PUBLISHER: Grand View Research | PRODUCT CODE: 1268765
PUBLISHER: Grand View Research | PRODUCT CODE: 1268765
Sorbitol Market Size, Share & Trends Analysis Report By Product (Liquid, Crystal), By Application (Oral Care, Vitamin C, Surfactant), By End-use (Personal Care), By Region, And Segment Forecasts, 2023 - 2030
Sorbitol Market Growth & Trends:
The global sorbitol market size is expected to reach USD 2.80 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.7% from 2023 to 2030. The increasing awareness regarding the health and digestive benefits associated with digestive health supplements, the rising geriatric population, increasing demand for non-medical dietary supplements, and technological advancements in the processing of these products are driving the demand for sorbitol-based products, consequently aiding the growth of the market over the forecast period.
The market growth is expected to be fueled by the increasing demand for the product for use in the manufacturing of various food and beverages, such as fruit juice, candies, and chocolates. Moreover, vitamin C is synthesized using sorbitol as the product is one of the building blocks in the manufacturing process. Vitamin C is also used for the production of dietary supplements, which is expected to grow at a high rate over the forecast period, resulting in the high growth of the market. The rise in the number of gym-goers, coupled with the increasing awareness regarding health and fitness, has positively affected the demand for nutritional drinks and thus has increased the demand for specialty ingredients across the world.
The liquid product segment dominated the market in 2022. It is used in the production of candy to increase its chewy texture and softness. Liquid sorbitol is also finding new applications in the tobacco market as it is added to chewing tobacco to enhance its flavor. The growing applications of liquid sorbitol are expected to be helpful in the growth of the segment over the forecast period. The crystal product segment is anticipated to witness significant growth from 2023 to 2030. Crystal sorbitol is used in numerous cosmetic products, such as moisturizers and face creams, in the form of humectant due to its resistance to bacteriological degradation and ability to retain moisture. The growing demand for cosmetic products is expected to impact the market growth positively over the forecast period.
The food end-use segment dominated the market in 2022. Sorbitol is majorly used as a sweetener and a low-calorie sugar substitute in the food and beverage industry. In addition to providing sweetness, sorbitol also acts as an excellent texturizing and anti-crystallization agent in the production of ice cream and bakery products. The growth of the food end-use segment is also attributed to rising product utilization in the production of diabetic food products. Efficiency in operation and product innovation are expected to drive the market. Fast-paced lifestyle and increased preference for convenience food are presumed to be some of the major drivers of the food processing sector, resulting in the growth in demand for sorbitol.
Factors such as advancements in nutrition and technology, growing consumer inclination toward improved health and longevity, and increasing frequency of exercising in modern lifestyles are expected to contribute to the augmented consumption of fiber-rich, organic, and gluten-free foods. This is expected to boost the consumption of sorbitol in the production of fiber-rich and gluten-free food products, thereby driving the market.
The companies are developing a broad range of products to cater to the requirements of different application industries and boost sales growth, thereby leading to the development of a diversified product portfolio. This, in turn, is expected to aid the companies to target different market segments and also improve brand equity.
Major companies in the market own several trademarks and patents, which emerge as valuable assets for the company. These patents and trademarks offer an important competitive edge to companies. These patents also witness the streams of new inventions generated by the companies, which are expected to enhance customer satisfaction and contribute to strengthening customer relationships. These patents also improve brand equity as well as the financial performance of the companies operating in the market. Over the forecast period, sorbitol is therefore expected to see an increased number of applications in the food and beverage industry.
Sorbitol Market Report Highlights:
- By product, liquid accounted for the largest share in terms of revenue as well as volume in 2022. The product is preferred over other substitute products as it is non-carcinogenic and has a pleasant and sweet taste
- The crystal product segment is expected to expand at the highest growth rate over the forecast period. Crystal sorbitol is used as a plasticizer in the manufacturing of capsule outer shell and as an excipient and filler in the production of pharmaceutical capsules
- The vitamin C application segment is expected to register the highest growth rate over the forecast period owing to its increasing use in functional foods and dietary supplements
- The food end-use segment held the largest market share in terms of revenue and volume in 2022. The food processing industry across the world is expected to witness a boost in sales owing to the increased consumer preferences in terms of variety of products as well as quality
- Companies operating in the market are continuously involved in the enhancement of the quality of products and the companies keep introducing new products with advanced features that are competitive in both performance and prices
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & THIRD-PARTY Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Sorbitol Market: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 Porter's Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Sorbitol Market: Supplier Portfolio Analysis
- 4.1 List of Key Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Sorbitol Market: Product Estimates & Trend Analysis
- 5.1 Product movement analysis & market share, 2022 & 2030
- 5.1.1 Liquid
- 5.1.1 Crystal
Chapter 6 Sorbitol Market: Application Estimates & Trend Analysis
- 6.1 Application movement analysis & market share, 2022 & 2030
- 6.1.1 Oral Care
- 6.1.2 Vitamin C
- 6.1.3 Diabetic & Diabetic Food & Beverage
- 6.1.4 Surfactant
- 6.1.5 Others
Chapter 7 Sorbitol Market: End-use Estimates & Trend Analysis
- 7.1 End-use movement analysis & market share, 2022 & 2030
- 7.1.1 Personal Care
- 7.1.2 Chemical
- 7.1.3 Food
- 7.1.4 Pharmaceuticals
- 7.1.5 Others
Chapter 8 Sorbitols Market: Regional Estimates & Trend Analysis
- 8.1 Sorbitols Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 Key Country Dynamics
- 8.2.2.2 U.S. Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Key Country Dynamics
- 8.2.3.2 Canada Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.2.3 Mexico
- 8.2.3.1 Key Country Dynamics
- 8.2.3.2 Mexico Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.3 Europe
- 8.3.1 Europe Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Key Country Dynamics
- 8.3.2.2 Germany Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.3.3 U.K.
- 8.3.3.1 Key Country Dynamics
- 8.3.3.2 U.K. Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.3.4 France
- 8.3.4.1 Key Country Dynamics
- 8.3.4.2 France Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.4.2 China
- 8.4.2.1 Key Country Dynamics
- 8.4.2.2 China Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.4.3 India
- 8.4.3.1 Key Country Dynamics
- 8.4.3.2 India Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.4.4 Japan
- 8.4.4.1 Key Country Dynamics
- 8.4.4.2 Japan Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.4.5 Australia
- 8.4.5.1 Key Country Dynamics
- 8.4.5.2 Australia Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.4.6 Thailand
- 8.4.6.1 Key Country Dynamics
- 8.4.6.2 Thailand Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.5 Central & South America
- 8.5.1 Central & South America Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Key Country Dynamics
- 8.5.2.2 Brazil Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
- 8.6.2 Saudi Arabia
- 8.6.2.1 Key Country Dynamics
- 8.6.2.2 Saudi Arabia Sorbitols Market Estimates and Forecasts, 2018 - 2030 (Thousand Litres) (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Participant's Overview
- 9.2 Financial Performance
- 9.3 Product Benchmarking
- 9.4 Recent Development & Imapct Analysis, By Key Market Participants
- 9.5 Company Categorization
- 9.6 Company Market Share Analysis, 2022
- 9.7 Company Heat Map Analysis
- 9.8 Strategy Mapping
- 9.9 Company Listing
- 9.9.1 American International Foods, Inc.
- 9.9.2 ADM
- 9.9.3 Cargill Incorporated
- 9.9.4 DuPont
- 9.9.5 Gulshan Polyols Ltd.
- 9.9.6 Merck KGaA
- 9.9.7 Ecogreen Oleochemicals GmbH
- 9.9.8 Qinhuangdao Lihua Starch Co., Ltd.
- 9.9.9 Roquette Freres
- 9.9.10 SPI Pharma
- 9.9.11 Tereos
- 9.9.12 Ingredion Incorporated
- 9.9.13 Kasyap Sweeteners, Ltd.
List of Tables
- Table 1 List of key end users
- Table 2 U.S. macro-economic outlay
- Table 3 Canada macro-economic outlay
- Table 4 Mexico macro-economic outlay
- Table 5 Germany macro-economic outlay
- Table 6 U.K. macro-economic outlay
- Table 7 France macro-economic outlay
- Table 8 China macro-economic outlay
- Table 9 India macro-economic outlay
- Table 10 Japan macro-economic outlay
- Table 11 Australia macro-economic outlay
- Table 12 Thailand macro-economic outlay
- Table 13 Brazil macro-economic outlay
- Table 14 Saudi Arabia macro-economic outlay
- Table 15 Participant's Overview
- Table 16 Financial Performance
- Table 17 Product Benchmarking
- Table 18 Recent Developments & Impact Analysis, By Key Market Participants
- Table 19 Company Heat Map Analysis
List of Figures
- Fig. 1 Sorbitols Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Sorbitols Market Snapshot
- Fig. 7 Sorbitols Market Segment Snapshot
- Fig. 8 Sorbitols Market Segment Snapshot
- Fig. 9 Sorbitols Market Competitive Landscape Snapshot
- Fig. 10 Sorbitols Market Value, 2022 (USD Million)
- Fig. 11 Sorbitols Market - Value Chain Analysis
- Fig. 12 Sorbitols Market - Price Trend Analysis 2018 - 2030 (USD/kg)
- Fig. 13 Sorbitols Market - Market Dynamics
- Fig. 14 PORTER'S Analysis
- Fig. 15 PESTEL Analysis
- Fig. 16 Sorbitols Market Estimates & Forecasts, by Product: Key Takeaways
- Fig. 17 Sorbitols Market Share, By Product, 2022 & 2030
- Fig. 18 Liquid Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 19 Crystal Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 20 Sorbitols Market Estimates & Forecasts, by Application: Key Takeaways
- Fig. 21 Sorbitols Market Share, By Application, 2022 & 2030
- Fig. 22 Sorbitols Market Estimates & Forecasts, in Oral Care, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 23 Sorbitols Market Estimates & Forecasts, in Vitamin C, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 24 Sorbitols Market Estimates & Forecasts, in Diabetic & Diabetic Food & Beverage, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 25 Sorbitols Market Estimates & Forecasts, in Surfactant, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 Sorbitols Market Estimates & Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Sorbitols Market Estimates & Forecasts, by End-use: Key Takeaways
- Fig. 28 Sorbitols Market Share, By End-use, 2022 & 2030
- Fig. 29 Sorbitols Market Estimates & Forecasts, in Personal Care, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 30 Sorbitols Market Estimates & Forecasts, in Chemical, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 Sorbitols Market Estimates & Forecasts, in Food, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 32 Sorbitols Market Estimates & Forecasts, in Pharmaceuticals, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 33 Sorbitols Market Estimates & Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 34 Sorbitols Market Revenue, by Region, 2022 & 2030, (USD Million)
- Fig. 35 North America Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Kilotons) (USD Million)
- Fig. 36 U.S. Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 37 Canada Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 38 Mexico Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 39 Europe Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 40 Germany Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 41 U.K. Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 42 France Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 43 Asia Pacific Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 44 China Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 45 India Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 46 Japan Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 47 Australia Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 48 Thailand Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 49 Central & South America Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 50 Brazil Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 51 Middle East & Africa Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 52 Saudi Arabia Sorbitols Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 53 Key Company Categorization
- Fig. 54 Company Market Positioning
- Fig. 55 Strategy mapping
