Press release
Sorbitol Market Size Projected To Reach $2.55 Billion By 2034 With A Cagr Of 6.8%
Sorbitol
What Is the Projected Growth of the Sorbitol Market?
The sorbitol market has seen significant growth in recent years. It will increase from $1.83 billion in 2024 to $1.96 billion in 2025, showing a CAGR of 7.1%. Contributing factors include higher use of sorbitol in personal care products, economic growth, rising disposable incomes in developing regions, greater use of sorbitol in pharmaceutical excipients, and its growing industrial applications.
The sorbitol market is expected to grow to $2.55 billion in 2029 with a CAGR of 6.8%, supported by rising sustainability initiatives, demand for plant-based sweeteners, and increased usage in pharmaceuticals. Key trends include expanding personal care applications, growth in emerging markets, innovation in food products, and advancements in production technologies.
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What Are the Different Sorbitol Market Segments?
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
Subsegments:
1) By Liquid Sorbitol: Food Grade Liquid Sorbitol, Industrial Grade Liquid Sorbitol, Pharmaceutical Grade Liquid Sorbitol, Liquid Sorbitol For Cosmetics And Personal Care
2) By Crystal Sorbitol: Food Grade Crystal Sorbitol, Pharmaceutical Grade Crystal Sorbitol, Industrial Grade Crystal Sorbitol, Crystal Sorbitol For Cosmetics And Personal Care
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What Are the Primary Drivers Shaping the Sorbitol Market?
The rising prevalence of diabetes is expected to drive the growth of the sorbitol market. Sorbitol is a sugar substitute with a low glycemic index, making it ideal for diabetes-friendly products. The increasing prevalence of diabetes, particularly in younger populations, is fueling the demand for products containing sorbitol. For example, the UK's National Health Service reported a significant rise in diabetes cases among individuals under 40 from 2022 to 2023. Therefore, the rising prevalence of diabetes is driving the growth of the sorbitol market.
Which Companies Are Leading in the Sorbitol Market?
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
What Sorbitol Market Trends Are Gaining Traction Across Different Segments?
Companies in the sorbitol market are developing various forms of sorbitol, such as sorbitol powder, to cater to growing consumer demand and diverse industry applications. Sorbitol powder is a sugar substitute used in food, cosmetics, and pharmaceuticals. In March 2022, Sunar Misir launched Sunsorb, a sorbitol powder designed for applications like sugar-free chewing gum. This powder is favored for its cooling effect and is widely used in the production of effervescent tablets and lozenges.
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What Are the Top Revenue-Generating Geographies in the Sorbitol Market?
North America was the largest region in the sorbitol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sorbitol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sorbitol Market?
2. What is the CAGR expected in the Sorbitol Market?
3. What Are the Key Innovations Transforming the Sorbitol Industry?
4. Which Region Is Leading the Sorbitol Market?
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