
Global sorbitol and maltitol market was valued at USD 1.33 billion in 2017 and is expected grow in the forecast period owing to the growing demand for artificial sweeteners, increase in consumer demand for low-calorie food & beverage products, and rising awareness regarding its applications in pharmaceutical sector. In addition to their low calorie property, sorbitol and maltitol also have low glycemic properties, and hence, seem to be key ingredients in the pharma and nutrition business.
Sorbitol and maltitol belong to the polyol family and together represent almost 50 percent of the total natural sweeteners consumption in the world. Sorbitol and maltitol are not only used for their sweetness, but also can be used for providing cooling effect, adding bulk & texture, retaining moisture and inhibiting browning which occurs during heating in foods. Furthermore, the demand for low calorie food containing sorbitol and maltitol is anticipated to grow further, owing to the increasing consumer awareness of weight management and diabetes. Considering all these factors, the global sorbitol and maltitol market is expected to grow in the forecast period.
Based on the applications, the global sorbitol and maltitol market is further segmented into personal care, chemicals, food & beverage, pharmaceutical and others. Within these applications, food & beverage had the highest market share and is expected to grow with the highest growth rate in the forecast period. The second highest share of global sorbitol and maltitol market belonged to personal care sector which is expected to grow with CAGR of 4.1% from the period 2018 to 2025. Major applications of sorbitol in personal care include oral care as it is resistant to the tooth bacteria and skin care owing to its moisturizing property. Hence, all these factors are expected to influence positively on the global sorbitol and maltitol market.
On the basis of form, the global sorbitol and maltitol market is segmented into liquid and crystal form. The market for liquid form of sorbitol and maltitol is expected to grow with the highest CAGR in the forecast period owing to varied number of applications in the food and pharmaceutical industry. However, crystal form is mostly preferred in cases where better handling and care is required. Also, their production is much more complex as compared to other sweeteners and challenges in terms of procuring the raw materials and creating cost-effective production can hamper the growth of global sorbitol and maltitol market.
Geography-wise, the global sorbitol and maltitol market is segmented into five regions – North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Among these, Asia-Pacific region had the highest market share in 2017 and is expected to post a CAGR for 5.8% between 2018 and 2025. The Asia-Pacific region is further segmented into China, Japan, India, Indonesia and rest of the asia-pacific. The increasing health awareness among the consumers and rapid growth in disposable income of individuals in countries of India, China and Japan are driving the sorbitol and maltitol market. Also, the major producers of sorbitol and maltitol belong to the Asia-Pacific region, contributing further to the growth of sorbitol and maltitol market in this region. The sorbitol and maltitol market for North America is expected to grow at a CAGR of 5% from 2018 to 2025 and 5.3% for Latin America.
The competitive landscape of global sorbitol and maltitol market consist of global as well as some regional players including Dupont Nutrition & Health (Danisco), BENEO GmbH, Shandong Longlive Bio-Technology Co., Ltd., Thomson Biotech (Xiamen) Co., Ltd., Zhucheng Dongxiao Biotechnology Co., Ltd., Archer Daniels Midland Company, O'Laughlin Industries Co., Ltd., Cargill, Inc, Jungbunzlauer Suisse AG, Tereos Starch & Sweeteners s.a.s. and others.
Sorbitol and Maltitol Market Scope
Metrics | Details |
Base Year | 2019 |
Historic Data | 2017-2018 |
Forecast Period | 2020-2025 |
Study Period | 2015-2025 |
Forecast Unit | Value (USD) |
Revenue forecast in 2025 | USD 2.01 billion |
Growth Rate | CAGR of 5.3% during 2021-2028 |
Segment Covered | Product , Application , Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, Middle-East & Afric |
Key Players Profiled | (Danisco), BENEO GmbH, Shandong Longlive Bio-Technology Co., Ltd., Thomson Biotech (Xiamen) Co., Ltd., Zhucheng Dongxiao Biotechnology Co., Ltd., |
Key segments of the global sorbitol and maltitol market
Product form Overview, 2015-2025 (USD million) (kilo tons)
- Liquid
- Crystal
Application Overview, 2015-2025 (USD million) (kilo tons)
- Personal care
- Chemical
- Food & beverage
- Pharmaceutical
- Others
Regional Overview, 2015-2025 (USD million) (kilo tons)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle-East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global sorbitol and maltitol market.
- While studying the sorbitol and maltitol market, we observed that the demand for its products was tremendous in developing countries
- The market is fragmented and major players have their presence across the globe. The companies, as a strategic step are opening new manufacturing facilities to meet the domestic demand.
What does the report include?
- The study on the global sorbitol and maltitol market includes qualitative factors such as drivers, restraints, opportunities and value chain analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product form, application and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global sorbitol and maltitol market is suitable for all the players across the value chain
- Executives of any food and pahrmaceutical companies
- Venture capitalist looking into investing capital
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions in the field of food technology
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies