December 03, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Sorbitol Market - By Product Type, By End User Industry, By Region, By Country (2016-2021)? (By Product Type? Liquid and Crystal, By End-User Industry - Cosmetic & Personal Care, Chemical, Food, Pharmaceutical, Others; By Region - North America, Europe, APAC, ROW; By Country? U.S., Canada, Mexico, U.K., Germany, France, India, China, Japan, Brazil, South Africa)’, the global sorbitol market is anticipated to grow with a CAGR of 3.9% during the period of 2016-2021.
Sorbitol is a type of sugar/sweetener alcohol obtained from corn syrup and also from berries and fruits like prunes, pear, apple etc. Growing prevalence of sugar-related diseases such as diabetes is fueling the demand for sugar-free food. This factor, coupled with extensive use of product as medicine ingredient, and its application across chemical and personal care industry are propelling the growth of sorbitol market. Furthermore, production of sorbitol using continuous process technology, replacements of glycerol, and production of sorbitol from cellulose are the emerging trends in the worldwide sorbitol market.
The study analyzes the competitive landscape of sorbitol market using Porter’s Five Force analysis, alongside the value chain analysis and prevailing regulatory landscape. It also offers a comprehensive insight about the market dynamics and outline the consumption and production patterns.
As per the study, sorbitol market is examined on the basis of product type, end-user application, and geographical landscape. Based on product type, the market is segmented as crystal and liquid. While considering the end-user spectrum, the market is fragmented as pharmaceutical, cosmetic & personal care, food, chemical, and others, wherein food industry segment dominates the sorbitol market presently and is anticipated to register a significant growth over the projected timeframe.
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Speaking of the geographical landscape, the global sorbitol market is divided into four main regions which are Asia Pacific, Europe, North America, and rest of the world. The report cites that Asia Pacific sorbitol market is slated to witness accelerated growth in the upcoming years, on account of growing population, increasing cosmetic & personal care industry and food industry, and high disposable incomes.
The prominent companies operating in sorbitol market include PI Pharma, Sigma Aldrich, Archer Daniels Midland, Ecogreen Oleochemical, Cargill Inc., Danisco, Gulshan Polyols Ltd., American International Foods Inc., Merck Millipore, and Roquette Corporate.
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