The global Sorbitol market was valued at USD 1.10 billion in 2016 and is projected to reach USD 1.78 billion by 2025, growing at a CAGR of 5.5% from 2017 to 2025.
Sorbitol is a sugar alcohol which is slowly metabolized by the human body. Sorbitol is naturally available, but it is majorly synthesized from corn syrup. It is majorly used as a sweetener in majority of its applications. With rising health awareness among the population the demand for sorbitol is expected to grow rapidly over the forecast period.
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1. Market Drivers
1.1 Growing health awareness regarding high calorie foods
1.2 Rising number of people affected with diabetes
2. Market Restraints
2.1 Adherence to prescribed quality standards
2.2 Side Effects of sorbitol
The global Sorbitol Market is segmented on the basis of product, application, and region.
1. By Product:
2. By Application:
2.1 Personal Care & Cosmetics
2.4 Food & Beverages
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Cargill Corporation
2. Roquette Freres
3. Ingredion Incorporated
4. Archer Daniels Midland
5. Ecogreen Oleochemicals Pte Ltd.
6. Tereos Starch & Sweeteners
7. Merck Group
8. SPI Pharma Inc.
9. Gulshan Polyols
10. Sukhjit Starch & Chemicals Inc.
11. Danisco A/S
12. Qinhuangdao Lihua Starch Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Sorbitol Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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