PUNE, India, January 23, 2023 (GLOBE NEWSWIRE) — The global sorbitol market should benefit from rising demand for digestive and low-calorie products. The global sorbitol industry was valued at US$1,244.5 million in 2018. It is expected to reach USD 1,928.3 million by the end of 2026, at a CAGR of 5.54% over the forecast period (2019-2026).
Applications in the gelatin capsule and cosmetics industries to fuel the growth of the liquid/syrup sorbitol segment
The report classifies the global sorbitol market by type, application, and geography. In terms of type, the market is further segmented into powder/crystal and liquid/syrup formulations. Of these, the liquid/syrup formulation of sorbitol is currently leading the world market. Sorbitol is marketed commercially as a 70% solution containing polyhydric alcohol colorless to slightly yellow in appearance.
The liquid formulation remains inert to humidity fluctuations. In addition, it is a good water stabilizer and humectant, which allows its application in cosmetic emulsions and the gelatin capsule industry. The aqueous solution serves as a suitable substitute as it replicates several properties of glycerin and glycols.
Get a sample copy of the research report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sorbitol-market-100206
Companies Covered in Sorbitol Market Report are:
- Archer Daniels Midland Company
- Lonza Inc.
- cargill
- Tate & Lyle
- Ingredion Incorporated
- Merck KGaA
- Tereos Starch & Sweeteners sas
- SPI Pharma
- Roquette Freres
- Pfizer Inc.
Scope and segmentation of the report:
report coverage | details |
forecast period | 2019-2026 |
Forecast CAGR | 5.54% |
Value prognosis 2026 | $1,928.3 million |
base year | 2018 |
sorbitol market greatness in 2021 | $2.95 billion |
Historical data | 2015-2017 |
number of pages | 135 |
Covered Segments | By type, application, geography |
sorbitol market growth accelerator | Rapid growth of the cosmetics and personal care industry favors growth in Asia Pacific |
[ad_2]
Source story