Press release
The Sorbitol Market is expected to reach approximately USD 1.41 billion by 2023 | Industry outlook with Prominent players: Cargill, Ecogreen Oleochemicals GmbH, Spi Pharma, American International Foods, Qinhuangdao Lihua Ltd, Sigma-Aldrich, Archer Daniels
Sorbitol Market Global Industry Analysis and Forecast to 2023
The prominent players in the market are Cargill, Ecogreen Oleochemicals GmbH, Spi Pharma, American International Foods, Qinhuangdao Lihua Ltd, Sigma-Aldrich, Archer Daniels Midland, Gulshan Polyols Ltd and Tereos Syral SAS.
Sorbitol Market: Industry Outlook
The Sorbitol Market was worth USD 0.87 billion in the year of 2014 and is expected to reach approximately USD 1.41 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.48% during the forecast period. In 2016 the worldwide smart electricity meters market size was evaluated at USD 6.59 billion. Sorbitol is a sugar polyhydroxyl alcohol that is naturally present in specific fruits. It can likewise be artificially prepared from glucose, and it is economically accessible in the form of crystal and liquid. It useful in a wide range of end use sectors such chemicals & pharmaceuticals, personal care & cosmetics, food & beverages due to its various properties that satisfy the item manufacturing requirements. Its applications are found in different purchaser situated markets, for example, health foods, nutrition, oral care and surfactants. Sorbitol has been significantly utilized as feedstock for generation of vitamin C. This has seen a decrease as of late with over creation of vitamin C in the market, prompting expanded application in different portions. Sorbitol is a natural sweetener with low calories and relative less sweet taste. In this manner, it is a valuable fixing in dietary food & beverages and as a significant sugar alternative for diabetic populace, helping in its market extension.
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Sorbitol Market: Product Outlook and Trend Analysis
Sorbitol is accessible in the form of crystal and liquid for use. The fluid frame is created by preparing dextrose that is gotten from corn starch. Since crystal form is acquired by spray drying fluid sorbitol, it causes added cost to the creation procedure.
Sorbitol Market: Regional Outlook and Trend Analysis
China is a dominant maker of vitamin C. The nation additionally represents a noteworthy part of sorbitol utilization as contribution for its generation. However, with overproduction of vitamin C, the development rate of this market utilization has turned out to be dormant, prompting its expanded use in different sections. United States and Europe are other key areas in the sorbitol market, attributable to their entrenched and dynamic food & beverages and personal care ventures. These sections are additionally capable sorbitol market development in Latin America and the Middle East and Africa districts. Replacement of sorbitol in food products and stoppage in the manufacturing of vitamin C has brought about its low utilization in areas, for example, Japan.
The Sorbitol Market is segmented as follows-
By Product:
• Crystal
• Liquid
By Application:
• Vitamin C
• Surfactants
• Oral Care
• Diabetic & Dietetic Food & Beverages
• Others
By End User:
• Food
• Pharmaceuticals
• Personal care & Cosmetics
• Chemical
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
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Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Application in Personal Care and Food Products
3.2.1.2. Sugar Substitute for Health Reasons
3.2.2. Restraints
3.2.3. Opportunities
4. Sorbitol Market, By Product Type
5. Sorbitol Market, By Application
6. Sorbitol Market, By End User
7. Sorbitol Market, By Region
8. Company Profiles
…….
View complete TOC @ https://www.crystalmarketresearch.com/report/sorbitol-market
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