- Sorbitol is a sweet tasting sugar alcohol that is metabolized slowly.
- The majority of growth in the Sorbitol market is expected to be the U.S. and Canada in the North American region.
- In Europe, the main countries contributing to this growth are Germany, Italy, and the U.K among others.
The Global Sorbitol Market size is estimated to reach $2,350 million and record a CAGR of 6.65% by the end of 2024. Sorbitol is a sweet tasting sugar alcohol that is metabolized slowly. It is commonly used in food and beverages, pharmaceuticals and chemicals.
Top Key Players & Their Strategy
The key players profiled in the Sorbitol Market Report include Archer Daniels Midland Company (US), Cargill Incorporated (US), Roquette Freres (France), Ingredion Incorporated (US), Tereos Starch & Sweeteners (Brazil), Ecogreen Oleochemicals Pte Ltd (Singapore), Gulshan Polyols Ltd. (India), Merck Group (Germany), SPI Pharma Inc. (UK), Sukhjit Starch & Chemicals Ltd. (India), DowDupont Inc. (US), Gujrat Ambuja Exports Ltd. (India), and Jeecon Foods Pvt Ltd. (India) are some of the key players in the global sorbitol market.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
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The market for Sorbitol is segmented based on product, end-user and by applications; by product the Sorbitol market is segmented as crystal/ powder and syrup/liquid, based on end-user the Sorbitol market is segmented as food and beverages, pharmaceuticals and chemicals. Moreover, based on the applications of global Sorbitol market is segmented as Surfactants, diabetic food and beverages, Dietetic Food & Beverages and personal care.
North America, followed by Europe, is expected to show steady growth during the assessment period. The developed personal care and food & beverage industry are the major factors driving the market of this region. Moreover, the fast-paced lifestyle and the growing working population have augmented the demand for convenience food in the region, in turn, adding to the growth of the market. The majority of growth in the Sorbitol market is expected to be the U.S. and Canada in the North American region.
The developed personal home care industries in the European region is anticipated to drive the European market positively. The main countries contributing to this growth are Germany, Italy, and the U.K among others.