Sorbitol Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid Sorbitol, Powder Sorbitol); By End-Use (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals, Others); By Region); Segment Forecast, 2021 - 2028
- Published Date:Oct-2021
- Pages: 111
- Format: PDF
- Report ID: PM1998
- Base Year: 2020
- Historical Data: 2016 - 2019
Report Outlook
The global sorbitol market size was valued at USD 1.50 billion in 2020 and is expected to grow at a CAGR of 6.6% during the forecast period. Sorbitol is a sugar alcohol found naturally in fruits such as berries, peaches, figs, and apples. The commercially manufactured sorbitol is used in packaged food and beverages, personal care products, and pharmaceuticals. Sorbitol is utilized in food and beverages to impart sweetness, enhance digestive health, and add textures to products.
It is usually used as a replacement for traditional sugar to provide reduced calorie content. It has a limited impact on blood sugar levels, increasing its application as sweetener among consumers who have diabetes. It is also incorporated in sugar-free chewing gum and liquid medications as they are noncariogenic and offer oral health benefits. It also finds application as a laxative to combat constipation.
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Industry Dynamics
Growth Drivers
The significant growth in demand for convenience food across the globe coupled with increasing health concerns regarding sugar consumption is expected to fuel the market growth. There has been an increasing sale of fast food and baked goods, especially in developing economies, owing to adoption of western lifestyle and rising disposable income of consumers.
The increasing population, sedentary lifestyle of consumers and rising demand from the personal care industry further drive the market growth of sorbitol. Growing application in oral care products, rising demand from the pharmaceutical sector, increasing application in development of biofuels is expected to aid the growth of the market during the forecast period.
Sorbitol is increasingly being utilized in cosmetics and personal care products such as lotions and creams as a thickener and humectant. It also acts as a skin conditioning and flavouring agent. It finds applications in transparent gel-based products owing to its high refractive index. Sorbitol provides hydration, moisturization and is used in anti-aging formulations.
The growth is fueled by a growing population, changing consumer lifestyles, and a growing trend toward skincare and personal care products. Consumer awareness of health issues, as well as beauty and wellness, has grown, strengthening the growth of the market. New product launches and acquisitions have boosted the market demand by market leaders, as well as rising demand from emerging economies.
There has been a growth in market demand for sorbitol during the COVID-19 outbreak owing to increasing awareness regarding consumption of dietary supplements and products derived from natural ingredients. Growing health concerns and rising initiatives towards preventive healthcare by consumers support the growth of this industry. However, government regulations on movement and lockdowns, disruption in supply chain, halting of manufacturing activities, and limited availability of raw material and labour has severely affected the growth of the market.
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Report Segments
The market is primarily segmented on the basis of form, end-use, and region.
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By Form |
By End-Use |
By Region |
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Insights by Form
On the basis of form, the market is segmented into liquid and powder. The demand for liquid sorbitol is expected to be high during the forecast period on account of increased use in food and beverages, and pharmaceutical sector. Liquid sorbitol is cost effective and easy to use in different applications. Liquid sorbitol is used as a replacement for sugar. It is utilized in the cosmetic sector for its water stabilizing and humectant properties.
Insights by End-Use
The end-use industry segment has been bifurcated into food & beverage, cosmetics & personal care, pharmaceuticals, and others. The demand for sorbitol from the food and beverages segment is expected to be high during the forecast period. Increasing use in baked goods, confectionery, and beverages for enhanced texture and limited calorie intake supports the growth of this segment. The sedentary lifestyle of consumers is encouraging them to be aware of their nutrition and sugar consumption. Increasing disposable incomes in developing countries and rising awareness associated with health benefits of sorbitol further foster the market growth.
Geographic Overview
Asia-Pacific dominated the global sorbitol market in 2020. Increasing urbanization, growing consumption of convenience food, shifting trend towards nutrition and wellness, and rising production of fruit juices are some factors attributing to the growth of this region. The increasing purchasing power of consumers and growing application in pharmaceuticals for production of syrups, tablets, and elixirs also drives the market growth in this region.
Competitive Landscape
The leading players in the Sorbitol market include ADM, American International Foods Inc., Associated British Foods Plc, Cargill Incorporation, Ecogreen Oleochemicals, Gujarat Ambuja Exports Ltd., Gulshan Polyols Ltd, Ingredion Incorporated, Kasyap Sweetners Ltd., MOSSELMAN, Roquette Frères, SPI Pharma Inc., Sukhjit Starch & Chemicals Ltd., Tereos SCA, The Archer-Daniels-Midland Company. To expand their customer base and strengthen their market presence, these companies are expanding their presence across various geographies and entering new markets in developing regions. To meet rising consumer demands, companies are also introducing new innovative products to the market.
Sorbitol Market Report Scope
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Report Attributes |
Details |
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Market size value in 2020 |
USD 1.50 billion |
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Revenue forecast in 2028 |
USD 2.49billion |
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CAGR |
6.6% from 2021 - 2028 |
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Base year |
2020 |
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Historical data |
2016 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
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Segments covered |
By Form, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
ADM, American International Foods Inc., Associated British Foods Plc, Cargill Incorporation, Ecogreen Oleochemicals, Gujarat Ambuja Exports Ltd., Gulshan Polyols Ltd, Ingredion Incorporated, Kasyap Sweetners Ltd., MOSSELMAN, Roquette Frères, SPI Pharma Inc., Sukhjit Starch & Chemicals Ltd., Tereos SCA, The Archer-Daniels-Midland Company |
