Polyols and Sorbitols Products Market Outlook 2032
The global polyols and sorbitols products market size was USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, expanding at a CAGR of XX% during 2024–2032. The market growth is attributed to the increasing demand for healthier alternatives to traditional sugars.
Growing awareness of oral health and hygiene is resulting in a high demand for polyols and sorbitols in oral care products which further contributed to boosting the market. They offer unique benefits in oral care formulations, including their ability to inhibit the growth of oral bacteria, reduce plaque formation, and maintain oral pH balance. Moreover, the presence of a large population of chewing gums and lozenges, especially among consumers is anticipated to create a growing demand for polyols and sorbitols as key ingredients in these products in the coming years.
Impact of Artificial Intelligence (AI) in Polyols and Sorbitols Products Market
The use of artificial intelligence is likely to boost the polyols and sorbitols products market. AI-powered predictive analytics and machine learning algorithms are enabling manufacturers to optimize production schedules, minimize downtime, and reduce wastage. Moreover, AI-driven automation is streamlining supply chain management ensuring timely delivery and cost optimization.
Polyols and Sorbitols Products Market Dynamics
Major Drivers
Surging demand for healthier alternatives in the food and beverage industries is anticipated to drive the market. Manufacturers are increasingly incorporating these ingredients into their formulations to meet the evolving consumer preferences for healthier food options without compromising on taste or quality. For instance, according to a report published by Texas Health Resources on April 25, 2023, 80% of millennials place a high priority on health benefits when choosing foods and 64% of baby boomers are also seeking for more healthier food options. Moreover, the expanding application scope of polyols and sorbitols in various food and beverage products, including confectionery, bakery, and beverages, is further fueling the market.
Existing Restraints
Limited consumer awareness and acceptance of polyols and sorbitols as cane sugar substitutes are expected to hinder the market. Despite being safe and offering advantages, such as low-calorie content and minimal impact on blood sugar, some consumers are unfamiliar with these ingredients or have misconceptions about their effectiveness and taste. Furthermore, the growing competition from alternative sweeteners and sugar substitutes is likely to hamper the market.
Emerging Opportunities
High demand for natural and organic polyols and sorbitols is expected to create immense opportunities for the players competing in the market. Manufacturers are developing natural and organic variants of polyols and sorbitols to meet consumer demand for healthier and environmentally friendly products. Moreover, the growing popularity of sugar-free chewing gums and lozenges, especially among consumers with dietary restrictions or oral health concerns is fueling the demand for polyols and sorbitols in these products.
Scope of the Polyols and Sorbitols Products Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
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Attributes
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Details
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Report Title
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Polyols and Sorbitols Products Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2023
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Historic Data
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2017 -2022
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Forecast Period
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2024–2032
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Segmentation
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Product Type (Sorbitols and Polyols), Application (Pharmaceuticals, Food & Beverages, Personal Care & Cosmetics, Industrial, and Others), and End-user (Personal Care & Cosmetics, Food & Beverage Industry, Pharmaceuticals, Industrial, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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BASF SE; Covestro AG; Dow; Huntsman International LLC; INOAC CORPORATION; MITSUI CHEMICALS AMERICA, INC; Perstorp; Repsol; and Royal Dutch Shell plc
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Polyols and Sorbitols Products Market Segment Insights
Product Type Segment Analysis
Based on product type, the polyols and sorbitols products market is divided into sorbitols and polyols. The sorbitols segment held the major share of the market in 2023, due to their wide-ranging applications across various industries, including food and beverages, pharmaceuticals, and personal care. Moreover, the growing applications of sorbitols in personal care products, such as toothpaste, mouthwash, and skincare formulations further propels the market.
The polyols segment is expected to expand at a significant growth rate in the coming years, owing to their lower calorie content and reduced impact on blood sugar levels compared to traditional sugars. Moreover, polyols offer similar sweetness and functionality to sugar, making them suitable for a wide range of food and beverage applications, which further fuels the segment.
Application Segment Analysis
On the basis of application, the global market is segregated into pharmaceuticals, food & beverages, personal care & cosmetics, industrial, and others. The food & beverages segment held largest market share in 2023, due to the increasing consumer demand for healthier food and beverage options containing polyols and sorbitols as sugar substitutes. Moreover, the versatility of polyols and sorbitols allows for their incorporation into diverse products, such as confectionery, bakery, dairy, and beverages further boosting their widespread adoption in the food and beverage industry.
The pharmaceuticals segment is anticipated to grow at a substantial CAGR during the forecast period, owing to the growing use of polyols and sorbitols for their versatile properties and functional benefits. Additionally, advancements in drug formulation techniques with polyols and sorbitols into novel dosage forms and therapeutic applications fuel the demand for polyols and sorbitol in the pharmaceutical industry.
End-user Segment Analysis
Based on end-user, the polyols and sorbitols products market is segmented into personal care & cosmetics, food & beverage industry, pharmaceuticals, industrial, and others. The pharmaceuticals segment is projected to register a robust growth rate during the assessment years, rising prevalence of lifestyle-related diseases such as diabetes and obesity has led to increased demand for medications and dietary supplements fortified with polyols and sorbitols.
These ingredients offer potential health benefits, including blood sugar control and weight management which makes them valuable additions to pharmaceutical products targeting these conditions. Furthermore, the increased demand for medications and dietary supplements fortified with polyols and sorbitols further boosts the market.
Regional Outlook
In terms of region, the global polyols and sorbitols products market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held a major market share in 2023, due to the presence of the largest producers and consumers of polyols and sorbitols, including China, India, and Japan.
The growing demand for low-calorie and sugar-free products is facilitating the adoption of polyols and sorbitols as sugar substitutes. Moreover, rising disposable incomes and changing consumer lifestyles in emerging economies create a high demand for processed and convenience foods, which further boosts the market in the region.
The market in North America is projected to grow at a significant pace in the years to come, owing to the growing concerns about health and sustainability creating a high demand for natural and organic sweeteners among people. Manufacturers in these regions are focusing on developing natural and organic variants of polyols and sorbitols to capitalize on this trend. Moreover, the increasing consumer awareness and regulatory support for natural and organic products are expected to fuel the market during the forecast period.
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According to a report from the U.S. Department of Agriculture released on January 11, 2024, organic retail sales in the U.S. experienced an average annual increase of 8% over the past decade. In 2021, these sales surpassed USD 52 billion, constituting approximately 5.5% of total retail food sales.
Segments
The polyols and sorbitols products market has been segmented on the basis of
Product Type
Application
- Pharmaceuticals
- Food & Beverages
- Personal Care & Cosmetics
- Industrial
- Others
End-user
- Personal Care & Cosmetics
- Food & Beverage Industry
- Pharmaceuticals
- Industrial
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- BASF SE
- Covestro AG
- Dow
- Huntsman International LLC
- INOAC CORPORATION
- MITSUI CHEMICALS AMERICA, INC
- Perstorp
- Repsol
- Royal Dutch Shell plc
Competitive Landscape
Key players competing in the global polyols and sorbitols products market are BASF SE; Covestro AG; Dow; Huntsman International LLC; INOAC CORPORATION; MITSUI CHEMICALS AMERICA, INC; Perstorp; Repsol; and Royal Dutch Shell plc
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. For instances,
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On September 12, 2022, Covestro AG, a prominent chemical producer, unveiled the introduction of bio-circular raw materials derived from sustainable polyether polyols. These polyols are manufactured through the mass balance approach, utilizing renewable precursors sourced from biowaste and residual materials.
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