World Sorbitol Market Expected to Reach Usd 3.99 Billion by 2020 Grand View Research

The global market for sorbitol is expected to reach USD 3.99 billion by 2020, according to a new study by Grand View Research, Inc. Sorbitol is a preferred substitute for sugar in food and beverages owing to lower caloric values and natural sweetening properties. Additionally, increasing health awareness among consumers worldwide is expected to fuel market demand over the forecast period.

Cosmetic and personal care was the largest end use application segment, accounting for over 600 kilo tons of sorbitol demand in 2013. Stabilizing, softening and surface active properties of sorbitol are the key reasons for growing use in the above applications. Sorbitol is also used as a preservative and low calorie sweetener in foods and accounted for over 537.9 kilo tons of sorbitol demand in 2013.

The report “Sorbitol Market By Product (Liquid, Crystal), By Application (Oral Care, Vitamin C, Diabetic & Dietetic Food & Beverages, Surfactants), By End User (Personal Care & Cosmetics, Food, Chemical, Pharmaceutical), Downstream Opportunities (Ethylene Glycol, Propylene Glycol, Sorbitol, Isosorbide) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/sorbitol-market

Further key findings from the study suggest:

• Global sorbitol demand was 1,829.6 kilo tons in 2013 and is expected to reach 2,337.2 kilo tons by 2020 growing at a CAGR of 3.6% from 2014 to 2020.

• Liquid sorbitol is the largest used product, accounting for 1,524.7 kilo tons of demand in 2013, mainly due to simplified production process and low cost in comparison to crystal sorbitol.

• Toothpaste is the fastest growing application segment, at an estimated CAGR of 4.0% from 2014 to 2020 mainly due to sorbitol properties that prevent cavities and tooth decay.

• Asia Pacific was the largest regional market for sorbitol with revenue USD 656.9 million in 2013. China being the largest producer of...