Global Sorbitol Market Size, Trends, By Form (Liquid, Crystal), By Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others), and Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Sorbitol Market
Global Sorbitol Market was valued at US$ 1.65 Bn in 2022, estimated to reach US$ 2.58 Bn by 2030, with a CAGR of 5.66% from 2023-2030.
Sorbitol is a sugar alcohol that is commonly used as a sugar substitute in various food products. Sorbitol is derived from glucose and is found naturally in many fruits and vegetables. It is used in many food products such as candies, chewing gum, baked goods, and diet drinks as a low-calorie sweetener. Sorbitol is also used in various non-food products, such as personal care items, pharmaceuticals, and industrial products, as a humectant, thickener, and texturizer. It has several unique properties, including its ability to retain moisture, resistance to browning and crystallization, and its ability to replace sugar without affecting the taste or texture of food products.
Market Drivers
The global sorbitol market is primarily driven by the increasing demand for low-calorie sweeteners in the food and beverage industry. Moreover, the growing demand for personal care and pharmaceutical products, especially in developing countries, is further driving the demand for sorbitol in these applications. The increasing trend towards clean labels and natural food products is also boosting the demand for sorbitol, as it is derived from natural sources such as fruits and vegetables.
Market Restraints
The global sorbitol market is likely to be hindered by the availability of alternative low-calorie sweeteners such as aspartame, saccharin, and stevia, which may affect the demand for sorbitol in the food and beverage industry. Additionally, the high production cost of sorbitol is another significant restraint, which may limit its adoption in various applications.
Moreover, the use of sorbitol in excessive quantities can lead to gastrointestinal issues, such as diarrhea and bloating, which can have adverse effects on consumer health and may deter the demand for sorbitol-based products.
Market Segmentation
The scope of the global sorbitol market covers segmentation based on type, application, end-use industry, and region.
Based on the form, the sorbitol market is segmented into liquid and crystal. Further, the market is segmented into applications, such as food & beverages, pharmaceuticals, personal care & cosmetics, and others.
Regional Analysis
The global sorbitol market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region is currently dominating the sorbitol market, driven by the increasing demand from various end-use industries such as food and beverage, pharmaceuticals, and personal care products. This trend is expected to continue throughout the forecast period. The region has a large population base, which is a major factor driving the demand for sorbitol-based products. Additionally, the region's growing middle class, rising disposable incomes, and increasing health consciousness are driving demand for low-calorie sweeteners like sorbitol.
Key Players
Archer Daniels Midland Company, Cargill Inc, Merck KGaA, Ecogreen Oleochemicals GmbH, Roquette Freres SA, Kasyap Sweetners Ltd, Ingredion Inc, SPI Pharma Inc, Tereos SA, Sukhjit Starch & Chemicals Ltd, DuPont, Gulshan Polyols Ltd, etc.
Market Taxonomy
By Form
• Liquid
• Crystal
By Application
• Food & Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Sorbitol Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Sorbitol Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Sorbitol Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Sorbitol Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Sorbitol Market Share Analysis, By Form
5.3 Global Sorbitol Market Size and Forecast, By Form
5.3.1 Liquid
5.3.2 Crystal
6 Global Sorbitol Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Sorbitol Market Share Analysis, By Application
6.3 Global Sorbitol Market Size and Forecast, By Application
6.3.1 Food & Beverages
6.3.2 Pharmaceuticals
6.3.3 Personal Care & Cosmetics
6.3.4 Others
7 Global Sorbitol Market, By Region
7.1 Global Sorbitol Market Share Analysis, By Region
7.2 Global Sorbitol Market Size and Forecast, By Region
7.3 Global Sorbitol Market Trends and Forecast, By Region
8 North America Sorbitol Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Sorbitol Market Share Analysis, By Form
8.3 North America Sorbitol Market Size and Forecast, By Application
8.4 North America Sorbitol Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1 Market Size and Forecast, By Form
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1 Market Size and Forecast, By Form
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1 Market Size and Forecast, By Form
8.4.3.2 Market Size and Forecast, By Application
9 Europe Sorbitol Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Sorbitol Market Share Analysis, By Form
9.3 Europe Sorbitol Market Size and Forecast, By Application
9.4 Europe Sorbitol Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1 Market Size and Forecast, By Form
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1 Market Size and Forecast, By Form
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1 Market Size and Forecast, By Form
9.4.3.2 Market Size and Forecast, By Application
9.4.4 Russia
9.4.4.1 Market Size and Forecast, By Form
9.4.4.2 Market Size and Forecast, By Application
9.4.5 Italy
9.4.5.1 Market Size and Forecast, By Form
9.4.5.2 Market Size and Forecast, By Application
9.4.6 Spain
9.4.6.1 Market Size and Forecast, By Form
9.4.6.2 Market Size and Forecast, By Application
9.4.7 Rest of Europe
9.4.7.1 Market Size and Forecast, By Form
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Sorbitol Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Sorbitol Market Share Analysis, By Form
10.3 Asia Pacific Sorbitol Market Size and Forecast, By Application
10.4 Asia Pacific Sorbitol Market Size and Forecast, By Country
10.4.1 China
10.4.1.1 Market Size and Forecast, By Form
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1 Market Size and Forecast, By Form
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1 Market Size and Forecast, By Form
10.4.3.2 Market Size and Forecast, By Application
10.4.4 South Korea
10.4.4.1 Market Size and Forecast, By Form
10.4.4.2 Market Size and Forecast, By Application
10.4.5 Australia
10.4.5.1 Market Size and Forecast, By Form
10.4.5.2 Market Size and Forecast, By Application
10.4.6 New Zealand
10.4.6.1 Market Size and Forecast, By Form
10.4.6.2 Market Size and Forecast, By Application
10.4.7 Singapore
10.4.7.1 Market Size and Forecast, By Form
10.4.7.2 Market Size and Forecast, By Application
10.4.8 Malaysia
10.4.8.1 Market Size and Forecast, By Form
10.4.8.2 Market Size and Forecast, By Application
10.4.9 Rest of Asia
10.4.9.1 Market Size and Forecast, By Form
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Sorbitol Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Sorbitol Market Share Analysis, By Form
11.3 Latin America Sorbitol Market Size and Forecast, By Application
11.4 Latin America Sorbitol Market Size and Forecast, By Country
11.4.1 Brazil
11.4.1.1 Market Size and Forecast, By Form
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1 Market Size and Forecast, By Form
11.4.2.2 Market Size and Forecast, By Application
11.4.3 Colombia
11.4.3.1 Market Size and Forecast, By Form
11.4.3.2 Market Size and Forecast, By Application
11.4.4 Peru
11.4.4.1 Market Size and Forecast, By Form
11.4.4.2 Market Size and Forecast, By Application
11.4.5 Chile
11.4.5.1 Market Size and Forecast, By Form
11.4.5.2 Market Size and Forecast, By Application
11.4.6 Venezuela
11.4.6.1 Market Size and Forecast, By Form
11.4.6.2 Market Size and Forecast, By Application
11.4.7 Rest of Latin America
11.4.7.1 Market Size and Forecast, By Form
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Sorbitol Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Sorbitol Market Share Analysis, By Form
12.3 Middle East Sorbitol Market Size and Forecast, By Application
12.4 Middle East Sorbitol Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.1.1 Market Size and Forecast, By Form
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1 Market Size and Forecast, By Form
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1 Market Size and Forecast, By Form
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1 Market Size and Forecast, By Form
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1 Market Size and Forecast, By Form
12.4.5.2 Market Size and Forecast, By Application
12.4.6 Rest of Middle East & Africa
12.4.6.1 Market Size and Forecast, By Form
12.4.6.2 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Archer Daniels Midland Company
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Cargill Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Merck KGaA
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Ecogreen Oleochemicals GmbH
14.4.1 Overview
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Roquette Freres SA
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Kasyap Sweetners Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Ingredion Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 SPI Pharma Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Tereos SA
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Sukhjit Starch & Chemicals Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 DuPont
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Gulshan Polyols Ltd
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
