The Asia Pacific sorbitol market is currently the leading region in the global market, driven by the higher flow of FDI into pharmaceutical firms and personal care industries in China and India. China is the leading polyol market in the Asia Pacific as well as the global market. China, in conjunction with India, contributes to almost 50% of the global sorbitol output. The growth of the sorbitol industry, globally, is being catalysed by its extensive use in the food and beverage industry by companies such as Coca Cola (NYSE: KO) and Pepsi (NASDAQ: PEP), which majorly use sorbitol as a sweetening agent in their products. Sorbitol is also extensively used as a sweetener in oral care products, particularly in toothpaste, as it is a non-cariogenic substance.
With thriving production and end-use industries of sorbitol in the Asia Pacific, leading global players have expanded their operations within the region. Back in 2011, Cargill, a major player in the sorbitol industry, completed the acquisition of its majority stake in PT Sorini Agro Asia Corporindo Tbk ("Sorini"). Sorini is based in Indonesia and is among the world's leading producers as well as suppliers of sorbitol. The company provides a range of products derived from starch and starch derivatives, including powder and liquid sorbitol, which are used in the production of consumer goods like food and beverages, pharmaceuticals, and cosmetics and personal care.
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Cargill, Incorporated, Ingredion, Incorporated, Archer Daniels Midland Company, Tereos Starch & Sweeteners, Roquette Frères S.A., Dancheng Caixin Sugar Industry Co. Ltd., Others are the key players in the Asia Pacific sorbitol market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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