Sorbitol Market Worth $2.39 billion by 2030

1. Sorbitol Market Worth $2.39 billion by 2030

2. Global Sorbitol Market - 2023–2030 The global market research company, Meticulous Research®, has published an extensive report titled, ‘Sorbitol Market Size by Form (Powder, Liquid), by Function (Sweetener, Humectant, Bulking Agent, Flavoring Agent), by Application (Food & Beverage, Pharmaceuticals, Personal Care) - Global Forecast to 2030’. Download Sample Report Here: https://www.meticulousresearch.com/download- sample-report/cp_id=3019 According to the latest report by Meticulous Research®, the global sorbitol market is projected to grow at a CAGR of 3.4% from 2023 to 2030, reaching an estimated value of $2.39 billion by the end of the forecast period. The increasing demand for low-calorie, health-conscious food products, growing health concerns related to sugar consumption, expanding applications in the pharmaceutical industry, and the rapid growth of the personal care and cosmetics market are major factors driving this growth. Furthermore, emerging markets offer substantial growth opportunities for sorbitol manufacturers. Despite these positive trends, the market faces certain challenges, including potential side effects from excessive sorbitol consumption and stringent regulatory standards that may hinder growth. The global sorbitol market is segmented by form, function, application, and geographic region. The report also provides a detailed analysis of industry competitors and evaluates the market at the country level. Based on form, the global sorbitol market is categorized into syrup/liquid and powder/crystal segments. The liquid segment is expected to account for the largest market share in 2023, owing to its ease of use, better handling, and transport capabilities, as well as its wide range of applications. This segment is also expected to register the highest CAGR during the forecast period due to its superior functional properties, such as excellent flow properties and uniform mixing concentration, which help maintain consistent weight in pharmaceutical and cosmetic products. When segmented by function, the global sorbitol market is divided into sweeteners, humectants, bulking agents, flavoring agents, and other functions. The sweetener segment is expected to hold the largest market share in 2023, driven by the increasing preference for low-calorie products, high demand for convenience and processed foods, and a growing inclination toward natural products. This segment is also projected to achieve the highest CAGR over the forecast period. Regarding application, the global sorbitol market is segmented into personal care, food and beverage, pharmaceuticals, and other applications. The personal care segment is anticipated to dominate the market in 2023, driven by the rising demand for sorbitol in the personal care industry. This demand is primarily fueled by sorbitol’s multifunctional properties, such as its use as a humectant, thickener, and flavoring agent, as well as the increasing use of organic cosmetic products and the high demand for skincare products. This segment is also expected to register the highest CAGR during the forecast period, owing to rising consumer spending on personal care, heightened consumer awareness about appearance, and growing demand for innovative skincare products. Geographic Review Geographically, Asia-Pacific is expected to account for the largest share of the global sorbitol market in 2023. The region’s dominance is attributed to the high availability of raw materials, a Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Global Sorbitol Market - 2023–2030 growing population of health-conscious consumers, and an evolving food and beverage sector. Additionally, the Asia-Pacific region is expected to register the fastest growth during the forecast period, driven by increased investments in the personal care sector and rising purchasing power parity. Key Players The key players operating in the global sorbitol market are Roquette Frères S.A. (France), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), SPI Pharma, Inc. (U.S.), Sayaji Industries Limited (India), Gulshan Polyols Limited (India), ECOGREEN OLEOCHEMICALS (SINGAPORE) PTE LTD (Singapore), Merck Group (Germany), The Sukhjit Starch & Chemicals Ltd (India), B Food Science Co. Ltd (Japan), and Mitsubishi Corporation (Japan). Key questions answered in the report- • Which are the high-growth market segments in terms of form, function, application, and geography? • What is the historical market of sorbitol across the globe? • What are the market forecasts and estimates for 2023–2030? • What are the major drivers, restraints, challenges, opportunities, and trends in the global sorbitol market? • Who are the major players in the global market, and what market share do they hold? • Who are the major players in various countries, and what market share do they hold? • How is the competitive landscape? • What are the recent developments in the global sorbitol market? • What are the different strategies adopted by the major players in the market? • What are the key geographic trends, and which are the high-growth countries? • Who are the local emerging players in the global sorbitol market, and how do they compete with the other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com