Sorbitol Global Market Report 2024

The sorbitol market size has grown strongly in recent years. It will grow from $1.71 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historic period can be attributed to several factors, including the increased utilization of sorbitol in personal care products, economic expansion, rising disposable incomes particularly in developing countries, heightened use of sorbitol as an excipient in pharmaceutical formulations, and its application in various industrial sectors.

The sorbitol market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. In the forecast period, growth is expected to be driven by several factors, including the increasing emphasis on sustainability, ongoing growth in health and wellness trends, the growing use of sorbitol in pharmaceutical formulations as an excipient, continued regulatory support, and a rising consumer preference for natural and plant-based sweeteners. Major trends anticipated during this time include expansion in the personal care and cosmetics industry, growth in the pharmaceutical sector, technological advancements, expansion in emerging markets, and innovation in food and beverage products.

The growth of the sorbitol market is expected to be propelled by the increasing prevalence of diabetes. Diabetes, a chronic medical condition characterized by elevated blood sugar levels due to inadequate insulin production or utilization, is influenced by factors such as rising obesity rates, sedentary lifestyles, unhealthy diets, and an aging population. Sorbitol, with its low glycemic index and reduced calorie content, is a favored sugar substitute in diabetic-friendly products. This allows individuals with diabetes to manage their blood sugar levels while enjoying sweet treats. For instance, as reported by the International Diabetes Federation in July 2021, there were 537 million adults aged 20-79 living with diabetes, with projections indicating a rise to 643 million by 2030 and further to 783 million by 2045. Hence, the increasing prevalence of diabetes is expected to drive the growth of the sorbitol market.

Key players in the sorbitol market are concentrating on developing various forms of sorbitol, such as sorbitol powder, to meet changing consumer preferences and capitalize on its expanding applications across industries. Sorbitol powder, derived from glucose, finds uses in food, cosmetics, and pharmaceuticals for its sweetness and humectant properties. For instance, Sunar Misir launched Sunsorb in March 2022, a specialized sorbitol powder suited for diverse applications such as sugar-free chewing gum, offering a refreshing sensation and enhancing freshness with its cooling effect. Sunsorb Powder's exceptional tableting properties make it ideal for pharmaceutical-grade tablets, including effervescent, chewable, and swallowable varieties, as well as a reliable binder for lozenges and pellets.

In December 2021, Cargill Incorporated acquired Croda International plc for $1.03 billion, aiming to bolster its bioindustrial portfolio by leveraging Croda's specialty chemicals expertise. This acquisition expands Cargill's sustainable solutions across industries such as automotive, polymer, and food packaging. Croda International plc, a UK-based producer of Sorbitol, is known for its specialty chemicals and is now part of Cargill's enhanced offerings.

Major companies operating in the sorbitol market are Cargill Incorporated, Archer Daniels Midland Company, Merck KGaA, DuPont de Nemours Inc., Ingredion Incorporated, Tereos SA, Roquette Frères, Sigma-Aldrich Co. LLC., Luzhou Group, Dancheng Caixin Sugar Industry Co. Ltd., Futaste Pharmaceutical Co. Ltd., Ecogreen Oleochemicals, PT Sorini Agro Asia Corporindo Tbk, Sorini Agro Asia Corporindo Tbk, Gulshan Polyols Ltd., Spectrum Chemical Manufacturing Corp, SPI Pharma, TCI Chemicals Pvt. Ltd., Sukhjit Starch & Chemicals Ltd., Kasyap Sweeteners Ltd., B Food Science Co. Ltd, American International Foods Inc, Mitsubishi Shoji Foodtech Co. Ltd., Ueno Fine Chemicals, Qingyuan Foods.

North America was the largest region in the sorbitol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sorbitol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the sorbitol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Sorbitol, derived from glucose, is a sugar alcohol widely employed as a sweetener across industries. In food production, it features in sugar-free and dietetic products such as candies, chewing gum, and baked goods due to its lower calorie count compared to sugar. Within pharmaceuticals, sorbitol acts as a laxative and sugar alternative in diabetic medications, also serving as a syrup stabilizer. Its utility extends to cosmetics, where it functions as a humectant and thickener, enhancing moisture retention and product consistency.

There are two main types of sorbitol, liquid and crystal. Liquid sorbitol is a clear, thick solution utilized as a sweetener or humectant in various products, including oral care items, vitamin C formulations, diabetic foods and beverages, surfactants, and more. These applications cater to end-users in personal care, chemical, food, pharmaceutical, and related industries.

The sorbitol market research report is one of a series of new reports that provides sorbitol market statistics, including sorbitol industry global market size, regional shares, competitors with an sorbitol market share, detailed sorbitol market segments, market trends and opportunities, and any further data you may need to thrive in the sorbitol industry. This sorbitol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sorbitol market consists of sales of sorbitol solutions, humectants, chewable tablets, and chewing gum. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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