Meticulous Research® has released a detailed 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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The report forecasts a growth rate of 3.4% CAGR for the global sorbitol market from 2023 to 2030, with the market projected to reach $2.39 billion by 2030. This growth is attributed to increased consumer demand for low-calorie and health-oriented products, health concerns related to sugar consumption, expanding applications in the pharmaceutical sector, and the burgeoning personal care and cosmetics industries. Emerging markets also present significant opportunities for expansion. However, the market faces challenges, including potential side effects from excessive sorbitol consumption and rigorous regulatory standards that could limit growth.

The market is segmented by form, function, application, and geography, with an in-depth competitive analysis provided at the country level.

Form Segmentation: The market is divided into liquid and powder forms. The liquid segment is anticipated to dominate in 2023 due to its ease of use, handling advantages, and versatile applications. It is also expected to register the highest CAGR during the forecast period, owing to its functional properties such as excellent flow and consistent mixing.

Function Segmentation: Sorbitol is categorized into sweeteners, humectants, bulking agents, flavoring agents, and other functions. The sweetener segment is projected to capture the largest market share in 2023, driven by the increasing preference for low-calorie and natural products. It is also forecasted to experience the highest CAGR during the forecast period.

Application Segmentation: The market is segmented into personal care, food and beverage, pharmaceuticals, and other uses. The personal care segment is expected to lead in 2023 due to high demand for sorbitol’s multifunctional properties, such as in humectants and thickeners, and the rising use of organic and innovative skincare products. This segment is also set to achieve the highest CAGR during the forecast period.
Geographic Insights: Asia-Pacific is projected to hold the largest share of the global sorbitol market in 2023. This is due to the region’s abundance of raw materials, a growing health-conscious consumer base, and an evolving food and beverage sector. Asia-Pacific is also expected to exhibit the fastest growth during the forecast period, driven by increased personal care investments and rising 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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