Global Sorbitol Market To Reach USD 1,585.4 Million By 2022
The Global Sorbitol Market will grow at a CAGR of 3.9% from 2017 to
2022 to reach USD 1,585.4 million by 2022, according to this latest publication
from Meticulous Research®. The global sorbitol market driven by
the growing health issues due to consumption of sugar-based products, expansion
of middle-class population and increased urbanization, increasing demand from
Asia-Pacific region, and growing demand from cosmetic and personal care industry.
Moreover, “all natural” and “clean label” trends within the food and beverage
markets, rising consumer demand for low-calorie and healthy food products, and
increasing prevalence of diabetes have embraced the growth of sorbitol market
globally. However, various side effects due to over consumption of sorbitol,
and stringent regulations and international quality standards for sorbitol
challenge the growth of the sorbitol market to some extent.
The global sorbitol
market is mainly segmented by function (sweetener, humectant, bulking agent,
flavoring agent, and others), by form (solid and liquid), by applications (food
& beverages, pharmaceuticals, cosmetics & personal care, and others),
and by geography (North America, Europe, Asia-Pacific, Latin America, and
Middle East & Africa).
Asia Pacific holds the
major share in the global sorbitol market, followed by North America, and
Europe. This penetration of sorbitol in this region is further expected to grow
primarily due to the growth of cosmetic and personal care industry, increased
consumption of functional food, growing desire to live a healthy lifestyle, and
growing health & wellness trend. Further, increasing disposable income,
rapid urbanization, increasing prevalence of diabetes, and increased production
of sorbitol in the region provides significant opportunities for the sorbitol
providers in this region.
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The leading companies
have employed various strategies to expand their product and application
offerings, global footprint, and augment their market share. The key players in
the global sorbitol market are Roquette Freres le Romarin., Cargill
Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, SPI
Pharma, Sayaji Industries Limited, Glushan Polyols Ltd., Ecogreen
Oleochemicals, Merck group, Sukhjit Group, Tereos, B Food Science Co. Ltd, and
Mitsubishi Corporation.
About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated
as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company
under the Companies Act, 1956. Since its incorporation, the company has become
the leading provider of premium market intelligence in North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa.
Contact
Us:
Viren Shrivastava
Viren Shrivastava
AVP-
Global Sales and Marketing
Meticulous
Research®
Tel:
+1-646-781-8004
Email: viren@meticulousresearch.com
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