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Sorbitol Market by Product Type, Application, and Region - Global Forecast to 2021

Sorbitol Market: Global Forecast until 2021

  • March 2017
  • 144 pages
  • ID: 4766029
In this report:
The company operates as a starch production company and has an annual corn processing capacity of ##,##,## tons and manufactures ##,## tons of sorbitol.
What was the percentage contribution of the following applications to the global sorbitol market? What are the key factors that are expected to drive the fastest-growing segments of the market in the next five years (2016-2021)? (Kindly validate the market segmentation and let me know if I am missing out on anything or is there any overlapping between these segments.

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"The increasing use of sorbitol in the cosmetic & personal care applications is a main aspect for the increase ot the sorbitol market"

The overall sorbitol market size (2016-2021) is projected to extend ~$1.4B by 2021, at a compound annual growth rate of 5.30 percent from 2016 to 2021. The market rise can be accredited to the growing adoption of sorbitol across applications, including cosmetic & personal care, food & beverages, and pharmaceuticals, according to their functionalities containing flavoring agent, fragrance ingredient, and cooling effect. Nevertheless, adherence to international quality standards and regulations for sorbitol may restrain the market increase.

"Cosmetic & personal care is anticipated to be the quickest-increasing application segment of the sorbitol market"

Cosmetic & personal care is anticipated to be the quickest-rising application segment, in terms of quantity & value of the sorbitol market. Sorbitol is adopted in the cosmetic & personal care application, as they possess outstanding functionalities humectant, thickener, flavoring agent, filler/diluent, good compressibility, and granulating agent. These features make it suitable for a broad range of applications, including oral care, toothpaste, chewing gum, mouth fresheners, skin care, hair care, cosmetics, soaps & detergents, and shaving creams. Furthermore, rising awareness of people to use organic products to prevent hazards of inorganic products encourage usage of sorbitol in a wide range of personal care and cosmetic products.

"The increasing demand for sorbitol from different application is predicted to push the sorbitol market in Asia-Pacific"

APAC is anticipated to be the quickest developing market for sorbitol market, in terms of value importance and quantity. High economic increase rate, increasing manufacturing sectors, cheap labor, growing foreign investments, and increase in the adoption of sorbitol across applications, including cosmetic & personal care, food & beverages, and pharmaceuticals applications are some of the main factors anticipated to fuel the increase of the market in the territory. Also, rising health issues due to consumption of sugar encourage usage of sorbitol in this area. China (CN), India (IN), South Korea (KR), and Japan (JP) are main markets for sorbitol in Asia-Pac.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were performed.

The breakdown of primary interviews are mentioned below.

- By Company Type - Tier 1 - 65.0 percent, Tier 2 - 25.0 percent, and Others - 10.0 percent

- By Description - Grade of manager - 50.0 percent, C-suite - 30.0 percent, and D-level - 20.0 percent

- By area - Asia-Pacific - 40.0 percent, North america (NA) - 25.0 percent, Europe - 20.0 percent, the Middle East & Africa - 10.0 percent, and South America - 5.0 percent

The main companies decribed in this research report are Roquette Frères, Cargill Inc., Ingredion (NYSE:INGR), Tereos Starch & Sweeteners, Archer Daniels Midland, SPI Pharma Inc., Ecogreen Oleochemicals Pte. Ltd., Merck Group, Sukhjit Starch & Chemicals Ltd., and Gulshan Polyols Ltd..

Segment Research

This industry report includes the sorbitol market, in terms of value as well as volume, and forecasts the market value until 2021. The study includes the market segmentation established on category (liquid/syrup sorbitol and crystal/powder sorbitol), application (cosmetic & personal care, food & beverages, pharmaceuticals, chemicals, and others), and area (Asia Pacific (APAC), Europe (EU), North America continent, the Middle East (ME) & African continent, and South America region). The areas have been further broken down based on main countries into China (CN), India (IN), Japan (JP), South Korea (KR), the U.S.A, Canada (CA), Mexico (MX), Germany (DE), the United Kingdom, France (FR), Russian Federation, Italy (IT), Brazil (BR), Argentina (AR), Saudi Arabia (SA), Iran, and Nigeria. The analysis also offers company descriptions and competitive landscape approved by the top players in the sorbitol market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the sorbitol market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. It will facilitate partners to apprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

3. It will facilitate partners to comprehend the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes new industry product developments, alliances & joint ventures (JV), business developments, and mergers & acquisitions.

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