Global Sorbitol Market Key Insights:
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Global Sorbitol Market Outlook
The global sorbitol market attained a volume of about 2.4 million metric tons in 2017. Increasing awareness towards health has led to a greater demand for low-calorie foods which has, in turn, contributed to a steady growth of the global sorbitol market over the past few years. During the forecasted period of 2019-2024, the market is expected to grow at a CAGR of 2.3% owing to a multitude of sorbitol applications across several types of industries.
Although a number of feedstocks can be used for making sorbitol, the choice of feedstock mainly depends upon the total cost of production and the ease of availability in the region. Corn, cassava and wheat represent the most popular feedstock for sorbitol production.
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Sorbitol: Properties and Applications
Sorbitol, a six-carbon sugar alcohol, occurs in plants naturally. It can also be synthesised through catalytic hydrogenation of D-glucose to produce D-sorbitol. Sorbitol has non-cariogenic and sweetening properties due to which it is used in toothpaste and oral care products, beverages, ice-creams, jams, syrups, candies, jellies, etc. It is also used as a laxative.
Several other applications include:
Global Sorbitol Market Analysis
China was the greatest consumer of sorbitol with almost 40% of the world’s total consumption in 2016. Asia Pacific remained the largest market for sorbitol in 2016 with more than half of the global market share and is likely to maintain this position in years to come due to favourable government policies and greater FDI flows for pharmaceutical and personal care firms in India and China.
The market for sorbitol in North America and Europe is anticipated to exhibit steady growth in the forecasted years due to the growing home and personal care and food and beverage industry in the region followed by economies such as India, Thailand and Indonesia.
Inconsistencies in price and supply of raw materials, side-effects due to over-consumption of sorbitol and international regulations are factors that may hinder the growth of sorbitol market. A detailed market analysis including the price movement and regional market scenario of the sorbitol feedstock such as corn, cassava, wheat, etc. is offered in this report.
Competitive Landscape
The report presents a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global sorbitol market:
EMR’s comprehensive report on global sorbitol market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.
1 Preface
2 Research Methodology
3 Executive Summary
3.1 Sorbitol Market Overview
3.2 Sorbitol Market Key Demand Drivers
3.3 Top Global Sorbitol Suppliers
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 Sorbitol
5.1.1.2 Powder Sorbitol
5.1.2 Chart: Global Sorbitol Market 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: Historical Consumption (2014-2018) & Consumption Forecast (2019-2024)
5.1.3.1 Liquid Sorbitol
5.1.3.2 Powder Sorbitol
5.1.4 Figure: Global: Historical Production (2014-2018) & Production Forecast (2019-2024)
5.1.4.1 Liquid Sorbitol
5.1.4.2 Powder Sorbitol
5.1.5 Figure: Regional: Historical Consumption (2014-2018) & Consumption 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 & Africa
5.1.6 Figure: Regional: Historical Production (2014-2018) & Production 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 & Africa
5.2 Sorbitol Market SWOT Analysis
5.2.1 Overview
5.2.2 Strengths
5.2.3 Weaknesses
5.2.4 Opportunities
5.2.5 Threats
5.3 Value Chain Analysis
5.4 Sorbitol Market Porter’s Five Forces Analysis
5.4.1 Overview
5.4.2 Buyer’s Power
5.4.3 Supplier’s Power
5.4.4 New Entrants
5.4.5 Degree of Rivalry
5.4.6 Substitutes
5.5 Global (HS Code-382460, 290544) Trade Analysis (2018)
5.5.1 Major Exporting Countries by Value & Volume
5.5.2 Major Importing Countries by Value & Volume
5.6 Regional Sorbitol Price Analysis
5.6.1 North America: Historical Price trends (2014-2018) & Price Trends Forecast (2019-2024)
5.6.2 Europe: Historical Price Trends (2014-2018) & Price Trends Forecast (2019-2024)
5.6.3 Asia Pacific: Historical Price Trends (2014-2018) & Price Trends Forecast (2019-2024)
5.6.4 LATAM: Historical Price Trends (2014-2018) & Price Trends Forecast (2019-2024)
5.6.5 Middle East & Africa: Historical Price Trends (2014-2018) & Price Trends Forecast (2019-2024)
6 Global Sorbitol Feedstock Market Outlook
6.1 Corn
6.2 Cassava
6.3 Wheat
7 Global Sorbitol Feedstock Market
7.1 Global Corn Market Analysis
7.1.1 Chart: Global Corn Demand by Application
7.1.2 Figure: Global Corn Historical Consumption (2014-2018) & Consumption Forecast (2019-2024)
7.1.3 Figure: Global Corn Historical Production (2014-2018) & Production Forecast (2019-2024)
7.1.4 Figure: Regional Corn Consumption (2014-2018) & Consumption Forecast (2019-2024)
7.1.4.1 North America
7.1.4.2 Europe
7.1.4.3 Asia Pacific
7.1.4.4 LATAM
7.1.4.5 Middle East & Africa
7.1.5 Figure: Regional Corn Production (2014-2018) & Production Forecast (2019-2024)
7.1.5.1 North America
7.1.5.2 Europe
7.1.5.3 Asia Pacific
7.1.5.4 LATAM
7.1.5.5 Middle East & Africa
7.2 Global Cassava Market Analysis
7.2.1 Chart: Global Cassava Demand by Application
7.2.2 Figure: Global Cassava Historical Consumption (2014-2018) & Consumption Forecast (2019-2024)
7.2.3 Figure: Global Cassava Historical Production (2014-2018) & Production Forecast (2019-2024)
7.2.4 Figure: Regional Cassava Consumption (2014-2018) & Consumption Forecast (2019-2024)
7.2.4.1 North America
7.2.4.2 Europe
7.2.4.3 Asia Pacific
7.2.4.4 LATAM
7.2.4.5 Middle East & Africa
7.2.5 Figure: Regional Cassava Production (2014-2018) & Production Forecast (2019-2024)
7.2.5.1 North America
7.2.5.2 Europe
7.2.5.3 Asia Pacific
7.2.5.4 LATAM
7.2.5.5 Middle East & Africa
7.3 Global Wheat Market Analysis
7.3.1 Chart: Global Wheat Demand by Application
7.3.2 Figure: Global Wheat Historical Consumption (2014-2018) & Consumption Forecast (2019-2024)
7.3.3 Figure: Global Wheat Historical Production (2014-2018) & Production Forecast (2019-2024)
7.3.4 Figure: Regional Wheat Consumption (2014-2018) & Consumption Forecast (2019-2024)
7.3.4.1 North America
7.3.4.2 Europe
7.3.4.3 Asia Pacific
7.3.4.4 LATAM
7.3.4.5 Middle East & Africa
7.3.5 Figure: Regional Wheat Production (2014-2018) & Production Forecast (2019-2024)
7.3.5.1 North America
7.3.5.2 Europe
7.3.5.3 Asia Pacific
7.3.5.4 LATAM
7.3.5.5 Middle East & Africa
7.4 Global Feedstock (HS Code) Trade Analysis
7.4.1 Major Exporting Countries by Value & Volume
7.4.1.1 Corn (1005)
7.4.1.2 Cassava (0714)
7.4.1.3 Wheat (1001)
7.4.2 Major Importing Countries by Value & Volume
7.4.2.1 Corn (1005)
7.4.2.2 Cassava (0714)
7.4.2.3 Wheat (1001)
8 Regional Feedstock Price Analysis
8.1 North America
8.1.1 Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.1.2 Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.1.3 Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.2 Europe
8.2.1 Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.2.2 Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.2.3 Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.3 Asia Pacific
8.3.1 Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.3.2 Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.3.3 Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.4 LATAM
8.4.1 Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.4.2 Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.4.3 Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.5 Middle East & Africa
8.5.1 Corn Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.5.2 Cassava Historical Price Trends (2014-2018) & Forecast (2019-2024)
8.5.3 Wheat Historical Price Trends (2014-2018) & Forecast (2019-2024)
9 Manufacturing Process
9.1 Detailed Process Flow
9.2 Operations Involved
9.3 Mass Balance
10 Cost Analysis
10.1 Land, Location and Site Development
10.2 Construction
10.3 Plant Machinery
10.4 Cost of Raw Material
10.5 Packaging
10.6 Transportation
10.7 Utilities
10.8 Manpower
10.9 Other Capital Investment
11 Competitive Landscape & Supplier Analysis
11.1 Roquette Frères SA
11.2 Cargill, Incorporated
11.3 Ingredion, Incorporated
11.4 Archer Daniels Midland Company
11.5 Tereos Starch & Sweeteners
11.6 Others
12 Consumer Analysis
13 Events and Developments
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