Sorbitol Market 2024 - Industry Outlook, Present Manufacturers, Channels Analysis And Forecast To 2033

"The new report published by The Business Research Company, titled ""Sorbitol Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sorbitol market size has grown strongly in recent years. It will grow from $1.71 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The sorbitol market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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Sorbitol Market Growth Fueled By Rising Diabetes Prevalence
The increasing prevalence of diabetes is expected to propel the growth of the sorbitol market going forward. Diabetes is a chronic medical condition characterized by high blood sugar levels due to the body's inability to produce enough insulin or effectively use the insulin it produces. The rising obesity rates, sedentary lifestyles, unhealthy diets, and an aging population are the factors that impact the diabetes market. Sorbitol's low glycemic index and reduced calorie content make it a preferred sugar substitute in diabetic-friendly products, helping individuals with diabetes manage their blood sugar levels while enjoying sweet treats. For instance, in July 2021, according to the report published by the International Diabetes Federation, a Belgium-based authoritative source of evidence on the prevalence of diabetes, there were 537 million adults aged 20-79 living with diabetes, representing a prevalence of 1 in 10 individuals. Moreover, projections indicate that this figure will escalate to 643 million by 2030 and surge further to 783 million by 2045. Therefore, the increasing prevalence of diabetes will drive the growth of the sorbitol market.

Innovative Product Developments Drive Sorbitol Market Growth
Major companies operating in the sorbitol market are focusing on developing multiple sorbitol forms such as sorbitol powder, to cater to evolving consumer preferences and capitalize on the expanding applications of sorbitol across various industries. Sorbitol powder is a sugar substitute derived from glucose commonly used in food, cosmetics, and pharmaceuticals for its sweetness and humectant properties. For instance, in March 2022, Sunar Misir, a Turkey-based corn-based ingredient manufacturer, launched Sunsorb, a specialized sorbitol powder tailored for versatile applications, delivering a refreshing sensation ideal for sugar-free chewing gum. Its cooling effect enhances freshness while ensuring optimal texture in tableting processes, yielding firm tablets suitable for confectionery and pharmaceutical use. With exceptional tableting properties, Sunsorb Powder is a preferred choice for pharmaceutical-grade effervescent, chewable, and swallowable tablets and a reliable binder in lozenges and pellets.

The sorbitol market covered in this report is segmented -

1) By Product: Liquid, Crystal
2) By Application: Oral Care, Vitamin C, Diabetic And Dietetic Food And Beverage, Surfactant, Other Applications
3) By End User: Personal Care, Chemical, Food, Pharmaceuticals, Other End Users

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Major companies operating in the sorbitol market are Cargill Incorporated, Archer Daniels Midland Company, Merck KGaA, DuPont de Nemours Inc., Ingredion Incorporated, Tereos SA, Roquette Frères, Sigma-Aldrich Co. LLC., Luzhou Group, Dancheng Caixin Sugar Industry Co. Ltd., Futaste Pharmaceutical Co. Ltd., Ecogreen Oleochemicals, PT Sorini Agro Asia Corporindo Tbk, Sorini Agro Asia Corporindo Tbk, Gulshan Polyols Ltd., Spectrum Chemical Manufacturing Corp, SPI Pharma, TCI Chemicals Pvt. Ltd., Sukhjit Starch & Chemicals Ltd., Kasyap Sweeteners Ltd., B Food Science Co. Ltd , American International Foods Inc, Mitsubishi Shoji Foodtech Co. Ltd., Ueno Fine Chemicals, Qingyuan Foods

Contents of the report:
1. Executive Summary
2. Sorbitol Market Report Structure
3. Sorbitol Market Trends And Strategies
4. Sorbitol Market - Macro Economic Scenario
5. Sorbitol Market Size And Growth
…..
27. Sorbitol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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