The global sorbitol market is anticipated to grow at a CAGR of around 5.2% during the forecast period. Sorbitol is mainly derived from corn, seaweed, fruits, and berries and is primarily used as a sweetener, flavoring agent, humectant, and diuretic dehydrating agent for various applications such as food & beverage, cosmetics & personal care, and pharmaceuticals. For instance, in the food industry, it is added to prevent the food from drying and aging and to extend the shelf-life of products as well as effectively prevent the precipitation of sugar. The growth of the sorbitol market is being fueled by the increased consumption of sugar-based goods. Furthermore, rising obesity and diabetes rates are forcing people to choose sorbitol over regular sugar, boosting the sorbitol market. According to the International Diabetes Federation, approximately 463 million adults were living with diabetes in 2019. However, sorbitol is a carbohydrate and can increase blood sugar levels if consumed in excess, although the human body metabolizes sorbitol.
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COVID-19 pandemic had a significant impact on the sorbitol market as there was a decrease in the sales for several foods and beverages products owing to the lockdown enforcement placed by governments to contain COVID spreading. Production facilities around the world were subjected to restrictions, thereby decreasing the production and supply to the end-user applications. restrictions imposed by various nations to contain COVID had also affected the entire supply chain which has impacted the sorbitol market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Sorbitol Market by Product
- Liquid
- Crystal
Global Sorbitol Market by End-use
- Personal Care
- Chemical
- Food & Beverages
- Pharmaceuticals
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- American International Foods Inc.
- Archer Daniels Midland Company
- Cargill Inc.
- DuPont Inc
- Ecogreen Oleochemicals GmbH
- Gujrat Ambuja Export Ltd
- Gulshan Polyols Ltd
- Gulshan Polyols Ltd.
- Ingredion Inc.
- Kasyap Sweeteners, Ltd.
- Merck KGaA
- Pfizer Inc
- Qinhuangdao Lihua Starch Co., Ltd.
- Roquette Freres
- SPI Pharma Inc.
- Sukhjit starch chemical ltd
- Tate & Lyle
- Tereos Starch & Sweeteners
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sorbitol market
- Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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