Sorbitol Market Development, Trends, Demand and Forecast Till 2024
Posted by peterclooney1 on October 22nd, 2019
The global sorbitol market has grown at a stable rate over the past few years. This can be accredited to the several applications of sorbitol in a wide array of industries. Additionally, growing health awareness has escalated the demand for low-calorie food products among the consumers, thereby fuelling the market growth.
Sorbitol is a kind of sugar alcohol which occurs naturally in plants and fruits and can also be manufactured synthetically from glucose. Due to its non-cariogenic and sweetening properties, sorbitol is used in the production of a wide range of products such as toothpastes, candies, ice-creams, syrups, jams, jellies, beverages, etc. Apart from this, it also works as a laxative by drawing water into the large intestine, thereby stimulating the bowel movements. A new research report by IMARC Group, titled “Sorbitol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global sorbitol market reached a volume of more than 2.5 Million Metric Tons in 2018, growing at a CAGR of 2.1% during 2011-2018. The report further anticipates the market to exceed a volume of 2.8 Million Metric Tons by 2024.
One of the major factors driving the sorbitol market growth is the wide range of applications of sorbitol in diverse industries. It is used as an additive, sweetener and thickening agent in the food industry; bodying agent in textile, paper and pharmaceutical industries; moisturiser in cosmetic and personal care products, etc.
Sorbitol is a low-calorie natural sweetener owing to which it is used as one of the key ingredients in dietary foods and beverages. Growth in the number of diabetes patients has increased the sales of food products containing sorbitol, thereby propelling the market growth. Further, increasing health awareness has contributed in attracting a larger consumer-base.
Sorbitol is also used as a feedstock for manufacturing vitamin C. However, due to over production of vitamin C, the market has witnessed a decline in the recent years, leading to increased application in other segments.
There are several factors that hamper the sorbitol market growth. Uncertain supply of raw material has caused fluctuation in the price of sorbitol, in turn, influencing the profitability of the manufacturers.
Explore full report with table of contents: https://www.imarcgroup.com/global-sorbitol-glucitol-market
Insights on Market Segmentation:
Breakup by Application
1. Cosmetics and Toiletries
2. Food and Beverage
5. Industrial Surfactants
Breakup by Type
1. Liquid Sorbitol
2. Powder Sorbitol
Breakup by Feedstock
Breakup by Region
2. United States
6. Competitive Landscape
The global sorbitol market consists of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
Roquette Frères SA
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Binary Options Trading Signals
BOTS room has been around for over 6 years and is the community everyone uses for strategy development for options and Forex. With market veterans with over 20 years experience, what could be better!