Indian Sorbitol Market: Analysis & Forecast 2018-2023
Posted by Sophia Jones on December 27th, 2018
Market Reports on India Provides the Trending Market Research Report on“Indian Sorbitol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Indian Sorbitol Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the sorbitol market in India reached a volume of 166 Thousand Metric Tons in 2017, growing at a CAGR of nearly 3.4% during 2010-2017.
Owing to these properties, it is extensively used in a wide variety of food products, including sugar-free candies, chewing gums, and foods such as frozen desserts and baked goods. Apart from this, it also finds applications in the pharmaceutical and cosmetic industries.
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Diverse applications of sorbitol represent one of the primary factors that has added to its overall demand. Increase in the cases of diabetes in India remains another force catalysing the market growth. Other growth inducing factors are rising population, elevating incomes and increasing health consciousness in the country. According to the report, the market is further expected to reach a volume of 187 Thousand Metric Tons by 2023.
- The report has segmented the Indian sorbitol market on the basis of type, covering crystal sorbitol and liquid sorbitol.
- The report has also analysed the market on the basis of states and found that Madhya Pradesh represents the largest producer of sorbitol in India.
- The report has further analysed the competitive landscape of the market, providing the profiles of the key players.
Reasons to buy
- This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
- Currently, liquid sorbitol accounts for the majority of the consumption in the region.
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