Global Sorbitol Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Sorbitol Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global sorbitol market report has been segmented on the basis of product, application, end-use application, and region.

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Global Sorbitol Market: Overview

Sorbitol occurs naturally and is also produced synthetically from glucose. It was formerly used as a diuretic and also as a laxative and in irrigating solutions for some surgical procedures. It is also used in many manufacturing processes, as a pharmaceutical aid, and in several research applications.

Sorbitol is a sugar alcohol found in fruits and plants with diuretic, laxative, and cathartic property. Unabsorbed sorbitol retains water in large intestine through osmotic pressure thereby stimulating peristalsis of intestine and exerting its diuretic, laxative, and cathartic effect. In addition, sorbitol has one-third fewer calories and 60% sweetening activity of sucrose and is used as a sugar replacement in diabetes.

Global Sorbitol Market: Dynamics

Increasing demand for sorbitol from cosmetic industry as a thickening agent in wide range of products is a major factor expected to drive growth of the global market. In addition, rising disposable income, increasing spending capacity and increasing demand for oral care products coupled with rising adoption of sorbitol in oral care application, such as transparent gels, toothpaste, and mouthwash are some other factors expected to support growth of the global market to certain extent.

In addition, rapid industrialization in developed and developing economies and wide applicability of sorbitol as a foaming and wetting agent, emulsifier, and dispersant is resulting in growing demand from various industry verticals are among other factors expected to further propel growth of the target market.

Furthermore, increasing adoption of sorbitol from food & beverage industry as an ingredient in various products, coupled with innovative product offering are some other factors expected to further support growth of the target market to certain extent.

However, stringent government regulations related to product approval and high regulatory standards are major factors expected to hamper growth of the global market.

Increasing investment for R&D activities and innovative product offering by major players are expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, strategic expansion activities by major players is expected to create lucrative opportunities in terms of revenue which is expected to further support growth of the target market to certain extent.

Global Sorbitol Market: Region Analysis

The market in Asia Pacific is expected to witness faster growth, owing to increasing government expenditure on pharmaceutical sector, coupled with increasing demand for sorbitol from pharmaceutical sector and presence of prominent players operating in the emerging economies in this region. The markets in North America and Europe are expected to contribute significant revenue shares in the global market. This can be attitude to flourishing cosmetic industry, coupled with rising adoption from cosmetic industry for innovative product offerings and presence of major players operating in the countries in this region. In addition, growing merger and acquisition activities between local and international players is expected to further support growth of the target market in this region to certain extent.

Global Sorbitol Market Segmentation:

Segmentation by product:

Liquid
Crystal

Segmentation by application:

Oral Care
Vitamin C
Diabetic & Dietetic F&B
Surfactant

Segmentation by end-use application:

Personal Care
Chemical
Food
Pharmaceuticals