According to the latest report by IMARC Group, titled "Sorbitol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global sorbitol market size reached 2.7 Million Tons in 2022. Sorbitol, also known as glucitol, is sugar alcohol in a white and odorless crystalline powder form extracted from plants and fruits, such as apples, peaches, plums, pears, and apricots. It is commercially manufactured from glucose and corn syrup by electrolytic reduction. It is a non-volatile, non-flammable and non-corrosive polyol, which is chemically inert and compatible with excipients.
Global Sorbitol Market Trends:
Sorbitol is used as an additive, sweetener, and thickening agent in the preparation of various food products and beverages, including chocolate, shakes, jam, jellies, ice cream, candies, smoothies, cookies, bread, cake, pizza, and biscuits. This, coupled with the thriving food and beverage (F&B) industry, represents one of the key factors augmenting the market growth around the world. Moreover, the increasing consumer preference toward low-calorie processed food products and beverages on account of the surging occurrence of diabetes among individuals and the rising health consciousness is bolstering the growth of the market. In addition, sorbitol finds application in the pharmaceutical industry to add sweetness and viscosity to different medicines, including cough syrups and ascorbic acid tablets. It is also utilized as a laxative as it aids in stimulating bowel movements. This, along with the growing need for prescription drugs on account of the increasing prevalence of medical conditions, is influencing the market positively. Apart from this, the rising usage of sorbitol in the manufacturing of personal care and cosmetic products, such as shampoos, serums, lotions, face masks, face wash, cleansers, and foundations, is creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a volume of 2.9 Million Tons by 2028, exhibiting a CAGR of 1.1% during 2023-2028.
- On the basis of the application, the market has been segmented into cosmetics and toiletries, food and beverage, pharmaceuticals, toothpaste, industrial surfactants, and others. Presently, pharmaceuticals hold the largest market share.
- Based on the type, liquid sorbitol currently accounts for the biggest market share.
- On the basis of the feedstock, the market has been categorized into corn, wheat, cassava, and others. At present, corn dominates the market.
- Region wise, the market has been divided into China, United States, Europe, Indonesia, and India. Amongst these, China enjoys the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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||‘000 Mt, US$ Million
||Type, Application, Feedstock, Region
|| China, United States, Europe, Indonesia, India
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