Sorbitol, also known as glucitol, is a sugar alcohol which is found in several fresh fruits and berries. It can also be produced industrially by the hydrogenation of glucose. It is lower in calories than sucrose; has exceptional stabilising and texturizing properties; and does not contribute to tooth decay. Owing to these properties, it is extensively used in a wide variety of food products, including sugar-free candies, chewing gums, and foods such as frozen desserts and baked goods. Apart from this, it also finds applications in the pharmaceutical and cosmetic industries. According to IMARC Group’s latest report titled, “Indian Sorbitol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the sorbitol market in India reached a volume of 166 Thousand Metric Tons in 2017, growing at a CAGR of nearly 3.4% during 2010-2017.
In the pharmaceutical sector, sorbitol is used as a preliminary material for ascorbic acid tablets, and in cough syrups for its sweetening properties. It is also used as a laxative since it helps in stimulating bowel movements. Some of its other applications are in the toothpaste, food and confectioneries, and industrial surfactant sectors. Diverse applications of sorbitol represent one of the primary factors that has added to its overall demand. Increase in the cases of diabetes in India remains another force catalysing the market growth. Other growth inducing factors are rising population, elevating incomes and increasing health consciousness in the country. According to the report, the market is further expected to reach a volume of 187 Thousand Metric Tons by 2023.
The report has segmented the Indian sorbitol market on the basis of type, covering crystal sorbitol and liquid sorbitol. Currently, liquid sorbitol accounts for the majority of the consumption in the region. The report has also analysed the market on the basis of states and found that Madhya Pradesh represents the largest producer of sorbitol in India. The report has further analysed the competitive landscape of the market, providing the profiles of the key players.
This report provides a deep insight into the Indian sorbitol industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a sorbitol manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian sorbitol industry in any manner.
What we have achieved in this report:
Comprehensive situation analysis of the Indian sorbitol market and its dynamics
Focus of the analysis:
- Historical, current and future trends in production capacity
- Historical, current and future trends in production
- Historical, current and future trends in demand
- Historical, current and future trends in prices
- Demand by application sector
- Production by region
- Consumption by region
- Production by type of feedstock (corn, wheat, cassava, etc.)
- Key players and their production capacities
- Sorbitol substitutes
Evaluation of various sorbitol feedstocks and their manufacturing process
Focus of the analysis:
- Characteristics of various feedstocks used in sorbitol production
- Yield of sorbitol and byproducts from various feedstocks
- Manufacturing process of sorbitol
- Interchanging feedstocks
Evaluation of major sorbitol manufacturers
Manufacturers covered: Kasyap Sweeteners, Gulshan Polyols, Gayatri Bio-organics and Sukhjit Starch and Chemicals
Focus of the analysis:
- Company description
- Sorbitol production capacity
- Plant locations
Information Sources:
Information has been sourced from both primary and secondary sources:
- Primary sources include industry surveys and face to face/telephone interviews with manufacturers, end-users and industry experts.
- Secondary sources include proprietary databases and search engines. These sources include company websites, reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Indian Sorbitol Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Production Capacity
5.2.2 Production
5.2.3 Consumption
5.2.4 Global Trade Data
5.2.5 India Trade Data
5.2.6 Price Trends
5.3 Market by State
5.3.1 Production Breakup by State
5.3.2 Consumption Breakup by State
5.4 Market by Application
5.4.1 Pharmaceuticals
5.4.2 Cosmetics and Toiletries
5.4.3 Toothpaste
5.4.4 Food and Confectioneries
5.4.5 Industrial Surfactants
5.4.6 Others
5.5 Market by Feedstock
5.5.1 Corn
5.5.2 Others
5.6 Market by Type
5.6.1 Liquid Sorbitol
5.6.2 Crystal Sorbitol
5.7 Market by Distribution Channel
5.7.1 Distributors
5.7.2 Manufacturers
5.8 Sorbitol Substitutes
5.7 Market Forecast
5.7.1 Production Capacity
5.7.2 Production
5.7.3 Consumption
5.7.4 Price Trends
5.8 Tax Structure for Sorbitol Industry in India
6 Indian Sorbitol Market: Value Chain
7 Indian Sorbitol Market: Margin Analysis
7.1 Farmers Margins
7.2 Collectors Margins
7.3 Starch Manufacturer Margins
7.4 Sorbitol Manufacturer Margins
7.5 Distributor Margins
7.6 Exporters Margins
8 Indian Sorbitol Market: SWOT Analysis
8.1 Strengths
8.2 Weaknesses
8.3 Opportunities
8.4 Threats
9 Indian Sorbitol Market: Porter’s Five Forces Analysis
9.1 Overview
9.2 Bargaining Power of Buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of Rivalry
9.5 Threat of New Entrants
9.6 Threat of Substitutes
10 Competitive Landscape
10.1 Competitive Structure
10.2 Market Breakup by Key Players
11 Indian Native Starch Industry
11.1 Market Overview
11.2 Market Performance
11.2.1 Production Capacity
11.2.2 Production
11.2.3 Consumption
11.2.4 Imports/Exports
11.2.5 Price Trends
11.3 Market by Region
11.4 Market by Application
11.5 Market by Feedstock
11.6 Market Share of Key Players
11.7 Market Forecast
11.7.1 Production Capacity
11.7.2 Production
11.7.3 Consumption
11.7.4 Price Trends
11.8 Tax Structure for Starch Industry in India
12 Indian Sorbitol Market: Feedstock and Manufacturing Analysis
12.1 Corn
12.1.1 Production Trends
12.1.2 Sorbitol Manufacturing from Corn
12.1.2.1 Manufacturing Process
12.1.2.2 Process Flow
12.1.2.3 Mass Balance and Feedstock Requirements
12.1.2.4 Land and Construction Requirements
12.1.2.5 Machinery Requirements
12.1.2.6 Machinery Suppliers
12.1.2.7 Utility Requirements
12.1.2.8 Manpower Requirements
12.1.2.9 Capital Costs
12.1.2.10 Raw Material Costs
12.1.2.11 Final Product and By-Product Prices
12.1.2.12 Total Cost per Ton
12.2 Wheat
12.2.1 Production Trends
12.2.2 Sorbitol Manufacturing from Wheat
12.2.2.1 Manufacturing Process
12.2.2.2 Process Flow
12.2.2.3 Mass Balance and Feedstock Requirements
12.2.2.4 Land and Construction Requirements
12.2.2.5 Machinery Requirements
12.2.2.6 Machinery Suppliers
12.2.2.7 Utility Requirements
12.2.2.8 Manpower Requirements
12.2.2.9 Capital Costs
12.2.2.10 Raw Material Costs
12.2.2.11 Final Product and By-Product Prices
12.2.2.12 Total Cost per Ton
12.3 Cassava
12.3.1 Production Trends
12.3.2 Sorbitol Manufacturing from Cassava
12.3.2.1 Manufacturing Process
12.3.2.2 Process Flow
12.3.2.3 Mass Balance and Feedstock Requirements
12.3.2.4 Land and Construction Requirements
12.3.2.5 Machinery Requirements
12.3.2.6 Machinery Suppliers
12.3.2.7 Utility Requirements
12.3.2.8 Manpower Requirements
12.3.2.9 Capital Costs
12.3.2.10 Raw Material Costs
12.3.2.11 Final Product and By-Product Prices
12.3.2.12 Total Cost per Ton
12.4 Corn Starch
12.4.1 Sorbitol Manufacturing from Corn Starch
12.4.1.1 Manufacturing Process
12.4.1.2 Process Flow
12.4.1.3 Mass Balance and Feedstock Requirements
12.4.1.4 Specifications of Corn Starch and Sorbitol
12.4.1.5 Land and Construction Requirements
12.4.1.6 Machinery Requirements
12.4.1.7 Machinery Suppliers
12.4.1.8 Major Distributors
12.4.1.9 Utility Requirements
12.4.1.10 Manpower Requirements
12.4.1.11 Capital Costs
12.4.1.12 Raw Material Costs
12.4.1.13 Final Product Prices
12.4.1.14 Total Cost per Ton
13 Key Player Profiles
13.1 Kasyap Sweetners
13.2 Gulshan Polyols
13.3 Gayatri Bio-organics
13.4 Sukhjit Starch & Chemicals Ltd.
13.5 Gujarat Ambuja Exports Limited
List of Figures
Figure 1: India: Sorbitol Market: Production Capacity (in 000’ Metric Tons), 2010 - 2017
Figure 2: India: Sorbitol Market: Production Volume (in 000’ Metric Tons), 2010 - 2017
Figure 3: India: Sorbitol Market: Consumption Volume (in 000’ Metric Tons), 2010 - 2017
Figure 4: Global: Sorbitol Market: Breakup by Export Value
Figure 5: Global: Sorbitol Market: Breakup by Import Value
Figure 6: India: Sorbitol Market: Breakup by Export Value
Figure 7: India: Sorbitol Market: Breakup by Import Values
Figure 8: India: Sorbitol Market: FOB Prices (in US$/Ton), 2010-2017
Figure 9: India: Sorbitol Market: Price Trends (in US$/Ton), 2010 – 2017
Figure 10: India: Sorbitol Market: Production Breakup by Region, 2017
Figure 11: India: Sorbitol Market: Consumption Market by Region, 2017
Figure 12: India: Sorbitol Market: Market by Application (in %), 2017
Figure 13: India: Sorbitol Production: Breakup by Feedstock (in %), 2017
Figure 14: India: Sorbitol Production: Breakup by Type (in %), 2017
Figure 15: India: Sorbitol Market: Distribution by Channel (in %), 2017
Figure 16: India: Sorbitol Market Forecast: Production Capacity (in 000’ Metric Tons), 2018-2023
Figure 17: India: Sorbitol Market Forecast: Production Volume (in 000’ Metric Tons), 2018-2023
Figure 18: India: Sorbitol Market Forecast: Consumption Volume (in 000’ Metric Tons), 2018-2023
Figure 19: India: Sorbitol Market: Price Trends (in US$/Ton), 2018 - 2023
Figure 20: India: Pharmaceuticals: Demand Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 21: India: Cosmetics and Toiletries: Demand Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 22: India: Toothpaste: Demand Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 23: India: Food and Confectionaries: Demand Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 24: India: Industrial Surfactants: Demand Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 25: India: Others: Demand Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 26: India: Liquid Sorbitol: Production Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 27: India: Crystal Sorbitol: Production Volume (in 000’ Metric Tons), 2010, 2017 & 2023
Figure 28: India: Sorbitol Industry: Value Chain Analysis
Figure 29: India: Sorbitol Industry: Margins Across Various Levels of Supply Chain
Figure 30: Indian Sorbitol Industry: SWOT Analysis
Figure 31: India: Sorbitol Industry: Porter’s Five Forces Analysis
Figure 32: India: Sorbitol Market: Market Breakup by Key Players (in %), 2017
Figure 33: India: Starch Market: Production Capacity (in 000’ Tons), 2010 - 2017
Figure 34: India: Starch Market: Production Volume (in 000’ Tons), 2010 - 2017
Figure 35: India: Starch Market: Consumption Volume (in 000’ Tons), 2010 - 2017
Figure 36: India: Starch Market: Breakup by Export Value
Figure 37: India: Starch Market: Breakup by Import Value
Figure 38: India: Starch Market: Price Trends (in US$/Ton), 2010 – 2017
Figure 39: India: Starch Market: Market by Region (in %), 2017
Figure 40: India: Starch Market: Market by Applications (in %), 2017
Figure 41: India: Starch Market: Breakup by Feedstock (in %), 2017
Figure 42: India: Starch Market: Market Breakup by Key Players (in %), 2017
Figure 43: India: Starch Market: Production Capacity (in 000’ Tons), 2018 - 2023
Figure 44: India: Starch Market: Production Volume (in 000’ Tons), 2018 - 2023
Figure 45: India: Starch Market: Consumption Volume (in 000’ Tons), 2018 - 2023
Figure 46: India: Starch Market: Price Trends (in US$/Ton), 2018 – 2023
Figure 47: India: Sorbitol Market: Production of Corn (in 000’ Metric Tons), 2010 - 2017
Figure 48: Sorbitol Manufacturing Process from Corn
Figure 49: Production of Starch Slurry Using Corn
Figure 50: Production of Glucose Syrup from Corn Starch Slurry
Figure 51: Conversion of Glucose Syrup to Sorbitol
Figure 52: Sorbitol Production from Corn: Conversion Rate of Feedstock
Figure 53: India: Sorbitol Market: Production of Wheat (in 000’ Metric Tons), 2010 - 2017
Figure 54: Sorbitol Manufacturing Process from Wheat
Figure 55: Production of Starch Slurry Using Wheat
Figure 56: Production of Glucose Syrup from Starch Slurry
Figure 57: Conversion of Glucose Syrup to Sorbitol
Figure 58: Sorbitol Production from Wheat: Conversion Rate of Feedstock
Figure 59: India: Sorbitol Market: Production of Cassava (in 000’ Metric Tons), 2010 - 2017
Figure 60: Sorbitol Manufacturing Process from Cassava
Figure 61: Production of Starch Slurry Using Cassava
Figure 62: Production of Glucose Syrup from Starch Slurry
Figure 63: Conversion of Glucose Syrup to Sorbitol
Figure 64: Sorbitol Production from Cassava: Conversion Rates of Feedstock
Figure 65: Sorbitol Manufacturing Process from Corn Starch
Figure 66: Production of Glucose Syrup from Corn Starch Slurry
Figure 67: Conversion of Glucose Syrup to Sorbitol
Figure 68: Sorbitol Production from Corn Starch: Conversion Rates of Feedstock
Figure 69: Kasyap Sweeteners: Revenue (in Million US$)
Figure 70: Gulshan Polyols: Revenue (in Million US$)
Figure 71: Gayatri BioOrganics: Revenue (in Million US$)
Figure 72: Sukhjit Starch and Chemicals: Revenue (in Million US$)
List of Tables
Table 1: Indian Sorbitol Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Sorbitol Market: Export Data by Country
Table 3: Global: Sorbitol Market: Import Data by Country
Table 4: India: Sorbitol Market: Export Data by Country
Table 5: India: Sorbitol Market: Import Data by Country
Table 6: India: Sorbitol Market: Major Consumers of Sorbitol, 2017
Table 7: Characteristics of Various Polyols
Table 8: Sorbitol Industry: Tax Structure of Sorbitol (Within State)
Table 9: Sorbitol Industry: Tax Structure of Sorbitol (Outside State)
Table 10: Sorbitol Industry: Tax Structure of Sorbitol (With GST)
Table 11: India: Starch Market: Key Industry Highlights, 2017 and 2023
Table 12: India: Native Starch Market: Export Data by Country
Table 13: India: Starch Market: Import Data by Country
Table 14: Starch Industry: Tax Structure of Starch (Within State)
Table 15: Starch Industry: Tax Structure of Starch (Outside State)
Table 16: Starch Industry: Tax Structure of Starch (With GST)
Table 17: Sorbitol Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 18: Sorbitol Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 19: Sorbitol Manufacturing Plant: Machinery Costs (in US$)
Table 20: Sorbitol Manufacturing Plant: Machinery Suppliers
Table 21: Sorbitol Manufacturing Plant: Costs Related to Utilities (in US$)
Table 22: Sorbitol Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 23: Sorbitol Manufacturing Plant: Capital Costs (Including Land and Site Development Cost) (in US$)
Table 24: Sorbitol Manufacturing Plant: Capital Costs (Excluding Land and Site Development Cost) (in US$)
Table 25: Sorbitol Manufacturing Plant: Raw Material Requirements (in US$)
Table 26: Sorbitol Manufacturing Plant: Final Product Price (in US$)
Table 27: Sorbitol Manufacturing Plant: Co-Product Prices (in US$)
Table 28: Sorbitol Manufacturing Plant: Production Cost per Ton (in US$)
Table 29: Sorbitol Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 30: Sorbitol Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 31: Sorbitol Manufacturing Plant: Machinery Costs (in US$)
Table 32: Sorbitol Manufacturing Plant: Machinery Suppliers
Table 33: Sorbitol Manufacturing Plant: Costs Related to Utilities (in US$)
Table 34: Sorbitol Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 35: Sorbitol Manufacturing Plant: Capital Costs (Including Land and Site Cost) (in US$)
Table 36: Sorbitol Manufacturing Plant: Capital Costs (Excluding Land and Site Cost) (in US$)
Table 37: Sorbitol Manufacturing Plant: Raw Material Requirements (in US$)
Table 38: Sorbitol Manufacturing Plant: Final Product Price (in US$)
Table 39: Sorbitol Manufacturing Plant: Co-Product Prices (in US$)
Table 40: Sorbitol Manufacturing Plant: Production Cost per Ton (in US$)
Table 41: Sorbitol Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 42: Sorbitol Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 43: Sorbitol Manufacturing Plant: Machinery Costs (in US$)
Table 44: Sorbitol Manufacturing Plant: Machinery Suppliers
Table 45: Sorbitol Manufacturing Plant: Costs Related to Utilities
Table 46: Sorbitol Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 47: Sorbitol Manufacturing Plant: Capital Costs (Including Land and Site Cost) (in US$)
Table 48: Sorbitol Manufacturing Plant: Capital Costs (Excluding Land and Site Cost) (in US$)
Table 49: Sorbitol Manufacturing Plant: Raw Material Requirements (in US$)
Table 50: Sorbitol Manufacturing Plant: Final Product Prices (in US$)
Table 51: Sorbitol Manufacturing Plant: Co-Product Prices (in US$)
Table 52: Sorbitol Manufacturing Plant: Production Cost per Ton (in US$)
Table 53: Specifications of Corn Starch
Table 54: Specifications of Sorbitol
Table 55: Sorbitol Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 56: Sorbitol Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 57: Sorbitol Manufacturing Plant: Machinery Costs (in US$)
Table 58: Sorbitol Manufacturing Plant: Machinery Suppliers
Table 59: India: Sorbitol Manufacturing Plant: Major Distributors
Table 60: Sorbitol Manufacturing Plant: Costs Related to Utilities (in US$)
Table 61: Sorbitol Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 62: Sorbitol Manufacturing Plant: Capital Costs (Including Land and Site Development Cost) (in US$)
Table 63: Sorbitol Manufacturing Plant: Capital Costs (Excluding Land and Site Development Cost) (in US$)
Table 64: Sorbitol Manufacturing Plant: Raw Material Requirements and Expenditure (in US$)
Table 65: Sorbitol Manufacturing Plant: Final Product Price (in US$)
Table 66: Sorbitol Manufacturing Plant: Production Cost per Ton (in US$)
Table 67: Kasyap Sweeteners: Plant Location and Capacity
Table 68: Kasyap Sweeteners: Plant Location and Capacity
Table 69: Gayatri BioOrganics: Plant Location and Capacity
Table 70: Sukhjeet Starch and Chemicals: Plant Location and Capacity