Global Sorbitol Market Analysis, Size, Growth, Share and Forecast to 2020: Hexa Research

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Date Submitted: 06/28/2016 12:15 AM

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Global sorbitol market size is expected to reach 2.34 million tons by 2020, growing at a CAGR of 3.6% from 2012 to 2020.

Increasing consumer awareness regarding the benefits offered by naturally derived ingredients is expected act as a favorable factor supporting sorbitol market growth over the next six years. It is found in a wide range of foods including pears, apples, peaches and prunes. It is used as thickening and sweetening agent in manufacturing personal care products such as skin creams, mouthwash, toothpaste and chewing gums.

Rising consumer awareness regarding health and safety risks posed by synthetically derived personal care products is expected to drive market growth. Growing organic personal care market is expected to fuel sorbitol demand in cosmetic products. Global organic personal care market was valued at USD 8,433.9 million in 2013 and is expected to reach USD 15,977.5 million by 2020, growing at a CAGR of 9.5% from 2014 to 2020.

Increasing artificial sweeteners demand owing to growing number of diabetic cases globally is expected to positively influence demand. It is also widely employed in frozen desserts for diabetic patients as it is slowly absorbed by the intestine and is metabolized into fructose. It is approximately 60% as sweet as sucrose; however it contains one-third fewer calories. It does not cause tooth decay and is largely employed in various sugarless products including sugarless candies and gums.

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Growing domestic demand for foods & beverages in emerging markets of BRICS is anticipated to have a positive impact on global food & beverage industry. Increasing number of cafes, restaurants and bistros globally is likely to propel demand. It is used as a flavoring and bulking agent in the food & beverage industry.

Presence of favorable government regulations in various regions is anticipated to propel sorbitol market growth up to 2020. It...