Market Outlook 2021-2026
The sorbitol market in India reached a volume of 165 Kilotons in 2020. Looking forward, IMARC Group expects the market to exhibit stable 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 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.
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.
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 market 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
- Impact of COVID-19
- 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 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.