Pune, India -- (SBWIRE) -- 06/20/2019 -- The demand for confectionery & packaged products is likely to drive the sorbitol market, says fortune Business insights in report "Sorbitol Market Size, Share and Global Trend by Form (Liquid, Crystalline), Source (Corn, Wheat, Potato, Cassava), Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals) and Geography Forecast till 2026". Increase in health-conscious consumers and rising incidence of debates is likely to drive the sorbitol market, says fortune Business Insights.

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Cargill, ADM, and Roquette Frères are the largest market players account for major share in the sorbitol market, and other key players include
- SPI Pharma Inc.
- Ingredion Inc.
- Tereos Starch & Sweeteners s.a
- Pfizer Inc.
- SPI Pharma
- Lonza Inc.
- Merck KGaA
- Tate & Lyle, and others.
Rising Awareness for Nutrition-based products to enhance the growth of Sorbitol Market

Advantages of sorbitol as an ingredient in dietary foods and beverages are expected to contribute to the global sorbitol market. The use of sorbitol as an effective sugar substitute due to its low-calorie content and the rise in health-conscious consumers are likely to drive the market. Sorbitol is also utilized for pharmaceutical purposes as a sugar substitute and in cosmetics as a humectant.

The sorbitol market comprises of raw material suppliers, product manufacturers, circulation, and distribution channels and end-user applications. Growing concerns related to adverse health effects caused due to quality of processed foods like bread rolls, frozen desserts, cakes pastries, and chocolates, are predicted to encourage the use of sorbitol as it improves the shelf life of such food items.

Use of Sorbitol in Liquid Form by Pharmaceutical Industries to Boost the Global Sorbitol Market

The sorbitol market can be into divided into two categories, liquid, and crystal. Liquid sorbitol is mostly used as an alternative for sugar in F&B and pharmaceuticals. Hence the rising demand for sugar substitutes alongside the rising awareness about low-calorie intake is likely to stimulate market growth for liquid sorbitol in the coming years. Moreover, the low production cost of liquid as compared to the crystal form is likely to attract purchasers, thus expanding the segment and market growth.

On the other side sorbitol in crystal form is used as a food preservative in mint tablets, chewing gums, polydextrose, and other sugar-free food items including dried squids, roasted fish fillet, shrimp ball, frozen raw fish and numerous other marine foods. Increasing demand for packaged food, especially frozen foods and meat products, in China and India is expected to encourage the segmented growth in forthcoming years.

Increase in awareness about dietary foods and their nutritional advantages is also likely to have a positive effect on the market in the near future. Additionally, rising demand for low calorie and sugar-free foodstuffs and the increasing prevalence of diabetes are expected to boost the market further. The biochemical industry accounted for a major share in the global market. On the contrary, being sugar alcohol, the product is predicted to be a provisional channel in the production of numerous products, such as biofuels and rocket fuel.

Asia-pacific Forecast to Exhibit High Demand for Sorbitol

The annual production of Sorbitol is estimated at around 1.5 to 1.6 million ton every year. The Asia Pacific is likely to exhibit high demand for sorbitol, especially across several key end-use industries. The liquid form of sorbitol reflects the majority of market shares, however, there are also companies that are focusing on the production of the crystal sorbitol.

Cargill, ADM, and Roquette Frères are the largest market players accounting for major share in the global sorbitol market, and other key players include SPI Pharma Inc., Ingredion Inc., Tereos Starch & Sweeteners s.a.s, Pfizer Inc., SPI Pharma, Lonza Inc., Merck KGaA, Tate & Lyle, and others.

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