According to TechSci Research report, “Sorbitol Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Sorbitol Market stood at USD 1.82 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.55% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Recent research in the chemical industry and catalysis studies has focused extensively on the production and transformation of sorbitol. Catalytic processes play a pivotal role in converting glucose into sorbitol, rendering it a cost-effective and sustainable alternative. Advancements in catalytic technologies are facilitating efficient synthesis and transformation routes, thereby contributing to the expanding utilization of sorbitol in the chemical industry. Moreover, sorbitol is being explored as a significant chemical intermediate for the production of renewable fuels from biomass resources. Given the increasing emphasis on sustainability and the reduction of reliance on fossil fuels, sorbitol’s ability to be derived from biomass sources makes it an attractive option for renewable fuel production. This utilization aligns with the global drive for greener alternatives in the chemical industry. Governments across different regions have acknowledged sorbitol’s potential as a versatile compound with applications in various industries. To harness its benefits, these governments have implemented initiatives to encourage the adoption and use of sorbitol-based products. These initiatives are aimed at fostering innovation, ensuring sustainability, and promoting economic growth. One notable example of government initiatives is the relaxation of restrictions and regulations, which facilitates the production and use of sorbitol.
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By streamlining regulatory processes, governments facilitate the entry of sorbitol-based products into the market. This not only boosts the growth of the sorbitol market but also encourages manufacturers to invest in research and development for new product development. The World Health Organization (WHO) has issued guidelines advising against the use of non-sugar sweeteners (NSS) for weight control. These guidelines influence government policies regarding the regulation and promotion of sorbitol as a safer alternative to artificial sweeteners. Governments, such as Nigeria, have recognized the potential of sorbitol as a domestically produced substitute for imports. Initiatives like the Sorbitol Production Program aim to reduce import spending by promoting domestic sorbitol production. Strategic partnerships allow sorbitol manufacturers to access new markets and expand their presence. By collaborating with local distributors or partnering with established companies in specific regions, sorbitol producers can overcome entry barriers and gain a foothold in new markets. These collaborations provide valuable insights into local consumer preferences, regulatory frameworks, and distribution networks, thereby enabling efficient market penetration and expansion. Collaborations enable sorbitol manufacturers to diversify their product portfolios by incorporating complementary offerings from their partners. For example, collaborations between sorbitol producers and flavor companies allow the development of value-added products such as flavored sorbitol-based syrups or chewing gums. These partnerships enhance the attractiveness of sorbitol-based products to consumers and open up new revenue streams for the companies involved. Notable collaborations in the sorbitol industry include the partnership between Roquette and Cargill for the production of sorbitol-based clarifiers for polymers. This collaboration aims to enhance the production of high-quality polymers by leveraging sorbitol-based additives, offering improved performance and sustainability benefits. Additionally, Ingredion Incorporated and SPI (Starch Products India) have formed a collaboration to expand their sorbitol production capabilities. By leveraging each other’s expertise, resources, and global reach, they aim to meet the growing demand for sorbitol and its applications across various industries. However, fluctuations in prices of raw materials and growing competition from alternative products are expected to slow down the growth of the market in the coming years.
The Global Sorbitol Market segmentation is based on Product Type, Application, End User, By Company, and Region
Based on product type, crystal segment held the largest market size in the forecast period. Crystal sorbitol is widely utilized as a food additive in the production of frozen raw fish, shrimp balls, roasted fish fillets, dried squid thread, polydextrose (soluble dietary fiber), chewing gum, and mint tablets. It is also employed in various other frozen aquatic products and sugar-free foodstuffs. The increasing demand for application products, particularly in meat products and frozen foods, is expected to drive market growth during the forecast period. Additionally, crystal-based sorbitol finds application as a humectant in cosmetic products like moisturizers and face creams. This is due to its ability to resist bacteriological degradation and retain moisture. Other uses of crystal sorbitol include its role as a plasticizer in capsule outer shell production and as a filler and excipient in the manufacturing of pharmaceutical tablets. Thus, the rising demand for cosmetic products is anticipated to positively impact sorbitol demand in the years to come.
Some of the major companies operating in the Global Sorbitol Market include:
- American International Foods, Inc.
- Cargill Incorporated
- Gulshan Polyols Ltd.
- Merck KGaA
- Ecogreen Oleochemicals GmbH
- Qinhuangdao Lihua Starch Co., Ltd.
- Ingredion Incorporated
- Kasyap Sweeteners, Ltd.
- DuPont Inc.
- SPI Pharma, Inc.
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“Certain regions, particularly the Asia Pacific, are projected to exert significant demand for sorbitol worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their sorbitol productivity each year, are expected to contribute to a remarkable growth of the Global Sorbitol Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Sorbitol Market By Product Type (Liquid, Crystal), By Application (Oral Care, Vitamin C, Diabetic & Diabetic Food & Beverage, Surfactant, Others), By End User (Personal Care, Chemical, Pharmaceutical, Others), By Region, By Competition Forecast & Opportunities, 2018-2028Fhas evaluated the future growth potential of Global Sorbitol Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Sorbitol Market.
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