What are the Historical Developments and Current Growth Metrics of the Sorbitol Market?
The sorbitol market has seen considerable growth due to a variety of factors.
• The sorbitol market has seen strong growth in recent years. It will increase from $1.83 billion in 2024 to $1.96 billion in 2025 at a CAGR of 7.1%.
The growth is driven by the rising use of sorbitol in personal care products, economic growth, higher disposable incomes in developing markets, its use as a pharmaceutical excipient, and its application in various industrial sectors.
What Is The Projected Growth Of The Sorbitol Template Market?
The sorbitol market is expected to maintain its strong growth trajectory in upcoming years.
• The sorbitol market is expected to see strong growth, reaching $2.55 billion by 2029 at a CAGR of 6.8%.
Factors driving growth include sustainability, health and wellness trends, increasing use of sorbitol in pharmaceuticals, regulatory support, and the preference for natural sweeteners. Key trends include expansion in personal care, pharmaceuticals, technological innovations, emerging markets, and innovative food/beverage products.
What Are The Key Drivers Fueling Growth In The Sorbitol Market?
The surged prevalence of diabetes is likely to boost the expansion of the sorbitol market in the future. Diabetes is a long-term health condition marked by excessive sugar levels in the blood due to the body's inadequacy to generate sufficient insulin or use the insulin it produces efficiently. The ascension in obesity rates, inactive lifestyles, unbalanced diets, and an aging populace all influence the diabetes market. Sorbitol, with its low glycemic index and decreased caloric count, is a favored sugar replacement in products suitable for diabetics, enabling individuals with diabetes to control their blood sugar levels while indulging in sweet delicacies. For example, as per the National Health Service (NHS), a government agency based in the UK, there has been a spike in the number of diabetes cases under 40 from 173,166 in 2022 to 216,440 in 2023 in June 2024. This considerable increase underscores an alarming trend of growing diabetes incidence in younger demographics. Therefore, the escalated prevalence of diabetes is expected to fuel the growth of the sorbitol market.
What Are The Principal Market Segments In The Global Sorbitol Industry?
The sorbitol market covered in this report is segmented –
1) By Product: Liquid, Crystal
2) By Application: Oral Care, Vitamin C, Diabetic And Dietetic Food And Beverage, Surfactant, Other Applications
3) By End User: Personal Care, Chemical, Food, Pharmaceuticals, Other End Users
Subsegments:
1) By Liquid Sorbitol: Food Grade Liquid Sorbitol, Industrial Grade Liquid Sorbitol, Pharmaceutical Grade Liquid Sorbitol, Liquid Sorbitol For Cosmetics And Personal Care
2) By Crystal Sorbitol: Food Grade Crystal Sorbitol, Pharmaceutical Grade Crystal Sorbitol, Industrial Grade Crystal Sorbitol, Crystal Sorbitol For Cosmetics And Personal Care
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What New Trends Are Influencing The Sorbitol Market?
Leading organizations in the sorbitol market are concentrating on introducing various forms of sorbitol including sorbitol powder, aiming to meet the changing needs of consumers and leveraging the growing use of sorbitol in different sectors. Sorbitol powder, a sweetener and humectant extracted from glucose, is typically utilized in food, beauty products, and pharmaceuticals. Case in point, Sunar Misir, a corn-based ingredient producer based in Turkey, recently rolled out Sunsorb in March 2022. It's a specially designed sorbitol powder that caters to a wide variety of uses. Its refreshing effect, ideal for sugar-free chewing gum, boosts freshness while attaining the perfect texture in tableting processes for solid tablets that are best suited for confectionery and pharmaceutical applications. Sunsorb Powder, with its standout tableting characteristics, is the go-to option for pharmaceutical grade effervescent, chewable, and swallowable tablets, and serves as a dependable binding agent for lozenges and pellets.
Who Are the Key Players In The Sorbitol Market?
Major companies operating in the sorbitol market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• Merck KGaA
• DuPont de Nemours Inc.
• Ingredion Incorporated
• Tereos SA
• Roquette Frères
• Sigma-Aldrich Co. LLC.
• Luzhou Group
• Dancheng Caixin Sugar Industry Co. Ltd.
• Futaste Pharmaceutical Co. Ltd.
• Ecogreen Oleochemicals
• PT Sorini Agro Asia Corporindo Tbk
• Sorini Agro Asia Corporindo Tbk
• Gulshan Polyols Ltd.
• Spectrum Chemical Manufacturing Corp
• SPI Pharma
• TCI Chemicals Pvt. Ltd.
• Sukhjit Starch & Chemicals Ltd.
• Kasyap Sweeteners Ltd.
• B Food Science Co. Ltd
• American International Foods Inc
• Mitsubishi Shoji Foodtech Co. Ltd.
• Ueno Fine Chemicals
• Qingyuan Foods
What Are The Regional Insights Into The Sorbitol Market?
North America was the largest region in the sorbitol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sorbitol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
