Global Sorbitol Industry Report: Analysis and Forecast 2022-2027

Global Sorbitol Industry Report: Analysis and Forecast 2022-2027

Sorbitol Industry by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global sorbitol market reached a volume of about USD 2.53 MMT in 2021. The industry is projected to grow at a CAGR of around 5.0% in the forecast period of 2022-2027 to reach a volume of about 2.73 MMT by 2027. The global sorbitol industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. Sorbitol is applied in various product manufacturing with primarily being used as a sweetener in pharmaceutical formulations and food and beverages. The rise in the demand for diabetic and dietetic food and drinks in the food and beverage segment is the major driver that is increasing the industry's demand. The key demand indicator in the industry report is the highest category spender by region— Asia Pacific.

Sorbitol: Industry Definition and Segmentation

Scope

Sorbitol, also known as glucitol, is an alcohol that is used as a sweetener in pharmaceutical formulations as well as an excipient, humectant (a chemical that keeps another material moist), and tablet stabiliser. It has a nice taste that takes a long time to break down in the human body. It's created by reducing glucose to convert the converted aldehyde group (CHO) to a primary alcohol group (CH2OH). Potato starch is the most prevalent source of sorbitol, but it can also be found in nature in apples, pears, peaches, and prunes.

As a sweetener, humectant, flavouring agent, and diuretic dehydrating agent, sorbitol is widely utilised in food and beverage, medications, cosmetics, and personal care items. It's a low-calorie sugar substitute found in candy, gum, ice cream, baked goods, cosmetics, toothpaste, personal care products, and pharmaceuticals, among other things.

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The Sorbitol report comprises segments:

• By form - liquid, powder, and others
• By application - pharmaceuticals toothpaste, food and beverages, cosmetics and toiletries, industrial surfactants, among others
• By region - North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Snapshot of the Report

The regional markets for the industry can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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Category Drivers

With the rising frequency of health disorders such as diabetes in middle and low-income nations, health-conscious customers have boosted their demand for sorbitol. Sorbitol is utilised as a low-calorie sugar alternative, and demand for it has increased. It is used as a humectant, moisture-stabilizer, and texturiser, sorbitol is widely utilised in confectionery, baked products, and chocolates, opening new market prospects for manufacturers in a variety of industries. Thus, sorbitol is predicted to have a strong demand during the forecast period due to its wide range of applications.

Sorbitol is also used as a feedstock in the production of propylene glycol, which has a wide range of applications including unsaturated polyester resins, functional fluids, food and feed, cosmetics, and more. As a result, it's frequently employed in industries like pharmaceuticals, chemicals, cosmetics, food, beverages, polymers, and others.

Category Insight by Region

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the key regions in the worldwide Sorbitol market, with the Asia Pacific contributing the greatest market share. The annual consumption of India is estimated to be around 90000 tonnes. Sorbitol is only produced in India as a 70% solution, with a capacity of around 125900 tonnes per year. Global demand (including liquid and crystalline) is over 1.6 million tonnes per year, with an annual growth rate of around 3%.

Other factors driving the industry include increased urbanisation, an increase in the number of working women, rising disposable incomes, and shifting consumer patterns. Furthermore, the tendency of relocating manufacturing capacity to the Asia Pacific because to lower labour and production costs has resulted in lower sorbitol costs, resulting in rising demand for non-food applications.

Best Procurement Practices

The global sorbitol industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of sorbitol products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Sorbitol is made by hydrogenating an aqueous glucose solution in batches to produce the sugar alcohol sorbitol. Sorbitol is manufactured from various ingredients, including starch hydrolysates, dextrose syrup, and dextrose monohydrate. With this reliable method, Air Liquide Engineering & Construction may produce technical, culinary, or medicinal grade sorbitol. Glucose from wet milling facilities is used as a feedstock for sorbitol production. A nickel or ruthenium catalyst is utilised to hydrogenate the glucose solution in a batch reactor. After the reaction, which occurs at a temperature of 110 °Celsius and a pressure of 40 bar, the catalyst is recovered by filtering the resultant slurry. The crude sorbitol solution is purified and evaporated to the desired concentration using ion exchange. Clients that want to create sorbitol powder can use melt crystallisation. The technique produces sorbitol of technical, food, or medicinal quality, which is one of its advantages.

Key Supplier Profiles included in the Sorbitol Industry Report

The key market players are American International Foods, Archer Daniels Midland (ADM), Cargill, Danisco, GulshanPolyols Ltd., Ingredion Incorporated, Jeecon Foods Pvt. Ltd., Merck, Roquette, SPI Pharma, Inc., Sorini and TereosSyral

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

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