Sorbitol Market Forecast 2032: Key Drivers, Challenges, and Industry Trends
Sorbitol Market Overview:
The global sorbitol market is likely to touch USD 2.978631378 Billion at a 5.12% CAGR between 2024- 2032, as per the recent report by Market Research Future (MRFR). Sorbitol is produced commercially from glucose for use in packaged food and beverage products. It is mostly used as a bulking agent, flavoring agent, and sweetener. Sorbitol is available in both crystal and liquid form. Its different functions include it is used as a humectant, flavoring agent, bulking agent, sweetener, and others. Owing to its alluring features and key benefits, sorbitol has several applications, including chemicals, cosmetic and personal care, pharmaceuticals, food and beverage, and others.
Various factors are adding to the global Sorbitol Market Growth. Such factors, according to the new MRFR report, include the burgeoning need for ready to eat food, increase in diabetes patients across the globe that are opting for sugar substitutes, rising preference of consumers for low-calorie food, awareness about herbal ingredients, and increased health consciousness.
Key Players:
The global Sorbitol Market Companies report include Gulshan Polyols Ltd (India), Tereos (Belgium), Sigma-Aldrich Company (U.S.), Qinhuangdao Lihua Starch Company Ltd (China), Daisco (Japan), Merck Group (Germany), Ecogreen Oleochemicals Pte. Ltd (Singapore), Ingredion Inc. (U.S.), Archer Daniel Midland (U.S.), Tereos Starch & Sweeteners (France), Cargill Inc. (U.S.), Freres (France), and others.
Market Segmentation:
The MRFR report offers an inclusive segmental analysis of the global sorbitol market report based on end use, type, and function.
By form, the global sorbitol market is segmented into crystal form and liquid form. Of these, the liquid form will lead the market over the forecast period.
By function, the global sorbitol market is segmented into humectant, flavouring agent, bulking agent, sweetener, and others.
By end user, the global sorbitol market is segmented into chemicals, cosmetic and personal care, pharmaceuticals, food and beverage, and others. The others segment is again segmented into the plastic industry, packaging, and paper industry. Of these, the personal care segment will dominate the market over the forecast period.