Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Sorbitol Market: By Form, By Application, By End-User Industry and Geography
Sorbitol Market: By Form, By Application, By End-User Industry and Geography
Sorbitol Market size was valued at US$ 1,832.5 million in 2023 and is poised to grow at a CAGR of 6.8% from 2024-2030. 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.
Study Period
2024-2030Base Year
2023CAGR
6.80%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
Asia Pacific sorbitol market is dominating the market owing to the shifting lifestyle and the urbanization of developing nations has further boosted the need for the product, which is being increasingly adopted by end-users to meet consumer demand. North American market follows suit and also has one of the leading sorbitol markets globally with its CAGR expected to grow over the forecast period. The U.S. and Canada lead the market. The U.S. was the largest producer of medicine in 2022. The U.S. is the largest consumer of fast food globally further increasing the sorbitol market which is expected to flourish in the forecast years.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 1,832.5 million |
|
Market CAGR |
6.80% |
|
By Form |
|
|
By Application |
|
|
By End User |
|
|
By Region |
|
Download Free Sample Report
The global sorbitol market size was valued at US$ 1,832.5 million in 2023 and is projected to grow at a significant CAGR of 6.8% from 2024-2030.
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.
| 1.Executive Summary |
| 2.Global Sorbitol Market Introduction |
| 2.1.Global Sorbitol Market - Taxonomy |
| 2.2.Global Sorbitol Market - Definitions |
| 2.2.1.Form |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Sorbitol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Sorbitol Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Sorbitol Market By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Liquid |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Crystal |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Sorbitol Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Toothpaste and mouthwash |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Vitamin C supplement |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Diabetic food and beverage |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Surfactant |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Tobacco |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Sorbitol Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Cosmetic and personal care |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Food and Confectionary |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Pharmaceutical |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Chemical |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Sorbitol Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Sorbitol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Liquid |
| 9.1.2.Crystal |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Toothpaste and mouthwash |
| 9.2.2.Vitamin C supplement |
| 9.2.3.Diabetic food and beverage |
| 9.2.4.Surfactant |
| 9.2.5.Tobacco |
| 9.2.6.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Cosmetic and personal care |
| 9.3.2.Food and Confectionary |
| 9.3.3.Pharmaceutical |
| 9.3.4.Chemical |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Sorbitol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Liquid |
| 10.1.2.Crystal |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Toothpaste and mouthwash |
| 10.2.2.Vitamin C supplement |
| 10.2.3.Diabetic food and beverage |
| 10.2.4.Surfactant |
| 10.2.5.Tobacco |
| 10.2.6.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Cosmetic and personal care |
| 10.3.2.Food and Confectionary |
| 10.3.3.Pharmaceutical |
| 10.3.4.Chemical |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Sorbitol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Liquid |
| 11.1.2.Crystal |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Toothpaste and mouthwash |
| 11.2.2.Vitamin C supplement |
| 11.2.3.Diabetic food and beverage |
| 11.2.4.Surfactant |
| 11.2.5.Tobacco |
| 11.2.6.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Cosmetic and personal care |
| 11.3.2.Food and Confectionary |
| 11.3.3.Pharmaceutical |
| 11.3.4.Chemical |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Sorbitol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Liquid |
| 12.1.2.Crystal |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Toothpaste and mouthwash |
| 12.2.2.Vitamin C supplement |
| 12.2.3.Diabetic food and beverage |
| 12.2.4.Surfactant |
| 12.2.5.Tobacco |
| 12.2.6.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Cosmetic and personal care |
| 12.3.2.Food and Confectionary |
| 12.3.3.Pharmaceutical |
| 12.3.4.Chemical |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Sorbitol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Liquid |
| 13.1.2.Crystal |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Toothpaste and mouthwash |
| 13.2.2.Vitamin C supplement |
| 13.2.3.Diabetic food and beverage |
| 13.2.4.Surfactant |
| 13.2.5.Tobacco |
| 13.2.6.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Cosmetic and personal care |
| 13.3.2.Food and Confectionary |
| 13.3.3.Pharmaceutical |
| 13.3.4.Chemical |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.American International Foods, Inc. |
| 14.2.2.ADM |
| 14.2.3.Cargill Incorporated |
| 14.2.4.DuPont |
| 14.2.5.Gulshan Polyols Ltd. |
| 14.2.6.Merck KGaA |
| 14.2.7.Cargill, Incorporated |
| 14.2.8.Ingredion Incorporated |
| 14.2.9.Roquette Frères |
| 14.2.10.Tereos Starch & Sweeteners |
| 14.2.11.Pfizer Inc. |
| 14.2.12.Ecogreen Oleochemicals GmbH |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.