Global Sorbitol Market 2017-2021
Sorbitol, which is also called as glucitol, is a sugar alcohol. It is naturally available in fruits, such as apple, apricot, date, fig, nectarine, and peach. The synthetic way of manufacturing sorbitol is by hydrogenation of glucose. The sorbitol preparations rely on raw materials, such as corn syrup. Sorbitol holds approximately 50% sweetness of sucrose and is used in many applications, such as cosmetics and personal care, food and beverages, chemicals and pharmaceuticals, plastics, biofuels, and paper production, in order to achieve benefits of a humectant and plasticizing.
Technavio’s analysts forecast the global sorbitol market to grow at a CAGR of 5.28% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sorbitol market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sorbitol Market 2017-2021
Technavio recognizes the following companies as the key players in the global sorbitol market: Archer Daniels Midland, Cargill, Ingredion, Roquette, and Tereos.
Other Prominent Vendors in the market are: Gulshan Polyols, Ecogreen Oleochemicals, SPI Pharma, Sigma-Aldrich, and Lihua Starch Beijing.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is shift toward low sugar content food. Sugar has a tendency of stimulating the cancer cells. Awareness about this relation between sugar and cancer is growing among the population. On another hand, avoiding sugar intake leads to stress resulting in blood sugar levels upraise. This is making consumers shift toward low sugar content foods.”
According to the report, one driver in the market is growing food and beverage packaging industry. The processed food and beverage industry accounted for $4.59 trillion in 2016. It is expected to reach $4.68 trillion by 2017. The growth is expected to be approximately 1.5% year on year owing to the benefits of processed foods such as ease to buy, store, and eat. Consequently, this growth is driving the preservatives, such as sorbitol, and packaging markets globally. The global packaged food market reached $2,470 billion in 2016 from $2,350 billion in 2014. Adding on, it is estimated that the total consumption of packaged beverages globally was two trillion liters in 2015.
Further, the report states that one challenge in the market is increasing importance of substitutes. There are many substitutes for sorbitol, namely acesulfame potassium, aspartame, xylitol, and erythritol. The glycemic index, which indicates elevated blood glucose level, is 9 in sorbitol when compared with its substitute erythritol for which it is 0. Sorbitol also has a laxative effect, which leads to increased bowel movements. Adding on, in case of baking, sorbitol has a tendency of degradation at elevated temperatures, whereas, acesulfame potassium does not degrade, resulting in high usage in baking applications.
Archer Daniels Midland, Cargill, Ingredion, Roquette, and Tereos, Gulshan Polyols, Ecogreen Oleochemicals, SPI Pharma, Sigma-Aldrich, and Lihua Starch Beijing.