Market Overview:
The sorbitol are widely used in food and
beverage, pharmaceuticals, cosmetic and personal care products and other applications.
The growing use of sorbitol in the personal care and homecare products is the
major factor driving the growth of the market during the forecast years.
The global sorbitol market is spanned across
five regions of the world namely, Latin America Asia Pacific, North America,
Europe and the Middle East & Africa. Among these, Asia Pacific holds the
major share of the global market and is projected to be the fastest growing
market, owing to the increasing consumption of sorbitol in the food and beverage,
and personal care industry among others. Moreover, the growing GDP and
purchasing power in the developing region has augmented the demand for homecare
and personal care products which is another factor contributing to the growth
of the market. In addition to this, the increasing investment by the government
in the developing of retail sector has resulted in faster supply of consumer
goods in turn adding to the market of sorbitol in the region. The major
countries attributing to this growth are China and India. The North American
market is expected to show considerable growth during the assessed years. This
growth is mainly attributed by the growing adoption of sorbitol in the food and
beverage owing to the low calorie content of the product. Moreover, the growing
demand of sorbitol from the developed personal care & cosmetics and
pharmaceutical industry is also adding to the market growth.
Industry Segmentation:
The global Sorbitol market is segmented into
function, type and end-use. On the basis of the form, the market is segregated
into liquid form and crystal form. The market by the function is categorized
into sweetener, bulking agent, flavoring agent, humectant, and others. The
market by end-user is further bifurcated into food and beverage,
pharmaceuticals, cosmetic and personal care, chemicals, and others (paper
industry, packaging, plastic industry).
Key Players
Ø Roquette Freres
Ø Cargill Inc.
Ø Tereos Starch & Sweeteners
Ø Archer Daniel Midland
Ø Ingredion Inc.
Ø Ecogreen Oleochemicals Pte. Ltd
Ø Merck Group
Ø Daisco
Ø Qinhuangdao Lihua Starch Company Ltd
Ø Sigma-Aldrich Company
Ø Tereos
Ø Gulshan Polyols Ltd
Regional Analysis
The Sorbitol market is segmented across five
regions: Europe, Latin America, Asia Pacific, North America and the Middle East
& Africa. Among these, Asia Pacific is the largest market and is expected
to grow at an expanding CAGR during the assessed period. The growing
development of end-use industries in the region are the major factors driving
the growth of the Sorbitol market. Moreover, adoption rate in the food and
beverage industry along with the growing demand for cosmetic & personal
care products is expected to have a positive impact on the growth of the
market. Furthermore, the growing consciousness amongst the population about the
health benefits of sorbitol along with the demand for sugar-free food and
beverages is further surging the market demand.
North America followed by Europe is expected to
show steady growth during the assessment period. The developed personal care
and food & beverage industry are the major factors driving the market of
this region. Moreover, the fast-paced lifestyle and the growing working
population have augmented the demand for convenience food in the region, in
turn, adding to the growth of the market. The major growth in the Sorbitol
market is attributed to the U.S. and Canada in the North American region. The
developed personal home care industries in the European region is anticipated
to drive the European market positively. The major countries attributing
to this growth are Germany, Italy, and the U.K among others.
Intended Audience
- Sorbitol market
manufacturers
- Traders
and Distributors of Sorbitol market
- Production
process industries
- Potential
investors
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