Sorbitol, also known as glucoside, is a sugar alcohol that can be slowly metabolized by the human body. Its structure is similar to that of monosaccharides, and it is obtained by reducing the aldehyde group on glucose to a hydroxyl group. In nature, sorbitol and galactose are present together in certain algae, such as the genera Ginkgo biloba and Spirulina. Whether as a chemical raw material or a food and pharmaceutical excipient, sorbitol plays an important role in our daily lives due to its high efficiency and safety characteristics.
Overview of Market Development
According to our research data, the global sorbitol market size is expected to reach $2365 million in 2024. In the future, with the continuous advancement of technology and continuous innovation of products, the application fields of sorbitol are expected to further expand, and market demand will continue to grow. It is expected that by 2029, the global market size of sorbitol will increase to $3124 million.
Analysis of Market Competitive Landscape
Research has shown that the concentration of the global sorbitol market is moderate. The data shows that the total revenue of sorbitol of the top 3 companies in 2024 is estimated to be $802 million, with an estimated total revenue share of 33.91%; The total revenue of sorbitol of the top 6 companies is estimated to be $1104 million, with a total revenue share of 46.67%.
The global sorbitol market presents a diversified competitive landscape. There are a large number of suppliers in the market, including well-known enterprises such as Roquette Freres and Shandong Lujian Biological Technology. These enterprises gain competitive advantages by improving product quality, reducing costs, and exploring new markets. Meanwhile, with the expansion of market size, more and more enterprises are entering the field of sorbitol production, and market competition is becoming increasingly fierce.
Global Sorbitol Market Size and Competitive Landscape Forecast
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, according to different physical states, sorbitol can usually be divided into two categories: crystalline sorbitol and liquid sorbitol. Among them, liquid sorbitol occupies a larger market share. According to our data, the global liquid sorbitol segment market is expected to reach a size of $1417 million in 2024, with an estimated market share of 59.98%.
From the perspective of application fields, as a natural sweetener with low calorific value, low sugar, and low energy, sorbitol has been widely used in various fields such as food, pharmaceuticals, cosmetics, chemicals, and candy industry. Among them, the cosmetics industry is the largest downstream application market, with an estimated application share of 21.96% in 2024.
Global Sorbitol Market Size and Market Share by Type and Application Forecast
in 2024
|
|
Market Size (Million USD)
|
Market Share
|
|
Segmented by Type
|
|
Crystalline Sorbitol
|
948
|
40.08%
|
|
Liquid Sorbitol
|
1417
|
59.98%
|
|
Segmented by Application
|
|
Cosmetics
|
519
|
21.96%
|
|
Chemicals
|
406
|
17.18%
|
|
Food
|
497
|
21.03%
|
|
Candy
|
185
|
7.82%
|
|
Pharmaceuticals
|
422
|
17.85
|
|
Others
|
336
|
14.16%
|
Source:
www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Sorbitol Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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