The global Sorbitol market size is expected to be worth around US$ 2.50 billion by 2030, according to a new report by Vision Research Reports.
The global Sorbitol market size was valued at US$ 1.50 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.
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The increasing awareness regarding the health and digestive benefits associated with the rising geriatric population, increasing demand for non-medical dietary supplements, and technological advancements in the processing of these products are driving the demand for sorbitol-based products, consequently aiding the growth of the market over the forecast period.
The market growth is expected to be fueled by the increasing demand for the product for use in the manufacturing of various food and beverages, such as fruit juice, candies, and chocolates. Moreover, vitamin C is synthesized using sorbitol as the product is one of the building blocks in the manufacturing process. Vitamin C is also used for the production of which is expected to grow at a high rate over the forecast period, resulting in the high growth of the market. The rise in the number of gym-goers, coupled with the increasing awareness regarding health and fitness, has positively affected the demand for nutritional drinks, thus has increased the demand for specialty ingredients across the world.
The liquid product segment dominated the market in 2020. It is used in the production of candy to increase its chewy texture and softness. Liquid sorbitol is also finding new applications in the tobacco market as it is added to chewing tobacco to enhance its flavor. The growing applications of liquid sorbitol are expected to be helpful in the growth of the segment over the forecast period. The crystal product segment is anticipated to witness significant growth from 2021 to 2028. Crystal sorbitol is used in numerous cosmetic products, such as moisturizers and face creams, in the form of humectant due to its resistance to bacteriological degradation and ability to retain moisture. The growing demand for cosmetic products is expected to impact the market growth positively over the forecast period.
The food end-use segment dominated the market in 2020. Sorbitol is majorly used as a sweetener and a low-calorie sugar substitute in the food and beverage industry. In addition to providing sweetness, sorbitol also acts as an excellent texturizing and anti-crystallization agent in the production of ice cream and bakery products. The growth of the food end-use segment is also attributed to rising product utilization in the production of diabetic food products. Efficiency in operation and product innovation are expected to drive the market. Fast-paced lifestyle and increased preference for convenience food are presumed to be some of the major drivers of the food processing sector, resulting in the growth in demand for sorbitol.
In terms of revenue, liquid led the market and accounted for more than 77.0% share in 2020. Liquid sorbitol is majorly used as a substitute for sugar in the pharmaceutical and food and beverage industries. The growing demand for low-calorie food caused by the growing number of health-conscious consumers as well as patients with obesity across the globe is expected to fuel the use of the product in these industries.
Crystal sorbitol is widely utilized as a food additive for producing frozen raw fish, shrimp ball, roasted fish fillet, dried squid thread, polydextrose (soluble dietary fiber), chewing gum, and mint tablets. It is also used in several other frozen aquatic products as well as sugar-free foodstuffs. The growing demand for application products, primarily in meat products and frozen foods, is expected to promote market growth over the forecast period.
Crystal-based product is also used as a humectant in various cosmetic products, such as moisturizers and face cream, owing to its capacity to resist bacteriological degradation and retain moisture. Other applications of crystal sorbitol include its use as a plasticizer in the production of capsule outer shell and as a filler and excipient in the production of pharmaceutical tablets. Thus, the growing demand for cosmetic products is anticipated to prove beneficial for sorbitol demand over the coming years.
Diabetic and dietetic food and beverage led the market and accounted for more than 35.0% share of the global revenue in 2020. The increasing global consumption of functional foods as well as economies of scale has resulted in low manufacturing costs for the major manufacturers while creating new opportunities for the growth of sorbitol in the future. However, a gradual increase in the demand for sweeteners, such as maltitol and xylitol, is expected to pose a threat to the market as they can be substituted with sorbitol.
Sorbitol finds application in surfactants as detergents, dispersants, emulsifiers, and wetting and foaming agents. Biobased surfactants are witnessing increased utilization in the food processing industry. The surfactant acts as a stabilizing agent for a variety of food products, such as bread, ice cream, and cakes. Additionally, the surfactants help in maintaining the viscosity and the texture of the food products and extending shelf life. As a result, the growth of the food processing industry is expected to drive the demand for biobased surfactant products over the forecast period.
The vitamin C application segment is expected to expand at the highest growth rate over the forecast period. Vitamin C is mainly synthesized using two manufacturing processes, namely the Reichstein Grussner process and the two-step fermentation process. Both the production processes use sorbitol as a primary starting material for the production of ascorbic acid (Vitamin C). The two-step fermentation process is primarily used by Chinese manufacturers owing to its lower cost.
The food segment led the market and accounted for more than 35.0% share of the global revenue in 2020. Sorbitol is generally added to food items to induce sweetness and replace the need for refined sugar. In addition to providing sweetness, sorbitol also acts as an excellent texturizing and anti-crystallization agent in the production of ice cream and bakery products. It is widely used to increase shelf life and maintain the freshness and color of various confectionery and bakery products. Furthermore, it finds application in the production of canned fruit. The food segment is expected to dominate the market over the forecast period, tracing the growth of the food and beverages industry, as applications for the product are expanding in the industry.
Rising awareness regarding dietary supplements owing to their nutritional benefits is expected to have a positive impact on the market growth in the near future. In addition, rising concern over low calorie and sugar-free products on account of the increasing prevalence of diabetes in the world is expected to be a favorable factor for the growth of the market in the near future.
Sorbitol has emerged as one of the key building blocks for the production of bio-based ethylene glycol and propylene glycol. For instance, Archer Daniels Midlands Company in partnership with Pacific Northwest National Laboratory (PNNL) began the commercial production of biobased propylene glycol (PG) from sorbitol and glycerol at its Illinois, U.S.-based manufacturing facility.
This biobased PG has the same chemical make-up as the petroleum-based PG with a considerably greener manufacturing process. The extensive use of sorbitol in chemical applications is expected to propel the growth of the chemical application segment with a rate of 6.6% over the forecast period.
Asia Pacific dominated the market and accounted for more than 55.0% share of the global revenue in 2020. Increasing health-conscious consumers, coupled with a rise in the number of consumer markets growing at a high pace, is driving the market for sorbitol in the region as it is used widely in various applications, including , baked goods, and confectionery.
The changing lifestyles of the general public and urbanization in developing countries have further fueled the demand for the product as the end-users are increasingly adopting the product to fulfill the demand of the consumers. Sorbitol is extensively being used for non-food applications in Asia Pacific, for instance, Japan has been a major importer of the product for the oral care industry.
- American International Foods, Inc.
- Cargill Incorporated
- Gulshan Polyols Ltd.
- Merck KGaA
- Ecogreen Oleochemicals GmbH
- Qinhuangdao Lihua Starch Co., Ltd.
- Roquette Frères
- SPI Pharma
- Ingredion Incorporated
- Kasyap Sweeteners, Ltd.
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Oral Care
- Vitamin C
- Diabetic & Dietetic Food & Beverage
- End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Personal Care
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America (CSA)
- Middle East & Africa (MEA)
- Saudi Arabia
- North America
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