The global sorbitol market is expected to reach USD 2.18 Billion by 2027. Increasing inclination towards organic cosmetic products is anticipated to drive industrial growth. Sorbitol is used in cosmetics as a humectant as well as a thickening agent, among others. As a humectant ingredient, it checks the moisture loss by drawing water from the air through osmosis, therefore maintaining both the skin and the hair’s moisture level. Moreover, it gains frequent use in gel products, owing to its capacity to retain moisture. It is used widely in cosmetics as a thickening agent due to its ability to give favored features such as consistency, viscosity, or adhesion to the products.
The surging growth of the food & beverage is playing a significant role in boosting industrial demand. Sorbitol also finds usage in the making of baked goods, confectionery, and chocolate, wherein the manufactured goods tend to harden or become dry owing to their property to retain the product’s moisture content. Its moisture-stabilizing features help maintain the initial freshness of the manufactured goods during storage, thereby increasing their shelf life. Additionally, sorbitol is very stable as it can bear high temperatures. It is compatible with other food ingredients, including sugars, gelling agents, proteins, and vegetable fats, as well as other kinds of sweeteners.
Furthermore, the increasing demand for sorbitol in personal care products is expected to impact industrial growth. It is mostly in toothpaste and mouthwash products as a moistener as well as a binding agent.
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The COVID-19 impact: COVID-19 is expected to have a moderate impact on the industry. The global production has suffered immensely due to the imposition of lockdown and social restrictions. With most economies, particularly in the Asian region crippled, the industry is projected to witness disruption in the supply chain. COVID-19 can affect the global economy in three main ways: by creating supply chain and market disruption, by directly affecting production and demand, and by its financial impact on firms and financial markets. With the ease of restrictions and government initiatives to start economic activities, countries can hope for the industry’s imminent recovery.
Further key findings from the report suggest
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Product Outlook (Revenue, USD Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
Function Outlook (Revenue, USD Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
End Use Outlook (Revenue, USD Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
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Table of Content:
1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique 2. Executive Summary 2.1. Summary Snapshot, 2017 – 2027 3. Indicative Metrics 3.1. Macro indicators 3.1.1. Covid-19 Impact Assessment 3.1.1.1. Impact on Global Trade 3.1.1.2. Shutdown of Factories 3.1.1.3. Shortage of Labor Workforce 3.1.1.4. Sorbitol Market in Covid-19 3.1.1.5. Demand and Supply Scenario 3.1.1.6. Supply Chain Stabilization 3.1.2. Reports and Data Analysis 3.1.2.1. Upcoming Strategies Required to Combat the Current Situation 3.1.2.2. Alternative Availability of Suppliers 3.1.2.3. Customer Mapping 4. Sorbitol Market Segmentation & Impact Analysis 4.1. Sorbitol Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators Analysis 4.2.2. Market Drivers Analysis 4.2.2.1. Rising Consumer Preference for Low-Calorie Food 4.2.2.2. Increasing Health Problems Due to Consumption of Sugar-Based Products 4.2.2.3. Growing Organic Personal Care Market Is Expected to Fuel the Demand of Sorbitol in Cosmetics & Personal Care Products 4.2.3. Market Restraints Analysis 4.2.3.1. Adherence to international Quality Standards and Regulations 4.2.4. Market Opportunities Analysis 4.2.4.1. Growing Demand from Food & Beverage industry in Emerging Markets 4.2.4.2. Fluctuations in Price
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10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Mergers & Acquisitions 10.3. Market Positioning 10.4. Strategy Benchmarking 10.5. Vendor Landscape
11. Company Profiles 11.1. Roquette Frères 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Product insights 11.1.4. Strategic initiatives 11.2. Cargill incorporation 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Product insights 11.2.4. Strategic initiatives 11.3. Archer Daniels Midland (ADM) 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Product insights 11.3.4. Strategic initiatives 11.4. Ingredion incorporated 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Product insights 11.4.4. Strategic initiatives 11.5. Tereos Starch & Sweeteners 11.5.1. Company Overview
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