sorbitol market

The global Sorbitol Market is likely to

gain impetus from a rise in demand for digestive and low-calorie products. In a

published report by Fortune Business Insights

, titled, “sorbitol

manufacturers

: Global Market Analysis, Insights and Forecast, 2019-2026,”

 the

global Sorbitol Market was valued at US$ 1,244.5 Mn in 2018. It is projected to

reach US$ 1,928.3 Mn by the end of 2026, exhibiting a CAGR of 5.54% in the

forecast period (2019-2026).

Applications in Gelatin Capsule and Cosmetic

Industry to Boost Growth of Liquid/Syrupy Sorbitol Segment

The report classifies the global

Sorbitol Market on the bases of type, application, and geography. In terms of

type, the market is further divided into powder/crystal and liquid/syrupy formulations.

Out of these, the liquid/syrupy formulation of sorbitol is currently leading

the global market. Sorbitol is commercially marketed in the form of 70%

solution that includes polyhydric alcohol with colorless to faint yellowish

appearance. The liquid formulation remains inert to humidity fluctuations.

Furthermore, it is a good water stabilizer and humectant that enables its

application in cosmetic emulsions and gelatin capsule industry. The aqueous

solution acts as a suitable substitute as it replicates several properties of

glycerol and glycols.

Rapid Growth of Cosmetic and Personal Care Industry to Favor Growth in Asia

Pacific

The global Sorbitol Market is

geographically segmented into Asia Pacific, the Middle East and Africa, Europe,

North America, and Latin America. Amongst these, Asia Pacific is dominating the

Sorbitol Market globally. China, being one of the largest producers of Vitamin

C, has been witnessing an increasing demand for sorbitol. Asia Pacific also

possesses the Indonesian market which is the second-largest producer of

sorbitol and starch sweeteners. Combined with the rapid growth of personal care

and cosmetics industry, the region is anticipated to exhibit a high Sorbitol

Market revenue.

In the cosmetics industry, sorbitol is

one of the strong competitors of glycerin and propylene glycol as it acts as an

emulsion stabilizer as well as a humectant. This unique property of sorbitol

makes it very useful in the production of shampoos, creams, hair conditioners,

and lotions. In North America, the Sorbitol Market is performing well due to

the U.S. being a market leader. In the U.S., there is a huge demand for

sorbitol due to the persistent usage in the non-food industries. This in turn,

is contributing to a rise in the Sorbitol Market sales in North America. It is

also extensively used in oral-care products, especially in toothpaste as

sorbitol aids in the prevention of cavity. That is why, it is being used more

for producing sugar-free chewing gums in this region. 

Lupin, Sunar Misir, and Other Key

Players Focus on Strategic Collaboration and Expansion Programs to Strengthen

Position

Lupin, a multinational pharmaceutical

company headquartered in Mumbai, announced that it has entered into a

definitive distribution agreement with Aptissen S.A., a company specialized in

the development of biopolymer-based medical devices, based in Switzerland in

May 2019. Under this agreement, Aptissen S.A. has granted Lupin exclusive

rights to distribute, sell, and market its current products in Canada. It also

includes the rights to distribute Synolis VA, an injectable hyaluronic acid gel

used to provide fast relief from osteoarthritis pain. According to the

Statistics Canada, more than 10% Canadians between the age group of 15 or older

are affected by osteoarthritis.

Earlier, in September 2018, Sunar Misir, a provider of raw materials with its

products, such as dextrins, glucose, natural starches, glucose-fructose

varieties, corn gluten meal, etc., based in Turkey, announced its plan to

expand the installation capacity of sorbitol and maltitol up to 100,000 tons in

its facility located in Adana, by the end of 2019.

Fortune Business Insights has profiled

few of the prominent market players operating in the global Sorbitol Market.

the report provides an elaborative analysis of the market dynamics and

competitive landscape. Various key insights provided in the report are the

overview of related markets, recent industry developments such as mergers &

acquisitions, the regulatory scenario in key countries, and key industry

trends.

Read More About Press Release:

https://www.fortunebusinessinsights.com/press-release/agricultural-pheromones-market-9079