Sorbitol Market Coronavirus Impact - Key Takeaways are Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Roquette Frères and more

The global sorbitol market size is predicted to reachUSD 1,928.3 millionby 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, saysFortune Business Insights™in a report, titled “Sorbitol Market Size, Share and Global Trend By Type (Liquid/Syrupy and Powder/Crystal), Application (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, and Others), and Geography Forecast 2019-2026” the market size stoodUSD 1,244.5 millionin 2018. The growing demand for confectionery and processed products will encourage the growth of the market in the forthcoming years.

List of the Best Players in the Global Sorbitol Market Research Report Include;

• Archer Daniels Midland Company
• Cargill, Incorporated.
• Ingredion Incorporated
• Roquette Frères
• Tereos Starch and Sweeteners s.a.s
• Pfizer Inc.
• SPI Pharma
• Lonza Inc.
• Merck KGaA
• Tate and Lyle

Source of Information:

https://www.fortunebusinessinsights.com/industry-reports/sorbitol-market-100206

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.

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.

Increasing Consumption of Confectionery and Baked Goods to Spur Growth Opportunities

Sorbitol is mainly used in the production of confectionery, baked goods, andchocolateas 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.

Major Segments includes:

By Type

Liquid/Syrupy
Powder/Crystal
By Application

Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
Others
By Geography

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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 polyesterresins, functional fluids, food and 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.

Major Table of Content:

1. Introduction

1.1.Research Scope

1.2.Market Segmentation

1.3.Research Methodology

1.4.Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1.Market Drivers

3.2. Market Restraints

3.3.Market Opportunities

4. Key Insights

4.1.Overview of the Parent/Related Markets

4.2.Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers and Acquisitions

4.2.Production, Trade, and Consumption Patterns of Sorbitol - Analysis and Forecast

5. Global Sorbitol Market Analysis, Insights and Forecast, 2015-2026

TOC Continued:

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