Zion Market Research has published a new report titled “Sorbitol Market (Crystal/Powder Sorbitol and Liquid/Syrup Sorbitol) for Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, Chemicals & Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global sorbitol market was valued at USD 1.17 billion in 2016, is expected to reach USD 1.59 billion in 2022 and is anticipated to grow at a CAGR of 5.3% between 2017 and 2022.
Sorbitol is a sugar alcohol, which is metabolized slowly in a human body. Sorbitol is a healthier alternative to sugar and it provides dietary energy because of its nutritive sweetener nature. Sorbitol is available in two forms viz. liquid/syrup and crystal/powder. It is widely used as a partial replacement for sucrose (table sugar) in sugar-free foods, chewing gums, and candies.
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The global demand for sorbitol is expected to witness significant growth in the food & beverages and personal care applications in the near future. These segments are expected to have a maximum share in terms of value and volume in the sorbitol global market. The key driver for increasing demand of sorbitol is from food and beverage application products. Food and beverage manufacturers are using sorbitol for sugarless & diet products. Sorbitol has stiffness and moisture properties that help in prepare personal care products. Irregular raw material prices and side effects due to excessive consumption of sorbitol are the restraining factors for the sorbitol market. Rising concern about diabetic and dietetic population helps to generate awareness about sugar substitute and anxiety about health.
Sorbitol market is segmented on the basis of type, application, and region. On the basis of type, the market is classified into crystal/powder sorbitol and liquid/syrup sorbitol. Liquid/syrup sorbitol type is more suitable for several applications and it has led to a huge demand in 2016. The adoption of liquid/syrup sorbitol has increased in regular consumer applications as a low-calorie sugar substitute in the past few years. In addition, it has a greater demand in all regions owing to its low manufacturing cost. Powder sorbitol type has limited applications in industries viz. food and pharmaceutical.
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Sorbitol is used in applications, including, food & beverage, pharmaceuticals, cosmetics & personal care, chemicals, and others. Liquid/syrup sorbitol is more cost-effective than crystal/powder sorbitol due to be a simpler process and minimum cost. Liquid/syrup sorbitol used in toothpaste, mints, cough syrups, sugar-free, diet drinks, chewing gum, mouth fresheners, skin care, hair care, cosmetics, soaps & detergents, and shaving creams. Globally, personal care segment is expected to be the fastest-growing application segment of the sorbitol market. Sorbitol has higher demand in food and beverages because of its sweetener and flavoring agent. It is used in diet drinks, bakery products, ice cream, jellies, and candies. In the pharmaceutical industry, sorbitol is used to provide a sweet taste to medicines, cough syrups, tablets. Sorbitol has moisture-stabilizing and stiffness properties, that that helps in used as a part of the generation of a pastry shop, bakery goods and chocolate where things tend to twist up evidently dry or solidify. It plays a major role in personal care applications like toothpaste, mouthwash, creams, moisture, etc.
In 2016, Asia Pacific was the largest market for the sorbitol followed by North America and Europe. The global obesity and increasing diabetic patients have raised the demand for sugar-free products. There is little scope for the sugar-free product as compared to other products in North American and European countries. Favorable Government rules & regulations and raising foreign direct investment (FDI) are accelerating the growth of the sorbitol market. Government is giving an opportunity to the pharmaceuticals and personal care companies in the Asia Pacific region.
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The sorbitol industry remains fragmented, with the presence of a large number of companies. Key players profiled in the report include Cargill, Ingredion Incorporated, Tereos Starch & Sweeteners, Archer Daniels Midland, SPI Pharma, Merck Group, Sukhjit Starch & Chemicals Ltd, Gulshan Polyols, Roquette Freres, Other prominent companies include American International foods, Ecogreen Oleo chemicals. The major players are engaged in intense research and development of sorbitol. The key players are taking active measures to develop their products and expand their production capabilities in near future.
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