Sorbitol Market Size, Share & Trends Analysis Report By Product (Liquid, Crystal), By Application (Oral Care, Vitamin C, Surfactant), By End-use (Personal Care), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the sorbitol market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for sorbitol market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of sorbitol market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Sorbitol Market Categorization:

The sorbitol market was categorized into four segments, namely product (Liquid, Crystal), application (Oral Care, Vitamin C, Diabetic & Dietetic Food & Beverage, Surfactant), end-use (Personal Care, Chemical, Food, Pharmaceuticals), region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The sorbitol market was segmented into product, end-use, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The sorbitol market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into thirteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; China; India; Japan; Australia; Thailand; Brazil; Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Sorbitol market companies & financials:

The sorbitol market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• American International Foods, Inc. - Based in Chicago, U.S., American International Foods, Inc. is a company that specializes in the supply chain of food ingredients. The firm offers a wide array of products such as acidulants, amino acids, chemicals & processing aids, dairy items, eggs, fruit concentrates & puree, hydrocolloids, oils, proteins, salts & spices, sweeteners, and vitamins & nutraceuticals. One of the products it provides under its sweeteners & food ingredients business segment is sorbitol. The sweeteners and food ingredients that the company offers find their use in a variety of applications. These include baking, meat processing, candy & confectionery, custom blending, fruit & vegetable processing, flavoring, brining & pickling, sauce & dressing, beverages, and dairy products in the food & beverage industry. The distribution centers of the company are strategically located across the U.S.

• ADM - Founded in 1923 and based in the U.S., Archer Daniels Midland (ADM) came into existence following the acquisition of Midland Linseed Products Company by Archer Daniels Linseed Company. This agro-centric firm is known for its expertise in milling, processing, specialty feed ingredients, specialty food ingredients, cocoa, and nutrition. The company's operations are divided into four business segments, which include oilseeds processing, corn processing, agricultural services, and WILD flavors & specialty ingredients. As part of its corn processing segment, the company produces two types of polyols, specifically sorbitols and maltitol. As of 2016, the company boasted a workforce of over 33,000 individuals who catered to customers in 140 countries. The company's infrastructure includes 460 crop procurement locations, 300 ingredient facilities, 40 innovation centers, and a robust crop transportation system.

• DuPont - Known as E. I. du Pont de Nemours and Company or DuPont, this multinational corporation based in the U.S. is engaged in the production and sale of a broad spectrum of chemicals. With its headquarters in Delaware, U.S., the company caters to its clientele through several business divisions, which include coatings and color technologies, safety and protection, performance materials, electronic and communication technologies, and agriculture & nutrition. The agriculture & nutrition sector of the company is involved in the manufacturing and distribution of maltitol. DuPont's production facilities serve customers in more than 90 nations and are strategically located in various regions of the U.S., China, and India.

• Gulshan Polyols Ltd. - Established in 1981 under the name Gulshan Sugars & Chemicals Ltd., Gulshan Polyols Ltd. is currently based in India. The company's main area of business is the production of precipitated and activated grades of calcium carbonate. It has a specialization in the production of specialty chemicals, which fall under two major business categories, namely starch derivatives and calcium carbonate. The starch derivatives section of the company is responsible for the production of sorbitol and liquid glucose. These products are used in a variety of industries such as food & beverage, cosmetics, textiles, confectionery products, and paper.

• Merck KGaA - Founded in 1668 and based in Germany, Merck KGaA is a global entity specializing in chemicals, pharmaceuticals, and life sciences. One of its subsidiaries, Merck Millipore, is known for its expertise in sorbitol production. This subsidiary also produces and provides a variety of products such as dextrose, maltitol, and other lab chemicals for diverse applications, including research, the science industry, and sampling products & services. In a strategic move to expand its life sciences business, Merck acquired Sigma Aldrich for a whopping USD 17.0 billion in December 2014. This acquisition was also intended to broaden its global distribution network. Sigma Aldrich, currently headquartered in the U.S., was formed in 1975 as a result of a merger between Sigma and Aldrich Chemical Companies. As a life science technology firm, it manufactures a wide array of chemical and biochemical products. These products find use in several applications such as scientific research, biotechnology, pharmaceutical development, disease diagnosis, and high-tech manufacturing. Besides manufacturing, the company also supplies a plethora of chemicals and boasts a vast distribution network worldwide. Various grades of sorbitol are also supplied actively by the company.

• Ecogreen Oleochemicals GmbH - Ecogreen Oleochemicals GmbH, established in 1990, has its headquarters in Singapore and is a producer of various chemical compounds. These include fatty acids, oleyl alcohols, refined glycerin, primary fatty amine, fatty acid esters & specialty esters, lubricant specialties, fatty alcohol ethoxylates, anionic surfactants, and sugar alcohols. The company, under its sugar alcohols business division, produces different grades of sorbitols that find applications in food, cosmetics, pharmaceuticals, and other industries. Operating as DHW Deutsche Hydrierwerke GmbH Rodleben in Germany, the company has manufacturing facilities for the production of unsaturated fatty alcohols (oleyl alcohols), sorbitol powder, primary fatty amines, and specialty esters.

• Qinhuangdao Lihua Starch Co. - Established in 1998 and based in Heibei, China, Qinhuangdao Lihua Starch Co., Ltd. is amongst the top-tier corn processing companies. The firm boasts an annual corn processing capacity of 400,000 tons of corn starch and 100,000 tons of sorbitol. It produces food additives such as dextrose monohydrate, maltodextrose, corn starch, sorbitol, and dextrose. Its products are distributed across various markets in Asia, Europe, the Americas, the Middle East, Africa, and Oceania regions. Major suppliers include various food businesses including Nestle, Unilever, Mars, and Mondelez.

• Roquette Frères - Established in 1933, Roquette Frères started as a potato starch manufacturing plant with its headquarters in France. The family-owned company is engaged in producing over 650 products based on starch extracted from corn, wheat, potatoes, and peas. It primarily caters to the demand for starch in Europe and has a wide clientele base in various industries including food, pharmaceuticals, biochemical, and animal nutrition. The company offers a diverse range of polyols (sugar alcohols) in niche applications including non-carcinogenic confectionery as sweeteners and cosmetology as humectants.

• SPI Pharma - Founded in 1940, SPI Pharma has its corporate headquarters in India. The firm provides a variety of excipients, which include effervescent powders, powders of fructose and maltose, liquid and powdered sorbitol, lubricants, mannitol, as well as specialized binders and buffers. The company also caters to the pharmaceutical, nutraceutical, and animal feed markets with tailor-made solutions. It supplies an array of specialty plasticizers, including those based on sorbitol, for use in soft gelatin capsules. Furthermore, it provides active antacid ingredients such as CoBlend suspension products, DC powders, dried gels of aluminum hydroxide, pastes of magnesium hydroxide, and products and solutions that support vaccines.

• Tereos - Tereos Syral, a company established in the year 1999, has its main office in France. It is engaged in the production of sugar, starch, and bioethanol. Its subsidiary, Syral, is known for manufacturing a wide variety of native starches; starch sugars such as glucose syrup, maltodextrose, and dextrose; and polyols like maltitol and sorbitols, which are extracted from corn starch and potato starch. Tereos operates 35 industrial sites situated in countries like France, Brazil, the Czech Republic, Mozambique, Reunion, Spain, Italy, the UK, and Belgium. As of 2017, the company employed a global workforce of 17,000 people.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Sorbitol Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Sorbitol Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.