Sorbitol is a sugar alcohol that can be found naturally in many fruits and berries. It has been increasingly used as a sweetener to replace the more commonly used high fructose corn syrup, which has been linked to obesity. Sorbitol also has properties that make it an excellent moisturizer, which makes it popular in cosmetics and skincare products. Sorbitol, also known as glucitol or D-glucitol, is a sugar substitute and artificial sweetener that was discovered in 1866. It has a glycemic index of 10, which means it does not contain any calories.
Scope of Startup Business of Sorbitol
If you’re in the business of sugar alcohols, now’s the time to take notice. Between erythritol and xylitol, sorbitol has become one of the most popular ingredients in natural sweeteners and sugar alternatives, due to its versatility and multiple uses in various industries, including food, cosmetics, personal care, hygiene and pharmaceuticals. This report takes a closer look at the rapidly expanding sorbitol market to help you decide if it’s time to put your stake in the ground or if you should wait until later to get involved with this exciting industry.
Sorbitol has been used for years as an alternative sweetener to sugar, and it's booming. It's easy to produce, can be found in a variety of household items like jams and cough syrups, and because it doesn't raise blood glucose levels, it's a safe choice for diabetics. Sorbitol can also be used as an ingredient in toothpaste and laxatives. With the recent popularity of low carb diets, some people are using sorbitol to replace other sugars. Sorbitol's versatility means that there are many opportunities for entrepreneurs who want to start a sorbitol business.
Indian Market Outlook
The sorbitol market in India reached a volume of 165 Kilotons in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026. Sorbitol production in India is estimated to be around 2,000 metric tons and the demand for the product will continue to grow in line with the growth in GDP per capita and increase in disposable income, as well as growing demand for low calorie foods and beverages owing to changing lifestyle patterns. Sorbitol is a sugar substitute that can be found in many common foods like cereals, cakes, and chewing gum. Sorbitol manufacturing has seen an increase in recent years due to an increased demand for healthier food options and the rising popularity of low-carb diets. The Indian market outlook for sorbitol looks promising with the number of manufacturers steadily increasing over the past decade.
Global Market Outlook
The global sorbitol market size was valued at USD 1.47 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The market is expected to witness significant growth over the forecast period owing to the rising usage of diabetic and dietetic food and beverages. The growing product demand as a substitute for sugar in consumer food products is also expected to drive demand for the product over the next few years. Sorbitol is also increasingly being used in oral care products as it is metabolized at a slower rate as compared to other sugar alcohols, preventing dental problems such as cavities and tooth decay. The benefits of the same are expected to propel industry growth over the forecast period. Additionally, the trend of shifting production capacities to the Asia Pacific due to low production and labor costs has resulted in low costs for sorbitol, therefore causing rising demand for non-food applications.
Sorbitol is used in the production of biofuels. Biofuels are naturally derived fuels that are promoted by various organizations such as the European Commission or EPA through the implementation of favorable policies. The growing popularity of biofuels, coupled with the support of government organizations, is expected to result in an increased number of manufacturers over the coming years. The growing research and applications for the same, especially in developed regions like North America and Europe, are expected to drive the demand for sorbitol over the forecast period.
Conclusion
Sorbitol is a sugar alcohol that can be used as a sweetener in foods and beverages. It has also been used to make biodegradable polyesters and polyols for use in cosmetics. It's an antiseptic and can be used to create everything from makeup remover to artificial snowballs. The business of sorbitol, which has been around since the early 1960s, continues to grow. The rising demand for its use as an ingredient has led to a boom in the industry over the last few years. If you're thinking about starting a sorbitol business, it's time to tap into the market and get your products out there.
Key Companies
· American International Foods, Inc.
· ADM
· Cargill Incorporated
· DuPont
· Gulshan Polyols Ltd.
· Merck KGaA
· Ecogreen Oleochemicals GmbH
· Qinhuangdao Lihua Starch Co., Ltd.
· Roquette Frères
· SPI Pharma
· Tereos
· Ingredion Incorporated
· Kasyap Sweeteners, Ltd.