Sorbitol Market Current Evaluation and Future Growth Forecast 2024 - 2031 | American International Foods, Inc.

Market Overview:

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 significant growth over the forecast period owing to increased demand from food industry. Sorbitol is widely used as sweetener in various food products such as chewing gums, candies, baked goods, among others. It helps retain moisture and texture in foods. Additionally, growing health concerns have raised demand for low-calorie sweeteners like sorbitol. Stringent regulations on use of artificial sweeteners is another factor fueling adoption of sorbitol.

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Sorbitol Market Drivers: The growing demand for sugar substitutes driving the growth of Sorbitol market

The rising prevalence of diabetes and obesity across the globe has boosted the demand for low-calorie sugar substitutes. Sorbitol is commonly used as a substitute for sugar or artificial sweeteners in various food products and beverages. It contains about 60% of the sweetness of sucrose but has only 2.6 calories per gram compared to 4 calories per gram of sugar. With the growing health awareness among consumers, there is an increasing demand for sugar-free and low-calorie food products. The food and beverage manufacturers are widely using sorbitol in various applications such as candy, chewing gum, baked goods, frozen desserts, processed fruit, jams, and jellies due to its sugar-like texture and low impact on blood glucose levels. Moreover, the regulatory approval for the usage of sorbitol in food production has further augmented its demand across the globe.

Sorbitol Market Opportunity: Growing demand for personal care and pharmaceutical grade sorbitol

The increasing uptake of sorbitol in personal care and pharmaceutical products present lucrative opportunities for market players. In the personal care space, it is widely used in cosmetics, oral care, and skin care products due to its high moisture retention abilities. The global skincare market is growing at a substantial rate, and moisturizing products are in high demand. This rising demand for skincare and cosmetic products will propel the need for skincare-grade sorbitol. Similarly, in the pharmaceutical industry, non-crystallizing sorbitol is majorly used in the production of medicines requiring sugar coatings, including chewable tablets and syrups. The expanding pharmaceutical sector driven by the burgeoning geriatric population and increasing healthcare expenditure provides growth opportunities. Market players can focus on developing high-purity grades of sorbitol tailored for the personal care and pharmaceutical applications and target these end-use segments.

Sorbitol Market Trends: Shift towards organic and non-GMO sorbitol

With evolving customer preferences, there is a growing demand for natural and clean-label products. Consumers are willing to pay premium prices for organic and non-GMO labeled food products. This trend is influencing the sorbitol market, and producers are shifting their focus towards developing organic and non-GMO derivatives. However, conventionally sorbitol is extracted from corn, but demands are mounting for plant-based raw materials.

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Top Companies Included in This Report:

• American International Foods Inc.
• ADM
• Cargill Incorporated
• DuPont
• Gulshan Polyols Ltd.
• Merck KGaA
• Ecogreen Oleochemicals GmbH
• Qinhuangdao Lihua Starch Co., Ltd.,
• Roquette Frères
• SPI Pharma
• Tereos
• Ingredion Incorporated
• Kasyap Sweeteners Ltd.
• Vizag Chemicals
• CDH Fine Chemical
• Gayatri bioorganics
• Silverline Chemica

Market Segmentation:

By Product Type:

• By Product Type: Liquid and Crystal
• By End-Use Industry: Personal Care, Chemical, Food, and Others (Pharmaceuticals, etc.)

By Applications:

• By Application: Oral Care, Vitamin C, Diabetic & Dietetic Food & Beverage, and Others (Surfactant, etc.)

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Sorbitol Market by Players

Chapter 4: Market Size of the Sorbitol Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Sorbitol Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Sorbitol industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

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