Indian Sorbitol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Sorbitol, also known as glucitol, is a sugar alcohol which is found in several fresh fruits and berries. It can also be produced industrially by the hydrogenation of glucose. It is lower in calories than sucrose; has exceptional stabilising and texturizing properties; and does not contribute to tooth decay. Owing to these properties, it is extensively used in a wide variety of food products, including sugar-free candies, chewing gums, and foods such as frozen desserts and baked goods. Apart from this, it also finds applications in the pharmaceutical and cosmetic industries. According to IMARC Group’s latest report titled, “Indian Sorbitol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the sorbitol market in India reached a volume of 166 Thousand Metric Tons in 2017, growing at a CAGR of nearly 3.4% during 2010-2017.
In the pharmaceutical sector, sorbitol is used as a preliminary material for ascorbic acid tablets, and in cough syrups for its sweetening properties. It is also used as a laxative since it helps in stimulating bowel movements. Some of its other applications are in the toothpaste, food and confectioneries, and industrial surfactant sectors. Diverse applications of sorbitol represent one of the primary factors that has added to its overall demand. Increase in the cases of diabetes in India remains another force catalysing the market growth. Other growth inducing factors are rising population, elevating incomes and increasing health consciousness in the country. According to the report, the market is further expected to reach a volume of 187 Thousand Metric Tons by 2023.
The report has segmented the Indian sorbitol market on the basis of type, covering crystal sorbitol and liquid sorbitol. Currently, liquid sorbitol accounts for the majority of the consumption in the region. The report has also analysed the market on the basis of states and found that Madhya Pradesh represents the largest producer of sorbitol in India. The report has further analysed the competitive landscape of the market, providing the profiles of the key players.
This report provides a deep insight into the Indian sorbitol industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a sorbitol manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian sorbitol industry in any manner.
What we have achieved in this report:
Comprehensive situation analysis of the Indian sorbitol market and its dynamics
Focus of the analysis:
Historical, current and future trends in production capacity
Historical, current and future trends in production
Historical, current and future trends in demand
Historical, current and future trends in prices
Demand by application sector
Production by region
Consumption by region
Production by type of feedstock (corn, wheat, cassava, etc.)
Key players and their production capacities
Evaluation of various sorbitol feedstocks and their manufacturing process
Focus of the analysis:
Characteristics of various feedstocks used in sorbitol production
Yield of sorbitol and byproducts from various feedstocks
Manufacturing process of sorbitol
Evaluation of major sorbitol manufacturers
Manufacturers covered: Kasyap Sweeteners, Gulshan Polyols, Gayatri Bio-organics and Sukhjit Starch and Chemicals
Focus of the analysis:
Sorbitol production capacity
Information has been sourced from both primary and secondary sources:
Primary sources include industry surveys and face to face/telephone interviews with manufacturers, end-users and industry experts.
Secondary sources include proprietary databases and search engines. These sources include company websites, reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.