Press release
Sorbitol Market to Witness Stunning Growth in 2024 - 2031 | American International Foods, Inc.
Sorbitol Market
The sorbitol market is estimated to be valued at USD 1.89 Bn in 2024 and is expected to reach USD 3.0 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Market Dynamics:
The sorbitol market is expected to witness a high growth owing to increasing demand from personal care and cosmetic industry. According to the report published by Coherent Market Insights, personal care and cosmetic industry accounted for around 30% of global sorbitol demand in 2023 and is expected to grow at a CAGR of around 5.5% during forecast period. This can be attributed to growing awareness regarding oral and dental care, rapidly expanding hair care and skincare industry and increasing consumer spending power in developing economies. Furthermore, sorbitol offers moisture retention properties that make it an excellent humectant and preservative for various cosmetic formulations. Its non-cariogenic properties make it an ideal additive for dental care and mouth fresheners products.
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Rising Demand from Personal Care Products Bolstering Growth in the Sorbitol Market
The global sorbitol market has been witnessing considerable growth over the past few years owing to rising demand from the personal care industry. Sorbitol is widely used in the formulation of various personal care products such as toothpastes, mouthwashes, cosmetics, skin creams, and deodorants. This is because sorbitol acts as a humectant, thickening agent, and sweetener in these products. Furthermore, it protects the skin from drying effects and maintains the right moisture levels. Due to the increasing health and beauty consciousness among consumers globally, the demand for various personal care items has surged significantly. This, in turn, has augmented the need for sorbitol in product formulations. Additionally, the growing aging population worldwide is propelling the demand for anti-aging skin creams and hair care items where sorbitol finds extensive usage.
Volatility in Raw Material Prices Restricting Market Expansion
Sorbitol is commercially produced from glucose obtained either from corn starch or sugar beet molasses through electrolytic hydrogenation. Consequently, fluctuations in corn and sugar beet prices have a considerable impact on sorbitol manufacturing costs. Over the past decade, corn and sugar prices have exhibited elevated volatility due to changing climatic conditions, supply-demand dynamics, export-import policies, trade wars, and Covid-19 pandemic disruptions. Significant hikes in raw material costs have compelled sorbitol producers to increase their product prices periodically. High sorbitol prices, in turn, limit their adoption in cost-sensitive applications. Furthermore, dependency on agricultural commodities exposes the market to supply chain disruptions and disruptions in production. These factors have negatively influenced the growth and profitability of sorbitol market players to a certain extent. Price volatility remains a key restraining aspect for market participants to overcome.
Opportunity for Market Growth in Food and Beverage Sector
The food and beverage industry offers lucrative opportunities for expansion of the global sorbitol market. Sorbitol is widely used as a food additive and flavoring agent in various bakery, confectionery, beverages, dairy, and other food products. It provides moisture, acts as a sweetener and humectant, and improves texture and mouthfeel in foods. The growing demand for low-calorie, sugar-free, and diabetic-friendly foodstuffs is propelling the usage of sorbitol as a sugar substitute. Moreover, rising health-consciousness is driving the replacement of sugar and other synthetic sweeteners with natural sweeteners like sorbitol. The booming beverage industry, especially bottled water, fruit juices, and sports drinks are fueling sorbitol consumption. With healthy snacking trend gaining prominence globally, the market stands to benefit from extensive uptake of sorbitol in nutritious energy bars and snacks. Significant opportunities also exist in crafting innovative food applications of sorbitol.
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Top Companies Featured in This Report:
โ American International Foods Inc.
โ ADM
โ Cargill Incorporated
โ DuPont
โ Gulshan Polyols Ltd.
โ Merck KGaA
โ Ecogreen Oleochemicals GmbH
โ Qinhuangdao Lihua Starch Co., Ltd.,
โ Roquette Frรจres
โ SPI Pharma
โ Tereos
โ Ingredion Incorporated
โ Kasyap Sweeteners Ltd.
โ Vizag Chemicals
โ CDH Fine Chemical
โ Gayatri bioorganics
โ Silverline Chemica
Market Segmentation:
By Product Type:
โ By Product Type: Liquid and Crystal
By Applications:
โ By Application: Oral Care, Vitamin C, Diabetic & Dietetic Food & Beverage, and Others (Surfactant, etc.)
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Sorbitol Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Sorbitol market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Sorbitol market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Sorbitol market.
Segment Analysis: Examining the market value and sales volume of Sorbitol by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Sorbitol market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Sorbitol sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
๐ Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/6758
Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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