Increasing inclination towards organic personal care products is one of the significant factors influencing the industrial growth.
Market Size – USD 1.55 Billion in 2021, Industrial growth – CAGR of 6.3%, Market Trends – Rising health issues owing to sugar consumption.
The global sorbitol market is expected to reach USD 2.67 Billion by 2030. Increasing inclination towards organic cosmetic products is anticipated to drive industrial growth. Sorbitol is used in cosmetics as a humectant as well as a thickening agent, among others. As a humectant ingredient, it checks the moisture loss by drawing water from the air through osmosis, therefore maintaining both the skin and the hair’s moisture level. Moreover, it gains frequent use in gel products, owing to its capacity to retain moisture. It is used widely in cosmetics as a thickening agent due to its ability to give favored features such as consistency, viscosity, or adhesion to the products.
The surging growth of the food & beverage is playing a significant role in boosting industrial demand. Sorbitol also finds usage in the making of baked goods, confectionery, and chocolate, wherein the manufactured goods tend to harden or become dry owing to their property to retain the product’s moisture content. Its moisture-stabilizing features help maintain the initial freshness of the manufactured goods during storage, thereby increasing their shelf life. Additionally, sorbitol is very stable as it can bear high temperatures. It is compatible with other food ingredients, including sugars, gelling agents, proteins, and vegetable fats, as well as other kinds of sweeteners.
Furthermore, the increasing demand for sorbitol in personal care products is expected to impact industrial growth. It is mostly in toothpaste and mouthwash products as a moistener as well as a binding agent.
Key participants include America International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont, Merck KGaA, SPI Pharma, Roquette Frères, Tereos Starch & Sweeteners, Ecogreen Oleochemicals Pte. Ltd., and Gulshan Polyols Ltd., among others.
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Further key findings from the report suggest
By product type, the liquid sorbitol segment contributed to a larger share in 2020 and is expected to grow at a rate of 6.1% during the forecast period. The high market demand for liquid sorbitol is due to its increasing demand as a sweetener in the food & beverage and pharmaceutical industries. Besides, economical manufacturing cost and easiness of use of this product type are responsible for its high sectoral share.
By application, direct application held the largest market share in 2020 and is projected to grow at a 5.1% rate during the forecast period.
By End Use, the food & beverage industry dominated the industry in 2020 and is forecasted to experience a growth rate of 5.4% in the period. Sorbitol also finds great application in the food & beverage industry as a sweetener, humectant, and bulking agent, among others.
The North American region accounted for the second-largest market share in 2020 and is forecasted to grow at a rate of 5.0% in the forecast period. The demand for sorbitol in North America is attributed to the growing awareness about the dietary supplements and their nutritional advantages amongst the consumer in the region.
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Baking and confectionery
Skin and personal care
End-use Channel Outlook (Revenue, USD Billion; 2019-2030)
Food and beverages industry
Consumer goods industry
Regional Outlook (Revenue, USD Billion; 2019-2030)
Middle East & Africa
Key Advantages of Sorbitol Report:
Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the Sorbitol industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
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