Sorbitol Market was valued at USD 1,732.5 million in 2022 and is poised to grow at a CAGR of 6.8% over 2023-2029. Sorbitol is a hexahydric sugar alcohol manufactured by the catalytic hydrogenation of sucrose. Sorbitol is largely utilized in food and beverage, pharmaceuticals, cosmetics, and personal care products as a sweetener, humectant, flavoring agent, and diuretic dehydrating agent. Sorbitol is also used as a laxative to treat occasional episodes of constipation. Unlike other polyols its moisture-stabilizing properties protect the product during storage, preventing drying and preserving its original freshness. Increasing health awareness among people owing to the increased prevalence of Diabetes is driving the market. According to WHO, about 422 million people worldwide have diabetes, and 1.5 million deaths every year can be directly linked to diabetes. Moreover, an ongoing study of the effect of sorbitol on aggregation and electronic properties of PEDOT: PSS to enhance the conductivity of organic solar cells or thermoelectric generators, has created a sea of opportunities for market expansion. Moreover, sorbitol is generally used as a sequestering agent, humectant, and dispersing agent in the textile industry. But the market decline is experienced as a result of price competition, the need to adhere to worldwide quality standards and laws, and the availability of substitutes. However, the increased demand from the food and beverage industry along with the pharmaceutical and cosmetic industry is anticipated to expand the market in forecasted years.
Sorbitol Market Key Developments:
Fastest Growing Market
The market is expected to rise as the demand in the pharmaceutical industry has increased owing to its use as a laxative. It also aids in the treatment of constipation issues as well as other related issues that make bowel movements painful and uncomfortable. As a genitourinary irrigant, sorbitol is also employed during transurethral surgical operations. It is also used as a diuretic, humectant, sweetener, and hyperosmotic laxative. It also aids sodium polystyrene sulfonate’s transit through the digestive system. Other than that, it is used as an excipient in pharmaceutical formulations as a tablet diluent particularly in chewable tablets, as a plasticizer for gelatin in a capsule formulation, and as a plasticizer in film formulations. Furthermore, it is also a crucial prerequisite in the synthesis of Vitamin C. It is also suggested that it acts as a nasal decongestant. For instance, In March 2023, Marinomed Biotech AG reported positive clinical findings for the sorbitol-containing carragelose decongestant nasal spray.
The sorbitol market valued at USD 1,732.5 Million in 2022 and is expected to grow at 6.8% CAGR over the forecast period 2023 – 2029.
Asia Pacific sorbitol market is accounted for the largest share.
American International Foods, Inc., ADM, Cargill Incorporated, DuPont, Gulshan Polyols Ltd., Merck KGaA, Archer Daniels Midland Company, Cargill, Incorporated., Ingredion Incorporated, Roquette Frères, Tereos Starch & Sweeteners, Pfizer Inc., Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frères, SPI Pharma, Tereos, Ingredion Incorporated and Kasyap Sweeteners, Ltd. are a few companies operating in the sorbitol market.
The sorbitol market is studied from 2018-2029.