Expert Market Report’s new report titled ‘North America Sorbitol Market Report and Forecast 2021-2026’, gives an in-depth analysis of the North America Sorbitol Market, assessing the market based on its segments such as applications and end uses. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 46 million USD
- Forecast CAGR (2021-2026): 3%
- Projected market size (2026): 3 billion USD
The North America sorbitol market is driven by the country’s ever-changing food and beverage industry, with customers seeking products with less or no sugar. Obesity is estimated to affect about 37.7% of the US population in 2017. The government is trying to discourage people from buying items high in sugar in order to combat the rising obesity rate in the US population. country. Wide applications of polyol in diet sodas and sugar-free juices, and government policies such as sugary drink tax or soda tax in major US cities are driving the growth of sorbitol market. The sorbitol market is also propelled forward by the improving economy and the expected increase in the region’s high-income population. Polyols are expected to grow in unison with the steady growth expected in the region in the oral care segment, as they are frequently used as a sweetener in toothpastes. North America is the largest cosmetics market in the world, and the industry is expected to continue growing over the next few years, increasing the market for sorbitol. The consumption of high-end and organic cosmetics is increasing due to higher disposable income, which benefits the market. Due to its increasing use in the personal care and pharmaceutical industries in the United States, the expected growth in the polyol industry will also benefit the North American sorbitol market.
Industry definition and major segments
Sorbitol, like xylitol and mannitol, is a sugar alcohol classified as a polyol. It is present in a range of foods, including apples and peaches, as well as plants, including seaweed and corn. Chemically, it can be produced by hydrogenating D-glucose to form D-sorbitol. Polyol is available in two forms: liquid and powder. Sorbitol is used as a sweetener, humectant, stabilizer, emulsifier and softener in household and personal care products. In addition, it is used to prevent toothpaste from drying out.
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By End Use, the market is split into:
By application, industry is categorized into:
- Pastry shop
- Frozen food
- Food supplements
- Cosmetics and personal care
The United States dominates the sorbitol market in North America and is the second largest sorbitol producer in the world, behind China. Currently, polyol is obtained only from corn in the United States. As a result, the sorbitol market in the country is highly dependent on the climate in which corn is grown. The United States is the world’s largest corn producer, accounting for about 36% of global corn production. Between 2017 and 2018, the country produced 371 million metric tons of corn. Despite the fact that the raw material used to produce sorbitol depends on the availability of particular raw materials such as corn, wheat or cassava, corn remains the most widely used raw material in the world. Between 2017 and 2018, global corn production totaled approximately 1,045 million metric tons. Production is expected to increase steadily over the next few years, giving a boost to the global sorbitol sector.
Globally, sorbitol is primarily used in toothpastes, meals, and beverages. Moreover, it is widely used in the manufacture of vitamin C. During the forecast period, the end-use category of toothpastes is expected to grow rapidly, especially in emerging countries. As awareness of sugar-related health risks such as obesity and type 2 diabetes increases, the sorbitol industry stands to benefit from its use as a sugar substitute. According to the WHO, approximately 13% of the world’s population was obese in 2016 and the prevalence of type 2 diabetes has increased significantly over the past three decades. The United States is a major producer and consumer of sorbitol globally. Along with China, India, Germany and Indonesia, the country exports excess production, making it a major exporter of polyols. In the United States, the sorbitol industry is highly concentrated, with the three largest companies accounting for over 90% of total sorbitol production.
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Main market players
The major market players are Roquette Frères SA, Cargill, Incorporated, Ingredion, Incorporated, Archer Daniels Midland Company, Tereos Starch & Sweeteners, among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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