North America Sorbitol Market, By Category (Organic and Inorganic), Form (Crystallized, Liquid and Powder), Source (Corn, Wheat, Rye and Others), Function (Humectant, Sweetener, Bulking Agent, Stabilizer, Softener and Emulsifier, and Others), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Oral Care, Cosmetics, Industrial Sector and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Sorbitol Market
The North America sorbitol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.6% in the forecast period of 2021 to 2028 and is expected to reach USD 685,354.83 thousand by 2028. Rise in demand for low-calorie products with increase in awareness regarding the health benefits of sorbitol act as a driver for the sorbitol market growth.
Sorbitol is a sugar alcohol found naturally in fruits and plants or derived from starch-rich sources via hydrogenation. Sorbitol has diuretic, laxative, and cathartic properties. Sorbitol has one-third fewer calories and 60% more sweetening activity than sucrose and hence used as an alternative to sugar, especially for diabetic patients. Sorbitol comes in different forms liquid, crystalline, or powder. It is non-carcinogenic and generally odorless. Sorbitol offers various health benefits such as prevent tooth decay, reduce calorie value, prevent diabetes, helps in weight management, and others.
The rise in awareness regarding the health benefits of sorbitol and an increase in demand for sugar alternatives such as sorbitol in the various industries will boost the growth of the sorbitol market. Moreover, the increase in demand for low-calorie food among consumers is expected to propel the market growth in the forecast period. The major significant reasons for the restraint of the sorbitol market are ambiguity related to the side effects of sorbitol and fluctuation in raw material supply due to seasonal variation or post-harvest losses. The changes in prices and supply of sugar and growing demand of sorbitol in the food & beverages industry coupled with growing demand for low-calorie artificial sweetener, acts as an opportunity for the Sorbitol market. Availability of substitute for sorbitol in the market and regulations on sorbitol products acts as challenge for the Sorbitol market growth.
The sorbitol market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the dehydrated onion market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Sorbitol Market Scope and Market Size
The sorbitol market is segmented on the based on the category, form, source, function, and application. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of category, the sorbitol market is segmented into organic and inorganic. In 2021, the inorganic segment is expected to dominate the sorbitol market due to the rise in demand for low-calorie and low-sugar products, which also offer various health benefits.
- On the basis of form, the sorbitol market is segmented into crystallized, liquid, and powder. In 2021, the powder segment is expected to dominate the sorbitol market due to its easy application in various industries and high demand by manufacturers.
- On the basis of source, the global sorbitol market is segmented into corn, wheat, rye, and others. In 2021, the corn segment is expected to dominate the sorbitol market due to the rise in demand for cost-effective and starch-rich raw materials to produce sorbitol to fulfill the growing demand in industries.
- On the basis of function, the global sorbitol market is segmented into humectant, sweetener, bulking agent, stabilizer, softener and emulsifier, and others. In 2021, the humectant segment is anticipated to dominate the global sorbitol market due to the rise in demand for an ingredient with a high capacity to retain moisture and it helps in enhancing the shelf life of the product.
- On the basis of application, the sorbitol market is segmented into food and beverages, animal feed, pharmaceuticals, oral care, cosmetics, industrial sector and others. In 2021, the pharmaceutical segment is anticipated to dominate the global sorbitol market due to increased demand for sorbitol for preparing tablets, capsules, and other pharmaceutical products.
Sorbitol Market Country Level Analysis
The sorbitol market is analyzed, and market size information is provided by the country, category, form, source, function and application as referenced above.
The countries covered in the dehydrated onion market report are the U.S., Canada, and Mexico.
U.S is expected to grow with the highest share in the forecast period of 2021 to 2028 because of increase in awareness regarding the health benefits of sorbitol. Mexico is leading the growth of the North American sorbitol market due to its low production cost.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to enhance the awareness regarding health benefits of Sorbitol is Boosting the Market Growth of Sorbitol market.
The sorbitol market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Sorbitol Market Share Analysis
Sorbitol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to sorbitol market.
The major companies which are dealing in the sorbitol are Roquette Frères, ADM, Ingredion, Cargill, Incorporated, PT. Ecogreen Oleochemicals, Qinhuangdao Lihua Starch Co. Ltd., Zhucheng Dongxiao Biological Technology Co., Ltd, Foodchem International Corporation, Tokyo Chemical Industry Co., Ltd., Alsiano, StartingLine S.p.A., The Sukhjit Starch & Chemicals Ltd., and Life Sciences Limited among others among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contract, agreement and launches are also initiated by the companies’ worldwide which are also accelerating the sorbitol market.
For instance,
- In March 2021, Alsiano announced that they have been appointed as the new partner for the distribution of jover products in the Nordic countries. This partnership benefitted the company to expand the range with a broadline of innovative natural preservatives and reach out to many consumers.
- In March 2021, Foodchem International Corporation launched major events in annual alibaba new trade festival. This will help the company to showcase its new products and bring in front of its customers.
Collaboration, business expansion, award and recognition, joint ventures, and other strategies by the market player is enhancing the company footprints in the sorbitol market which also provides the benefit for organization’s profit growth.
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