Global Sorbitol Market 2017-2021

Overview of the global sorbitol market

When the pancreas fails to produce enough insulin in the body, the body develops chronic diseases such as diabetes. It results in high blood pressure, fatigue-related problems, dehydration, and eating disorders. The number of diabetes patients is also increasing around the globe, which in turn, will propel the amount spent on treatments for diabetes every year. Research analysis on the global sorbitol market identifies that the increasing rate of diabetic problems will be one of the major factors that will have a positive impact on the growth of the market. It is estimated that in 2016, approximately USD 690 billion was spent on treating diabetes on a global level and this will reach USD 720 billion by 2040. Consequently, people in many countries of APAC and the Americas are forced to purchase low sugar level foods that contain sugar alcohol such as sorbitol. This in turn, will drive the demand for sorbitol in foods and beverages and pharmaceutical applications. Technavio's market research analysts predict that the glucitol market will grow at a CAGR of more than 5% by 2021.

The high demand for cosmetics, personal care products, and chemicals in APAC resulted in an increased consumption of sorbitol during 2016. The Association of Southeast Asian Nations (ASEAN) countries such as Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Laos, and Myanmar are the potential markets for cosmetics in this region. This will drive the demand for sorbitol from APAC in the coming years.

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• Identify latent opportunities and explorative solutions in the sorbitol market
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• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The sorbitol market is competitive and is characterized by the presence of many vendors. These vendors are increasingly focusing on the development of new products and are adopting strategies such as M&As and are also heavily investing in research and developmental activities. New players find it difficult to enter the glucitol market due to the requirement of high capital and technical expertise.

Key vendors in this market are -

• Archer Daniels Midland
• Cargill
• Ingredion
• Roquette
• Tereos

Other prominent vendors in the market include Gulshan Polyols, Ecogreen Oleochemicals, SPI Pharma, Sigma-Aldrich, and Lihua Starch Beijing.

Segmentation by type and analysis of the sorbitol market

• Liquid
• Crystal

The manufacture of liquid sorbitol involves the hydrogenation of dextrose, that is derived from starch hydrolysate saccharification. The demand for sorbitol liquid is high when compared to crystal sorbitol because they bind the water molecules and stabilize the mass, which prevents hardness, cracks, and dryness. This in turn, propels their adoption in cosmetics and personal care and food and beverages.

Segmentation by end-user and analysis of the sorbitol market

• Cosmetics and personal care
• Food and beverages
• Chemicals and pharmaceuticals

The cosmetics and personal care segment extensively uses sorbitol for various applications such as tooth paste, mouth wash, emollient creams, lotions, soaps, hair care products and lipsticks. Sorbitol maintains the moisture level due to its exceptional hygroscopic property. Additionally, it also offers conditioning and shelf life extension, which is ideal for cosmetic products.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global sorbitol market?
• What are the key market trends impacting the growth of the global sorbitol market?
• What are the challenges to market growth?
• Who are the key vendors in the global sorbitol market?
• What are the market opportunities and threats faced by the vendors in the global sorbitol market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global sorbitol market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global sorbitol market insights into the significant trends and drivers stimulating the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology and presents an analysis of the dynamically changing market sector like specialty chemicals.

Also, to gain higher accuracy, our market research experts follow an extensive data collection approach and implement uniquely formulated analytic tools. The primary advantage gained from the adoption of this approach is better statistical models and vendor analysis. By considering the surging demand for multiple segments of the specialty chemicals sector, the market experts at Technavio present an all-inclusive picture of the sorbitol market from 2017 to 2021.  

This forthcoming market research report on the sorbitol market also covers vendors like Roquette Frères, Archer Daniels Midland (ADM), Ingredion Incorporated, and Tereos Starch & Sweeteners. Furthermore, to presents clients the scope to identify potential market opportunities and expand in niche markets, this report on the sorbitol market also covers geographies like APAC, EMEA, North America, and ROW.  

The upcoming industry research report for the sorbitol market also categorizes the prominent drivers, major trends, along with the restraints that the specialty chemicals sector currently experiences. This upcoming report on the sorbitol market presents insights into the rapidly changing vendor landscape to give clients a complete outlook of the forthcoming events within the chemicals and materials industry. Technavio also presents in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins.  

Our market research methodology for the sorbitol market 

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.