Market Analysis
Global Sorbitol Market is likely to touch USD 2,350 million at a 6.65% CAGR between 2020- 2024, as per the recent report by Market Research Future (MRFR). Sorbitol is produced commercially from glucose for use in packaged food and beverage products. It is mostly used as a bulking agent, flavoring agent, and sweetener. Sorbitol is available in both crystal and liquid form. Its different functions include it is used as a humectant, flavoring agent, bulking agent, sweetener, and others. Owing to its alluring features and key benefits, sorbitol has several applications, including chemicals, cosmetic and personal care, pharmaceuticals, food and beverage, and others.
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Key Players
Leading players profiled in the Global Sorbitol Market Report include Gulshan Polyols Ltd (India), Tereos (Belgium), Sigma-Aldrich Company (U.S.), Qinhuangdao Lihua Starch Company Ltd (China), Daisco (Japan), Merck Group (Germany), Ecogreen Oleochemicals Pte. Ltd (Singapore), Ingredion Inc. (U.S.), Archer Daniel Midland (U.S.), Tereos Starch & Sweeteners (France), Cargill Inc. (U.S.), Freres (France), and others.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global sorbitol market report based on end use, type, and function.
By form, the global Covid-19 Analysis on Sorbitol Market is segmented into crystal form and liquid form. Of these, the liquid form will lead the market over the forecast period.
Regional Analysis
Based on the region, the Global Sorbitol Market report covers the recent trends and growth opportunities across North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will lead the market over the forecast period. Factors boosting the sorbitol market growth in the region include growing pharmaceuticals, and F&B sectors in India & China, growing demand for personal care products, low manufacturing costs, and governments of India & China have framed different initiatives to promote domestic production output of personal care and pharmaceutical industries by enabling FDIs. Additional factors adding market growth include growing GDP, increasing purchasing power, especially in developing regions, and increasing government investments in the retail sector.
The global sorbitol market in Latin America and the MEA is predicted to have steady growth over the forecast period.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.