Posted on 29 Jan 2019
According to a new report by EMR titled ‘Global Sorbitol Market Report and Forecast 2019-2024’, the global sorbitol market reached a volume of 2.4 million metric tons in 2017 and is further expected to grow at a CAGR of 2.3% in the period 2019-2024, driven by demand from several industries.
Sorbitol is a naturally occurring six carbon sugar alcohol, which has sweetening properties without being cariogenic. Thus, it finds extensive application in the production of beverages, ice-creams, jams, syrups, toothpastes and other oral care products among others. The growth in the demand of sorbitol in the sectors like food and beverages, cosmetics and personal care, and pharmaceutical industry has been due to an increasing awareness of how sugar-based products are detrimental to the health and the mounting purchasing power parity. Its moisture-stabilizing property makes it an ideal additive to products which need to maintain their freshness in storage. Sorbitol prevents the hardening or drying of such products. It can also combine easily with fats, sugars and gelling agents due to its ability to withstand high temperatures. Thus, sorbitol is added to products such as confectionaries and baked goods, among other products.
Asia Pacific was the largest market for sorbitol in 2017 accounting for over half the sorbitol market share. The region will continue to dominate the market with China as the biggest consumer of sorbitol, representing about 40% of the total sorbitol consumption globally. The rising demand for sorbitol in the home and personal care, and food and beverage sectors in regions like North America and Europe along with Asia Pacific countries like India, Thailand and Indonesia has supplemented the growth of the global sorbitol market. Increasing cases of diabetes and obesity is driving the demand the demand for sorbitol in the food and beverage sectors in countries like India, Japan and Australia.
Market Analysis by Type, Application and Region:
Key Findings of the Report:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/sorbitol-market
Key Offerings of the Report:
Roquette Frères SA, Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tereos Starch & Sweeteners, Shandong Tianli Pharmaceutical Co., Ltd., PT Sorini Agro Asia Corporindo Tbk and Kasyap Sweeteners Ltd. are the major players in the global sorbitol market analyzed by EMR. The EMR report gives a detailed overview of the latest developments in the competitive landscape of the global sorbitol market, looking into plant turnarounds, capacity expansions, and mergers and acquisitions.
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