The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Sorbitol Global Market Report 2024, the sorbitol market is expected to show significant growth in the forecast period.

Market Overview

The sorbitol market has experienced robust growth in recent years. From a market size of $1.71 billion in 2023, it is set to increase to $1.83 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.7%. Key factors contributing to this growth include:

• Increased Use in Personal Care: Sorbitol’s application in various personal care products.
• Economic Growth and Disposable Income: Rising incomes, particularly in developing regions, fueling consumption.
• Pharmaceutical Applications: Expanded use of sorbitol as an excipient in drug formulations.
• Industrial Uses: Growing demand in various industrial applications.

Future Growth Projections

Looking ahead, the sorbitol market is projected to reach $2.39 billion by 2028, with a CAGR of 6.9%. Factors driving this growth include:

• Sustainability Focus: Growing emphasis on eco-friendly and sustainable products.
• Health and Wellness Trends: Increased consumer focus on health and wellness.
• Pharmaceutical Demand: Continued use of sorbitol in pharmaceutical formulations.
• Regulatory Support: Favorable regulations supporting sorbitol use.
• Natural Sweetener Preference: Rising consumer preference for natural and plant-based sweeteners.

View More On The Sorbitol Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/sorbitol-global-market-report

Rising Diabetes Prevalence and Its Impact

The increasing prevalence of diabetes is a significant driver for the sorbitol market:

• Diabetes Statistics: As of July 2021, 537 million adults were living with diabetes, with projections rising to 783 million by 2045.
• Sorbitol Benefits: Sorbitol’s low glycemic index and reduced calorie content make it a preferred sugar substitute in diabetic-friendly products.
• Health Management: Helps manage blood sugar levels while providing sweet alternatives for individuals with diabetes.

Major Players in the Sorbitol Market

Key companies shaping the sorbitol market include:

• Cargill Incorporated
• Archer Daniels Midland Company
• Merck KGaA
• DuPont de Nemours Inc.
• Ingredion Incorporated
• Tereos SA
• Roquette Frères
• Sigma-Aldrich Co. LLC.
• Gulshan Polyols Ltd.
• Spectrum Chemical Manufacturing Corp
• SPI Pharma
• TCI Chemicals Pvt. Ltd.
• Sukhjit Starch & Chemicals Ltd.
• Ueno Fine Chemicals
• Qingyuan Foods

Innovations Driving Market Growth

Innovative product developments are boosting the sorbitol market:

• Sorbitol Powder: A versatile sugar substitute used in food, cosmetics, and pharmaceuticals.
• Sunsorb Launch: In March 2022, Sunar Misir introduced Sunsorb, a sorbitol powder with enhanced cooling effects and tableting properties. Ideal for sugar-free gum, pharmaceutical tablets, and lozenges.

Strategic Acquisitions

Cargill’s Acquisition of Croda

• Acquisition Details: In December 2021, Cargill acquired Croda International plc for $1.03 billion.
• Strategic Goals: The acquisition strengthens Cargill’s bioindustrial portfolio and enhances its sustainable solutions across industries including automotive and food packaging.

Market Segmentation

The sorbitol market is segmented as follows:

1. By Product:
   • Liquid
   • Crystal
2. By Application:
   • Oral Care
   • Vitamin C
   • Diabetic and Dietetic Food and Beverage
   • Surfactant
   • Other Applications
3. By End User:
   • Personal Care
   • Chemical
   • Food
   • Pharmaceuticals
   • Other End Users

Regional Insights

• North America: Was the largest region in the sorbitol market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period, driven by expanding markets and increased industrial activity.

Conclusion

The sorbitol market is poised for continued growth, driven by innovations, increasing diabetes prevalence, and expanding applications across various industries. As consumer preferences shift towards health-conscious and sustainable products, the market is set to experience robust development, supported by strategic acquisitions and technological advancements.

Request A Sample Of The Global Sorbitol Market Report 2024:
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The Sorbitol Global Market Report 2024  provides an in-depth analysis on the sorbitol market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the sorbitol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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