Asia-Pacific Sorbitol Market growing with a CAGR of 5.2 % in the forecast period to 2028
Asia-Pacific Sorbitol Market, By Category (Organic and Inorganic), Form (Crystallized, Liquid and Powder), Source (Corn, Wheat, Rye and Others), Function (Humectant, Sweetener, Bulking Agent, Stabilizer, Softener and Emulsifier and Others), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Oral Care, Cosmetics, Industrial Sector and Others), Country (China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Asia-Pacific Sorbitol Market
· The sorbitol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.2% in the forecast period of 2021 to 2028 and is expected to reach USD 905,255.81 thousand by 2028. Rise in demand for low-calorie and low sugar products with increase in awareness regarding the health benefits of sorbitol and increase in demand in various industries act as a driver for the sorbitol market growth.
· Sorbitol is a sugar alcohol found naturally in fruits and plants or derived from starch-rich sources via hydrogenation. Sorbitol has diuretic, laxative, and cathartic properties. Sorbitol has one-third fewer calories and 60% more sweetening activity than sucrose and hence used as an alternative to sugar, especially for diabetic patients. Sorbitol comes in different forms liquid, crystalline, or powder. It is non-carcinogenic and generally odorless. Sorbitol offers various health benefits such as prevent tooth decay, reduce calorie value, prevent diabetes, helps in weight management, and others.
Sorbitol Market Scope and Market Size
· On the basis of category, the sorbitol market is segmented into organic and inorganic. In 2021, the inorganic segment is expected to dominate the sorbitol market ample availability of starch rich sources in the region and increase awareness regarding the health benefits of sorbitol.
· On the basis of form, the sorbitol market is segmented into crystallized, liquid and powder. In 2021, the powder segment is expected to dominate the sorbitol market due to huge requirement by the manufacturers because of its wide application in various industries.
· On the basis of source, the sorbitol market is segmented into corn, wheat, rye and others. In 2021, the corn segment is expected to dominate the sorbitol market due to its cost-effectiveness.
· On the basis of function, the sorbitol market is segmented into humectant, sweetener, bulking agent, stabilizer, softener and emulsifier and others. In 2021, the humectant segment is anticipated to dominate the sorbitol market as it enhances the shelf life and capacity to retain moisture which increases its demand in various industries.
· On the basis of application, the sorbitol market is segmented into food and beverages, animal feed, pharmaceuticals, oral care, cosmetics, industrial sector and others. In 2021, the pharmaceutical segment is anticipated to dominate the sorbitol market due to increased demand for sorbitol to prepare tablets, capsules and other pharmaceutical products and rise in awareness about sorbitol and its health benefits
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Sorbitol Market Country Level Analysis
· The countries covered in the sorbitol market report are the China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, and Rest of Asia-Pacific.
Competitive Landscape and Sorbitol Market Share Analysis
· Sorbitol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Sorbitol market
Major companies which are dealing in the Sorbitol are
· Cargill
· Incorporated
· Ingredion Incorporated
· Roquette Frères
· TEREOS
· ADM
· Kasyap, PT
· Ecogreen Oleochemicals
· Mitsubishi Corporation Life Sciences Limited
· Global Sweeteners Holdings Limited
· Qinhuangdao Lihua Starch Co. Ltd
· Sunar Misir
· The Sukhjit Starch & Chemicals Ltd.
· Gulshan Polyols Ltd.
· MAIZE PRODUCTS
· Tokyo Chemical Industry Co., Ltd.
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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