Market Overview:
The global sorbitol 70% market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sorbitol from the food industry, pharmaceutical industry, and chemical industry. Sorbitol is used as a sweetener and humectant in food products. It is also used as an excipient in pharmaceuticals and as a solvent and intermediate in chemical production. North America dominates the global sorbitol 70% market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
A sugar alcohol which is used as a sweetener, humectant, and stabilizer.
Non–Crystallizing Sorbitol:
Non–crystallizing or conventional sorbitol is a type of sugar alcohol, which is manufactured by the catalytic hydrolysis of starch. It has applications in pharmaceuticals and food additives. The market for non–crystallizing sorbitol (NCS) can be segmented on the basis of application into food & beverage, pharmaceuticals, cosmetics & toiletries and other niche segments including animal feed additive and chemical intermediate.
Crystallizing Sorbitol:
Crystallizing or high purity sorbitol is a type of sugar alcohol. It has the ability to crystallize in light yellow, monoclinic needles and has a sweet taste. Crystallizing Sorbitol can also be produced by mechanical as well as chemical methods. Crystallizing Sorbitol is commercially available in different grades depending upon the degree of purity desired ranging from 30% to 70%.
Application Insights:
The food industry was the largest application segment and accounted for a market share of over 70% in terms of revenue in 2017. The product is extensively used as an artificial sweetener and humectant in various food & beverage applications including confectionery, fruit preserves, jams & jellies, ice creams, baked goods and dairy products. The pharmaceutical industry is expected to emerge as the fastest-growing application segment over the forecast period owing to its extensive use as a diuretic agent for treatment of hypertension.
Sorbitol also finds numerous applications outside food processing industries such as it can be used to manufacture polyester fibers that are utilized in textile manufacturing or it can be utilized directly by consumers without any further processing for their dietary needs such as sugar-free chewing gums or candy. Furthermore, it has been observed that sorbitol when consumed along with vitamin C increases absorption rate of vitamin C which further supports its utility outside the food sector.
Regional Analysis:
North America dominated the global sorbitol market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high product demand from various end-use industries, such as food & beverage and pharmaceuticals. In North America, Crystalline Isosorbide (CI) is approved by the U.S FDA for use as a sweetener in foods and beverages with low calorie levels under the brand name Sunett CI and Sorbit ECI which are manufactured by Sun Products Corporation; whereas Non-crystalline Isosorbide (NCI) is approved for use as a sweetener under NutraSweet brand name by Pfizer Inc.
Asia Pacific accounted for 24% of global revenue share in 2017 owing to rapid industrialization along with increasing population that leads towards increased demand from end-use industries such as food & beverages, pharmaceuticals, cosmetics etc.
Growth Factors:
- Increasing demand for low calorie and healthy food products due to rising obesity rates across the globe.
- Growing awareness about the health benefits of sorbitol among consumers.
- Rising demand for natural sweeteners as a healthier alternative to artificial sweeteners.
- Increasing use of sorbitol in food and beverage applications as a preservative and flavor enhancer.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sorbitol 70% Market Research Report
By Type
Non–Crystallizing Sorbitol, Crystallizing Sorbitol
By Application
Food Industry, Pharmaceutical Industry, Chemical Industry
By Companies
Spectrum Chemical NF, LUZHOU Group, Gulshan Polyols, Avatar Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Sorbitol 70% Market Report Segments:
The global Sorbitol 70% market is segmented on the basis of:
Types
Non–Crystallizing Sorbitol, Crystallizing Sorbitol
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Pharmaceutical Industry, Chemical Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spectrum Chemical NF
- LUZHOU Group
- Gulshan Polyols
- Avatar Corporation
Highlights of The Sorbitol 70% Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non–Crystallizing Sorbitol
- Crystallizing Sorbitol
- By Application:
- Food Industry
- Pharmaceutical Industry
- Chemical Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sorbitol 70% Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sorbitol 70% is a sugar alcohol that is used as a food additive and preservative. It has the chemical formula C6H10O5.
Some of the key players operating in the sorbitol 70% market are Spectrum Chemical NF, LUZHOU Group, Gulshan Polyols, Avatar Corporation.
The sorbitol 70% market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sorbitol 70% Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sorbitol 70% Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sorbitol 70% Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sorbitol 70% Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sorbitol 70% Market Size & Forecast, 2020-2028
4.5.1 Sorbitol 70% Market Size and Y-o-Y Growth
4.5.2 Sorbitol 70% Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Non–Crystallizing Sorbitol
5.2.2 Crystallizing Sorbitol
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Pharmaceutical Industry
6.2.3 Chemical Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sorbitol 70% Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sorbitol 70% Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Non–Crystallizing Sorbitol
9.6.2 Crystallizing Sorbitol
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Pharmaceutical Industry
9.10.3 Chemical Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Non–Crystallizing Sorbitol
10.6.2 Crystallizing Sorbitol
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Pharmaceutical Industry
10.10.3 Chemical Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Non–Crystallizing Sorbitol
11.6.2 Crystallizing Sorbitol
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Pharmaceutical Industry
11.10.3 Chemical Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Non–Crystallizing Sorbitol
12.6.2 Crystallizing Sorbitol
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Pharmaceutical Industry
12.10.3 Chemical Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Non–Crystallizing Sorbitol
13.6.2 Crystallizing Sorbitol
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Pharmaceutical Industry
13.10.3 Chemical Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sorbitol 70% Market: Competitive Dashboard
14.2 Global Sorbitol 70% Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Spectrum Chemical NF
14.3.2 LUZHOU Group
14.3.3 Gulshan Polyols
14.3.4 Avatar Corporation
