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(CityRegions.Com, May 11, 2018 ) The global market for sorbitol is expected to reach USD 1.28 billion by 2023, registering a CAGR of 5.5%, during 2018-2023 during the forecast period. Merck, one of the leading sorbitol manufactures, developed directly compressible sorbitol Parteck® SI. The unique particle structure of Parteck® SI gives it distinctive physical properties, making it the perfect excipient for combining many ingredients into one elegant and robust tablet formulation.
Growing Demand for Artificial Sweeteners
Sorbitol is majorly used as a sweetener or moisture-stabilizing agent in the production of confectionery, baked goods and chocolate, among many other products. The moisture-stabilizing action of this substance makes it a preferable choice for products that get dry or harden faster, thus, maintaining freshness during storage. Sorbitol can withstand high temperatures and can combine well with other food ingredients such as gelling agents, fats and sugars.
Sorbitol is used to impart taste and sweetness. Increased applications of sorbitol in the food industry has augmented the market of non-calorie sweetener. Increasing health awareness, and rising sugar prices are pushing the manufacturers to reduce the sugar usage. Demand for sorbitolfrom major countries in the region like Japan, China, and South Korea is also fueling the overall market.
Food application of sorbitol includes bakery, confectionary, dairy, meat and other processed foods. Chewing gums in confectionary is one of the major segments where sorbitol mostly is used. Sorbitol is certified as GRAS (generally recognized as safe) by the FDA. However, the certification do limit the amount of sorbitol that can be used in food; further, food containing an excess of 50 grams of it must be labeled with: “Excess consumption may have a laxative effect.”
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Asia-Pacific is the Fastest Growing Market
Consumption of sorbitol in other countries of the region, like India, Japan and Australia, is expected to grow at a steady rate due to the increasing diabetic and obese population and growing demand from the food and beverage industry. High obesity and diabetes rates in South America region is pushing the awareness and growth of the sugar alcohol products. Sorbitol is expected to perform well in the region. Africa is one of the emerging markets, dominated by the developing countries such as South Africa and Egypt. Although, it is in its nascent stage, it is expected to grow at a faster pace during the forecast period.
MAJOR PLAYERS: AMERICAN INTERNATIONAL FOODS, ARCHER DANIELS MIDLAND (ADM), CARGILL, DANISCO, GULSHAN POLYOLS LTD., INGREDION INCORPORATED, JEECON FOODS PVT. LTD., MERCK, ROQUETTE and SPI PHARMA INC., amongst others.
Browse complete report with table of content and list of figures@ http://orbisresearch.com/reports/index/global-sorbitol-market-analysis-of-growth-trends-and-forecasts-2018-2023
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Table of Content
1. Introduction
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Market Overview
2.1 Market Trend
3. Market Overview
3.1 Market Dynamics
3.1.1 Drivers
3.1.1.1 Expanding Health Problems Due to Consumption of Sugar-Based Products
3.1.1.2 Rising Demand for Low-Calorie Food
3.1.2 Restraints
3.1.2.1 Stringent Regulatory Environment
3.1.2.2 Side Effects of Sorbitol
3.1.3 Porter's Five Forces Analysis
3.1.3.1 Bargaining Power of Suppliers
3.1.3.2 Bargaining Power of Buyers
3.1.3.3 Threat of New Entrants
3.1.3.4 Threat of Substitute Products & Services
3.1.3.5 Degree of Competition
Continued
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