Sorbitol Market Expected to Reach 2.9 Million Tons by 2028

IMARC Group, a leading market research company, has recently released a report titled “Sorbitol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sorbitol market share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Sorbitol, also called glucitol, represents a white and odorless crystalline powder with the sweetness of sucrose. It is usually found in nature with relatively high concentrations in peaches, plums, pears, apples, apricots, etc. Sorbitol is a non-flammable and non-corrosive polyol and non-volatile, which is chemically inert and compatible with excipients. It is generally produced commercially by electrolytic reduction of glucose and corn syrup. Sorbitol exhibits chemical and physical characteristics. Consequently, it is extensively utilized in the manufacturing of cosmetics, confectionaries, sweets, frozen desserts, biscuits, ascorbic acid, industrial surfactants, toothpaste, toiletries, pharmaceuticals and healthcare products, etc.

How big is the sorbitol market?

The global sorbitol market size reached 2.7 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.9 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.1% during 2023-2028.

Current Trends Shaping the Sorbitol Market

The escalating demand for artificial sweeteners in the production of diabetic food products is primarily driving the sorbitol market. Additionally, the widespread adoption of low-calorie processed food products and beverages, on account of the increasing occurrence of diabetes among individuals and the growing consumer health consciousness, is further catalyzing the market growth.

Besides this, the rising utilization of sorbitol as a sweetener, additive, and thickening agent in the preparation of numerous food products and beverages, including jam, jellies, ice cream, candies, smoothies, cookies, bread, cake, pizza, chocolate, shakes, biscuits, etc., is acting as another significant growth-inducing factor. Moreover, the inflating need for prescription drugs, on account of the elevating prevalence of medical conditions, is also propelling the market growth. Apart from this, sorbitol is utilized as an excipient and diluent in tablet formulations, which is positively influencing the global market. Furthermore, extensive investments in the food and beverage (F&B) sector are anticipated to fuel the sorbitol market over the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Liquid
• Powder

Breakup by Application:

• Cosmetics and Toiletries
• Food and Beverage
• Pharmaceuticals
• Toothpaste
• Industrial Surfactants
• Others

Breakup by Feedstock:

• Corn
• Wheat
• Cassava
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete with each other in terms of prices and quality.

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