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Latin America Sorbitol Market: By Type: Liquid, Powder Sorbitol; By Application: Pharmaceutical, Toothpaste, Food & Confectionaries, Cosmetics & Toiletries, Industrial Surfactants; By Country: Brazil, Argentina, Colombia; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Trade Analysis; LATAM Price Analysis; LATAM Feedstock Market; Competitive Landscape

LATAM Sorbitol Market Key Insights:

  • LATAM Sorbitol Market Overview
  • LATAM Sorbitol Market Performance & Price Trends 2018
  • LATAM Sorbitol Market Analysis & Outlook 2019-2024
  • Trade Data Analysis
  • Demand by Application & Region
  • Value Chain and Cost Analysis
  • Competitive Landscape
  • Capacity Addition & Plant Turnarounds
  • Mergers & Acquisitions

 

Market Outlook

The LATAM sorbitol market is being driven by the rising demand for healthy and sugar-free food. In 2018, the region produced 80 thousand metric tons of the polyol. Although LATAM occupies a relatively small portion of the global market, it is expected to see a healthy growth in the coming years aided by the global market growth. The global sorbitol market attained a production volume of nearly 2.5 million metric tons in 2018 and is expected to grow further in the forecast period of 2019-2024, growing at a CAGR of 2.3%.

LATAM Sorbitol Market Report and Forecast 2019-2024

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Globally, corn is the leading feedstock of the polyol. Between 2017-2018, nearly 1,045 million metric tons of corn was produced and it is expected to attain a production volume of 1,079 million metric tons by 2021. Brazil is a leading producer of corn. In 2017, the country was also the second largest exporter of corn, just behind the US. Brazil is also a major producer of cassava, another significant feedstock. However, Brazil imports most of its sorbitol to meet the domestic demand. In 2018, the country was the largest importer of the substance in the LATAM region.

The global market for the polyol is being driven by a growing health consciousness among the consumers, especially due to the growing occurrences of obesity and type-2 diabetes. In 2016, nearly 39% of the global adult population was overweight, with 13% being obese. The cases of type-2 diabetes have also been on the rise, with 8.5% of the adult population afflicted by obesity in 2014, increasing from 4.7% in 1980. Diabetes has been especially rising in the low and middle-income countries and has been witnessing a rising rate in the Latin America region too. With the governments in the region encouraging people to avoid sugar and sugar-based food, consumers are seeking out sugar alternatives. This has provided a further impetus to sorbitol market growth in the area.

Properties and Applications

Sorbitol, like xylitol and mannitol, is a sugar alcohol or polyol, which is commonly used as a sweetener. Although found naturally in peaches, apples, seaweed, corn and other products, it can also be produced through the hydrogenation of D-glucose. The polyol is available in both liquid and powder forms.

As it does not cause cavities, it finds widespread application in toothpastes and other oral care products. It is also used in diet or sugar-free foods and beverages. Its other application sectors include:

  • Pharmaceutical
  • Toothpaste
  • Food & Confectionaries
  • Cosmetics & Toiletries
  • Industrial Surfactants
  • Others

The report by EMR gives an in-depth look into the various sorbitol feedstock like corn, cassava, and wheat. The report also looks into the regional markets for the polyol in the LATAM region like Brazil, Argentina and Colombia.

Market Analysis

The LATAM sorbitol market is being driven by the growing demand for low-calorie foods and beverages, especially, for diet carbonated soft drinks where the polyol finds application as a sugar substitute. The rising population of people afflicted by lifestyle diseases related to sugar consumption like obesity and type-2 diabetes is leading to various government initiatives encouraging people to avoid sugar. The Health Ministry in Brazil aims to reduce sugar levels in several industrialised food products by 144, 000 tons by 2022. With the consumers also becoming more health conscious within the region, they are seeking healthier and sugar-free foods in which sorbitol finds extensive application. The expanding beverage sector in the region is also aiding the industry for the polyol. Latin America and Caribbean, together, account for 17.5% of the beverage industry. The rising middle-class population in the area, which is expected to grow substantially over the next ten years, is also aiding the polyol market growth.

The growing cosmetics industry in LATAM is also aiding the market for the polyol. Sorbitol is used as a skin-conditioning agent, as a stabiliser in gels and provides softness to hair. It is also used as a thickener in cosmetics. LATAM represented 11% of the global cosmetics industry in 2017 and was led by Brazil, Colombia, and Chile. With the oral care market projected to witness a healthy growth in the region in the forecast period, the sorbitol industry will witness a further growth. Toothpaste is a major end-use segment for the polyol globally where it is used as a sweetening agent which does not cause cavities.

Competitive Landscape

The report gives a detailed analysis of the following key players in the LATAM sorbitol market, looking into their capacity, market share, and latest developments like expansions of capacity, mergers, acquisitions, and investments, and plant turnarounds:

  • Roquette Frères SA
  • Cargill, Incorporated
  • Ingredion, Incorporated 
  • Archer Daniels Midland Company
  • Tereos Starch & Sweeteners

The EMR report provides an insight into the manufacturing process of sorbitol as well as giving a value chain analysis of the market. The report also gives an in-depth analysis of the market by providing a SWOT analysis along with an analysis of Porter’s Five Forces.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Demand Drivers
    3.3    Key Players
    3.4    Feedstock Movements
    3.5    Supply Market Changes
4    Global Sorbitol Market Outlook
5    Global Sorbitol Market 
    5.1    Global Sorbitol Market Analysis

        5.1.1    Chart: Global Sorbitol Market by Type
            5.1.1.1    Liquid
            5.1.1.2    Powder
        5.1.2    Chart: Global Sorbitol Demand by Application
            5.1.2.1    Pharmaceutical
            5.1.2.2    Toothpaste
            5.1.2.3    Food & Confectionaries
            5.1.2.4    Cosmetics & Toiletries
            5.1.2.5    Industrial Surfactants
            5.1.2.6    Others
        5.1.3    Figure: Global Sorbitol Market Breakup by Type: Historical Consumption (2014-2018) & Forecast (2019-2024)
            5.1.3.1    Liquid
            5.1.3.2    Powder
        5.1.4    Figure: Global Sorbitol Market Breakup by Type: Historical Supply (2014-2018) & Forecast (2019-2024)
            5.1.4.1    Liquid
            5.1.4.2    Powder
        5.1.5    Figure: Global Sorbitol Market Breakup by Region: Historical Consumption (2014-2018) & Forecast (2019-2024)
            5.1.5.1    North America
            5.1.5.2    Europe
            5.1.5.3    Asia Pacific
            5.1.5.4    LATAM
            5.1.5.5    Middle East and Africa
        5.1.6    Figure: Global Sorbitol Market Breakup by Region: Historical Supply (2014-2018) & Forecast (2019-2024)
            5.1.6.1    North America
            5.1.6.2    Europe
            5.1.6.3    Asia Pacific
            5.1.6.4    LATAM
            5.1.6.5    Middle East and Africa
6    LATAM Sorbitol Market 
    6.1    LATAM Sorbitol Market Analysis

        6.1.1    Chart: LATAM Sorbitol Market by Type
            6.1.1.1     Liquid
            6.1.1.2     Powder
        6.1.2    Chart: LATAM Sorbitol Demand by Application
            6.1.2.1    Pharmaceutical
            6.1.2.2    Toothpaste
            6.1.2.3    Food & Confectionaries
            6.1.2.4    Cosmetics & Toiletries
            6.1.2.5    Industrial Surfactants
            6.1.2.6    Others
        6.1.3    Figure: LATAM Sorbitol Market Breakup by Type: Historical Consumption (2014-2018) & Forecast (2019-2024)
            6.1.3.1    Liquid
            6.1.3.2    Powder
        6.1.4    Figure: LATAM Sorbitol Market Breakup by Type: Historical Supply (2014-2018) & Forecast (2019-2024)
            6.1.4.1    Liquid
            6.1.4.2    Powder
        6.1.5    Chart: LATAM Sorbitol Market by Country
            6.1.5.1    Brazil
            6.1.5.2    Argentina
            6.1.5.3    Colombia
        6.1.6    Figure: LATAM Sorbitol Market Historical Consumption (2014-2018) & Forecast (2019-2024)
            6.1.6.1    Brazil
            6.1.6.2    Argentina
            6.1.6.3    Colombia
        6.1.7    Figure: LATAM Sorbitol Market Historical Supply (2014-2018) & Forecast (2019-2024)
            6.1.7.1    Brazil
            6.1.7.2    Argentina
            6.1.7.3    Colombia
    6.2    SWOT Analysis
        6.2.1    Overview
        6.2.2    Strengths
        6.2.3    Weaknesses
        6.2.4    Opportunities
        6.2.5    Threats
    6.3    Value Chain Analysis
    6.4    Porter’s Five Forces Analysis

        6.4.1    Overview
        6.4.2    Buyer’s Power
        6.4.3    Supplier’s Power
        6.4.4    New Entrants
        6.4.5    Degree of Rivalry
        6.4.6    Substitutes
    6.5    Global (HS Code-3824, 2905) Trade Analysis (2018) 
        6.5.1    Major Exporting Countries by Value & Volume
        6.5.2    Major Importing Countries by Value & Volume
    6.6    LATAM Sorbitol Price Analysis
        6.6.1    Brazil Sorbitol Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.2    Argentina Sorbitol Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.3    Columbia Sorbitol Historical Price Trends (2014-2018) & Forecast (2019-2024)
7    LATAM Sorbitol Feedstock Market Outlook
    7.1    Corn
    7.2    Cassava
    7.3    Wheat
8    LATAM Sorbitol Feedstock Market
    8.1    LATAM Corn Market Analysis

        8.1.1    Chart: LATAM Corn Demand by Application
        8.1.2    Figure: LATAM Corn Historical Demand (2014-2018) & Forecast (2019-2024)
        8.1.3    Figure: LATAM Corn Historical Supply (2014-2018) & Forecast (2019-2024)
        8.1.4    Figure: LATAM Corn Historical Demand (2014-2018) & Forecast (2019-2024)
            8.1.4.1    Brazil
            8.1.4.2    Argentina
            8.1.4.3    Colombia
        8.1.5    Figure: LATAM Corn Historical Supply (2014-2018) & Forecast (2019-2024)
            8.1.5.1    Brazil
            8.1.5.2    Argentina
            8.1.5.3    Colombia
    8.2    LATAM Cassava Market Analysis
        8.2.1    Chart: LATAM Cassava Demand by Application
        8.2.2    Figure: LATAM Cassava Historical Demand (2014-2018) & Forecast (2019-2024)
        8.2.3    Figure: LATAM Cassava Historical Supply (2014-2018) & Forecast (2019-2024)
        8.2.4    Figure: LATAM Cassava Historical Demand (2014-2018) & Forecast (2019-2024)
            8.2.4.1    Brazil
            8.2.4.2    Argentina
            8.2.4.3    Colombia
        8.2.5    Figure: LATAM Cassava Historical Supply (2014-2018) & Forecast (2019-2024)
            8.2.5.1    Brazil
            8.2.5.2    Argentina
            8.2.5.3    Colombia
    8.3    LATAM Wheat Market Analysis
        8.3.1    Chart: LATAM Wheat Demand by Application
        8.3.2    Figure: LATAM Wheat Historical Demand (2014-2018) & Forecast (2019-2024)
        8.3.3    Figure: LATAM Wheat Historical Supply (2014-2018) & Forecast (2019-2024)
        8.3.4    Figure: LATAM Wheat Historical Demand (2014-2018) & Forecast (2019-2024)
            8.3.4.1    Brazil
            8.3.4.2    Argentina
            8.3.4.3    Colombia
        8.3.5    Figure: LATAM Wheat Historical Supply (2014-2018) & Forecast (2019-2024)
            8.3.5.1    Brazil
            8.3.5.2    Argentina
            8.3.5.3    Colombia
    8.4    LATAM Feedstock Trade Analysis
        8.4.1    Major Exporting Countries by Value & Volume
            8.4.1.1    Corn (1005)
            8.4.1.2    Cassava (0714)
            8.4.1.3    Wheat (1001)
        8.4.2    Major Importing Countries by Value & Volume
            8.4.2.1    Corn (1005)
            8.4.2.2    Cassava (0714)
            8.4.2.3    Wheat (1001)
9    LATAM Feedstock Price Analysis
    9.1    Brazil
        9.1.1    Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.1.2    Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.1.3    Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
    9.2    Argentina
        9.2.1    Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.2.2    Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.2.3    Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
    9.3    Colombia
        9.3.1    Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.3.2    Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.3.3    Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
10    Manufacturing Process
    10.1    Detailed Process Flow
    10.2    Operations Involved
    10.3    Mass Balance
11    Cost Analysis
    11.1    Land, Location and Site Development
    11.2    Construction
    11.3    Plant Machinery
    11.4    Cost of Raw Material
    11.5    Packaging
    11.6    Transportation
    11.7    Utilities
    11.8    Manpower
    11.9    Other Capital Investment
12    Competitive Landscape & Supplier Analysis
    12.1    Roquette Frères SA
    12.2    Cargill, Incorporated
    12.3    Ingredion, Incorporated 
    12.4    Archer Daniels Midland Company
    12.5    Tereos Starch & Sweeteners
13    Consumer Analysis
14    Events and Developments

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