Sorbitol Market to Surpass US$2,420 Million by 2028 | CAGR 6% Report by Acumen Research and Consulting
The Global Sorbitol Market Size is estimated to grow a CAGR above 6% over the forecast timeframe and reach a market value of around US$2,420 Million by 2028.
LONDON, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Sorbitol is formed by the catalytic hydrogenation of D-glucose and is exists as a free-flowing crystalline powder and as aqueous solution. It is a type of sugar that is found naturally in fruits and plants and can also be invented synthetically from glucose. It is added in the food products and drugs or tablets to improve their shelf-life and avoid the precipitation of sugar. Moreover, *Sorbitol* is a substitute for sugar with a sugary flavor which the human being body metabolizes gradually. Sorbitol is used in Vitamin C tablets, toothpaste, mouthwash, chemical, food and beverage (F&B), pharmaceutical industry, and others. Furthermore, sorbitol is 61% as sweet as sugar and has about 36% less calories per gram.
*Download Sample Pages Of this report -* *https://www.acumenresearchandconsulting.com/request-sample/2846*
*Sorbitol Market Dynamics*
Increasing health problems due to the surge in consumption of sugar-based products is propelling the growth of the sorbitol market. Whereas sorbitol offers calories into individuals' diet and also contains lower calories as compared to regular sugar. Also, it may assist weight-control efforts for someone who is dieting or cutting down on sugar consumption. However, sorbitol is a carbohydrate and can increase blood sugar levels if consumed in excess, although the human body absolutely metabolizes sorbitol. Moreover, surging prevalence of obesity and diabetes are forcing people to opt for sorbitol over normal sugar, thereby driving the sorbitol market.
*View Table Of Content of this report -* *https://www.acumenresearchandconsulting.com/sorbitol-market*
*COVID-19 Impact Analysis:*
The global Sorbitol Market has illustrated a decrease in the sales for several food and beverages products owing to the lockdown enforcement placed by governments to contain COVID spreading. The production facilities all over the world had to face restrictions, thereby decreasing the production and supply to the end-user applications. Moreover, restrictions imposed by various nations to contain COVID had also affected entire supply chain. However, the world markets are slowly opening to their full potential, and there’s a pour in demand for Sorbitol.
*Sorbitol Market Segmentation*
*Liquid/Syrup among type segment, dominated the market in 2020*
Liquid/syrup sorbitol dominates the market share owing to its wide applications in the pharmaceuticals industry and cosmetic division. Additionally, it is used as an alternative for sugar in the food & beverage (F&B) sector and pharmaceutical industries. Therefore, from growing demand for sugar alternative to emerging awareness towards the low-calorie ingestion is expected to encourage industrial growth for the liquid/syrup sorbitol throughout the forthcoming years. Furthermore, the cost of the liquid/syrup sorbitol form is lower than the crystal/powder sorbitol form which will further boost the growth of the liquid/syrup sorbitol by type segment.
*To receive personalized service, please share your research needs here@* *https://www.acumenresearchandconsulting.com/request-customization/2846*
*Pharmaceuticals application led the market with the highest shares in 2020*
Based on the application, the pharmaceuticals segment accounted for major share and will continue its dominance during the forecast period due to use of sorbitol in the drug manufacturing as sweeteners or as a humectants in majority of the arrangements. Also, it issued as ascorbic acid for vitamin C,drugs and tablets. Moreover, rising demand for sorbitol in the pharmaceuticals industry to coat the awful taste and smell of drug products will further drive the market.
*Regional Outlook*
Asia Pacific is the largest market for sorbitol and is projected to grow at CAGR of 9.4% during the forecast period majorly due to presence of China. China is the highest producer of sorbitol and derivative in the world along with the largest exporter of the same. Apart from China, Indonesia is the second largest producer of starch sorbitol along with sweeteners. Moreover, the personal care and cosmetic production of the region is also one of the major leading function areas of sorbitol. Rising usage of personal care and cosmetics globally is anticipated to extend the sorbitol market revenue over the forecast period. However, propylene glycol and glycerin are the prominent substitutes for sorbitol, which can act as the restrain to this market.
North America accounted for lucrative growth in 2020 and is projected to account for a CAGR of 7% throughout the forecast period, owing to the superior demand for natural personal care products. The surge in penetration of the sorbitol market in the European region is owing to the growing food and beverages industry that remains continuously emerging and rising adoption for new ingredients. The European region is one of the widespread and organized markets for food and beverages.
*Major Players*
The key player of the sorbitol market involves Tereos Starch & Sweeteners, Ingredion Inc, Roquette Freres, Cargill Inc., Archer Daniel Midland, SPI Pharma, Merck KGaA, Kasyap Sweeteners, Ltd., DuPont, Pfizer Inc., Tate & Lyle and among others.Roquette is the major provider of sorbitol, which acquires more than 12.76% of production.
*Key Industry Development *
· In December 2018, Cargill bought Indonesian Sorbitol Giant Sorini (T SoriniAgro Asia CorporindoTbk) for US$ 245 million. Sorini is one of the prominent suppliers andproducers of sorbitol, drive seven manufacturing facilities located in Indonesia's East Java and Lampung provinces.
*View Complete Table Of Content*
*ACCESS THIS PREMIUM RESEARCH REPORT - **https://www.acumenresearchandconsulting.com/buy-now/0/2846*
*Would like to place an order or any question, please feel free to contact at **sales@acumenresearchandconsulting.com** | +1 407 915 4157*
*About Acumen:*
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
*For Latest Update Follow Us:*
*https://twitter.com/AcumenRC*
*https://www.facebook.com/acumenresearchandconsulting*
*https://www.linkedin.com/company/acumen-research-and-consulting*
*Website- **https://amecoresearch.com*
*Our Blogs -*
*http://globepredict.com*
*http://www.timestechpharma.com*