ingredients. Further, in addition to reducing costs, it gives the company more control of the supply chain, with added food safety and sustainability benefits. The acquisition of Shandong Huanong adds a second manufacturing facility to Ingredion’s operations in China. It will produce starch raw material for the Company’s facility in Shanghai, which makes value-added ingredients for the food industry.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By product
o By end-use
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Cargill Inc, Merck KGaA, DuPont Inc, Archer Daniels Midland Company, American International Foods Inc., SPI Pharma Inc among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Sorbitol Market Report by Segment
By Product
- Liquid
- Crystal
By End-use
- Personal Care
- Chemical
- Food
- Pharmaceuticals
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Sorbitol Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- American International Foods Inc.
- Archer Daniels Midland Company
- DuPont Inc
- Ecogreen Oleochemicals GmbH
- Gujrat Ambuja Export Ltd
- Gulshan Polyols Ltd
- Gulshan Polyols Ltd.
- Ingredion Inc.
- Kasyap Sweeteners, Ltd.
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