Rising Demand for Sorbitol is Driving the Global Sorbitol Market

Author : Leena Shedmake | Published On : 08 Apr 2024

The global sorbitol market is estimated to be valued at US$ 1.89 Billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031. Sorbitol is a sugar alcohol that is produced by the hydrogenation of glucose. It is a sweet-tasting white crystalline powder that is metabolized slowly, making it low in calories. Sorbitol finds wide applications in various industries like food & beverages, pharmaceuticals, personal care, and others owing to its advantages like its sugar-free and low calorie nature, humectant properties, and stability in dry mixes. The rising health awareness and preference for low calorie and sugar-free products has been driving the demand for sorbitol globally.

Key Takeaways
Key players operating in the Sorbitol Market Demand are American International Foods, Inc., ADM, Cargill Incorporated, DuPont, Gulshan Polyols Ltd., Merck KGaA, Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frères, SPI Pharma, Tereos, Ingredion Incorporated, Kasyap Sweeteners, Ltd., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica.

Key opportunities in the global sorbitol market include its growing applications in oral care products owing to its humectant properties that help retain moisture. Its wide usage in various gum formulations, breath fresheners, and toothpastes is also presenting opportunities for market growth. Moreover, increasing demand for sugar-free food products from health-conscious consumers across regions like North America and Europe is boosting market opportunities.

Major players in the sorbitol market are focusing on global expansion by enhancing their production capacities and distribution networks across Asian countries as well as Europe and North America. Countries like China, India, Japan, Indonesia are anticipated to provide high growth opportunities owing to rising disposable incomes, growing health awareness, and increasing demand for nutrition and low calorie foods.

Market Drivers:
- Rising demand for sugar-free and low calorie food products owing to increasing health awareness among consumers globally is a major factor driving the sorbitol market growth. It finds application as a sugar substitute in various food products like candy, chewing gum, baked goods etc.

Market Restrains:
- Availability of substitutes like xylitol and maltitol pose significant threat to the sorbitol market growth. Many players are focusing on developing alternative sugar alcohols with better functional properties, easy availability and competitive pricing which can hamper the sorbitol market demand.

Segment Analysis
The global sorbitol market is dominated by the food & beverages sub segment. Sorbitol is widely used as a sugar substitute and humectant in various food products such as baked goods, candies, toothpastes, and non-carbonated beverages. It enhances the shelf-life and moisture retention in products. Growing health consciousness among consumers and increasing demand for low calorie foods have further propelled the usage of sorbitol as a sugar substitute in recent years. The pharmaceutical sub segment also holds significant share in the market. Sorbitol acts as an excipient and lubricant in the manufacture of tablets and other oral medicines. It provides bulk and acts as a laxative when consumed in large quantities.

Global Analysis
The Asia Pacific region currently dominates the global sorbitol market and is expected to continue its lead over the forecast period. This can be attributed to rising health consciousness and population in countries like China and India. Robust growth of food processing and pharmaceutical industries in these developing economies offers vast untapped growth opportunities. Europe holds the second largest market share on account of widespread usage of sorbitol in various food applications such as baked goods and confectionery items. North America also captures sizable revenue share and is slated for steady gains through 2031. Countries like the US and Canada have strong pharmaceutical base which necessitates use of sorbitol as an excipient.

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