Sorbitol Market will Turn over USD 1.47 billion to Revenue to Cross USD 2.48 billion in 2023 to 2029 | Cargill, Du-Point, Adm Company

Exactitude Consultancy Market Research analyses that the Sorbitol Market will witness a CAGR of 6.2% for the forecast period of 2023-2029 and is likely USD 1.47 billion in 2022 to reach at USD 2.48 billion by 2029.

Research report on the Sorbitol market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Sorbitol market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.

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Market Dynamics

► Market Driver: Increasing adoption of sorbitol in personal care products and maximizing the shelf life

Consumption of personal care products demand is rising at a steady growth rate. With the growing population, disposable income and urbanization and consumer demand for personal care products are generating significant demand for sorbitol. Sorbitol is an organic synthetic sweetener are used for manufacturing oral-care products such as tooth paste and mouth freshener. The FDA has recognized sorbitol for the benefit of oral health. Sorbitol is used as a prebiotic ingredient in skincare as a hydrating and moisturizing agent.

► Market Trends: It has several nutritional benefits which are boosting its sorbitol market growth

The market is anticipated to witness significant growth over the forecast period on account of its growing applications in various industries such as food & beverage, pharmaceuticals, cosmetics, and others.

In terms of application, the food & beverage segment held the largest share of the global sorbitol market and is expected to maintain its dominance over the forecast period. Sorbitol is used as a sweetener in various food items such as confectioneries, desserts, bakery products, and chewing gums. Moreover, it is also used as a humectant and texturizer in baked goods and frozen desserts.

► Market Restraints: Substitutional threat from other sweeteners and shortages of commodities

The global sorbitol market is expected to grow at a moderate pace during the forecast period. The market is hindered by various factors such as stringent regulations, volatile raw material prices, and health concerns associated with the consumption of sugar alcohols.

Stringent regulations regarding the use of sugar alcohols in food and beverage products are restraining the growth of the sorbitol market. Sugar alcohols are classified as GRAS (generally recognized as safe) ingredients by the US FDA. However, their use is restricted to a maximum level of 10% by weight in food products in the European Union. This is limiting the use of sorbitol in food and beverage applications, thereby restraining the growth of the sorbitol market.

Prominent Key players of the Sorbitol Market survey report:

Historical data available in the report elaborates on the development of the Sorbitol on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market 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.

Sorbitol Market Recent Developments

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.

Sorbitol Market Segmentation:

Sorbitol Market by Type/Form, 2023-2029, (USD Million) (Kilo Tons)

» Liquid

» Crystal

Sorbitol Market by Application, 2023-2029, (USD Million) (Kilo Tons)

» Cosmetics & Personal Care

» Food & Beverage

» Pharmaceuticals

» Confectionery

» Others

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Sorbitol Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Sorbitol industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Sorbitol industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Sorbitol Market Research Report 2023-2029

1 Sorbitol Market Overview

1.1 Product Overview and Scope of Sorbitol

1.2 Sorbitol Segment by Type (Product Category)

1.3 Global Sorbitol market Segment by Application

1.4 Global Sorbitol Market by Region (2023-2029)

1.4.1 Global Sorbitol Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Sorbitol (2023-2029)

1.5.1 Global Sorbitol Revenue Status and Outlook (2023-2029)

1.5.2 Global Sorbitol Capacity, Production Status and Outlook (2023-2029)

…

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