Dublin, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The "Sorbitol Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid Sorbitol, Powder Sorbitol); By End-Use (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals, Others); By Region); Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global sorbitol market size is expected to reach USD 2.49 billion by 2028 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is projected to witness growth over the forecast period owing to increasing demand for convenience food, growing concerns regarding health and wellness, and rising application in personal care and cosmetics products. The demand for this industry has also increased on account of growing disposable income of consumers, increasing health concerns, and rising awareness regarding nutrition and fitness. However, the global industry has been impacted by the COVID-19 outbreak due to disruption in supply chain, lockdown, halting of manufacturing activities, and limited availability of raw material and labor.
The demand for liquid sorbitol is expected to be high during the forecast period. The growth in the convenience food industry is expected to drive the market in this segment during the forecast period. Liquid sorbitol is used in food products for improved stability, mouthfeel, and increased shelf life. Growing use as an emulsifier, coupled with increasing demand from the cosmetics sector, are factors expected to provide numerous growth opportunities in the coming years.
The end-user industries include food & beverage, cosmetics & personal care, pharmaceuticals, and others. The food and beverage industry uses this ingredient in various products such as dairy, baked goods, and confectionery. Increasing health concerns among adults as well as kids drive the growth of this segment. The demand for sorbitol from the personal care and cosmetics segment has increased over the years. Increasing consciousness towards physical appearance and fitness coupled with hectic lifestyle has increased the demand for in personal care and cosmetics segment.
Asia-Pacific is expected to exhibit significant growth during the forecast period. Rising disposable incomes, population growth, growing use in food products such as dairy and confectionery drives the industry growth in the region. The population in the region is gradually moving from traditional food groupsto a range of healthier food options and is willing to spend more on food products offering high nutritional value.
Some of the major market participants include Kasyap Sweetners Ltd., ADM,Associated British Foods Plc, Cargill Incorporation, Ecogreen Oleochemicals, American International Foods Inc., Ingredion Incorporated, MOSSELMAN, Roquette Freres, Gujarat Ambuja Exports Ltd., SPI Pharma Inc., Sukhjit Starch & Chemicals Ltd., Tereos SCA, The Archer-Daniels-Midland Company.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Sorbitol Market Insights
4.1. Sorbitol Market - Industry snapshot
4.2. Sorbitol Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising Consumer Preference for Low-Calorie Food
4.2.1.2. Increasing Health Problems Due to Consumption of Sugar-Based Products
4.2.1.3. Growing Organic Personal Care Market is Expected to Fuel the Demand of Sorbitol in Cosmetics & Personal Care Products
4.2.2. Restraints and Challenges
4.2.2.1. Adherence to International Quality Standards and Regulations
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Sorbitol Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Sorbitol Market, by Form
5.1. Key Findings
5.2. Introduction
5.2.1. Global Sorbitol Market, by Form, 2016 - 2028 (USD Billion)
5.3. Liquid Sorbitol
5.3.1. Global Liquid Sorbitol Market, by Region, 2016 - 2028 (USD Billion)
5.4. Powder Sorbitol
5.4.1. Global Powder Sorbitol Market, by Region, 2016 - 2028 (USD Billion)
6. Global Sorbitol Market, by End-Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Sorbitol Market, by End-Use, 2016 - 2028 (USD Billion)
6.3. Food & Beverage
6.3.1. Global Sorbitol Market, by Food & Beverage, by Region, 2016 - 2028 (USD Billion)
6.4. Cosmetics & Personal Care
6.4.1. Global Sorbitol Market, by Cosmetics & Personal Care, by Region, 2016 - 2028 (USD Billion)
6.5. Pharmaceuticals
6.5.1. Global Sorbitol Market, by Pharmaceuticals, by Region, 2016 - 2028 (USD Billion)
6.6. Others
6.6.1. Global Sorbitol Market, by Others, by Region, 2016 - 2028 (USD Billion)
7. Sorbitol Market Assessment by Geography
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. ADM
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. End-Use Benchmarking
9.1.4. Recent Development
9.2. American International Foods Inc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. End-Use Benchmarking
9.2.4. Recent Development
9.3. Associated British Foods Plc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. End-Use Benchmarking
9.3.4. Recent Development
9.4. Cargill Incorporation
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. End-Use Benchmarking
9.4.4. Recent Development
9.5. Ecogreen Oleochemicals
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. End-Use Benchmarking
9.5.4. Recent Development
9.6. Gujarat Ambuja Exports Ltd.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. End-Use Benchmarking
9.6.4. Recent Development
9.7. Gulshan Polyols Ltd
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. End-Use Benchmarking
9.7.4. Recent Development
9.8. Ingredion Incorporated
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. End-Use Benchmarking
9.8.4. Recent Development
9.9. Kasyap Sweetners Ltd
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. End-Use Benchmarking
9.9.4. Recent Development
9.10. MOSSELMAN
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. End-Use Benchmarking
9.10.4. Recent Development
9.11. Roquette Freres
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. End-Use Benchmarking
9.11.4. Recent Development
9.12. SPI Pharma Inc.
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Service Benchmarking
9.12.4. Recent Development
9.13. Sukhjit Starch & Chemicals Ltd
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Service Benchmarking
9.13.4. Recent Development
9.14. Tereos SCA
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Service Benchmarking
9.14.4. Recent Development
9.15. The Archer-Daniels-Midland Company
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Service Benchmarking
9.15.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/nsp8o9
