The Global Sorbitol Market 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.
In depth research report on 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 Vitamin C, a key application of sorbitol, has
resulted in highest demand in the region. In addition, the region is also expected
to witness fastest growth, at an estimated CAGR of 4.1% from 2014 to 2020.
•
Cosmetic and personal care
along with chemical applications are expected to witness fastest growth at an
estimated CAGR of 3.8% from 2014 to 2020.
For the purpose of this study,
Grand View Research has segmented the global sorbitol market on the basis of
product, application, end use application and region:
Sorbitol Product Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2020)
•
Liquid/Syrup sorbitol
•
Crystal/Powder sorbitol
Sorbitol Applications Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2020)
•
Toothpaste
•
Vitamin C
•
Diabetic and Dietetic Food and
Beverage
•
Surfactants
•
Others
Sorbitol End Use Applications Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
•
Cosmetic and Personal Care
•
Chemical
•
Food
•
Pharmaceutical
•
Others
Sorbitol Downstream Opportunities Outlook
•
Ethylene Glycol
•
Propylene Glycol
•
Glycerol
•
Isosorbide
Sorbitol Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2020)
•
North America
•
Europe
•
Asia Pacific
•
RoW
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment