Press release
Sorbitol Market to Surpass USD 2.48 billion by 2029 | CAGR 6.2%, Size, Trends, Growth Statistics, Opportunities with Key Players and Forecast 2029
Sorbitol Market Overview:Sorbitol is formed by the catalytic hydrogenation of D-glucose and is exists as a free-flowing crystalline powder and as aqueous solution. It is a type of sugar that is found naturally in fruits and plants and can also be invented synthetically from glucose. It is added in the food products and drugs or tablets to improve their shelf-life and avoid the precipitation of sugar.
The global Sorbitol market was estimated at USD 1.47 billion in 2020 and is expected to reach USD 2.48 billion by 2029, at a CAGR 6.22% during the forecast period 2022-2029.
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Sorbitol Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Cargill, Du-Point, Adm Company, Roquette Freres, Archer Daniels Midland Company, American International Foods Inc., Spi Pharma Inc, Merck Kga, Kasyap Sweeteners, Ltd., Pfizer Inc., Tate & Lyle and Others
Recent Development
In 2021, Archer Daniels Midland Company, a global leader in nutrition and agricultural origination and processing, announced today that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients in Chicago.
In 2021, US-based food processor Cargill plans to acquire the bio-industrial business of the British specialty chemical maker Croda for about USD 1 billion to is continuing its push into biobased chemicals in Europe, Asia, and the Netherlands.
In 2020, Ingredion has signed a strategic distribution agreement with Batory Foods. The arrangement has been integrated for Ingredion's distributor's presence in Southern California for helping food and beverage manufacturers to get the ingredients which they require for producing and bringing their products to the market.
In January 2020, ADM unveiled a new logo and tagline for their brand "Unlocking Nature, Enriching Life". This new initiative helped ADM to gain more focus on their brands and products which ultimately helped to gain more consumer base
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Sorbitol Market Segmentation:
Sorbitol Market by Type/Form, 2022-2029, (USD Million) (Kilo Tons)
Liquid
Crystal
Sorbitol Market by Application, 2022-2029, (USD Million) (Kilo Tons)
Cosmetics & Personal Care
Food & Beverage
Pharmaceuticals
Confectionery
Others
Growth Factors:
Increasing demand from the Sorbitol industries
The growing use of Sorbitol in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Sorbitol Market
Sorbitol Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Sorbitol Market Trends
- The report identifies, determines, and forecasts the Global Sorbitol Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Sorbitol Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Sorbitol Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Sorbitol Market.
Frequently Asked Questions
What is the study period of this market?
What is the growth rate of Sorbitol Market?
Which region has highest growth rate in Sorbitol Market?
Which region has largest share in Sorbitol Market?
Who are the key players in Sorbitol Market?
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