June 14, 2024
Sorbitol Market

Sorbitol Market is Estimated to Witness High Growth Owing to Increasing Demand from Food and Beverage Industry

The global sorbitol market is estimated to be valued at US$ 1.89 Billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.

Sorbitol is a sugar alcohol that is typically used as a sweetener and humectant in various food products and pharmaceutical formulations. It adds texture, moisture and bulk to products while having around 60% fewer calories than sugar and being non-cariogenic. Sorbitol is commonly used in low-calorie, sugar-free foods, beverages, gums, desserts and candies and provides similar texture to sugar. It is also used in oral care products and laxatives due to its osmotic and hydrating properties. With the rising demand for reduced-sugar and gluten-free products, demand for sorbitol has increased rapidly in past decade. The global sorbitol market is expected to witness strong growth with rising health consciousness among consumers and growth in diabetic and weight management food industry.

Key Takeaways

Key players operating in the Sorbitol Market Demand are American International Foods, Inc., ADM, Cargill Incorporated, DuPont, Gulshan Polyols Ltd., Merck KGaA, Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frères, SPI Pharma, Tereos, Ingredion Incorporated, Kasyap Sweeteners, Ltd., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica.

Growing demand for reduced-calorie, sugar-free products from health-conscious consumers is fueling the growth of global sorbitol market. Sorbitol finds wide application in various low sugar foods such as bakery, candies, jams, jellies and syrups. Growing incidences of obesity and diabetes across the world has propelled demand for low sugar food ingredients including sorbitol.

Major players in the sorbitol market have undertaken various strategic initiatives such as facility expansion, acquisitions and new product launches to strengthen their global presence. Many companies are expanding sorbitol production facilities in Asia Pacific and Latin America to leverage rising demand. Companies are also focusing on glucose and gluten-free variants of sorbitol to capitalize on growing health trends.

Market Key Trends

Increasing applications of sorbitol in oral care products is one of the key trends in the market. Sorbitol is commonly used as a humectant in toothpastes, mouthwashes and dental gels due to its moisture retaining properties. It provides creamy textures and helps prevent tooth demineralization. Rising expenditure on oral healthcare across world has significantly driven the demand for sorbitol in this application segment. Furthermore, growth in pharmaceutical excipient industry has tremendously fueled the consumption of sorbitol. Sorbitol is widely used as a tablet diluent, sweetener and flavoring agent in various pharmaceutical formulations. Expanding drug market and patent cliff of blockbuster drugs has consequentially increased sorbitol demand from pharma industry.

Porter’s Analysis

Threat of new entrants: Low capital requirements and technically know-how pose moderate threat of new entrants entering sorbitol market. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives like fructose, glycerol. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw materials like glucose and sorbose. Threat of new substitutes: Demand could lessen due to new artificial sweetener substitutes entering market. Competitive rivalry: High competitive rivalry owing to global presence of large players in sorbitol market.

Geographical regions where market is concentrated: Asia Pacific region accounts for largest market share in sorbitol market in terms of value currently. China is the leading producer and exporter of sorbitol globally. North America and Europe also hold significant market share in sorbitol market.

Fastest growing region: Asia Pacific region is expected to be the fastest growing region in sorbitol market during forecast period 2024-2031. Increasing population, income levels and health awareness is driving more consumption of low calorie food and beverages requiring sorbitol as sweetener in countries like China and India. Developing end use industries of personal care and pharmaceuticals will also boost sorbitol demand growth in Asia Pacific region.

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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile i