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