The Global Sorbitol Market is expected to reach USD 3.99
billion by 2020, according to a new study by Grand View Research, Inc. Sorbitol
is a preferred substitute for sugar in food and beverages owing to lower
caloric values and natural sweetening properties. Additionally, increasing
health awareness among consumers worldwide is expected to fuel market demand
over the forecast period.
Cosmetic and personal care was
the largest end use application segment, accounting for over 600 kilo tons of
sorbitol demand in 2013. Stabilizing, softening and surface active properties
of sorbitol are the key reasons for growing use in the above applications.
Sorbitol is also used as a preservative and low calorie sweetener in foods and
accounted for over 537.9 kilo tons of sorbitol demand in 2013.
Browse full research report on Sorbitol Market: http://www.grandviewresearch.com/industry-analysis/sorbitol-market
Further key findings from
the study suggest:
- Global sorbitol demand was 1,829.6 kilo tons in 2013
and is expected to reach 2,337.2 kilo tons by 2020 growing at a CAGR of
3.6% from 2014 to 2020.
- Liquid sorbitol is the largest used product,
accounting for 1,524.7 kilo tons of demand in 2013, mainly due to
simplified production process and low cost in comparison to crystal
sorbitol.
- Toothpaste is the fastest growing application
segment, at an estimated CAGR of 4.0% from 2014 to 2020 mainly due to
sorbitol properties that prevent cavities and tooth decay.
- Asia Pacific was the largest regional market for
sorbitol with revenue USD 656.9 million in 2013. China being the largest
producer of Vitamin C, a key application of sorbitol, has resulted in
highest demand in the region. In addition, the region is also expected to
witness fastest growth, at an estimated CAGR of 4.1% from 2014 to 2020.
- Cosmetic and personal care along with chemical
applications are expected to witness fastest growth at an estimated CAGR
of 3.8% from 2014 to 2020.
- Key Companies in the market include Roquette Freres,
Cargill and Archer Daniels Midland which together accounted for a market
share of over 70% in 2013. Other companies include Sorini, Gulshan
Polylols Ltd, SPI Pharma, Merck, Danisco and Sigma-Aldrich.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
For the purpose of this study, Grand View Research has
segmented the global sorbitol market on the basis of product, application, end
use application and region:
• Sorbitol Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
• Liquid/Syrup sorbitol
• Crystal/Powder sorbitol
• Sorbitol Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Toothpaste
• Vitamin C
• Diabetic and Dietetic Food and Beverage
• Surfactants
• Others
• Sorbitol End Use Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Cosmetic and Personal Care
• Chemical
• Food
• Pharmaceutical
• Others
• Sorbitol Downstream Opportunities Outlook
• Ethylene Glycol
• Propylene Glycol
• Glycerol
• Isosorbide
• Sorbitol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
• Liquid/Syrup sorbitol
• Crystal/Powder sorbitol
• Sorbitol Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Toothpaste
• Vitamin C
• Diabetic and Dietetic Food and Beverage
• Surfactants
• Others
• Sorbitol End Use Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Cosmetic and Personal Care
• Chemical
• Food
• Pharmaceutical
• Others
• Sorbitol Downstream Opportunities Outlook
• Ethylene Glycol
• Propylene Glycol
• Glycerol
• Isosorbide
• Sorbitol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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