The global sorbitol market reached a volume of 2.62 Million Tons in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Sorbitol, also known as glucitol, is a white and odorless crystalline powder with approximately 50-60% of the sweetness of sucrose. It is found in nature with relatively high concentrations in apples, peaches, plums, pears and apricots. Sorbitol is a non-volatile, non-flammable and non-corrosive polyol, which is chemically inert and compatible with excipients. It is produced commercially by electrolytic reduction of glucose and corn syrup. Owing to these chemical and physical characteristics, sorbitol is widely employed in the production of toothpaste, toiletries, cosmetics, confectionaries, sweets, frozen desserts, biscuits, ascorbic acid, industrial surfactants, pharmaceuticals and healthcare products.
According to the International Diabetes Federation, approximately 463 million adults were living with diabetes in 2019. As a result of the growing prevalence of the condition, the demand for artificial sweeteners, such as sorbitol, has increased in the production of diabetic foods. Besides this, owing to its various functional properties, sorbitol is utilized in diverse industries as a humectant, sweetener, bulking agent, stabilizer, softener and emulsifier. For instance, in the food industry, it is added to prevent the food from drying and aging and to extend the shelf-life of products as well as effectively prevent the precipitation of sugar. On the other hand, sorbitol is used as an excipient and diluent in tablet formulations, which are prepared either by wet granulation or direct compression.
IMARC Group provides an analysis of the key trends in each sub-segment of the global sorbitol market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, type, application and end-feedstock.
Breakup by Type:
Liquid sorbitol currently holds the largest market share due to its ability to bind water molecules and stabilize the mass in various personal care products, cosmetics, and foods and beverages.
Breakup by Application:
On the basis of the application, pharmaceuticals represent the leading segment as the majority of sorbitol in this sector is used in the manufacturing of ascorbic acid for vitamin C tablets.
Breakup by Feedstock:
Corn is currently the most popular feedstock and accounts for the entire sorbitol production in the US and the majority of the production in China, Europe and India.
On the geographical front, China exhibits a clear dominance in the market since the country accounts for around 90% of the global Vitamin C production.
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete with each other in terms of prices and quality.
The global sorbitol market size reached a volume of 2.62 Million Tons in 2020.
According to the estimates by IMARC Group, the global sorbitol market is expected to witness a CAGR of 2.1% from 2021 to 2026.
The increasing adoption of sorbitol across diverse industries, including cosmetics, personal care, industrial surfactants, etc., is currently driving the market growth on a global level.
The growing consumer inclination towards healthy food products and beverages with low-sugar content represents one of the key trends in the global sorbitol market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units of sorbitol as well as disrupted supply chains, across the globe.
On the basis of the application, the market has been bifurcated into cosmetics and toiletries, food and beverage, pharmaceuticals, toothpaste, industrial surfactants, and others. Amongst these, pharmaceuticals hold the majority of the total market share.
On the basis of the type, the market has been classified into powder sorbitol and liquid sorbitol. At present, liquid sorbitol exhibits a clear dominance in the market.
On the basis of the feedstock, the market has been categorized into corn, wheat, cassava and others. Corn currently accounts for the majority of the total market share.
Region-wise, the market has been classified into China, the United States, Europe, Indonesia, and India, where China dominates the global market.
The key companies in the global sorbitol market are Roquette Frères SA, Shandong Tianli Pharmaceutical Co. Limited, Ingredion Incorporated, PT Sorini Agro Asia Corporindo Tbk, Archer Daniels Midland Company, SPI Pharma, etc.
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