The latest report by IMARC Group titled, “Indian Sorbitol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the Indian sorbitol market reached a volume of 166 Thousand Metric Tons in 2017, representing a CAGR of 3.4% during 2010-2017. A type of carbohydrate, sorbitol is widely used as an alternative to sugar as it has a lower caloric value. It is present in fruits such as apples, pears, peaches, apricots, prunes, raisins, etc.; and can also be chemically extracted from glucose. Sorbitol is a highly viscous and non-volatile substance and is available in both crystalline and liquid forms. Being a low-calorie sweetener, it is ideal for health-conscious consumers and diabetic patients who look forward to minimise their sugar intake. Unlike sugar, it also has no harmful effects on oral health and does not contribute to tooth decay. Owing to these properties, sorbitol is extensively used in sugar-free culinary preparations like cake, candy, chewing gums and desserts, and is also found in non-food items like toothpaste and mouth-wash.
Highlights of the Indian sorbitol market:
- The surging demand for sorbitol across various industries is the biggest factor that is driving the market.
- Madhya Pradesh is the leading producer of sorbitol in the India.
- The pharmaceutical industry is the largest application segment of sorbitol.
The Indian sorbitol market is driven by its diverse applications. It is one of the basic ingredient in various industries and is used to manufacture products like vitamin C, toothpaste, confectionery items, cosmetics, toiletries and industrial surfactants. The advancement and progress of the pharmaceutical industry is expected to be significant for the sorbitol market in the future. Additionally, an increase in disposable incomes is facilitating the growth of the food and confectionery market which is a rapidly growing end-use segment of sorbitol. This will eventually lead to a substantial rise in its demand. Another factor driving the market is the abundance of corn availability in India, which is the primary raw material for manufacturing sorbitol. According to the report, the production of the sorbitol in India is expected to reach a volume of 187 Thousand Metric Tons by 2023.
On the basis of type, the market has been segmented into crystal and liquid sorbitol. Currently, the production of liquid sorbitol is higher than crystal sorbitol. The market is also segmented on the basis of key applications with the pharmaceuticals industry being the largest end-use segment. The other major segments include cosmetics and toiletries, toothpaste, food and confectioneries, and industrial surfactants. Region-wise, Madhya Pradesh represents the biggest producer of sorbitol followed by Gujrat, Andhra Pradesh and Punjab. On analysing the competitive landscape of the report, Kasyap Sweetners, Gulshan Polyols, Gayatri Bioorganics and Sukhjit Starch & Chemicals emerge as the key players.
The report by IMARC group has examined the Indian sorbitol market on the basis of:
- Cosmetics and Toiletries
- Food and Confectioneries
- Industrial Surfactants
- Liquid Sorbitol
- Crystal Sorbitol
- Madhya Pradesh
- Andhra Pradesh
- Kasyap Sweetners
- Gulshan Polyols
- Gayatri Bio-organics
- Sukhjit Starch & Chemicals Ltd.
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