As per this study the Global Sorbitol Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Sorbitol is polyhydric alcohol with about half the sweetness of sucrose. It is found in fruits and plants with diuretic, laxative and cathartic property. Sorbitol occurs naturally and can be synthesized from glucose as well. It is widely used in food industry as a sweetener, humectant, and texturizing agent. In pharmaceuticals, sorbitol is used instead of sugar to sweeten medications like syrups and lozenges.
The increasing demand for organic products owing to shifting preference of consumer towards a healthy lifestyle is driving the market growth. Also, increasing demand for low-calorie artificial sweeteners especially for diabetic patients is further fuelling the market demand. In addition, favorable government regulations such as the FDA has certified this product as GRAS is further accelerating its demand. However, the fluctuating price of raw materials may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of sorbitol.
The broad sorbitol market has been sub-grouped into form, function and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Bulking Agent
- Flavoring Agent
- Frozen Food
- Dietary Supplements
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for sorbitol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Sorbitol Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the sorbitol market include American International Foods, Archer Daniels Midland (ADM), Cargill, Danisco, Gulshan Polyols Ltd., Ingredion Incorporated, Jeecon Foods Pvt. Ltd., Merck, Roquette, SPI Pharma, Inc., Sorini and Tereos Syral. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.