Sorbitol Market Size, Share & Trends Report

Sorbitol Market Size, Share & Trends Analysis Report By Product (Liquid, Crystal), By Application (Oral Care, Diabetic & Dietetic F&B), By End Use (Food, Personal Care), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jan, 2019
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-199-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 125

Industry Insights

The global sorbitol market size was valued at USD 3.79 billion in 2017 and is projected to expand at a CAGR of 8.0% over the forecast period. Sorbitol is a useful ingredient in dietary foods and beverages as it acts as an effective substitute for sugar due to its low calorie content. Increased health consciousness is expected to drive the growth of this market. Sorbitol is also used in pharmaceutical applications as a sugar substitute and in cosmetics as a humectant.

The industry value chain consists of raw material suppliers, product manufacturers, distribution channels, and end user applications. Rising concerns regarding adverse health effects caused due to the degradation of packaged goods like bread rolls, frozen desserts, and chocolates, is expected to promote the usage of sorbitol as it helps enhance the shelf life of such products.

U.S. sorbitol market

Increased consumption of baked goods and confectionery items is also expected to fuel the product demand over the forecast years. Growing market penetration of herbal oral care products over the past decade, owing to rising awareness about oral health and importance of herbal ingredients, is expected to expand the application scope of sugar alcohols, such as sorbitol. The global toothpaste sales were recorded at USD 13.54 billion in 2017.

Consumer goods companies, such as Unilever and Colgate-Palmolive, are increasingly investing in the development of novel oral care products, which is also expected to drive the product demand. The product is commercially processed by reduction of glucose and replacing the aldehyde group with a hydroxyl group.However, the industry is facing restraints from uncertain raw material supply and resultant price fluctuations, forcing manufacturers to shift their production facilities to economical areas of Asia Pacific.

Product Insights

On the basis of product, the industry can be segmented into liquid and crystal. Liquid sorbitol is majorly used as a sugar substitute in F&B and pharmaceutical industries. Thus, rising demand for sugar substitutes on account of increasing awareness about low calorie intake is expected to promote market growth for liquid sorbitol in near future. In addition, low cost of liquid form of the product than crystal form is expected to attract buyers, thereby propelling the segment expansion.

Crystal sorbitol is used as a food additive in mint tablets, chewing gum, polydextrose (soluble dietary fiber), and other sugar-free foodstuff including dried squid thread, roasted fish fillet, shrimp ball, frozen raw fish, and several other frozen aquatic products. Rising demand for aforementioned products, especially frozen foods and meat products, in China and India is expected to promote the segment growth over the years to come. Prices of the crystal form ranged between USD 2 per kilogram to USD 2.43-4.65 per kilogram in 2017, which were 40-50 cents costlier than its liquid counterparts, which is expected to be a restraining factor for the segment development.

End-use Insights

Personal care was the largest end-use segment accounting for 34.0% of the global sorbitol market volume in 2017. Increasing consumer awareness regarding the benefits offered by naturally-derived ingredients is expected to be a favorable factor for the market. Sorbitol is used as a thickening and sweetening agent in personal care products, such as skin creams, mouthwash, toothpaste, and chewing gums. In addition, high refractive index of the product allows its use as crystals in transparent gels. Food industry was the second-largest end-use segment and is expected to witness growth on account of increasing product demand as a sweetener.

Rising awareness about dietary supplements and their nutritional benefits is also likely to have a positive impact on the industry in the near future. In addition, growing demand for low-calorie and sugar-free products on account of increasing prevalence of diabetes is expected to boost the market growth further. Chemical segment also accounted for a significant share of the global volume. On account of being a sugar alcohol, the product is expected to find application as intermediate in the manufacturing of numerous products, such as biofuels and rocket fuel.

Downstream Opportunities Insights

Sorbitol has a similar product base as polyols. Therefore, it is a potential chemical platform for the renewable production of these substances. It is a feasible and eco-friendly alternative. Ethylene glycol, propylene glycol, glycerol, and isosorbide are few materials that have undergone the processes of being manufactured from the product. The product can be processed to manufacture ethylene glycol through fermentation process. Ethylene glycol is used in the production of numerous polyester compounds, such as PET (Polyethylene Terephthalate).

Rising usage of PET in packaging of CSD bottles, and as a light weight material in automotive industry, is anticipated to fuel ethylene glycol demand, thereby boosting the market growth. Propylene glycol is majorly used as a feedstock for production of Unsaturated Polyesters Resins (UPR). ADM Industrial Chemicals division has developed a production process for manufacturing glycerol along with propylene glycol through the involvement of corn starch sorbitol as a raw material. As a result, numerous companies are anticipated to increase their expenditure on the development of propylene glycol through bio-based alternatives for reducing reliance on petrochemicals.

Application Insights

Oral care is projected to be the fastest-growing application segment over the forecast years. The product is used as a sweetening and thickening agent in toothpaste. The FDA has declared the product as “Generally Recognized As Safe (GRAS)”, which paves way for its use in toothpastes. However, emergence of substitutes, such as xylitol, is expected to pose a credible threat for the product in near future. In terms of revenue, the diabetic & dietetic F&B segment is likely to witness a CAGR of 7.8% during the estimated period.

Increasing prevalence of diabetes have increased the importance of functional foods fortified with low calorie and sugar-free ingredients. As a result, F&B manufacturers are utilizing artificial sweeteners, such as sorbitol, in their products. The U.S government approved 99% product usage in cough drops and hard candy, 98% in soft candy, 30% in commercial jams and jellies, 30% in baked goods and baked mixes, and 17% in frozen dairy desserts and mixes.

Global sorbitol market

Sorbitol also finds application as a foaming and wetting agent, emulsifier, dispersant and detergent. Rising demand for bio-based products, particularly in Europe and North America, is expected to drive bio-based surfactants usage, such as rhamnolipids and sorbitol. In addition, stringent regulations aimed at reducing Greenhouse Gas (GHG) emissions is expected to promote the growth of bio-based surfactants and have a positive impact on the overall market in coming years.

Regional Insights

North America accounted for USD 907.6 million in 2017, in terms of revenue, and is anticipated to register a CAGR of 7.0% over the coming years. High demand for organic personal care products in U.S. is anticipated to drive the market growth. Asia Pacific is expected to be the largest and fastest-growing regional market witness at a CAGR of 9.4% during the forecast period. Low manufacturing costs and demand for personal care products along with growing F&B and pharmaceuticals sectors in China and India are expected to spur the regional market development. Governments of China and India have framed numerous initiatives intended for promoting domestic production output of pharmaceuticals and personal care industries by allowing FDIs.

This is expected to have a significant impact on the market in this region. The Europe market is also anticipated to witness a significant development in the next few years on account of growing personal care market in Germany, Italy, and France, and rising awareness about natural ingredients. The European Commission announced Horizon 2020 Strategy, which is intended to promote the industrial growth of naturally-derived products. As a result, new investments in the market are anticipated to be witnessed, thereby boosting the region’s growth.

Sorbitol Market Share Insights

Industry is exceptionally aggressive with organizations undertaking a few activities including regular mergers, acquisitions, and strategic alliances. Established companies are concentrating on expanding their industry share alongside productivity through technological innovation. The market is dependent on raw material suppliers and manufacturers, which are primarily concentrated in U.S., China, India and Brazil.

The organizations are concentrating on ideal business development by actualizing different development techniques. Some of the key companies in the global market are The Archer Daniels Midland Company (ADM); Cargill, Inc.; Roquette Freres; Ingredion, Inc.; American International Foods, Inc.; E. I. du Pont de Nemours and Company; and Gulshan Polyols Ltd.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million, and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and MEA

Country scope

U.S., Canada, Germany, U.K., China, South Korea, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global sorbitol market report on the basis of product, application, end use, downstream opportunities, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Liquid

    • Crystal

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Oral Care

    • Vitamin C

    • Diabetic & Dietetic Food & Beverages

    • Surfactants

    • Others

  • End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Personal Care

    • Food

    • Chemical

    • Pharmaceuticals

    • Others

  • Downstream Opportunities Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Ethylene Glycol

    • Propylene Glycol

    • Glycerol

    • Isosorbide

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

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