Top Trends in Sorbitol Market Size 2020 - Industry Revenue and Upcoming Demand

The global sorbitol market size is predicted to reach USD 1,928.3 million by 2026, exhibiting a CAGR of 5.54% during the forecast period. The increasing prevalence of diabetes around the world is one of the key factors expected to propel growth of the market, says Fortune Business Insights(TM) in a report, titled "Sorbitol Market Size, Share and Global Trend By Type (Liquid/Syrupy and Powder/Crystal), Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others), and Geography Forecast 2019-2026" the market size stood USD 1,244.5 million in 2018. The growing demand for confectionery & processed products will encourage the growth of the market in the forthcoming years.

As per the report, the increasing incidences of diabetes will contribute positively to sorbitol market growth. According to WHO, the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Furthermore, the growing cases of Type 2 diabetes in middle and low-income developing nations is expected to fuel demand for sorbitol as it is used as a reduced-calorie alternative to sugar. This factor will, in turn, aid the expansion of the market in the forthcoming years.

Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sorbitol-market-100206

The report offers insights into the prevailing trends of the market. It provides an in-depth analysis of the Sorbitol Market size with regard to aspects such as leading products and applications. Additionally, it classifies the market based on regional demographics and highlights leading regions. Besides, it also covers the latest industry developments and sheds light on a few of the significant activities such as mergers and acquisitions, company collaborations, and product launches.

List of the Best Players in the Global Sorbitol Market Research Report Include;
o Archer Daniels Midland Company
o Cargill, Incorporated.
o Ingredion Incorporated
o Tereos Starch & Sweeteners s.a.s
o Pfizer Inc.
o SPI Pharma
o Lonza Inc.
o Merck KGaA
Tate & Lyle

Increasing Consumption of Confectionery and Baked Goods to Spur Growth Opportunities

Sorbitol is mainly used in the production of confectionery, baked goods, and chocolate as it functions as a humectant, moisture-stabilizer, and texturizer. The growing inclination of people towards baked and confectionery food items will steer the demand for sorbitol. For instance, Sorbitol utilizes sugar alcohol, provides one-third fewer calories than sugar, and 60% more sweetness intensity as compared to sucrose.

Browse Summary of This Research Report: https://www.fortunebusinessinsights.com/industry-reports/sorbitol-market-100206

Furthermore, Sorbitol has a wide range of applications in the pharmaceutical, chemical, cosmetics, food, beverage, plastics, and other industries. Sorbitol acts as an alternative feedstock for the production of propylene glycol which has various application areas such as unsaturated polyester resins, functional fluids, food & feed, cosmetics. These factors together will create lucrative sales opportunities for the market in the foreseeable future.

Agreement Between Lupin and Aptissen S.A. will Facilitate Growth Opportunities

The collaboration between Lupin and Aptissen S.A. is predicted to foster the growth of the market in the foreseeable future. For instance, May 2019: Lupin and Aptissen S.A. entered into a definitive distribution agreement under which Aptissen has granted Lupin the exclusive rights to market, distribute, and sell the current Aptissen products in Canada. Furthermore, the acquisition of Indonesian Sorbitol Giant Sorini by Cargill is expected to boost the Sorbitol Market trends in the foreseeable future. For instance, Cargill acquires Indonesian Sorbitol Giant Sorini (T Sorini Agro Asia Corporindo Tbk) for USD 244 million. Sorini is one of the leading producer and supplier of sorbitol, operates seven manufacturing facilities located in Indonesia's East Java and Lampung provinces

Presence of Leading Players will Stimulate Growth in Asia Pacific

The market in Asia Pacific is expected to grow rapidly during the forecast period owing to the presence of significant manufacturers of starch sweeteners and sorbitol in the region. Also, the cosmetics and personal care industry is flourishing in the region. This factor will fuel demand for sorbitol as it serves as a humectant and emulsion stabilizer. Sorbitol has its application in lotions, creams, shampoos, and hair conditioners. In North America, the USA is one of the leading consumers of sorbitol. The growth witnessed in the region is also attributed to the growing utilization of sorbitol in oral-care products, primarily toothpaste.

Order a Single User License Copy: https://www.fortunebusinessinsights.com/checkout-page/100206

Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com

About Us:

Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

This release was published on openPR.