The global sorbitol market reached a volume of 2.56 Million Metric Tons in 2019. 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. Looking forward, IMARC Group expects the market to reach a volume of 2.83 Million Metric Tons by 2025, at a CAGR of 1.60% over the forecast period (2020-2025).
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.
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