Pune, India -- (SBWIRE) -- 04/18/2018 -- Market Definition
Sorbitol is kind of sweetener/sugar alcohol extracted from corn syrup and also from fruits such as apple, pear, prunes etc. The demand for sorbitol is high on account of consumer preference for low calorie food and use in organic personal care. Furthermore, the growing demand for sorbitol in cosmetics & personal care, food & beverage, pharmaceuticals and chemicals industries is expected to be one of the major drivers of the market over the next seven years.
Market Analysis
The Global Sorbitol Market accounted for USD 1.08 billion in 2016 and is projected to grow at a CAGR of 5.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Report on the Sorbitol Market 2017 gives the complete description of the market across the globe. The contents that are provided in the report are briefly discussed below.
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Major Market Drivers:
- Consumer preference for low-calorie food
- Rising health problems due to consumption of sugar-based products
- Growing organic personal care market
Restraints:
- Adherence to international quality standards and regulations
This Report Consists of -
- No of pages: 350, No of Figures: 60, No of Tables: 220
Global Sorbitol Market by Product Type, Function, Application, Size, Share, Regions, Key Drivers & Top Players like Archer Daniels Midland, Cargill Incorporation, Danisco A/S and Ecogreen Oleochemicals Pte. Ltd. and Forecasts 2017-2024", also the Global Sorbitol Market accounted for USD 1.08 billion in 2016 and is projected to grow at a CAGR of 5.1% during the forecast period of 2017 to 2024.
Global Company Share Analysis of Sorbitol Market
The global sorbitol market report is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Competitive Landscape of Global Sorbitol Market
The global sorbitol market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Frequently Asked Questions?
- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Sorbitol Market?
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Key Players of Global Sorbitol Market
Some of the major players of the Global Sorbitol Market are
- Archer Daniels Midland
- Cargill Incorporation
- Jeecon Foods Pvt. Ltd.
- Kasyap Sweetners Ltd.
- Merck Group
- Qinhuangdao Lihua Starch Co. Ltd.
- Danisco A/S
- Ecogreen Oleochemicals Pte. Ltd.
- Gujarat Ambuja Exports Ltd.
- Gulshan Polyols Ltd.
- Ingredion Incorporated
- Roquette Frères
- SPI Pharma, Inc.
- Sukhjit Starch & Chemicals Ltd.
- Tereos Starch & Sweeteners and many more.
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Market Segmentation:
The sorbitol market is segmented on the basis of product type into liquid/syrup sorbitol and powder/crystal sorbitol.
On the basis of function, the market is segmented into
- sweetener,
- bulking agent,
- flavoring agent,
- humectant
On the basis of application, the Sorbitol Market is segmented into
- cosmetics & personal care,
- food & beverage,
- pharmaceuticals,
- chemicals
On the basis of geography, the sorbitol market report covers data points for 28 countries across multiple geographies such as
- North America,
- South America,
- Europe,
- Asia-Pacific
- and Middle East & Africa
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Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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