The global sorbitol market size is likely to gain impetus from a rise in demand for digestive and low-calorie products. In a published report by Fortune Business Insights, titled, “Sorbitol: Global Market Analysis, Insights and Forecast, 2019-2026,” the global sorbitol market was valued at US$ 1,244.5 million in 2018. It is projected to reach US$ 1,928.3 million by the end of 2026, exhibiting a CAGR of 5.54% in the forecast period (2019-2026).
Fortune Business Insights has profiled few of the prominent market
players operating in the global sorbitol market:
- Archer Daniels Midland Company
- Lonza Inc.
- Cargill, Incorporated.
- Tate & Lyle
- Ingredion Incorporated
- Merck KGaA
- Tereos Starch & Sweeteners s.a.s
- SPI Pharma
- Roquette Frères
- Pfizer Inc.
- Other Key Market Players
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Applications in Gelatin Capsule and Cosmetic Industry to Boost
Growth of Liquid/Syrupy Sorbitol Segment
The report
classifies the global sorbitol market on the bases of type, application, and
geography. In terms of type, the market is further divided into powder/crystal
and liquid/syrupy formulations. Out of these, the liquid/syrupy formulation of
sorbitol is currently leading the global market. Sorbitol is commercially
marketed in the form of 70% solution that includes polyhydric alcohol with
colorless to faint yellowish appearance. The liquid formulation remains inert
to humidity fluctuations. Furthermore, it is a good water stabilizer and
humectant that enables its application in cosmetic emulsions and gelatin
capsule industry. The aqueous solution acts as a suitable substitute as it
replicates several properties of glycerol and glycols.
Read a Detailed Summary of This Report: https://www.fortunebusinessinsights.com/industry-reports/sorbitol-market-100206
REGIONAL INSIGHTS-
Rapid Growth of Cosmetic and Personal Care Industry to Favor
Growth in Asia Pacific
The global
sorbitol market is geographically segmented into Asia Pacific, the Middle East
and Africa, Europe, North America, and Latin America. Amongst these, Asia
Pacific is dominating the sorbitol market globally. China, being one of the
largest producers of Vitamin C, has been witnessing an increasing demand for
sorbitol. Asia Pacific also possesses the Indonesian market which is the
second-largest producer of sorbitol and starch sweeteners. Combined with the
rapid growth of personal care and cosmetics industry, the region is anticipated
to exhibit a high sorbitol market revenue.
In the
cosmetics industry, sorbitol is one of the strong competitors of glycerin and
propylene glycol as it acts as an emulsion stabilizer as well as a humectant.
This unique property of sorbitol makes it very useful in the production of
shampoos, creams, hair conditioners, and lotions. In North America, the
sorbitol market is performing well due to the U.S. being a market leader. In
the U.S., there is a huge demand for sorbitol due to the persistent usage in
the non-food industries. This in turn, is contributing to a rise in the
sorbitol market sales in North America. It is also extensively used in
oral-care products, especially in toothpaste as sorbitol aids in the prevention
of cavity. That is why, it is being used more for producing sugar-free chewing
gums in this region.
COMPETITIVE LANDSCAPE-
Lupin, Sunar Misir, and Others Focus on Collaboration and
Expansion Programs to Strengthen Positions
Lupin, a
multinational pharmaceutical company headquartered in Mumbai, announced that it
has entered into a definitive distribution agreement with Aptissen S.A., a
company specialized in the development of biopolymer-based medical devices,
based in Switzerland in May 2019. Under this agreement, Aptissen S.A. has
granted Lupin exclusive rights to distribute, sell, and market its current
products in Canada. It also includes the rights to distribute Synolis VA, an
injectable hyaluronic acid gel used to provide fast relief from osteoarthritis
pain. According to the Statistics Canada, more than 10% Canadians between the
age group of 15 or older are affected by osteoarthritis.
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