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Report
Global Sorbitol Market Report and Forecast 2023-2028
Market Report I 2023-09-11 I 169 Pages I EMR Inc.
Global Sorbitol Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global sorbitol market reached a volume of about 2.66 million metric tons in 2022. Aided by the rising consumer demand for low-calorie and sugar-free food and beverage products and sorbitol's diversified applications across industries, the market is projected to further grow at a CAGR of 1.5% between 2023 and 2028 to reach a volume of 2.91 million metric tons by 2028.
Sorbitol, a six-carbon sugar alcohol, finds itself as a prevalent sugar substitute in a myriad of products, such as chewing gums, candies, ice creams, and baked goods. Its appeal predominantly lies in its reduced caloric content compared to table sugar, and its ability to retain moisture, thus prolonging the freshness of products. But sorbitol is more than just a sweetener. It offers multiple functionalities including as a humectant, flavouring agent, and emulsifying agent, thus making it a coveted ingredient in not only the food industry but also in cosmetics, pharmaceuticals, and personal care products.
With an increasing global emphasis on health and well-being, consumers are progressively inclining towards products that offer fewer calories, reduced sugar, or even sugar-free alternatives. This has led to a steady rise in sorbitol market demand. The burgeoning diabetic population worldwide further strengthens the demand, as sorbitol does not impact blood sugar levels in the same way traditional sugars do, making it an ideal sweetening alternative for diabetics.
Beyond its sweetening capabilities, sorbitol's role extends to other industries. In the pharmaceutical sector, sorbitol acts as a filler and excipient in the creation of syrups and gel-based capsules, given its excellent taste-masking properties. Meanwhile, the cosmetic and personal care industry has recognised sorbitol's potential as a humectant, which helps in retaining moisture, leading to its prevalent use in products like toothpaste, mouthwashes, and lotions. Hence, the growing expansion of these end use sectors across the emerging economies is fuelling the sorbitol market growth.
Another noteworthy trend is the application of sorbitol in the production of vitamin C through the fermentation process, given its role as a feedstock. The consistent global demand for vitamin C, particularly amidst health concerns, indirectly drives the market for sorbitol upwards.
Regionally speaking, the Asia-Pacific accounts for a significant portion of the sorbitol market share, with countries like China and India at the forefront. Their significant consumer base, coupled with the rising prevalence of diabetes and a heightened health consciousness, fuels the regional market growth. Additionally, the robust pharmaceutical and cosmetic sectors in these regions play a pivotal role in propelling the demand for sorbitol.
Market Segmentation
The market can be divided based on form, application, and region.
Market Breakup by Form
- Liquid
- Powder
Market Breakup by Application
- Pharmaceuticals
- Toothpaste
- Food and Beverages
- Cosmetics and Toiletries
- Industrial Surfactants
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sorbitol market. Some of the major players explored in the report by Expert Market Research are as follows:
- Roquette Freres
- Cargill, Incorporated
- Ingredion Incorporated
- ADM
- Merck KGaA
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Sorbitol Market Analysis
8.1 Key Industry Highlights
8.2 Global Sorbitol Historical Market (2018-2022)
8.3 Global Sorbitol Market Forecast (2023-2028)
8.4 Global Sorbitol Market by Form
8.4.1 Liquid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Powder
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Sorbitol Market by Application
8.5.1 Pharmaceuticals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Toothpaste
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Food & Beverages
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Cosmetics & Toiletries
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Industrial Surfactants
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Sorbitol Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Codes - 382460, 290544)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Feedstock Market Analysis
14.1 Global Corn Market Analysis
14.1.1 Key Industry Highlights
14.1.2 Global Corn Historical Market (2018-2022)
14.1.3 Global Corn Market Forecast (2023-2028)
14.1.4 Global Corn Market by Region
14.1.4.1 North America
14.1.4.2 Europe
14.1.4.3 Asia Pacific
14.1.4.4 Latin America
14.1.4.5 Middle East and Africa
14.2 Global Wheat Market Analysis
14.2.1 Key Industry Highlights
14.2.2 Global Wheat Historical Market (2018-2022)
14.2.3 Global Wheat Market Forecast (2023-2028)
14.2.4 Global Wheat Market by Region
14.2.4.1 North America
14.2.4.2 Europe
14.2.4.3 Asia Pacific
14.2.4.4 Latin America
14.2.4.5 Middle East and Africa
14.3 Global Cassava Market Analysis
14.3.1 Key Industry Highlights
14.3.2 Global Cassava Historical Market (2018-2022)
14.3.3 Global Cassava Market Forecast (2023-2028)
14.3.4 Global Cassava Market by Region
14.3.4.1 North America
14.3.4.2 Europe
14.3.4.3 Asia Pacific
14.3.4.4 Latin America
14.3.4.5 Middle East and Africa
14.4 Feedstock Trade Data Analysis (HS Codes - 1001,1005,071410)
14.4.1 Major Importing Countries
14.4.1.1 By Volume
14.4.1.2 By Value
14.4.2 Major Exporting Countries
14.4.2.1 By Volume
14.4.2.2 By Value
14.5 Feedstock Price Analysis
14.5.1 Corn Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.5.2 Cassava Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.5.3 Wheat Historical Price Trends (2018-2022) and Forecast (2023-2028)
15 Manufacturing Process
15.1 Detailed Process Flow
15.2 Operations Involved
15.3 Mass Balance
16 Project Details and Cost Analysis
16.1 Land and Construction Requirements
16.2 Plant Layout
16.3 Plant Machinery
16.4 Raw Material Cost
16.5 Utilities Requirement
16.6 Manpower Requirement
16.7 Capital Cost
16.8 Final Product and By-Product Prices
16.9 Total Cost per Tons
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players' Market Share
17.3 Company Profiles
17.3.1 Roquette Freres
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Financial Summary
17.3.1.5 Certifications
17.3.2 Cargill, Incorporated
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Financial Summary
17.3.2.5 Certifications
17.3.3 Ingredion Incorporated
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Financial Summary
17.3.3.5 Certifications
17.3.4 ADM
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Demographic Reach and Achievements
17.3.4.4 Financial Summary
17.3.4.5 Certifications
17.3.5 Merck KGaA
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Demographic Reach and Achievements
17.3.5.4 Financial Summary
17.3.5.5 Certifications
17.3.6 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Sorbitol Market: Key Industry Highlights, 2018 and 2028
2. Global Sorbitol Historical Market: Breakup by Form (Million Metric Tons), 2018-2022
3. Global Sorbitol Market Forecast: Breakup by Form (Million Metric Tons), 2023-2028
4. Global Sorbitol Historical Market: Breakup by Application (Million Metric Tons), 2018-2022
5. Global Sorbitol Market Forecast: Breakup by Application (Million Metric Tons), 2023-2028
6. Global Sorbitol Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
7. Global Sorbitol Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
8. North America Sorbitol Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
9. North America Sorbitol Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
10. Europe Sorbitol Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
11. Europe Sorbitol Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
12. Asia Pacific Sorbitol Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
13. Asia Pacific Sorbitol Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
14. Latin America Sorbitol Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
15. Latin America Sorbitol Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
16. Middle East and Africa Sorbitol Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
17. Middle East and Africa Sorbitol Market Forecast: Breakup by Country (Million Metric Tons), 2018-2022
18. Major Importing Countries by Volume (2019)
19. Major Exporting Countries by Volume (2019)
20. Major Importing Countries by Value (2019)
21. Major Exporting Countries by Value (2019)
22. North America Historical Price Trends and Forecast 2018-2022
23. Europe Historical Price Trends and Forecast 2018-2022
24. Asia Pacific Historical Price Trends and Forecast 2018-2022
25. Latin America Historical Price Trends and Forecast 2018-2022
26. Middle East and Africa Historical Price Trends and Forecast 2018-2022
27. Global Corn Market: Key Industry Highlights, 2018 and 2028
28. Global Corn Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
29. Global Corn Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
30. Global Wheat Market: Key Industry Highlights, 2015 and 2025
31. Global Wheat Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
32. Global Wheat Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
33. Global Cassava Market: Key Industry Highlights, 2018 and 2028
34. Global Cassava Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
35. Global Cassava Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
36. Corn: Major Importing Countries by Volume (2022)
37. Corn: Major Exporting Countries by Volume (2022)
38. Corn: Major Importing Countries by Value (2022)
39. Corn: Major Exporting Countries by Value (2022)
40. Wheat: Major Importing Countries by Volume (2022)
41. Wheat: Major Exporting Countries by Volume (2022)
42. Wheat: Major Importing Countries by Value (2022)
43. Wheat: Major Exporting Countries by Value (2022)
44. Cassava: Major Importing Countries by Volume (2022)
45. Cassava: Major Exporting Countries by Volume (2022)
46. Cassava: Major Importing Countries by Value (2022)
47. Cassava: Major Exporting Countries by Value (2022)
48. Corn Historical Price Trends and Forecast 2018-2022
49. Wheat Historical Price Trends and Forecast 2018-2022
50. Cassava Historical Price Trends and Forecast 2018-2022
51. Global Sorbitol Market Structure
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