The global Sorbitol market is estimated to be valued at US$ 1.89 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
Sorbitol is a sugar alcohol that is commonly used as a food additive. It has roughly half the sweetness of sucrose and is often used to replace sugar or artificial sweeteners in foods where moisture retention is important. Some key properties of sorbitol include being non-cariogenic, low caloric, and not readily absorbed in the small intestine. These properties make it suitable for use in diabetic and dietetic foods, oral care products, de-icing solutions, and more. The global market has witnessed rising demand due to increased product applications across various industries like food and beverage, pharmaceuticals, personal care, and others.

The Global Sorbitol Market is estimated to be valued at US$ 1.89 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Sorbitol Market Growth are American 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., Vizag Chemicals, CDH Fine Chemical, Gayatri bioorganics, and Silverline Chemica. The key players are focusing on strategic partnerships and collaborations to expand their product offerings.

The global sorbitol market is expected to witness significant growth due to rising demand from the food and beverage industry. Sorbitol is widely used as a sugar substitute and humectant in various food and beverage products. Increasing health consciousness among consumers is also driving the demand for low calorie and sugar-free products.

Geographically, the Asia Pacific region is expected to be the fastest growing market for sorbitol during the forecast period. This is mainly attributed to the growing processed food sector and increasing demand from countries like China, India and Japan. Other regions like North America and Europe will continue to dominate the market with their developed food processing industries and high per capita incomes.

Market Drivers

The primary driver fueling the growth of the global sorbitol market is increasing health awareness among consumers. Sorbitol has become a preferred sugar substitute for diet food products due to its low calorific value and non-cariogenic properties. The rising prevalence of lifestyle diseases has pushed consumers towards low sugar alternatives.

Secondly, the versatility of sorbitol allows it to be used in a wide range of industrial applications. Apart from food, it is also used in the manufacturing of personal care & oral care products, de-icing solutions, and pharmaceuticals. The demand from these industries has been driving consistent growth of the sorbitol market over the last few years.

The current geopolitical situation is impacting the growth of the Sorbitol market in several ways. Conflicts and economic instability across key producing and consuming regions like Europe are disrupting supply chains and hampering access to raw materials. Ongoing conflicts have also led to spikes in energy and transportation costs globally, increasing the operating expenses for Sorbitol producers. This is putting upward pressure on Sorbitol prices and dampening demand growth from price-sensitive end-use industries like food and beverage.