Sorbitol boasts diverse applications across industries. Its sweetening properties make it a favored sugar substitute in foods, beverages, and confectionery. With humectant qualities, it enhances moisture retention in products such as baked goods and cosmetics. Sorbitol's non-cariogenic nature benefits oral care products. Pharmaceutical formulations utilize their solubility and stability. Moreover, its low-calorie content suits dietary needs, and it acts as a humectant in skincare. Sorbitol's versatility makes it indispensable in consumables, healthcare, and personal care items.
According to Data Bridge Market Research, the Global Sorbitol Market accounted for USD 1.52 billion in 2021 and is expected to reach USD 2.44 billion by 2029. The market is expected to grow with a CAGR of 6.1% in the forecast period of 2022 to 2029.
“Expanding utilization of sorbitol in the food industry boosts the market’s growth”
The expanding utilization of sorbitol in the food industry is a key driver of the sorbitol market's growth. As a sugar substitute, sorbitol offers sweetness with reduced calories and a lower glycemic index, aligning with rising health-conscious consumer preferences. Its multifunctional properties, including moisture retention and bulking, enhance food product quality. Sorbitol's diverse applications in confectionery, baked goods, and beverages are propelling market expansion, meeting both industry demand for functional ingredients and consumer demand for healthier alternatives.
What restraints the growth of the global sorbitol market?
“Price fluctuations restraints the market’s growth”
Price fluctuations act as a significant restraint on the growth of the sorbitol market. Variations in raw material costs, production, and global economic conditions impact sorbitol's pricing. These fluctuations lead to uncertainty in supply chains and production costs, affecting both manufacturers and consumers. This instability can deter long-term investments and decision-making, limiting market growth potential. Market players must strategize effectively to manage pricing challenges and navigate market dynamics to foster sustainable growth.
Segmentation: Global Sorbitol Market
The global sorbitol market is segmented on the basis of category, form, source, function and application.
- On the basis of category, the sorbitol market is segmented into organic and inorganic.
- On the basis of form, the sorbitol market is segmented into crystallized, liquid, and powder.
- On the basis of source, the sorbitol market is segmented into corn, wheat, rye, and others.
- On the basis of function, the sorbitol market is segmented into humectant, sweetener, bulking agent, stabilizer, softener and emulsifier, and others.
- On the basis of application, the sorbitol market is segmented into food and beverages, animal feed, pharmaceuticals, oral care, cosmetics, industrial sector, and others.
Regional Insights: France is leading the growth of the Global Sorbitol Market
France is leading the growth of the global market as it is a major producer and consumer, France's food and beverage industry extensively uses sorbitol for its multiple benefits, including low-calorie sweetness and functional properties. This robust demand positions France as a key driver in the expanding sorbitol market.
North American sorbitol market dominates due to dominance of sorbitol providers in France underpins its leading position. The country houses a significant number of sorbitol manufacturers, facilitating a strong supply network. This concentration of providers enhances accessibility and availability, contributing to France's pivotal role in propelling the sorbitol market's growth.
Asia-Pacific expected to grow at the fastest rate during the forecast period of 2022 to 2029, surge in sorbitol demand, coupled with favorable production costs, drives market growth. As ready-to-eat and convenience foods gain popularity, sorbitol's multifunctional properties make it an attractive ingredient for enhancing taste, texture, and shelf life. This trend bolsters sorbitol's utilization, contributing to the market's expansion.
Recent developments
- In 2021, Archer Daniels Midland Company, a prominent player in nutrition and agriculture, successfully concluded its acquisition of Sojaprotein. This acquisition adds to ADM's portfolio by integrating Sojaprotein, a major European supplier of non-GMO soy ingredients headquartered in Chicago.
- In 2021, Cargill, a U.S.-based food processing company, intends to purchase Croda's bio-industrial business. This strategic move, valued at around USD 1 billion, further advances Cargill's expansion into biobased chemicals across Europe, Asia, and the Netherlands, as part of their ongoing strategic endeavors.
- In 2020, Ingredion entered into a significant distribution partnership with Batory Foods. This agreement involves establishing a distribution presence in Southern California, aimed at facilitating food and beverage manufacturers in accessing essential ingredients required for the production and promotion of their products.
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The Prominent Key Players Operating in the Global Sorbitol Market Include:
- A.D.M. (U.S.)
- Cargill Incorporated (U.S.)
- Roquette Freres (France)
- Ingredion Incorporated (U.S.)
- Tereos Starch & Sweeteners (Brazil)
- Ecogreen Oleochemicals Pte Ltd (Singapore)
- Gulshan Polyols Ltd. (India)
- Merck GmbH (Germany)
- S.P.I. Pharma, Inc. (U.K.)
- Sukhjit Starch & Chemicals Ltd. (India)
- Dow (U.S.)
- Dupont Inc. (U.S.)
- Gujrat Ambuja Exports Ltd. (India)
- Jeecon Foods Pvt Ltd. (India)
Above are the key players covered in the report, to know about more and exhaustive list of global sorbitol market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Sorbitol Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
