Sorbitol Market To Surpass Usd 2.48 Billion By 2029 | Cagr 6.2%, Size, Trends, Growth Statistics, Opportunities With Key Players And Forecast 2029 X Herald


(MENAFN- Ameliorate Digital Consultancy) sorbitol Market size is expected to grow from USD 1.47 billion in 2022 to USD 2.48 billion by 2029, anticipated to witness moderate growth during 2023-2029 with a CAGR 6.2%.


Sorbitol Market To Surpass Usd 2.48 Billion By 2029 | Cagr 6.2%, Size, Trends, Growth Statistics, Opportunities With Key Players And Forecast 2029  X Herald Image

Sorbitol

Sorbitol Market 2023 is a comprehensive study accumulated to provide the latest information on acute market features. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price and other substantial factors. While emphasizing the key driving and restraining forces for this Sorbitol market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The Sorbitol market research study's goal is to conduct a thorough investigation of the market to learn more about it and its potential for growth. This gives the client a thorough understanding of the industry and business from past, present, and future perspectives, helping them to deploy resources and make sensible financial decisions.

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Market Dynamics

Driver: Increasing adoption of sorbitol in personal care products and maximizing the shelf life

Consumption of personal care products demand is rising at a steady growth rate. With the growing population, disposable income and urbanization and consumer demand for personal care products are generating significant demand for sorbitol. Sorbitol is an organic synthetic sweetener are used for manufacturing oral-care products such as tooth paste and mouth freshener. The FDA has recognized sorbitol for the benefit of oral health. Sorbitol is used as a prebiotic ingredient in skincare as a hydrating and moisturizing agent.

Market Trends: It has several nutritional benefits which are boosting its sorbitol market growth

The market is anticipated to witness significant growth over the forecast period on account of its growing applications in various industries such as food & beverage, pharmaceuticals, cosmetics, and others.

In terms of application, the food & beverage segment held the largest share of the global sorbitol market and is expected to maintain its dominance over the forecast period. Sorbitol is used as a sweetener in various food items such as confectioneries, desserts, bakery products, and chewing gums. Moreover, it is also used as a humectant and texturizer in baked goods and frozen desserts.

Market Restraints: Substitutional threat from other sweeteners and shortages of commodities

The global sorbitol market is expected to grow at a moderate pace during the forecast period. The market is hindered by various factors such as stringent regulations, volatile raw material prices, and health concerns associated with the consumption of sugar alcohols.

Stringent regulations regarding the use of sugar alcohols in food and beverage products are restraining the growth of the sorbitol market. Sugar alcohols are classified as GRAS (generally recognized as safe) ingredients by the US FDA. However, their use is restricted to a maximum level of 10% by weight in food products in the European Union. This is limiting the use of sorbitol in food and beverage applications, thereby restraining the growth of the sorbitol market.

Some Key Competitors of the Market are –

Cargill, Du-Point, Adm Company, Roquette Freres, Archer Daniels Midland Company, American International Foods Inc., Spi Pharma Inc, Merck Kga, Kasyap Sweeteners, Ltd., Pfizer Inc.

Sorbitol Market Recent Developments
  • In 2021, Archer Daniels Midland Company, a global leader in nutrition and agricultural origination and processing, announced today that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients in Chicago.
  • In 2021, US-based food processor Cargill plans to acquire the bio-industrial business of the British specialty chemical maker Croda for about USD 1 billion to is continuing its push into biobased chemicals in Europe, Asia, and the Netherlands.
  • In 2020, Ingredion has signed a strategic distribution agreement with Batory Foods. The arrangement has been integrated for Ingredion's distributor's presence in Southern California for helping food and beverage manufacturers to get the ingredients which they require for producing and bringing their products to the market.
Sorbitol Market Segmentation:

Sorbitol Market by Type/Form, 2023-2029, (USD Million) (Kilo Tons)

  • Liquid
  • Crystal

Sorbitol Market by Application, 2023-2029, (USD Million) (Kilo Tons)

  • Cosmetics & Personal Care
  • Food & Beverage
  • Pharmaceuticals
  • Confectionery
  • Others
The Global version of Sorbitol Market Analysis by Regions –

– North America (the USA, Canada, and Mexico)

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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Several of the marketplace statistics taken into account in the analysis include the ones that follow:

Market size:

  • The study offers an overview of the market's size in terms of sales or value. The size and possibilities of the Sorbitol market are better understood by stakeholders thanks to this data.

The growth rate of the market:

  • The analysis examines the market's past and future growth rates. The market's growth track and potential futures are revealed by this statistic.

Trends in the market:

  • The research identifies and examines the current trends in the Sorbitol Technological developments, governmental reforms, consumer preferences, and business tactics may all be part of this trend.

Market fluctuations:

  • The report looks at the major factors that are affecting the market, including opportunities, challenges, and restraints. This statistical analysis aids in stakeholders' decision-making by assisting them in understanding market dynamics.

Industry forecast:

  • Based on prior performance data and current market trends, the research forecasts the market's future performance. This statistical projection aids players in evaluating the market's potential and developing appropriate strategies.

Analysis of the competition:

  • The study provides statistical information on the market share, earnings, and rate of expansion of the major competitors in the Sorbitol This study enables participants to assess their standing in the market and appreciate the competitive context.
Table of Contents:
  • Introduction of the Global Sorbitol Market
    – Overview of the Market
    – Scope of Report
    – Assumptions
  • Executive Summary
  • Research Methodology of Exactitude Consultancy
    – Data Mining
    – Validation
    – Primary Interviews
    – List of Data Sources
  • Global Sorbitol Market Outlook
    – Overview
    – Market Dynamics
    – Drivers
    – Restraints
    – Opportunities
    – Porters Five Force Model
    – Value Chain Analysis
  • Global Sorbitol Market, By Product
  • Global Sorbitol Market, By Application
  • Global Sorbitol Market, By Geography
    – North America
    – Europe
    – Asia Pacific
    – Rest of the World
  • Sorbitol Manufacturing Cost Analysis
  • Global Sorbitol Market Competitive Landscape
    – Overview
    – Company Market Ranking
    – Key Development Strategies
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Company Profiles
  • Appendix

    To be continued.....

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