The Growing Sorbitol Market is Driven by Increasing Demand from Food and Beverage Industry
The sorbitol market has seen substantial growth in recent years owing to the increasing use of sorbitol in various food and beverage applications. Sorbitol is a sugar alcohol that is commonly used as a low-calorie sweetener and humectant in various edible products. It helps maintain the moisture and texture of baked goods, gums, candies, drinks, and other food items. Sorbitol is about 60% as sweet as sugar but is non-cariogenic and helps improve the mouthfeel of products. It also aids in maintaining the freshness of products for longer durations.
The global sorbitol market is estimated to be valued at US$ 1.89 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Sorbitol Market Size are American International Foods, Inc., ADM, Cargill Incorporated, DuPont, Gulshan Polyols Ltd., Merck KGaA, Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd., Roquette Frres, SPI Pharma, Tereos, Ingredion Incorporated, Kasyap Sweeteners, Ltd., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica. The growing demand from the food and beverage industry is a major factor driving the growth of the sorbitol market. Sorbitol helps extend the shelf-life of bakery products and provides texture and moisture to semi-solid foods. It is widely used in drinks, dairy products, candies, frozen desserts, and oral care products.
Globally, Asia Pacific dominated the sorbitol market in 2020 due to high consumption in China, India, Japan, and other emerging economies. Major manufacturers are investing in countries like China and India to tap the immense market potential. Europe is another lucrative region for sorbitol owing to the developed food processing industry. Government regulations supporting low-calorie sweetener consumption are encouraging manufacturers to broaden the production capacities.