The global sorbitol market was valued at USD 1,244.5 million in 2018 and is projected to rise to USD 2,527.22 million by 2032, registering a compound annual growth rate (CAGR) of 5.11% throughout the forecast period. In 2018, the Asia Pacific region led the global market with a share of 48.53%. The U.S. sorbitol market is expected to witness significant expansion, potentially reaching USD 415.05 million by 2032. This growth is largely driven by the increasing use of sorbitol as a low-calorie sweetener in food and beverages, along with its expanding applications in the pharmaceutical and personal care sectors.
Sorbitol, a type of sugar alcohol, is recognized as a valuable chemical intermediate derived from biomass. It serves multiple roles across industries—functioning as a sweetener, humectant, sequestrant, stabilizer, bulking agent, and texturizer. Its use varies depending on the industry: in food, it's used as a preservative and additive; in pharmaceuticals, it acts as a carrier; and in cosmetics, it functions as an emulsion stabilizer. These diverse functionalities are expected to further propel market growth in the coming years.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/sorbitol-market-100206
Sorbitol Market Segmentation
By type, liquid or syrupy sorbitol continues to dominate the market due to its efficient production process, ease of application, and cost-effectiveness. Commercially, sorbitol is typically sold as a 70% aqueous solution, which is colorless to slightly yellow in appearance. Key raw materials used in sorbitol production include corn, wheat, potato, and cassava, with corn being the most commonly used source due to its starch-rich composition. By application, the food and beverage sector holds the largest share, driven by the nutritional benefits of sorbitol. As a nutritive sweetener providing approximately 2.4–2.6 kilocalories per gram, it is widely used in reduced-calorie and sugar-free food products.
Regional Insights
"Asia Pacific Leads, Driven by Strong Growth in Cosmetics and Personal Care"
Asia Pacific continues to be the leading region in the global sorbitol market, with China playing a pivotal role due to its large-scale Vitamin C production, which heavily relies on sorbitol. Additionally, Indonesia, one of the world’s largest producers of starch-based sweeteners, significantly contributes to regional market growth.
Competitive Landscape
"Technological Advancements and Expanding Applications Support Market Consolidation"
The global sorbitol market features a moderately consolidated competitive structure. Companies involved in glucose-based chemical derivatives see sorbitol as a promising investment opportunity. With advancements in technology and growing demand from various end-use sectors, many industry players are ramping up production, further boosting market revenue potential.
Leading Companies in the Sorbitol Market: