Sorbitol Market Huge Growth Opportunity by Trend 2020-2027:merica International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont

(CDN Newswire via Comtex)

The global sorbitol market is expected to reach USD 2.18 Billion by 2027, according to a new report by Reports and Data.

Growing inclination towards organic cosmetic products is likely to drive market growth. Sorbitol is used as a humectant as well as a thickening agent, among others, in cosmetics. As a humectant, sorbitol checks loss of moisture by drawing water from the air through osmosis, thus maintaining the moisture level of both the skin and the hair. Moreover, it finds frequent use in gel products, owing to its ability to retain moisture. As a thickening agent, it sees widespread application in the cosmetics, owing to their ability to impart preferred utility features such as viscosity, consistency, or adhesion, to the products.

The report includes the latest coverage of the impact of COVID-19 on the Sorbitol industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

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Key participants include America International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont, Merck KGaA, SPI Pharma, Roquette Freres, Tereos Starch & Sweeteners, Ecogreen Oleochemicals Pte. Ltd., and Gulshan Polyols Ltd., among others.

The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.

For the purpose of this report, Reports and Data have segmented the global Sorbitol market according to Product, Component, Application, End-user, and Region:

Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Liquid Sorbitol
  • Powder Sorbitol

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Sweetener
  • Flavoring Agent
  • Bulking Agent
  • Humectant
  • Others

Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Food & Beverage
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Others

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Further key findings from the report suggest

  • By product type, liquid sorbitol contributed to a larger market share in 2018 and is likely to grow at a rate of 6.1% in the forecast period. The high market demand for liquid sorbitol is owing to its increasing demand as sweetener in the food & beverage and pharmaceutical industry. Besides, economical production cost and ease of use of this product type are responsible for its high market share.
  • By application, sweeter held the largest market share in 2018 and is projected to grow at a rate of 5.1% in the forecast period.
  • By industry vertical, the food & beverage industry dominated the market in 2018 and is forecasted to experience a growth rate of 5.4% in the period 2019-2027. Sorbitol finds extensive application in the food & beverage industry as a sweetener, humectant, and bulking agent, among others....Continued

Key Questioned Answered mentioned in the Report -

  1. What are the products offered by the Sorbitol industry presently?
  2. What are the different applications of the products offered in this market of Sorbitol?
  3. Who could be claimed as the most dominant and influential players in this global industry?
  4. Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?
  5. What can be determined by the trends obtained from the evaluation of the historical data for the Sorbitol industry?

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