Sorbitol

Sorbitol Market Worth $2.39 billion by 2030

Global Sorbitol Market - 20232030 Meticulous Research , a globally recognized market research firm, has published an insightful report titled, Sorbitol Market Size by Form (Powder, Liquid), by Function (Sweetener, Humectant, Bulking Agent, Flavoring Agent), by Application (Food & Beverage, Pharmaceuticals, Personal Care) - Global Forecast to 2030 . Download Sample Report Here: https://www.meticulousresearch.com/download- sample-report/cp_id=3019 According to the latest findings from Meticulous Research , the global sorbitol market is poised to experience a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030, eventually reaching a market value of $2.39 billion by the end of the forecast period. The driving forces behind this market growth include an increasing consumer demand for low-calorie and health- conscious food products, the rising incidence of health issues related to sugar consumption, expanding applications in the pharmaceutical industry, and the burgeoning personal care and cosmetics sector. Furthermore, emerging markets offer substantial opportunities for sorbitol manufacturers to expand their reach. Despite these favorable conditions, the market faces certain challenges, such as adverse effects associated with excessive sorbitol consumption and stringent regulatory requirements that can hinder market growth. The global sorbitol market is categorized based on form, function, application, and geographic region. The report also provides an in-depth analysis of industry competitors and evaluates market performance at the country level. In terms of form, the global sorbitol market is primarily divided into syrup/liquid and powder/crystal segments. The liquid segment is expected to dominate the market in 2023, attributed to its ease of use, better handling and transport capabilities, and a wide range of applications. This segment is also projected to achieve the highest CAGR during the forecast period due to its outstanding functional properties, including excellent flow properties and uniform mixing concentration, which contribute to the consistent weight maintenance of pharmaceutical and cosmetic products. Regarding function, the global sorbitol market is segmented into sweeteners, humectants, bulking agents, flavoring agents, and other functions. The sweetener segment is anticipated to capture the largest market share in 2023. This dominance is driven by the increasing preference for low- calorie products, high demand for convenience and processed foods, and a growing inclination towards natural products. Moreover, this segment is projected to register the highest CAGR over the forecast period. Concerning application, the global sorbitol market is segmented into personal care, food and beverage, pharmaceuticals, and other applications. The personal care segment is expected to hold the largest share of the market in 2023. The demand for sorbitol in the personal care industry is driven by its multifunctional properties, such as its role as a humectant, thickener, and flavoring agent. The increasing use of organic cosmetic products and the high demand for skincare products further contribute to this segment's growth. The personal care segment is also projected to achieve the highest CAGR during the forecast period, fueled by rising consumer spending on personal care products, heightened consumer consciousness regarding appearance, and a growing demand for innovative skincare solutions. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Global Sorbitol Market - 20232030 Geographic Review Geographically, the Asia-Pacific region is anticipated to lead the global sorbitol market in 2023, holding the largest market share. The significant share of this region is attributed to the high availability of raw materials, a growing population of health-conscious consumers, and an evolving food and beverage sector. Additionally, the Asia-Pacific region is expected to register the fastest growth during the forecast period, driven by increased investments in the personal care sector and rising purchasing power parity. Key Players The key players operating in the global sorbitol market are Roquette Fr res S.A. (France), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), SPI Pharma, Inc. (U.S.), Sayaji Industries Limited (India), Gulshan Polyols Limited (India), ECOGREEN OLEOCHEMICALS (SINGAPORE) PTE LTD (Singapore), Merck Group (Germany), The Sukhjit Starch & Chemicals Ltd (India), B Food Science Co. Ltd (Japan), and Mitsubishi Corporation (Japan). Key questions answered in the report- Which are the high-growth market segments in terms of form, function, application, and geography? What is the historical market of sorbitol across the globe? What are the market forecasts and estimates for 2023 2030? What are the major drivers, restraints, challenges, opportunities, and trends in the global sorbitol market? Who are the major players in the global market, and what market share do they hold? Who are the major players in various countries, and what market share do they hold? How is the competitive landscape? What are the recent developments in the global sorbitol market? What are the different strategies adopted by the major players in the market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the global sorbitol market, and how do they compete with the other players? Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com