Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1671.06 Million | USD 3046.43 Million | 6.9% | 2023 |
The global sorbitol production equipment market size was worth around USD 1671.06 million in 2023 and is predicted to grow to around USD 3046.43 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.9% between 2024 and 2032.
In order to give the users of this report a comprehensive view of the sorbitol production equipment market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Sorbitol production equipment involves the assembling of machines that are utilized for the production of sorbitol. Sorbitol is mainly used as an artificial sweetener in food products. Generally, starch is used as a raw material for sorbitol production. Starch crops grain or roots are the basic raw materials. The production process of sorbitol is known as the catalytic glucose hydrogenation process, which is also the most common process for sorbitol production. Sorbitol production is a method for creating sugar alcohol sorbitol through repetitive hydrogenation of glucose aqueous solution. The main machines used in sorbitol production are ion exchangers, evaporators, hydrogenation reactors, and sedimentation and filtration equipment.
The global sorbitol production equipment market is likely to experience a high growth rate in the future, owing to the growing demand for sorbitol by the food and beverage industry. The basic raw materials, such as starch, are cleaned first and then extracted in a wet milling process. This is followed by purification of glucose, which is extracted from starch. The glucose is then turned into its aqueous form. The impurity present in the solution is cleaned via ion exchangers.
After ion exchange, the solution is sent to hydrogenation reactors where hydrogen is added to convert the whole solution turns into sorbitol. Food and beverage manufacturers use sorbitol for sugarless and diet products, which is projected to further the sorbitol production equipment market growth globally in the upcoming years. However, the high installation costs of the sorbitol production equipment may hamper this market’s growth in the future.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view on the sorbitol production equipment market by segmenting the market based on type and region.
Based on the type, the global sorbitol production equipment market is segmented into hydrogenation reactors, evaporators, ion exchangers, sedimentation and filtration tanks, and others.
Report Attributes | Report Details |
---|---|
Report Name | Sorbitol Production Equipment Market |
Market Size in 2023 | USD 1671.06 Million |
Market Forecast in 2032 | USD 3046.43 Million |
Growth Rate | CAGR of 6.9% |
Number of Pages | 110 |
Key Companies Covered | Beijing MecKey Engineering Co., Bosida Machinery, Mukul Engineering Works, Dipesh Engineering Works, Sri Ram Engineering & Fabrication Works, Ilshin Autoclave Co. Ltd., AdEdge Water Technologies, LLC, DSSE, Universal Process Engineers, and Raj Process Equipment and Systems Pvt. Ltd., among others |
Segments Covered | By Type, By Function and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes the demand for sorbitol production equipment market based on all segments in all the regions and countries.
By region, Asia Pacific held an extensive revenue share of the global sorbitol production equipment market in 2017 and is expected to dominate the global market in the upcoming years. This regional growth can be attributed to the easy availability of raw materials that are used for sorbitol production. The agriculture sector is very prominent across the region, which is likely to further fuel this regional market’s growth in the upcoming years. North America is expected to provide lucrative opportunities in the global sorbitol production equipment market over the estimated timeframe, owing to the high demand for sorbitol as a substitute for sugar in the food products and the growing popularity of sorbitol for production equipment
The global sorbitol production equipment market is led by players like:
Global Sorbitol Production Equipment Market: Type Analysis
Global Sorbitol Production Equipment Market: Regional Analysis
FrequentlyAsked Questions
The apparatus and systems utilized in the industrial production of sorbitol, a sugar alcohol that is frequently employed as a sweetener, humectant, and texturizer in food, pharmaceuticals, and cosmetics, are referred to as sorbitol production equipment. Sorbitol is synthesized through the hydrogenation of glucose, a process that entails a sequence of chemical and mechanical reactions.
Sorbitol production apparatus is in high demand due to the growing reliance on sorbitol as a low-calorie sweetener in food and beverages, particularly in sugar-free and diabetic products. Sorbitol's usage as a humectant in cosmetics and as an excipient in pharmaceuticals increases the demand for production apparatus.
The global sorbitol production equipment market size was worth around USD 1671.06 million in 2023 and is predicted to grow to around USD 3046.43 million by 2032.
The global sorbitol production equipment market a compound annual growth rate (CAGR) of roughly 6.9% between 2024 and 2032.
The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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