According to a new report by EMR titled ‘Global Sorbitol Market Report and Forecast 2019-2024’, the global sorbitol market reached a volume of 2.4 million metric tons in 2017 and is further expected to grow at a CAGR of 2.3% in the period 2019-2024, driven by demand from several industries.

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Sorbitol is a naturally occurring six carbon sugar alcohol, which has sweetening properties without being cariogenic. Thus, it finds extensive application in the production of beverages, ice-creams, jams, syrups, toothpastes and other oral care products among others. The growth in the demand of sorbitol in the sectors like food and beverages, cosmetics and personal care, and pharmaceutical industry has been due to an increasing awareness of how sugar-based products are detrimental to the health and the mounting purchasing power parity. Its moisture-stabilizing property makes it an ideal additive to products which need to maintain their freshness in storage. Sorbitol prevents the hardening or drying of such products. It can also combine easily with fats, sugars and gelling agents due to its ability to withstand high temperatures. Thus, sorbitol is added to products such as confectionaries and baked goods, among other products.

Asia Pacific was the largest market for sorbitol in 2017 accounting for over half the sorbitol market share. The region will continue to dominate the market with China as the biggest consumer of sorbitol, representing about 40% of the total sorbitol consumption globally. The rising demand for sorbitol in the home and personal care, and food and beverage sectors in regions like North America and Europe along with Asia Pacific countries like India, Thailand and Indonesia has supplemented the growth of the global sorbitol market. Increasing cases of diabetes and obesity is driving the demand the demand for sorbitol in the food and beverage sectors in countries like India, Japan and Australia.

Market Analysis by Type, Application and Region:

* The sorbitol market is divided into liquid and powder sorbitol types.
* Sorbitol finds it major applications in pharmaceuticals, toothpastes, food and confectionaries, cosmetics and toiletries, and industrial surfactant sectors, among others.
* Region-wise, the global sorbitol market can be divided into North America, Europe, Asia Pacific, LATAM and Middle East and Africa.

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Key Findings of the Report:

* The greater demand for low-calorie foods due to rising health concerns is driving the global sorbitol market.
* Personal care industry is a significant emerging sector where sorbitol is finding growing application.
* Corn, cassava and wheat are the major sorbitol feedstock which are preferred according to their ease of availability and the production costs.
* Sorbitol also finds usage in the pharmaceutical industry as a laxative.
* Favourable government policies and growing FDI flows for personal care and pharmaceutical companies in India and China has aided the growth of the Asia Pacific market.

Key Offerings of the Report:

* The report by EMR provides the historical (2014-2018) and forecasted (2019-2024) production and consumption of liquid and powder sorbitol as well as of sorbitol feedstock.
* The report also provides a detailed region-wise historical (2014-2018) and future 2019-2024) production and consumption of sorbitol and its feedstock.
* It analyses the trade data for sorbitol and its feedstock according to the value and volume of the exporting and importing countries.
* It gives an in-depth insight into the regional price trends of sorbitol and its feedstock for the periods 2014-2018 and 2019-2024.

Roquette Frères SA, Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tereos Starch & Sweeteners, Shandong Tianli Pharmaceutical Co., Ltd., PT Sorini Agro Asia Corporindo Tbk and Kasyap Sweeteners Ltd. are the major players in the global sorbitol market analyzed by EMR. The EMR report gives a detailed overview of the latest developments in the competitive landscape of the global sorbitol market, looking into plant turnarounds, capacity expansions, and mergers and acquisitions.

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EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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