According to the recent study the sorbitol marketis projected to grow at a CAGR of 5%-6% from 2020 to 2025. Growth in this market is primarily driven bygrowing demand for organic personal care products, rising consumer preference for low-calorie food, increasing health problems due to consumption of sugar based products.
Browse XX figures / charts and XXtables in this 150 -page report to understand trends, opportunities and forecast in sorbitolmarketby application (cosmetics and personal care, food and beverage, pharmaceuticals, chemicals, and others), product type (liquid and crystal), function (sweetener, bulking agent, flavoring agent, humectant, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
“Liquid market is expected to remain the largest segment during the forecast period.”
Based on product type, the sorbitolmarket is segmented intoliquid and crystal. Lucintel forecasts that the liquid is expected to witness the largest segment over the forecast period due to its lower cost than crystal sorbitol and rising demand for sugar alternatives on account of increasing awareness regarding health.
“Within the sorbitolmarket, the cosmetics and personal care segment is expected to remain the largest application”
Based on application, the cosmetics and personal care segment is expected to witness the largest application over the forecast period due to increasing consumer awareness regarding the benefits offered by naturally-derived ingredients.
“Asia Pacificwill dominate the sorbitolmarket in near future”
Asia Pacificis expected to be the largest region over the forecast periodand it is also expected to witness the highest growth over the forecast period due to low manufacturing costs and demand for personal care products along with the growing pharmaceutical sectors in China and India.