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Latin America Sorbitol Market Size, Share, Growth, Trends: By Type: Liquid, Powder; By Application: Pharmaceuticals, Toothpaste, Food and Confectionaries, Cosmetics and Toiletries, Industrial Surfactants, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Latin America Sorbitol Market Outlook
The Latin America sorbitol market size attained a value of 145.00 million in 2023. The market is expected to grow at a CAGR of 5.83% between 2024 and 2032, reaching almost 241.46 million by 2032.
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In 2020, the region produced 80 thousand metric tons of the polyol. Although Latin America 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 2.6 million metric tons in 2020 and is expected to grow further in the forecast period of 2024-2032, growing at a CAGR of 2.4%.
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 Latin America 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.
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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 Latin America region like Brazil, Argentina and Colombia.
Market Analysis
The Latin America 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 2023. 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 Latin America 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. Latin America 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.
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Competitive Landscape
The report gives a detailed analysis of the following key players in the Latin America 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Global Sorbitol Market Analysis
8.1 Key Industry Highlights
8.2 Global Sorbitol Historical Market (2018-2023)
8.3 Global Sorbitol Market Forecast (2024-2032)
8.4 Global Sorbitol Market by Type
8.4.1 Liquid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Powder
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Sorbitol Market by Application
8.5.1 Pharmaceuticals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Toothpaste
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food and Confectionaries
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Cosmetics and Toiletries
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Industrial Surfactants
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Sorbitol Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East & Africa
9 Latin America Sorbitol Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Sorbitol Historical Market (2018-2023)
9.3 Latin America Sorbitol Market Forecast (2024-2032)
9.4 Latin America Sorbitol Market by Type
9.4.1 Liquid
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Powder
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Latin America Sorbitol Market by Application
9.5.1 Pharmaceuticals
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Toothpaste
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Food and Confectionaries
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Cosmetics and Toiletries
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Industrial Surfactants
9.5.5.1 Historical Trend (2018-2023)
9.5.5.2 Forecast Trend (2024-2032)
9.5.6 Others
9.6 Latin America Sorbitol Market by Region
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Colombia
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Latin America Sorbitol Price Analysis
13 Latin America Sorbitol Feedstock Market Outlook
13.1 Corn (HS 1005)
13.2 Cassava (HS 0714)
13.3 Wheat (HS 1001)
13.4 Latin America Corn Market Analysis
13.4.1 Latin America Corn Demand by Application
13.4.2 Latin America Corn Historical Demand (2018-2023) & Forecast (2024-2032)
13.4.3 Latin America Corn Historical Supply (2018-2023) & Forecast (2024-2032)
13.4.4 Latin America Corn Historical Demand (2018-2023) & Forecast (2024-2032)
13.4.4.1 Brazil
13.4.4.2 Argentina
13.4.4.3 Colombia
13.4.5 Latin America Corn Historical Supply (2018-2023) & Forecast (2024-2032)
13.4.5.1 Brazil
13.4.5.2 Argentina
13.4.5.3 Colombia
13.5 Latin America Cassava Market Analysis
13.5.1 Latin America Cassava Demand by Application
13.5.2 Latin America Cassava Historical Demand (2018-2023) & Forecast (2024-2032)
13.5.3 Latin America Cassava Historical Supply (2018-2023) & Forecast (2024-2032)
13.5.4 Latin America Cassava Historical Demand (2018-2023) & Forecast (2024-2032)
13.5.4.1 Brazil
13.5.4.2 Argentina
13.5.4.3 Colombia
13.5.5 Latin America Cassava Historical Supply (2018-2023) & Forecast (2024-2032)
13.5.5.1 Brazil
13.5.5.2 Argentina
13.5.5.3 Colombia
13.6 Latin America Wheat Market Analysis
13.6.1 Latin America Wheat Demand by Application
13.6.2 Latin America Wheat Historical Demand (2018-2023) & Forecast (2024-2032)
13.6.3 Latin America Wheat Historical Supply (2018-2023) & Forecast (2024-2032)
13.6.4 Latin America Wheat Historical Demand (2018-2023) & Forecast (2024-2032)
13.6.4.1 Brazil
13.6.4.2 Argentina
13.6.4.3 Colombia
13.6.5 Latin America Wheat Historical Supply (2018-2023) & Forecast (2024-2032)
13.6.5.1 Brazil
13.6.5.2 Argentina
13.6.5.3 Colombia
13.7 Latin America Wheat Market Analysis
13.7.1 Major Exporting Countries
13.7.1.1 By Value
13.7.1.1.1 Corn (HS 1005)
13.7.1.1.2 Cassava (HS 0714)
13.7.1.1.3 Wheat (HS 1001)
13.7.1.2 By Volume
13.7.1.2.1 Corn (HS 1005)
13.7.1.2.2 Cassava (HS 0714)
13.7.1.2.3 Wheat (HS 1001)
13.7.2 Major Importing Countries
13.7.2.1 By Value
13.7.2.1.1 Corn (HS 1005)
13.7.2.1.2 Cassava (HS 0714)
13.7.2.1.3 Wheat (HS 1001)
13.7.2.2 By Volume
13.7.2.2.1 Corn (HS 1005)
13.7.2.2.2 Cassava (HS 0714)
13.7.2.2.3 Wheat (HS 1001)
14 Latin America Feedstock Price Analysis
14.1 Brazil
14.1.1 Corn Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.1.2 Cassava Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.1.3 Wheat Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.2 Argentina
14.2.1 Corn Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.2.2 Cassava Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.2.3 Wheat Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.3 Colombia
14.3.1 Corn Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.3.2 Cassava Historical Price Trends (2018-2023) & Forecast (2024-2032)
14.3.3 Wheat Historical Price Trends (2018-2023) & Forecast (2024-2032)
15 Trade Data Analysis
15.1 Global (HS Code-3824, 2905) Trade Analysis
15.2 Major Exporting Countries
15.2.1 By Value
15.2.2 By Volume
15.3 Major Importing Countries
15.3.1 By Value
15.3.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Roquette Frères SA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cargill Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ingredion Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Archer Daniels Midland Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Tereos Participations SAS
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Consumer Analysis
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sorbitol Market: Key Industry Highlights, 2018 and 2032
2. Global Sorbitol Historical Market: Breakup by Type (Million Metric Tons), 2018-2023
3. Global Sorbitol Market Forecast: Breakup by Type (Million Metric Tons), 2024-2032
4. Global Sorbitol Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
5. Global Sorbitol Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
6. Global Sorbitol Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
7. Global Sorbitol Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
8. Latin America Sorbitol Market: Key Industry Highlights, 2018 and 2032
9. Latin America Sorbitol Historical Market: Breakup by Type (Million Metric Tons), 2018-2023
10. Latin America Sorbitol Market Forecast: Breakup by Type (Million Metric Tons), 2024-2032
11. Latin America Sorbitol Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
12. Latin America Sorbitol Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
13. Latin America Sorbitol Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
14. Latin America Sorbitol Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
15. Brazil Historical Price Trends and Forecast 2018-2028
16. Argentina Historical Price Trends and Forecast 2018-2028
17. Colombia Historical Price Trends and Forecast 2018-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Latin America Sorbitol Market Structure
Key Questions Answered in the Report
The Latin America sorbitol market is supported to be driven by the global industry, which reached a production volume of about 145.00 million metric tons in 2023.
The market is expected to be driven by global sorbitol market, which is likely to grow at a CAGR of about 5.83% in the forecast period of 2024-2032.
The major drivers of the industry include growing disposable incomes, increasing population, and the rising health consciousness among the consumers.
The government in the region is encouraging people to avoid sugar and sugar-based food and consumers are seeking out sugar alternatives, which are expected to be the key trends guiding the growth of the industry.
Brazil, Argentina, and Colombia are the major regions for the industry.
The leading types of sorbitol in the industry are liquid and powder.
The significant application segments in the market are pharmaceuticals, toothpaste, food and confectionaries, cosmetics and toiletries, and industrial surfactants, among others.
The leading players in the market are Roquette Frères SA, Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, and Tereos Participations SAS, among others.
Analyst Review
The Latin America sorbitol market is being driven by the rising demand for healthy and sugar-free food. In 2020, the region produced 80 thousand metric tons of the polyol. Meanwhile, the global sorbitol market attained a production volume of nearly 145.00 million metric tons in 2023 and is projected to grow further in the forecast period of 2024-2032, growing at a CAGR of 5.83%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into liquid and powder. On the basis of application, the market is divided into pharmaceuticals, toothpaste, food and confectionaries, cosmetics and toiletries, and industrial surfactants, among others. The major regional markets for sorbitol in Latin America are Brazil, Argentina, and Colombia. The key players in the above industry include Roquette Frères SA, Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, and Tereos Participations SAS, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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