The global sorbitol market size was 1.96 million tons in 2015. Rising demand for artificial sweeteners with low-calorie content in food & beverages on account of increasing health awareness is expected to promote industry expansion over the forecast period.
Growing demand for sorbitol as a functional ingredient in food & beverage, personal care, pharmaceutical, and chemical manufacturing will augment industry growth over the forecast period. The increase of the food & beverage sector in China, India, and Brazil on account of growing number of retail stores and supportive regulations to promote investments will create immense market potential.
The growing usage of artificial sweeteners in pharmaceutical applications including chewing tablets and syrups in the U.S., Germany, France and Japan will promote industry size over the forecast period. However, the laxative effect associated with sorbitol is expected to restrain industry growth.
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Rising consumption of natural sweeteners in the food & beverage industry in light of their low price and easy availability is projected to hamper market growth. Furthermore, increasing market penetration of artificial sweeteners including stevia, aspartame, mannitol and xylitol in applications including beverage, bakery goods, pharmaceuticals, personal care and chemical industries is expected to pose a challenge for industry expansion
Liquid sorbitol was extensively used and accounted for 82.7% of the global volume in 2015. Growing applications of the product in the formulation of syrups, solvents, and gels on account of its sweetening effect will propel market growth over the forecast period. Moreover, its increasing use as an excipient for pan coatings in the healthcare sector as they exhibit excellent solubilizing property will promote demand.
Crystal product forms are expected to witness moderate revenue growth owing to high usage in manufacturing mint tablets, chewing gum, polydextrose and other sugar free-foodstuff including dried squid thread, roasted fish fillet, shrimp ball and frozen raw fish.
Toothpaste is projected to witness volume gains at a CAGR of 3.9% owing to increasing consumption of sorbitol for preventing dental problems including tooth decay and cavity issues.
Demand for personal care products was 656.2 kilo tons in 2015. Rising use of the product as a sweetening and thickening agent in the formulation of personal care products. Chemical is expected to witness significant revenue growth owing to increasing application in biofuel, as well as rocket fuel, will promote demand over the forecast period.
Increasing demand for toothpaste, mouthwash, skin creams, and chewing gums in light of product innovation by FMCG manufacturers including P&G and Unilever will open new market avenues. Also, high refractive index of sorbitol is expected to promote the product used in the formulation of transparent gels.
Downstream Opportunity Insights
Sorbitol is projected to remain a favorable chemical intermediate for the production of a broad range of goods including propylene glycol, ethylene glycol, glycerol, and isosorbide. Shifting preference from synthetically derived raw materials to natural products in the chemical industry in light of rising concerns over greenhouse emissions is expected to promote the use of sorbitol as a replacement to polyols.
Asia Pacific accounted for 51.5% of the overall volume in 2015. The high prevalence of toothpaste and vitamin C manufacturing facilities in China, Japan and India is projected to have a positive impact
North America is projected to foresee volume growth at a CAGR of 2.9% as a result of increasing demand for artificial sweeteners in the U.S. and Canada. Furthermore, rising awareness towards adverse effects associated with normal sugar has been promoting market growth.
Key industry participants include Roquette, Sorini, American International Foods, Archer Daniels Midland, Cargill Incorporated, Ecogreen Oleochemicals GmbH, Gulshan Polyols Ltd. and Tereos Syral. In October 2014, Cargill entered into a joint venture with Arabian Agricultural Services Company, a Saudi Arabia-based food company, to establish starches and sweeteners business in Saudi Arabia.
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Sorbitol Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Liquid/Syrup sorbitol
• Crystal/Powder sorbitol
Sorbitol Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Vitamin C
• Diabetic and Dietetic Food and Beverage
Sorbitol End Use Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Cosmetic and Personal Care
Sorbitol Downstream Opportunities Outlook
• Ethylene Glycol
• Propylene Glycol
Sorbitol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• North America
• Asia Pacific
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