Sorbitol Market | Industry Growth, Trends and Forecast Upto 2020
The global sorbitol market is expected to reach USD 3.99
billion by 2020, according to a new study by Grand View Research, Inc. Sorbitol
is a preferred substitute for sugar in food and beverages owing to lower
caloric values and natural sweetening properties. Additionally, increasing
health awareness among consumers worldwide is expected to fuel market demand
over the forecast period.
Cosmetic and personal care was the largest end use
application segment, accounting for over 600 kilo tons of sorbitol demand in
2013. Stabilizing, softening and surface active properties of sorbitol are the
key reasons for growing use in the above applications. Sorbitol is also used as
a preservative and low calorie sweetener in foods and accounted for over 537.9
kilo tons of sorbitol demand in 2013.
Full
Research Report On Global Sorbitol Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/sorbitol-market
www.grandviewresearch.com/industry-analysis/sorbitol-market
Further
key findings from the report suggest:
- Global sorbitol demand was 1,829.6 kilo tons in
2013 and is expected to reach 2,337.2 kilo tons by 2020 growing at a CAGR
of 3.6% from 2014 to 2020.
- Liquid sorbitol is the largest used product,
accounting for 1,524.7 kilo tons of demand in 2013, mainly due to
simplified production process and low cost in comparison to crystal
sorbitol.
- Toothpaste is the fastest growing application
segment, at an estimated CAGR of 4.0% from 2014 to 2020 mainly due to
sorbitol properties that prevent cavities and tooth decay.
- Asia Pacific was the largest regional market
for sorbitol with revenue USD 656.9 million in 2013. China being the
largest producer of Vitamin C, a key application of sorbitol, has resulted
in highest demand in the region. In addition, the region is also expected
to witness fastest growth, at an estimated CAGR of 4.1% from 2014 to 2020.
- Cosmetic and personal care along with chemical
applications are expected to witness fastest growth at an estimated CAGR
of 3.8% from 2014 to 2020.
- Key Companies in the market include Roquette
Freres, Cargill and Archer Daniels Midland which together accounted for a
market share of over 70% in 2013. Other companies include Sorini, Gulshan
Polylols Ltd, SPI Pharma, Merck, Danisco and Sigma-Aldrich.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the global sorbitol market on the basis
of product, application, end use application and region:
Sorbitol
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- Liquid/Syrup
sorbitol
- Crystal/Powder
sorbitol
Sorbitol
Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- Toothpaste
- Vitamin
C
- Diabetic
and Dietetic Food and Beverage
- Surfactants
- Others
Sorbitol
End Use Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2020)
- Cosmetic
and Personal Care
- Chemical
- Food
- Pharmaceutical
- Others
- Sorbitol
Downstream Opportunities Outlook
- Ethylene
Glycol
- Propylene
Glycol
- Glycerol
- Isosorbide
Sorbitol
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-sorbitol-market
www.grandviewresearch.com/press-release/global-sorbitol-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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