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The Latin America sorbitol market is driven by the growing demand for healthy and sugar-free food. The sorbitol market in the region is also being aided by the increase in the beverage sector of Latin America. Latin America and the Caribbean, collectively account for nearly 17.5% share of the beverage industry. Colombia, Brazil, and Chile lead the sorbitol market in Latin America. The market is being driven by the thriving cosmetics and food and beverage industries in these countries. Latin America represented about 11% of the global cosmetics market in 2017.
Roquette Frères SA, Cargill, Incorporated, Ingredion, Incorporated (NYSE: INGR), Archer Daniels Midland Company (NYSE: ADM), and Tereos Starch & Sweeteners are the leading sorbitol players in the region. Roquette Frères SA provides NEOSORB® brand materials as a part of a big family of Roquette polyol compounds comprising of sorbitol and other hydrogenated long-chain polymers and oligomers. The products of NEOSORB® Sorbitol liquid crystallizing and non-crystallizing products are generally used excipients for bulk sweetener, a vehicle in liquid dosage forms, and as a humectant in semi-solids. Due to sorbitol’s function as a humectant, major cosmetics consumers in the region are adopting the polyol in their products. In 2014, Lush, a leading cosmetic industry player, replaced mono propylene glycol (MPG) with sorbitol in their products due to the biodegradable nature of sorbitol.
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Roquette Frères SA, Cargill, Incorporated, Ingredion, Incorporated, Archer Daniels Midland Company, and Tereos Starch & Sweeteners are the key players in the Latin America 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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