Global Sorbitol Market Forecasts To 2022
Global Sorbitol Market is expected to reach USD 1585.43 million by 2022, at a CAGR of 3.9% during the forecast period of 2017 to 2022. The global sorbitol market(https://www.bharatbook.com/food-market-research-reports-927866/sorbitol-global-opportunity-analysis.html) is mainly driven by the growing cosmetic and personal care market, rising demand for sorbitol from Asia-Pacific region, expansion of middle-class population and increased urbanisation, and increasing health problems due to consumption of sugar-based products. However, enforcement of regulations such as limiting the rate of consumption has significantly challenged the market.
The global sorbitol market is mainly segmented by function (humectant, sweetener, bulking agent, flavoring agent and others), by form (Solid/powder and liquid/syrup), by applications (food & beverages, pharmaceuticals, cosmetics & personal care, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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With their versatile functional properties, the applications of sorbitol have been increased significantly in cosmetics and personal care products.
Global Sorbitol Market, By Application, 2017- 2022
Sorbitol Market by Application
Source: Meticulous Research Analysis
Geographically, the global sorbitol market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. Asia-Pacific region accounted for the major share in the global sorbitol market in 2016, followed by North America, and Europe. The major share of the Asia-Pacific region is mainly attributed to the increasing functional food consumption, health consciousness, and changing diseases pattern. In addition, the Asia-Pacific region is projected to grow at a fastest CAGR during the forecast period, due to increasing disposable income, growing urbanization, increasing diabetes & obesity prevalence, and rising demand for healthy & natural products.
The key players in the global sorbitol market are Roquette Freres le Romarin., Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, SPI Pharma, Sayaji Industries Limited, Glushan Polyols Ltd., Ecogreen Oleochemicals, Merck group, Sukhjit Group, Tereos, B Food Science Co. Ltd, and Mitsubishi Corporation.
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