Food Grade Sorbitol Market Size, Share, Opportunities, And Trends By Application (Sugar-Free Food & Beverages, Pharmaceuticals, Cosmetics, Others), By Form (Powder, Liquid), By End-User Industry (Food & Beverage, Pharmaceutical, Personal Care, Others), And By Geography - Forecasts From 2024 To 2029

Sorbitol is a type of polyol and can also be defined as sugar alcohols or hydrogenated carbohydrates. They are also known to be substitutes for sugar, bulk sweeteners, or sugar-free sweeteners and are found naturally in a variety of fruits. Sorbitol has a variety of applications, which include food applications such as chewing gums, humectants and stabilizers in bakery and pastry products, sweeteners for pharmaceutical drugs, and as a flavouring agent, humectant, and skin conditioning agent for cosmetics.

Introduction:

The food-grade sorbitol market is expected to witness significant growth during the forecasted period of 2024-2029 due to factors such as the increasing awareness of the benefits of sorbitol and the increasing retail sales of confectionery products.

Market Drivers:

• Benefits: Sorbitol is known to provide a wide range of beneficial effects to the human body. Sorbitol is a type of sugar alcohol that is neither sweet nor calorie-dense like sugar. The increasing number of health-conscious consumers in the global market will be the growth driver for the sorbitol market during the forecasted period. due to the awareness of the benefits that sorbitol provides for the human body. Sorbitol is known to have various medical benefits on occasional constipation since the amount of water the intestine absorbs will be increased from the consumption of sorbitol. The major benefits acquired from sorbitol include oral health and blood sugar maintenance.
• Oral Health: Sugar Alcohols are known to be noncariogenic, which assists in the reduction of cavity formations on the teeth. Confectionery products such as chewing gums are known to have a special variety that assists in the protection of the teeth from cavity-causing bacteria by promoting the flow of saliva when combined with the noncariogenic properties of sugar alcohols used in producing sugar-free chewing gum. 
• Blood Sugar: Sorbitol consists of calories in the form of carbohydrates and is known to be slowly and incompletely absorbed from the small intestine. The remainder of the sorbitol in the small intestine further continues to the large intestine, where the metabolism yields fewer calories, leading to reduced insulin secretion and helping keep blood glucose levels lower.
• Growth in retail sales of confectionery products: The growth of confectionery product sales is anticipated to drive the global food-grade sorbitol market growth. Products such as chewing gums are defined to be confectionery items, which is a major user of sorbitol as an ingredient in production. Chewing gums are one of the major growth drivers of sorbitol in the market, with various products already available in the market. Sorbitol is known for assisting in oral care, providing various benefits such as reduced cavity formations on the teeth. As per the Canadian Government’s report on snack products, the confectionery category has experienced an increase in growth from US$34,547.3 million in 2018 to US$44,828.8 million in 2022, with a CAGR of 6.7%. It has also been projected to increase to reach an estimated US$ 59,007.6 million by 2027, with a CAGR of 3.1% from 2023-2027. It was also stated that the expected sales of confectioneries in 2023 accounted for US$48,843.6 million, which is a substantial increase in growth from 2022. The increase in confectionery products during the forecasted period provides the necessary boost for the global food-grade sorbitol market growth.

Key Players:

• Roquette Frères: A global leader that is known for the production of plant-based ingredients and a pioneer of new vegetal proteins. They have operations in more than 100 countries with 30 manufacturing sites and a turnover of 5 billion euros worldwide.
• ADM: One of the global leaders that is known for the production, transportation, processing, storage, and marketing of agricultural products, commodities, and ingredients. They are also known for producing food and beverage ingredients, and other products are made from oilseeds, corn, and other agricultural commodities.

Regional Analysis:

The North American region is expected to witness significant growth in the food-grade sorbitol market during the forecasted period of 2024-2029. Sorbitol is known to be used as a humectant and stabilizer in bakery and pastry applications due to its moisture-maintaining properties and shelf-life-extending properties in several bakery food products. Owing to its wide usage in the bakery and pastry applications, the North American region is expected to have an increasing food-grade sorbitol market growth. The United States has the largest bakery industry when compared to the rest of the world since the bakery industry in the US contributes to the total GDP of the country.

As per the report created by the Canadian Government, baked goods retail sales in the US experienced a compound annual growth rate (CAGR) of 5.9% from 2018 to 2022, reaching an estimated US$82.9 billion in 2022. It has also been projected that the bakery goods retail sales will increase to reach US$97.7 billion by 2027, with a CAGR of 3.1% between 2023-2027. Baked products such as cakes, frozen baked goods, and pastries drive the growth of food-grade sorbitol in the baking industry.

Additionally, the report also mentions the increase in sales of cakes, frozen baked goods, and pastries in the baking industry, which accounted for an increase from US$20,385.3 million, US$2,256.5 million, and US$15,541.8 million in 2018 to US$25,816.6 million, US$1,941.4 million, and US$19,747.4 million in 2022 respectively. The increase in sales of cakes, frozen baked goods, and pastries has been projected to reach an estimated US$31,163.1 million, US$2,867.0 million, and US$23,793.0 million by 2027, respectively.  Therefore, the relevance of the baking industry in the United States, coupled with the increase in sales of bakery products such as cakes, frozen baked goods, and pastries, is expected to drive the food-grade sorbitol market during the forecasted period of 2024-2029.

Segmentation:

• By Application:
  • Sugar-Free Food & Beverages
  • Pharmaceuticals
  • Cosmetics
  • Others
• By Form:
  • Powder
  • Liquid
• By End-User Industry:
  • Food & Beverage
  • Pharmaceutical
  • Personal Care
  • Others
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others