The global Sorbitol market size is expected to be worth around US$ 2.50 billion by 2030, according to a new report by Vision Research Reports.
The global Sorbitol market size was valued at US$ 1.50 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.
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The increasing awareness regarding the health and digestive benefits associated with the rising geriatric population, increasing demand for non-medical dietary supplements, and technological advancements in the processing of these products are driving the demand for sorbitol-based products, consequently aiding the growth of the market over the forecast period.
The market growth is expected to be fueled by the increasing demand for the product for use in the manufacturing of various food and beverages, such as fruit juice, candies, and chocolates. Moreover, vitamin C is synthesized using sorbitol as the product is one of the building blocks in the manufacturing process. Vitamin C is also used for the production of which is expected to grow at a high rate over the forecast period, resulting in the high growth of the market. The rise in the number of gym-goers, coupled with the increasing awareness regarding health and fitness, has positively affected the demand for nutritional drinks, thus has increased the demand for specialty ingredients across the world.
Key PlayersAmerican International Foods, Inc. ADM Cargill Incorporated DuPont Gulshan Polyols Ltd. Merck KGaA Ecogreen Oleochemicals GmbH Qinhuangdao Lihua Starch Co., Ltd. Roquette Frères SPI Pharma Tereos Ingredion Incorporated Kasyap Sweeteners, Ltd.
Market SegmentationProduct Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028) Liquid Crystal Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028) Oral Care Vitamin C Diabetic & Dietetic Food & Beverage Surfactant Others End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028) Personal Care Chemical Food Pharmaceuticals Others Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028) North America U.S. Canada Mexico Europe Germany U.K. France Asia Pacific China India Japan Australia Thailand Central & South America (CSA) Brazil Middle East & Africa (MEA) Saudi Arabia Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/37616 or call: +1 9197 992 333 In this study, the years considered to estimate the market size of Sorbitol are as follows: Historic Year: 2017-2020 Base Year: 2021 Forecast Year 2021 to 2030
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The study objectives of this report are:To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030); Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future. Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players To define, describe and forecast the market by type, application and region. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. To identify significant trends and factors driving or inhibiting the market growth. To analyze the opportunities in the market for stakeholders by identifying the high growth segments. To strategically analyze each submarket with respect to individual growth trend and their contribution to the market To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market To strategically profile the key players and comprehensively analyze their growth strategies. Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/37616 or call: +1 9197 992 333