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Market Research Report

Global Sorbitol Market - 2020-2027

Published by DataM Intelligence Product code 1004505
Published Content info 180 Pages
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Global Sorbitol Market - 2020-2027
Published: May 10, 2021 Content info: 180 Pages
Description

Market Overview

Sorbitol is mainly derived from seaweed, corn, fruits, and berries, generally manufactured by the catalytic hydrogenation of sucrose. It is primarily used as humectant, sweetener, diuretic dehydrating agent and flavoring agent in food & beverage, cosmetics & personal care, and pharmaceuticals. Sorbitol is beneficial ingredient as it has a sugar substitute of low-calorie, and used in many products such as candy, gum, ice cream, baked goods, cosmetics, toothpaste, personal care, and pharmaceuticals.

The Sorbitol Market size was worth US$ XX billion in 2019 and further expected to reach US$ XX billion by 2027, with a CAGR of X% during the forecast period (2020-2027).

Market Dynamics

The global Sorbitol Market is expected grow during the forecast period due to the rising consumer preference for low-calorie food, increasing health problems due to consumption of sugar-based products, growing organic personal care market. The growing awareness among consumers regarding oral healthcare, which result in significance adoption of herbal ingredients, demand for herbal-based oral care products, augmenting the growth of the market. Sorbitol also has its application in aftershave lotions, baby shampoos and hair grooming aids, which is expected to fuel the demand of sorbitol in cosmetics & personal care products.

Rising consumer preference for low-calorie food

The emerged countries individuals are habituated to sedentary lifestyles and are well aware of the problems associated with it. with the harmful effects of such problems the consumers are keen towards the demand for low-caloric food and sweeteners, expected to drive growth of the market. As people need to reduce their calorie intake to maintain their healthy diets, they prefer low-calorie foods that further helps them to take a step ahead towards a healthy lifestyle. It contains fewer calories than regular sugar which provides energy to most health-conscious consumers mostly to prefer sorbitol as a sugar substitute. Sorbitol consumption is an easy way to reduce the calorie intake and stay healthy; fueling the demand for sorbitol in various applications, globally. Therefore, use of sorbitol instead of sugar in the sweetner products as well as rising consumer preference for low-calorie food is driving the demand for the sorbitol in the global market.

Rising Demand From Emerging Countries

The shift in consumer preference for convenience, driven largely by urbanization, a growing number of women in the workforce, and rising household incomes, among others, are driving the demand for artificial sweeteners, such as sorbitol, in emerging economies. Sorbitol is mainly used in the manufacture of Food & Beverage, baked goods, and chocolate, as a sweetener or moisture-stabilizing agent. The moisture-balancing action of sorbitol makes it a preferable choice for products that dry or harden faster, hence, it helps in maintaining freshness during storage in warehouse departments. Basically, sorbitol is used to change the taste of the product into sweetness and to attract the customer to purchase the product. Furthermore, rising collaborations among various companies is alos witnessing as a growth factor for sorbitol market. For instance, In April 2021, Evolva has signed a major collaboration with Cargill Inc. in order to commercialise its EverSweet stevia sweetener. Hence, rising demand for artificial sweetners in the product through the use of sorbitol as a basic and major content is driving the demand for the sorbitol market in emerging countries.

COVID-19 Impact Analysis

COVID-19affected the global economy in many forms, such as supply chain distraction, directly affecting demand and productionand financial impact. COVID-19 pandemic have moderately affected the sorbitol market due to the shutting down of factories, supply chain disruptions and stoppage of transportation facilities. Furthermore, market entry, sales & marketing department, product innovation have also affected due to lockdown, which have directly resulted into downfall in the sorbitol market as well as future business growth. Hence, It has moderately affected the market due to shutting down of manufacturing industries of food products during lockdown as well as transportation is also one of the major segment which got affected due to the covid pandemic.

Segment Analysis

Based on the Product Type, the Sorbitol Market has been classified as- Liquid/Syrup Sorbitol, Crystal/Powder Sorbitol.

Liquid/Syrup Sorbitol type is accounted for highest share in the market

On analyzing the sorbitol market on the basis of its type, its is analyzed that liquid sorbitol is growing at a highest rate as compare to solid sorbitol. Liquid sorbitol market witnessed the highest consumption and accounted for more % of the total demand. Furthermore, the growing demand for sugar content substitutes for growing awareness about low-calorie food intake is anticipated to witness high industrial growth for liquid sorbitol type in the near future of sorbitol market. Factors such as low manufacturing cost and simplified production process, technological advancements, ease of use make it more preferable over solid sorbitol type in the market.

Based on the Application, the Sorbitol Market has been classified as- Pharmaceutical,Food & Beverage, Cosmetics and Personal Care, and Others.

Food & Beverage segment is accounted for the highest share in the market

In current scenario, it is analyzed that food and beverage is that is the primary segment which helps to fuel the expansion of sorbitol in global level market. In food and beverage, sorbitol has higher demand thanks to its application as a flavoring agent and sweetener. It is used in the production of Food & Beverage, bakery products, diet food, ice creams, jellies, candies and in beverages such as diet drinks.Mainly, chewing gum is the highest growing segment in the confectionery application where sorbitol is used instead of sugar as a sweetner content. In addition, growing demand of diabetic patients as well as sugar-free products in developing countries are also resulting in rise in the demand of sorbitol as a substitute to sugar content.

Geographical Analysis

Based on geography, the study analyzes the Sorbitol Market in the global market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.

North-America is expected to hold the largest market share

North America holds the largest share in the sorbitol market. High demand for organic personal care products is expected to drive the industrial growth. Asia Pacific is anticipated to be the most comprehensive and fastest-growing regional sector during the forecast period. Factors such as lower production costs, rising demand for personal care products, and growing food and beverages and pharmaceutical sectors in China and India are anticipated to push the regional market development. Globally, sorbitol market is currently dominated by Tate and Lyle Plc., Cargilletc., altogether registered for accounting of approximately 47% of the market share globally. Strong brand loyalty for brands like Tate and Lyle and Cargill in the emerging economies is the key primary reason for these players enjoying a strong foothold in these markets.

Competitive Landscape

Sorbitol Market is highly competitive due to major key players such as Roquette Freres, Cargill Inc. (US), Ingredion Incorporated (US), Tereos Starch & Sweeteners (France), and Archer Daniels Midland (US). Entering into related industries and targeting new markets will enable the sorbitol manufacturers to beat the consequences of volatile economy, resulting in diversified business portfolio and increase in revenue. Other major producers of sorbitol are SPI Pharma Inc. (US), EcogreenOleochemicals Pte. Ltd. (Singapore), Merck Group. (Germany), Sukhjit Starch & Chemicals Ltd. (India), and Gulshan Polyols Ltd. (India).

ROQUETTE FRERES

Overview: Roquette Freres SA manufactures various different agricultural products. The Company offer vegetables such as potatoes, corn, wheat, peas into starch, cereal sugars, fibers, polyols, proteins, bioethanol, and derivatives. It serves customers worldwide. It has more than 8500 employees across all its locations in business operations such as Brazil, Canada, China, Finland, France, India, and Germany and so on. It also has 25+ industry sites at various different locations.

Product Portfolio:ROQUETTE FRERES offers various products under its various categories such pharma & nutraceuticals, cosmetics, food & nutrition, animal nutrition and Others.

Why Purchase the Report?

  • Visualize the sorbitol Market segmentation composition by type, application, and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the sorbitol Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of sorbitol market - level 4 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global sorbitol Market report would provide access to an approx. 48 market data table, 43 figures and 270pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Sorbitol Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Sorbitol Market - Market Definition and Overview

3. Sorbitol Market - Executive Summary

  • 3.1. Market Snippet by Product Type
  • 3.2. Market Snippet by Application
  • 3.3. Market Snippet by Region

4. Sorbitol Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising consumer preference for low-calorie food
      • 4.1.1.2. Increasing Demand from emerging countries
    • 4.1.2. Restraints
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Sorbitol Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Value Chain Analysis
  • 5.4. PEST Analysis
  • 5.5. Pricing Analysis
  • 5.6. Regulatory Analysis
  • 5.7. Reimbursement Analysis
  • 5.8. Unmet Needs
  • 5.9. Patent Trends

6. Sorbitol Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Sorbitol Market - By Product Type

  • 7.1. Introduction
  • 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type Segment
  • 7.3. Market Attractiveness Index, By Product Type Segment
    • 7.3.1. Liquid/Syrup Sorbitol*
      • 7.3.1.1. Introduction
      • 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 7.3.2. Crystal/Powder Sorbitol

8. Sorbitol Market - By Application

  • 8.1. Introduction
  • 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
  • 8.3. Market Attractiveness Index, By Application Segment
    • 8.3.1. Food & Beverage
      • 8.3.1.1. Introduction
      • 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 8.3.2. Pharmaceutical
    • 8.3.3. Cosmetics and Personal Care
    • 8.3.4. Others

9. Sorbitol Market - By Region

  • 9.1. Introduction
  • 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
  • 9.3. Market Attractiveness Index, By Region
  • 9.4. North America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 9.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.4.5.1. U.S.
      • 9.4.5.2. Canada
      • 9.4.5.3. Mexico
  • 9.5. Europe
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 9.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Solutions
    • 9.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.5.5.1. Germany
      • 9.5.5.2. U.K.
      • 9.5.5.3. France
      • 9.5.5.4. Italy
      • 9.5.5.5. Spain
      • 9.5.5.6. Rest of Europe
  • 9.6. South America
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 9.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.6.5.1. Brazil
      • 9.6.5.2. Argentina
      • 9.6.5.3. Rest of South America
  • 9.7. Asia Pacific
    • 9.7.1. Introduction
    • 9.7.2. Key Region-Specific Dynamics
    • 9.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 9.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.7.5.1. China
      • 9.7.5.2. India
      • 9.7.5.3. Japan
      • 9.7.5.4. Australia
      • 9.7.5.5. Rest of Asia Pacific
  • 9.8. Middle East and Africa
    • 9.8.1. Introduction
    • 9.8.2. Key Region-Specific Dynamics
    • 9.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 9.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

10. Sorbitol Market - Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Sorbitol Market- Company Profiles

  • 11.1. ROQUETTE FRERES
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. Cargill Inc.
  • 11.3. Ingredion Incorporated
  • 11.4. Tereos Starch & Sweeteners
  • 11.5. Archer Daniels Midland
  • 11.6. SPI Pharma Inc.
  • 11.7. EcogreenOleochemicals Pte. Ltd.
  • 11.8. Merck Group
  • 11.9. Sukhjit Starch & Chemicals Ltd.
  • 11.10. GULSHAN POLYOLS LTD.

LIST NOT EXHAUSTIVE

12. Sorbitol Market - Premium Insights

13. Sorbitol Market - MSG

  • 13.1. Appendix
  • 13.2. About Us and Product Type
  • 13.3. Contact Us
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