Meticulous Research® has unveiled a new 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’.

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This report predicts that the global sorbitol market will grow at a CAGR of 3.4% from 2023 to 2030, reaching a market value of $2.39 billion by the end of the forecast period. Key drivers of this growth include the increasing consumer preference for low-calorie and health-conscious food products, the rising prevalence of health issues associated with sugar consumption, and the expanding use of sorbitol in pharmaceuticals and personal care products. Additionally, emerging markets present substantial opportunities for sorbitol manufacturers. Nevertheless, challenges such as potential side effects from excessive sorbitol intake and stringent regulatory requirements may impact market growth.

The report segments the global sorbitol market by form, function, application, and region, and provides a thorough analysis of the competitive landscape at the country level.

Form Analysis: The market is categorized into liquid (syrup) and powder (crystal) forms. The liquid segment is expected to lead in 2023 due to its ease of use, better handling, and wide application range. It is also forecasted to experience the highest CAGR due to its superior functional properties, such as excellent flow and uniform mixing, which are essential for consistent product weight in pharmaceuticals and cosmetics.

Function Analysis: The market is divided into sweeteners, humectants, bulking agents, flavoring agents, and other functions. The sweetener segment is anticipated to dominate in 2023, driven by the rising demand for low-calorie and natural products. This segment is also expected to register the highest CAGR during the forecast period.

Application Analysis: The market is segmented into personal care, food and beverage, pharmaceuticals, and other applications. The personal care segment is projected to hold the largest share in 2023, owing to sorbitol’s multifunctional uses in humectants, thickeners, and flavoring agents, along with increased use of organic and innovative skincare products. This segment is expected to achieve the highest CAGR during the forecast period.

Geographic Review: Asia-Pacific is expected to lead the global sorbitol market in 2023, attributed to the abundant raw materials, a growing health-conscious population, and an evolving food and beverage sector. The region is also anticipated to experience the fastest growth during the forecast period, supported by rising investments in personal care and increased consumer purchasing power.

Key Players

The key players operating in the global sorbitol market are Roquette Frères 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?
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