Sorbitol Market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Crystal sorbitol is widely utilized as a food additive for producing frozen raw fish, roasted fish fillet, polydextrose (soluble dietary fiber), mint tablets, chewing gum, shrimp ball, and dried squid thread. It’s also used in a variety of frozen aquatic products and sugar-free snacks. The growing demand for application products, primarily in meat products and frozen foods, is expected to promote market growth over the forecast period. Further, due to its ability to resist bacterial degradation and retain moisture, the crystal-based product is also applied as a humectant in various cosmetic products such as moisturizers and face cream. Other applications of crystal sorbitol include an application as a plasticizer in the production of capsule outer shell and as a filler and excipient in the production of pharmaceutical tablets.
Rising acquisitions, product approval, expansions, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2016, Ingredion Inc entered into a definitive agreement to acquire Shandong Huanong Specialty Corn Development Co., Ltd. from Pingyuan County. This acquisition will vertically integrate the Ingredion manufacturing base for specialty ingredients. Further, in addition to reducing costs, it gives the company more control of the supply chain, with added food safety and sustainability benefits. The acquisition of Shandong Huanong adds a second manufacturing facility to Ingredion’s operations in China. It will produce starch raw material for the Company’s facility in Shanghai, which makes value-added ingredients for the food industry.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By product
- By end-use
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Cargill Inc, Merck KGaA, DuPont Inc, Archer Daniels Midland Company, American International Foods Inc., SPI Pharma Inc among others
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Sorbitol Market Report by Segment
By Product
- Liquid
- Crystal
By End-use
- Personal Care
- Chemical
- Food
- Pharmaceuticals
Sorbitol Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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
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