Sorbitol Market Size, Share, Growth, Trends, and Forecast 2032

Sorbitol Market Insights

According to Zion Market Research, the global Sorbitol Market was worth USD 1598.2 Million in 2023. The market is forecast to reach USD 2583.23 Million by 2032, growing at a compound annual growth rate (CAGR) of 5.48% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Sorbitol Market industry over the next decade.

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Sorbitol Market: Overview   

Syrup/Liquid sorbitol is more preferable in various applications and resulted during a huge growth of the sorbitol market in 2018. The demand for liquid sorbitol has elevated as a choice to sugar in a normal commodity, powering the event of the sorbitol market. Seeing from the manufacturing viewpoint, liquid sorbitol features a lower cost for production as compared to powder/crystal sorbitol. This is often the most reason for the expansion of the sorbitol market. Inconsistent prices of staples and side effects due to immoderate usage of sorbitol are the hindering factors for the worldwide sorbitol market.

The global Sorbitol Market has witnessed a decrease in the sales for overall food and beverages products due to the lockdown enforcement placed by governments to contain COVID spreading. People had no option but to remain indoors, so the consumption of products be it cosmetics, food and personal care had decreased drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for Sorbitol.

Sorbitol Market: Growth Factors

In recent years, there has been an unceasing rise in life expectancy and more attention to quality. Consumers are progressively becoming more aware of their health and have started paying more attention to their lifestyles and healthy diets, which has rushed the demand for Sorbitol across the globe. This is due to sorbitol is a sugar substitute with low-calorie, which is used in many products such as candy, gum, ice cream, baked goods, cosmetics, toothpaste, personal care, and pharmaceuticals.

Also, the young generation giving more importance to their fitness may drive the market growth in a positive way within the near future. Growing interest, increasing healthcare expenditure, and rising awareness among people regarding proper diet which advances a system are a number of the key factors boosting the worldwide Sorbitol market.

Sorbitol Market: Segment Analysis

The global sorbitol market has been divided into majorly two kinds such as crystal/powder sorbitol and liquid/syrup sorbitol. Liquid/syrup sorbitol is produced by various processes such as hydrogenation, purification of dextrose, and purification. Crystal/powder sorbitol is produced via the spray drying technique. Liquid/syrup sorbitol has an easy process for manufacturing and a moderately lower cost in comparison to crystal/powder sorbitol. Liquid/syrup sorbitol has integrated a broad application region and higher usage in the global sorbitol market in comparison to crystal/powder sorbitol.

Based on application, the personal care segment dominated the market in 2020 followed by food and beverages and pharmaceuticals. Other major product segments include chemicals, paper production, among others. Rising demand for functional snack and cereal bars like energy bars, protein bars, and nutrition bars is anticipated to significantly drive growth over the forecast period.

Sorbitol Market: Report Scope

Sorbitol Market: Regional Analysis

Rising FDI and favorable government regulation for personal care products & pharmaceuticals divisions are likely to boost requirements in the Asia Pacific area. The North American and European areas provide noteworthy developmental ability in the coming years for the sorbitol market. This is mainly due to elevated use in personal care and food & beverages applications. The US has proved to be the largest consumer, experiencing the highest demand for these products in the region, owing to growing health consciousness and increasing disposable income of consumers.

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Sorbitol Market: Key Players & Competitive Landscape

Some of the key manufacturers included in the study are

• Cargill
• Ingredion Incorporated
• Tereos Starch & Sweeteners
• Archer Daniels Midland
• SPI Pharma
• Merck Group
• Sukhjit Starch & Chemicals Ltd
• Gulshan Polyols
• ADM
• Roquette Freres
• American International foods
• Ecogreen Oleochemicals

The global Sorbitol market is segmented as follows:  

By Type

• Crystal/Powder Sorbitol
• Liquid/Syrup Sorbitol

By Application 

• Food and Beverages
• Pharmaceuticals
• Personal care products
• Chemicals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa