Article -> Article Details
| Title | Sorbitol Market Analysis, Growth rate, Global Trends, Price and Forecasts to 2027 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Sorbitol Market |
| Owner | akshay |
| Description | |
| A recent analysis by Reports and Data forecasts
that the worldwide market value of sorbitol is projected to exceed USD 2.18
billion by 2027. The growth of the industry is projected to be driven by a
growing preference for organic cosmetic products. Sorbitol, also known as
glucitol, is used as a moisture or humectant retaining part as well as a
thickening agent, among others, in cosmetics. As a humectant, by removing water
from the air through osmosis, it limits moisture loss, preserving the moisture
level of both the skin and the hair. In addition, because of its capacity to
maintain moisture, sorbitol is commonly used in gel products. Thanks to its
ability to relate preferred characteristics such as viscosity, durability, or
adhesion to products, it is used as a thickening agent in cosmetics. Get a Sample copy of
the Report @ https://www.reportsanddata.com/sample-enquiry-form/2457 The food & beverage industry's growth plays
an important role in raising the industrial market for sorbitol. Sorbitol is
also commonly used in baked goods, confectionery, and chocolate since these
ingredients appear to harden or become dry, but due to its property of
maintaining the moisture content of the food, sorbitol can reverse the effect.
During shipping, its moisture-retentive properties help preserve the original
freshness of the finished products, while extending their shelf life. Sorbitol
is in comparison, very stable and it can survive high temperatures. Sorbitol,
as well as a number of other sweeteners, is compliant with other food
additives, such as sugars, oils, gelling agents and vegetable fats. In addition, industrial development is
projected to be influenced by the growing demand for sorbitol in personal care
goods. It is often used and acts as a moistener and binding agent in toothpaste
and mouthwash products. In terms of sales in 2019, North America
accounted for USD 907.6 million and is predicted to record a CAGR of 7 percent
over the projected period. In North America, the market for sorbitol can be
credited with growing understanding of dietary supplements and their
nutritional benefits. Asia Pacific is predicted to be the most detailed and
fastest-growing witness of the regional market during the projected era at a
CAGR of 9.4 percent. In China and India, lower production costs, increased
demand for personal care goods and the increasing food and beverage and
pharmaceutical sectors are projected to drive the growth of the regional
industry. Impact of COVID-19 on Sorbitol Market: It is expected that COVID-19 will have a modest
impact on the market. Because of the imposition of lockdown and social
constraints, the worldwide production of sorbitol has suffered tremendously.
The industry is projected to experience disruptions in the supply chain in most
economies especially in the crippled Asia Pacific region. The world economy is
projected to be impacted by COVID-19 in three major ways: by actively
influencing production and demand, by developing a supply chain and upsetting
the industry, and by its financial effect on businesses and financial markets.
Countries hope for an eventual revival of the sector with the removal of
sanctions and expanded government efforts to launch business activities. Key participants in
the sorbitol market include:
Sorbitol Market: Segmentation For the purpose of this report, Reports and
Data has segmented into the global Sorbitol market on the basis of product
type, function, application, end use and region: Product Outlook (Revenue, USD
Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
Function Outlook (Revenue, USD
Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
To identify the key trends in
the industry, click on the link below: https://www.reportsanddata.com/report-detail/sorbitol-market Application Outlook (Revenue,
USD Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
End Use Outlook (Revenue, USD
Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
Regional Outlook (Revenue, USD
Million; 2017-2027 & Volume, Kilo Tons; 2017-2027)
Read More News about Sorbitol Market report by Reports And
Data: Sorbitol Market:- https://www.globenewswire.com/news-release/2020/02/12/1984072/0/en/Sorbitol-Market-To-Reach-USD-2-18-Billion-By-2027-Reports-And-Data.html Contact Us John W Head of Business Development 40 Wall St. 28th floor New York City NY 10005 United States | |