The global sorbitol market was valued at USD 1.66 billion in 2022 and is anticipated to experience a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. This growth is primarily driven by the increasing demand for diabetic and dietetic food and beverages. The rising preference for sorbitol as a sugar substitute in consumer food products is also expected to significantly enhance market demand in the coming years. Additionally, sorbitol is being more frequently utilized in oral care products, as it is metabolized more slowly than other sugar alcohols, helping to prevent dental issues like cavities and tooth decay. These advantages are projected to contribute to the industry's growth during the forecast period. Moreover, the trend of relocating production facilities to the Asia Pacific region, where production and labor costs are lower, has led to reduced prices for sorbitol, consequently boosting demand for its non-food applications.
A key factor driving the market is the rising need for nutritive sweeteners within the food and beverage sector. Regulatory approvals from safety organizations such as the FDA and the U.S. Department of Agriculture (USDA) for sorbitol's use in medications and baked goods are expected to further stimulate the market in the United States. Sorbitol is also utilized as a humectant in pharmaceutical products, which supports market growth in the country, home to one of the largest pharmaceutical industries globally. Consequently, the demand for sorbitol is projected to rise throughout the forecast period.
Gather more insights about the market drivers, restrains and growth of the Sorbitol Market
The growing incorporation of sorbitol in chocolates and confectionery products, due to its desirable textural, moisture-retaining, and non-carcinogenic characteristics, is likely to have a positive impact on overall market demand. Sorbitol is chemically stable and relatively inert, making it easy to integrate into various food products without altering recipes adversely. Its unique texture-enhancing qualities have led to diverse applications, including in the cosmetics industry.
Product Segmentation Insights
The liquid segment of the sorbitol market was the most significant, commanding a revenue share of over 76% in 2022. Liquid sorbitol is predominantly utilized as a sugar substitute in both the pharmaceutical and food and beverage sectors. The increasing demand for low-calorie food options, driven by a rise in health-conscious consumers and individuals dealing with obesity worldwide, is expected to significantly enhance the usage of liquid sorbitol in these industries.
On the other hand, crystal sorbitol is extensively employed as a food additive in the production of a variety of products, including frozen raw fish, shrimp balls, roasted fish fillets, dried squid thread, polydextrose (a soluble dietary fiber), chewing gum, and mint tablets. Additionally, it finds application in numerous other frozen seafood products and sugar-free foods. The rising demand for these types of applications, especially in meat products and frozen foods, is projected to boost market growth throughout the forecast period.
Moreover, crystal sorbitol serves as a humectant in various cosmetic formulations, such as moisturizers and face creams, due to its ability to resist microbial degradation and retain moisture effectively. Other notable applications of crystal sorbitol include its role as a plasticizer in the manufacturing of capsule outer shells and as a filler and excipient in pharmaceutical tablet production. Consequently, the anticipated increase in demand for cosmetic products is expected to further enhance the demand for sorbitol in the coming years.
Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.
