Market Size of Sorbitol Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.27 Billion |
| Market Size (2029) | USD 1.75 Billion |
| CAGR (2024 - 2029) | 6.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Sorbitol Market Analysis
The Sorbitol Market size is estimated at USD 1.27 billion in 2024, and is expected to reach USD 1.75 billion by 2029, growing at a CAGR of 6.56% during the forecast period (2024-2029).
As the COVID-19 outbreak continued to spread globally, it has disrupted the entire supply chain, affecting the manufacturers' consumption patterns and investment plans by forcing companies to adopt different and new operations policies with an eye on health and well-being problems for manufacturers in the production line. COVID-19 has led to a decrease in the demand for sugar worldwide and has impacted the sugar industry, which is driving the demand for sorbitol. Consumers have become more conscious about their health and looking for food products that offer them health benefits. Also, the awareness regarding the harmful effect of sugar on health is increasing among consumers, and therefore, people are more inclined toward low-calorie and low-sugar food products, which drives the market.
Moreover, the increasing prevalence of diabetes and the rising number of health-conscious people is increasing the demand for sorbitol in the food industry as it offers low-calorie and low-sugar content. For instance, According to the U.S. Department of Health & Human Services, approximately 34.2 million people in the U.S. are suffering from diabetes which makes it about 10.5% of the population.
Growing consumer perception towards product benefits derived from natural ingredients is expected to drive the demand. The shift in preference towards organic personal care & cosmetic products owing to health & safety factors is expected to positively influence market growth. Increasing demand for low-calorie artificial sweeteners, particularly for diabetic patients, is likely to surge in sorbitol market growth. Also, raising awareness about dietary supplements and their nutritional benefits is also likely to have a positive impact on the industry in the near future. The demand for sorbitol will increase among consumers and in various industries due to rising health concerns and more inclination of consumers towards healthy products to lead a healthy lifestyle.
Sorbitol Industry Segmentation
Sorbitol, a sweet-tasting crystalline compound found in some fruit, is a sugar alcohol that the human body metabolizes slowly. Sorbitol is used to impart taste and sweetness. The global sorbitol market is segmented by type into liquid sorbitol and powder/crystal sorbitol. By applications, it is segmented into confectionery, bakery, frozen food, dietary supplements, beverages, pharmaceuticals, cosmetics, and personal care. By Geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Product Type | |
| Liquid Sorbitol | |
| Powder/Crystal Sorbitol |
| By Application | |
| Confectionery | |
| Bakery | |
| Frozen Food | |
| Dietary Supplements | |
| Beverages | |
| Pharmaceuticals | |
| Cosmetics and Personal Care |
| Geography | |||||||||
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Sorbitol Market Size Summary
The sorbitol market is poised for significant growth over the forecast period, driven by increasing consumer awareness of health benefits associated with low-calorie and low-sugar products. The shift in consumer preferences towards healthier food options, coupled with the rising prevalence of diabetes and other health concerns, is fueling the demand for sorbitol, particularly in the food industry. Sorbitol's role as a sweetener and moisture-stabilizing agent makes it a valuable ingredient in confectionery, baked goods, and chocolate, helping to maintain product freshness and extend shelf life. The market is also benefiting from the growing trend towards natural and organic ingredients in personal care and cosmetic products, further bolstering the demand for sorbitol.
The competitive landscape of the global sorbitol market is characterized by the presence of major players such as Cargill, Merck, DuPont, and Archer Daniels Midland Company, who hold significant market shares. These companies are leveraging strategies like acquisitions, partnerships, and product innovations to strengthen their market positions. The market dynamics are influenced by regional factors, with North America showing a saturated market for sweeteners, while Mexico presents high growth potential due to its obesity rates and government initiatives to reduce sugar consumption. The ongoing investments in research and development by leading companies aim to cater to specific consumer needs, ensuring the continued expansion and diversification of sorbitol applications across various industries.
Sorbitol Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Liquid Sorbitol
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2.1.2 Powder/Crystal Sorbitol
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2.2 By Application
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2.2.1 Confectionery
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2.2.2 Bakery
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2.2.3 Frozen Food
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2.2.4 Dietary Supplements
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2.2.5 Beverages
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2.2.6 Pharmaceuticals
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2.2.7 Cosmetics and Personal Care
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Sorbitol Market Size FAQs
How big is the Sorbitol Market?
The Sorbitol Market size is expected to reach USD 1.27 billion in 2024 and grow at a CAGR of 6.56% to reach USD 1.75 billion by 2029.
What is the current Sorbitol Market size?
In 2024, the Sorbitol Market size is expected to reach USD 1.27 billion.
