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Sorbitol Market Trends and Drivers:
The market is primarily driven by the expanding food and beverage (F&B) industry. In addition, the increasing demand for low-calorie sweeteners like sorbitol in F&B products and beverages such as chocolate, shakes, smoothies, cookies, biscuits, cake, jellies, ice cream, bread, and pizza to improve texture, sweetness, and extend their shelf life are contributing to the market growth. Moreover, sorbitol's growing application as a bulking and thickening agent in the preparation of sugar-free products due to the escalating demand for low-calorie sweeteners is influencing the market growth. Additionally, the widespread adoption of sorbitol in the pharmaceutical industry as a binder, filler, and excipient in liquid formulations, including suspensions, syrups, oral solutions, and tablet formulations, to offer cohesive properties represents another major growth-inducing factor. The surging need for prescription drugs due to the growing occurrences of medical ailments such as obesity and diabetes, as well as the extensive use of sorbitol as a cryoprotectant in preserving tissues, cells, and organs, are also accelerating the product adoption rate.The expanding utilization of sorbitol in the production of various personal care products, such as conditioners, body washes, lip balms, lotions, face wash, masks, shampoos, shower gels, toners, and serums, which offer benefits like hydration, improved elasticity, softness, smooth appearance, and dryness prevention, is driving the market's growth. Additionally, the sorbitol market is experiencing varied growth rates across different regions, with Asia Pacific being one of the largest markets due to factors like the increasing number of health-conscious individuals, significant expansion in the food and beverage sector, and the growing use of sorbitol in personal care products. The industry is expected to face competition in the coming years as various key players are implementing strategies to maintain their market presence. Examples include Sunar Misir's plan to increase the installed capacity of its sorbitol and maltitol facility in Adana, Turkey by the end of 2019. The growing use of sorbitol in producing toothpaste, dietary supplements, and nutraceuticals is also contributing to a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Application:
- Cosmetics and Toiletries
- Food and Beverage
- Pharmaceuticals
- Toothpaste
- Industrial Surfactants
- Others
Breakup by Type:
- Liquid Sorbitol
- Powder Sorbitol
Breakup by Feedstock:
- Corn
- Wheat
- Cassava
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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