According to a new market research 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’, the global sorbitol market is expected to register a CAGR of 3.4% from 2023 to 2030 to reach $2.39 billion by 2030.

Sorbitol is a type of carbohydrate, also called sugar alcohol, which occurs naturally in fruits and vegetables. Over the past several decades, the worldwide prevalence of diabetes and obesity has subsequently increased. Obesity is a major cause of chronic diseases, including cardiovascular disease, hypertension, type 2 diabetes, certain cancers, and other health conditions. The growing preference to live a healthy lifestyle without compromising the taste and quality of food has increased the demand for sorbitol as a sugar replacer in various consumable applications. Sorbitol provides fewer calories per gram than sugar; they are non-cariogenic and prevent high blood glucose levels. Growing expenditure on natural and healthy products, rising prevalence of various chronic diseases, increasing health consciousness, growing awareness of personal care & hygiene, and rapid urbanization fuel the demand for sorbitol for various applications.

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The global sorbitol is segmented based on form, function, application, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Based on form, the global sorbitol market is mainly segmented into syrup/liquid and powdered/crystal. The liquid segment is expected to account for the largest share of the overall sorbitol market in 2023. The leading position of this segment is mainly attributed to factors such as ease of use, better handling and transport, and a wide range of applications. This segment is also expected to register the highest CAGR during the forecast period due to its exceptional functional properties, such as excellent flow properties and uniform mixing concentration, which help maintain the constant weight of pharmaceutical and cosmetic products.
Based on function, the global sorbitol market is mainly segmented into sweeteners, humectants, bulking agents, flavoring agents, and other functions. The sweetener segment is expected to account for the largest share of the global sorbitol market in 2023. The large market share of this segment is attributed to an inclination toward low-calorie products, high demand for convenience and processed foods, and increased preference for natural products. This segment is also expected to register the highest CAGR during the forecast period. The rapid growth of this market is mainly attributed to the increasing demand for sugar replacers.

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Based on application, the global sorbitol market is mainly segmented into personal care, food & beverage, pharmaceuticals, and other applications. The personal care segment is expected to account for the largest share of the overall sorbitol market in 2023. The demand for sorbitol in the personal care industry is primarily driven by its excellent functionalities, such as humectant, thickener, and flavoring agent; increased use of organic cosmetic products; and high demand for skincare products. This segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to increasing expenditure on personal care, the rising consciousness of consumers about their appearance, and increasing demand for innovative products.

Geographically, Asia-Pacific is expected to account for the largest share of the global sorbitol market in 2023. The large share of this region is primarily attributed to the high availability of raw materials, increased health-conscious consumers, and evolving food & beverage sector. This region is also slated to register the fastest growth during the forecast period. The rapid growth of this region is mainly attributed to the rising investments in the cosmetic & personal care sector and rising purchasing power parity.

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Some of 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).

Scope of the report
Sorbitol Market, by Form
• Syrup/Liquid
• Powdered/Crystal
Sorbitol Market, by Function
• Sweeteners
• Humectants
• Bulking Agents
• Flavoring Agents
• Other Functions
Sorbitol Market, by Application
• Food & Beverage
• Personal Care
• Pharmaceuticals
• Other Applications
Sorbitol Market, by Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/sorbitol-market-3019

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