According to a recent market study published by Growth Market Reports, titled, "Global Sorbitol Market by types, functions, Applications, and by Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 3,847 Million in 2019 and is expected to grow at a healthy growth rate of 5.0% by the year 2027. The global sorbitol market is anticipated to grow significantly during forecast period. Rising health problems due to consumption of sugar-based products, and growing consumer preference for low-calorie food are some of the factors contributing to market growth.

Global Sorbitol market has been segmented based on types, functions, applications, and region. In terms of types, the sorbitol market is categorized as into liquid/syrup sorbitol and crystal/powder sorbitol. Depending on functions, market is segmented as sweeteners, flavoring agents, bulking agents, humectants, and others. Based on applications, the market is categorized as cosmetics & personal care, food, beverage, pharmaceutical, chemical, and others. By regions global Sorbitol market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

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Regulatory policies are expected to play a pivotal role in shaping the dynamics of the global sorbitol market during the forecast period. Increase in efforts by governments and private sector companies toward increasing awareness about using sorbitol instead of table sugar is boosting the sorbitol market. The government is playing an important role in the market by setting certain standards for designing to provide the consumer with high-quality and safe food ingredients. Ambiguity related to the side effects of sorbitol is expected to hamper the market significantly. Government bodies are keeping a track that the end-use product industries to ensure that all the rules are followed. These rules vary from country to country. For instance, in Europe, sorbitol is considered food additives and the use of sorbitol in foods is measured by the Sweeteners in Food Regulations.

As per Growth Market Reports industry analyst Vidya Jadhav “The spread of COVID-19 has had a huge impact on the sorbitol market players on many fronts and outside factors, including a temporary fluctuation in consumer demand and potential effects on the sorbitol market from an uncertain economic perspective. Furthermore, the pandemic has affected the supply chain and the readiness of the workforce, both of which can impact production volumes. In this challenging environment, most companies in various sectors are taking concrete steps. Governments are taking strict measures, which are hampering the overall growth of the market. Companies can make strategic cuts in the number of employees and their pays to meet short- and longer-term requirements.”

Key Takeaways from the Study:

  • The market in Asia Pacific is expected to grow at a rapid pace owing to low manufacturing costs, increasing demand for cosmetic & personal care products, and growing food and pharmaceutical industries in developing countries.
  • The market in Europe is projected to expand in the coming years due to growing personal care industry in countries such as Italy, France, and Germany, and increasing awareness about natural ingredients.
  • North America held a considerable share of the market in 2019 owing to the increasing demand for organic cosmetic & personal care products in the region.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 3,847 Million

Market Growth Rate (from 2020 to 2027)

5.0%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Types, Functions, Applications, And Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Roquette Frères, Cargill, Incorporated, Ingredion Incorporated, Gulshan Polyols Ltd., Kashyap Sweeteners Ltd., Gujarat Ambuja Exports Limited, ADM, The Sukhjit Starch & Chemicals Ltd., SPI Pharma, Merck KGaA, PT. Ecogreen Oleochemicals, Tereos, QinHuangDao LiHua Starch Co., Ltd, Jeecon Foods Private Limited, Gayatri Bio-organics, and DuPont de Nemours, Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: Cosmetics & personal care, food, beverage, pharmaceutical, chemical, and other industries.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: Federation of American Societies for Experimental Biology (FASEB), Joint Food and Agriculture Organization/World Health Organization Expert Committee on Food Additives (JECFA), Acceptable Daily Intake (ADI), Food and Agriculture Organization (FAO), World Health Organization (WHO), and Japan External Trade Organization (JETRO)