Global Sorbitol Market by Types (Liquid/Syrup Sorbitol and Crystal/Powder Sorbitol), By Functions (Sweeteners, Flavoring Agents, Bulking Agents, Humectants, and others), Applications (Cosmetics & Personal Care, Food, Beverages, Pharmaceuticals, Chemicals, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Sorbitol Market Outlook
The global sorbitol market was valued at USD 3,847 Million in 2019 and is likely reach to USD 5,590.7 Million by 2027, expanding at a CAGR of 5.0% during the forecast period 2020-2027. The market is driven by factors such as growing demand for organic personal care fuels the demand for sorbitol and increasing awareness about dietary supplements and their benefits fuel the demand of sorbitol.
Conversely, adherence to international quality standards and regulations and ambiguity related to the side effects of sorbitol are likely to restrain the market. Growing demand from the food & beverage industry in emerging markets and fluctuations in prices and the supply of sugar to create opportunities are creating opportunities in the market.
Sorbitol Market Dynamics
Increasing consumer preference for products, which have natural ingredients and rising consumer preference for organic personal care & cosmetic products, as they are safe are expected to drive the demand for sorbitol in personal care and cosmetic products. Sorbitol is an additive used in the production procedure of organic and personal care products.
It is a natural humectant, and is widely used in the skin care, oral care, hair care products, and color cosmetics owing to its properties such as moisturizer, tooth decay prevention, and extremely high solubility. Additionally, it is used in dry oral care products. These properties are projected to fuel the demand for products with sorbitol.
Many children and adults in developed countries take one or more dietary supplements or vitamins daily. In addition to the consumption of vitamins, they consume dietary supplements contain herbs, minerals, and other botanicals, enzymes, amino acids, and other ingredients.
These supplements are available in the market in various forms, including capsules, tablets, powders, gummies, energy bars, and drinks.
Increasing awareness about dietary supplements and their nutritional benefits is anticipated to fuel the demand of sorbitol in dietary food and supplements, as they contain sorbitol. Sorbitol is a low-calorie sweetener and can be used as a thickening agent in dietary supplements. These factors are expected to boost the market during forecast period.
Sorbitol is permitted for food and pharmaceutical use in many countries; however, some countries have their own quality standards and regulations for the purity of sorbitol. These regulations are similar and have the same objective, to provide consumers and provide them with high-quality, safe ingredients.
In Europe, sorbitol is considered a food additive and its use in foods is measured by the Sweeteners in Food Regulations. The restrictions are expected to restraint the market growth.
Sorbitol is commercially made from glucose, for the use in packaged food & beverages products. It is added in food products to increase their shelf-life, prevent the precipitation of sugar efficiently, and prevent them from aging and drying.
Additionally, sorbitol is used as a sweetener, thickening agent, and an additive in the food industry. Growing demand of sorbitol from the food & beverages industries to produce sugar-free and dietary products is creating opportunities in the sorbitol market.
Sorbitol Market egmental Outlook
By Type Segment
In terms of types, the sorbitol market is segmented into liquid/syrup sorbitol and crystal/powder sorbitol. The liquid/syrup sorbitol segment dominated the market with a share of 80.9% in 2020. This growth may be attributed to increasing use of liquid/syrup sorbitol as a sugar substitute in the food & beverage and pharmaceutical industries.
The crystal/powder sorbitol segment is anticipated to expand at a CAGR of 4.6% during the forecast period. Sorbitol powder has properties such as a cooling effect, low calorific value, and prevents the oral microorganisms from fermenting. Crystal/Powder sorbitol is used as a food preservative in polydextrose, mint tablets, chewing gum, and another sugar-free food.
By Functions Segment
On the basis functions, the market is segmented into sweeteners, flavoring agents, bulking agents, humectants, and others. The sweeteners segment is expected to account for market share of 46.4% in 2019. Sorbitol is used as sweetener in It is used as a low-calorie sweetener in mouthwashes, toothpastes, lozenges, medicinal syrups, vitamin/mineral supplements, and drugs.
Sorbitol is added as a low-calorie sweetener in several commercial foods. The humectants segment is anticipated to expand at a CAGR of 5.0% during the forecast period Sorbitol is used as a humectant in various products, owing to its moisture-stabilizing properties are used for making baked goods, confectionery, and chocolate to prevent foods from hardening or drying.
By Applications Segment
Based on applications, the market is categorized as cosmetics & personal care, food, beverage, pharmaceutical, chemical, and others. The cosmetics & personal care segment is further bifurcated into oral care, skin care, hair care, cosmetics, shaving creams, and soaps & detergents.
The food segment is further segmented as confectionery products, bakery products, frozen desserts, and diabetic & dietetic food.
The beverage segment is further divided into diet soda and fruit juices & syrups. The pharmaceutical segment is further classified as medicines, creams & emulsions, and medicated confectionery.
Sorbitol Market Region Wise Outlook
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America held a significant share of the market in 2019 owing to the increasing demand for organic cosmetic & personal care products in the region.
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 also expected to grow significantly during the forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-Depth Analysis of the Sorbitol Market.
- Historical, Current and Projected Market Size in Terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on From Sorbitol Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sorbitol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sorbitol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sorbitol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sorbitol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sorbitol Market Size & Forecast, 2017-2027
4.5.1 Sorbitol Market Size and Y-o-Y Growth
4.5.2 Sorbitol Market Absolute $ Opportunity
Chapter 5 Global Sorbitol Market Analysis and Forecast By Product Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Product Types
5.1.2 Basis Point Share (BPS) Analysis By Product Types
5.1.3 Absolute $ Opportunity Assessment By Product Types
5.2 Sorbitol Market Size & Volume Forecast By Product Types
5.2.1 liquid/Syrup Sorbitol
5.2.2 Crystal/Powder Sorbitol
5.3 Market Attractiveness Analysis By Product Types
Chapter 6 Global Sorbitol Market Analysis and Forecast By Functions
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Functions
6.1.2 Basis Point Share (BPS) Analysis By Functions
6.1.3 Absolute $ Opportunity Assessment By Functions
6.2 Sorbitol Market Size & Volume Forecast By Functions
6.2.1 Sweeteners
6.2.2 Flavoring Agents
6.2.3 Bulking Agents
6.2.4 Humectants
6.2.5 Others
6.3 Market Attractiveness Analysis By Functions
Chapter 7 Global Sorbitol Market Analysis and Forecast By Applications
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Applications
7.1.2 Basis Point Share (BPS) Analysis By Applications
7.1.3 Absolute $ Opportunity Assessment By Applications
7.2 Sorbitol Market Size & Volume Forecast By Applications
7.2.1 Cosmetics & Personal Care
7.2.1.1 Oral Care
7.2.1.2 Skin Care
7.2.1.3 Hair Care
7.2.1.4 Cosmetics
7.2.1.5 Shaving Creams
7.2.1.6 Soaps & Detergents
7.2.2 Food
7.2.2.1 Confectionery Products
7.2.2.2 Bakery Products
7.2.2.3 Frozen Desserts
7.2.2.4 Diabetic & Dietetic Food
7.2.3 Beverage
7.2.3.1 Diet Soda
7.2.3.2 Fruit Juices & Syrups
7.2.4 Pharmaceutical
7.2.4.1 Medicines
7.2.4.2 Creams & Emulsions
7.2.4.3 Medicated Confectionery
7.2.5 Medical Confectionary
7.2.6 Others
7.3 Market Attractiveness Analysis By Applications
Chapter 8 Global Sorbitol Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Sorbitol Market Size & Volume Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Sorbitol Analysis and Forecast
10.1 Introduction
10.2 North America Sorbitol Market Size & Volume Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Sorbitol Market Size & Volume Forecast By Product Types
10.6.1 liquid/Syrup Sorbitol
10.6.2 Crystal/Powder Sorbitol
10.7 Basis Point Share (BPS) Analysis By Product Types
10.8 Absolute $ Opportunity Assessment By Product Types
10.9 Market Attractiveness Analysis By Product Types
10.10 North America Sorbitol Market Size & Volume Forecast By Functions
10.10.1 Sweeteners
10.10.2 Flavoring Agents
10.10.3 Bulking Agents
10.10.4 Humectants
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Functions
10.12 Absolute $ Opportunity Assessment By Functions
10.13 Market Attractiveness Analysis By Functions
10.14 North America Sorbitol Market Size & Volume Forecast By Applications
10.14.1 Cosmetics & Personal Care
10.14.1.1 Oral Care
10.14.1.2 Skin Care
10.14.1.3 Hair Care
10.14.1.4 Cosmetics
10.14.1.5 Shaving Creams
10.14.1.6 Soaps & Detergents
10.14.2 Food
10.14.2.1 Confectionery Products
10.14.2.2 Bakery Products
10.14.2.3 Frozen Desserts
10.14.2.4 Diabetic & Dietetic Food
10.14.3 Beverage
10.14.3.1 Diet Soda
10.14.3.2 Fruit Juices & Syrups
10.14.4 Pharmaceutical
10.14.4.1 Medicines
10.14.4.2 Creams & Emulsions
10.14.4.3 Medicated Confectionery
10.14.5 Chemicals
10.14.6 Others
10.15 Basis Point Share (BPS) Analysis By Applications
10.16 Absolute $ Opportunity Assessment By Applications
10.17 Market Attractiveness Analysis By Applications
Chapter 11 Europe Sorbitol Analysis and Forecast
11.1 Introduction
11.2 Europe Sorbitol Market Size & Volume Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Sorbitol Market Size & Volume Forecast By Product Types
11.6.1 liquid/Syrup Sorbitol
11.6.2 Crystal/Powder Sorbitol
11.7 Basis Point Share (BPS) Analysis By Product Types
11.8 Absolute $ Opportunity Assessment By Product Types
11.9 Market Attractiveness Analysis By Product Types
11.10 Europe Sorbitol Market Size & Volume Forecast By Functions
11.10.1 Sweeteners
11.10.2 Flavoring Agents
11.10.3 Bulking Agents
11.10.4 Humectants
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Functions
11.12 Absolute $ Opportunity Assessment By Functions
11.13 Market Attractiveness Analysis By Functions
11.14 Europe Sorbitol Market Size & Volume Forecast By Applications
11.14.1 Cosmetics & Personal Care
11.14.1.1 Oral Care
11.14.1.2 Skin Care
11.14.1.3 Hair Care
11.14.1.4 Cosmetics
11.14.1.5 Shaving Creams
11.14.1.6 Soaps & Detergents
11.14.2 Food
11.14.2.1 Confectionery Products
11.14.2.2 Bakery Products
11.14.2.3 Frozen Desserts
11.14.2.4 Diabetic & Dietetic Food
11.14.3 Beverage
11.14.3.1 Diet Soda
11.14.3.2 Fruit Juices & Syrups
11.14.4 Pharmaceutical
11.14.4.1 Medicines
11.14.4.2 Creams & Emulsions
11.14.4.3 Medicated Confectionery
11.14.5 Chemicals
11.14.6 Others
11.15 Basis Point Share (BPS) Analysis By Applications
11.16 Absolute $ Opportunity Assessment By Applications
11.17 Market Attractiveness Analysis By Applications
Chapter 12 Asia Pacific Sorbitol Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Sorbitol Market Size & Volume Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Sorbitol Market Size & Volume Forecast By Product Types
12.6.1 liquid/Syrup Sorbitol
12.6.2 Crystal/Powder Sorbitol
12.7 Basis Point Share (BPS) Analysis By Product Types
12.8 Absolute $ Opportunity Assessment By Product Types
12.9 Market Attractiveness Analysis By Product Types
12.10 Asia Pacific Sorbitol Market Size & Volume Forecast By Functions
12.10.1 Sweeteners
12.10.2 Flavoring Agents
12.10.3 Bulking Agents
12.10.4 Humectants
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Functions
12.12 Absolute $ Opportunity Assessment By Functions
12.13 Market Attractiveness Analysis By Functions
12.14 Asia Pacific Sorbitol Market Size & Volume Forecast By Applications
12.14.1 Cosmetics & Personal Care
12.14.1.1 Oral Care
12.14.1.2 Skin Care
12.14.1.3 Hair Care
12.14.1.4 Cosmetics
12.14.1.5 Shaving Creams
12.14.1.6 Soaps & Detergents
12.14.2 Food
12.14.2.1 Confectionery Products
12.14.2.2 Bakery Products
12.14.2.3 Frozen Desserts
12.14.2.4 Diabetic & Dietetic Food
12.14.3 Beverage
12.14.3.1 Diet Soda
12.14.3.2 Fruit Juices & Syrups
12.14.4 Pharmaceutical
12.14.4.1 Medicines
12.14.4.2 Creams & Emulsions
12.14.4.3 Medicated Confectionery
12.14.5 Chemicals
12.14.6 Others
12.15 Basis Point Share (BPS) Analysis By Applications
12.16 Absolute $ Opportunity Assessment By Applications
12.17 Market Attractiveness Analysis By Applications
Chapter 13 Latin America Sorbitol Analysis and Forecast
13.1 Introduction
13.2 Latin America Sorbitol Market Size & Volume Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Sorbitol Market Size & Volume Forecast By Product Types
13.6.1 liquid/Syrup Sorbitol
13.6.2 Crystal/Powder Sorbitol
13.7 Basis Point Share (BPS) Analysis By Product Types
13.8 Absolute $ Opportunity Assessment By Product Types
13.9 Market Attractiveness Analysis By Product Types
13.10 Latin America Sorbitol Market Size & Volume Forecast By Functions
13.10.1 Sweeteners
13.10.2 Flavoring Agents
13.10.3 Bulking Agents
13.10.4 Humectants
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Functions
13.12 Absolute $ Opportunity Assessment By Functions
13.13 Market Attractiveness Analysis By Functions
13.14 Latin America Sorbitol Market Size & Volume Forecast By Applications
13.14.1 Cosmetics & Personal Care
13.14.1.1 Oral Care
13.14.1.2 Skin Care
13.14.1.3 Hair Care
13.14.1.4 Cosmetics
13.14.1.5 Shaving Creams
13.14.1.6 Soaps & Detergents
13.14.2 Food
13.14.2.1 Confectionery Products
13.14.2.2 Bakery Products
13.14.2.3 Frozen Desserts
13.14.2.4 Diabetic & Dietetic Food
13.14.3 Beverage
13.14.3.1 Diet Soda
13.14.3.2 Fruit Juices & Syrups
13.14.4 Pharmaceutical
13.14.4.1 Medicines
13.14.4.2 Creams & Emulsions
13.14.4.3 Medicated Confectionery
13.14.5 Chemicals
13.14.6 Others
13.15 Basis Point Share (BPS) Analysis By Applications
13.16 Absolute $ Opportunity Assessment By Applications
13.17 Market Attractiveness Analysis By Applications
Chapter 14 Middle East & Africa (MEA) Sorbitol Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Sorbitol Market Size & Volume Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Sorbitol Market Size & Volume Forecast By Product Types
14.6.1 liquid/Syrup Sorbitol
14.6.2 Crystal/Powder Sorbitol
14.7 Basis Point Share (BPS) Analysis By Product Types
14.8 Absolute $ Opportunity Assessment By Product Types
14.9 Market Attractiveness Analysis By Product Types
14.10 Middle East & Africa (MEA) Sorbitol Market Size & Volume Forecast By Functions
14.10.1 Sweeteners
14.10.2 Flavoring Agents
14.10.3 Bulking Agents
14.10.4 Humectants
14.10.5 Others
14.11 Basis Point Share (BPS) Analysis By Functions
14.12 Absolute $ Opportunity Assessment By Functions
14.13 Market Attractiveness Analysis By Functions
14.14 Middle East & Africa (MEA) Sorbitol Market Size & Volume Forecast By Applications
14.14.1 Cosmetics & Personal Care
14.14.1.1 Oral Care
14.14.1.2 Skin Care
14.14.1.3 Hair Care
14.14.1.4 Cosmetics
14.14.1.5 Shaving Creams
14.14.1.6 Soaps & Detergents
14.14.2 Food
14.14.2.1 Confectionery Products
14.14.2.2 Bakery Products
14.14.2.3 Frozen Desserts
14.14.2.4 Diabetic & Dietetic Food
14.14.3 Beverage
14.14.3.1 Diet Soda
14.14.3.2 Fruit Juices & Syrups
14.14.4 Pharmaceutical
14.14.4.1 Medicines
14.14.4.2 Creams & Emulsions
14.14.4.3 Medicated Confectionery
14.14.5 Chemicals
14.14.6 Others
14.15 Basis Point Share (BPS) Analysis By Applications
14.16 Absolute $ Opportunity Assessment By Applications
14.17 Market Attractiveness Analysis By Applications
Chapter 15 Competition Landscape
15.1 Sorbitol Market: Competitive Dashboard
15.2 Global Sorbitol Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Roquette Frères.
15.3.2 Cargill, Incorporated.
15.3.3 Ingredion Incorporated
15.3.4 Gulshan Polyols Ltd.
15.3.5 Kashyap Sweeteners Ltd.
15.3.6 Gujarat Ambuja Exports Limited
15.3.7 ADM
15.3.8 The Sukhjit Starch & Chemicals Ltd.
15.3.9 SPI Pharma
15.3.10 Merck KGaA
15.3.11 PT. Ecogreen Oleochemicals
15.3.12 Tereos
15.3.13 QinHuangDao LiHua Starch Co.,Ltd
15.3.14 Jeecon Foods Private Limited
15.3.15 Gayatri Bio-organics
15.3.16 DuPont de Nemours, Inc.
15.3.17 PT Sorini Towa Berlian Corporindo