Sorbitol Market Industry Overview, Trends and Growth Opportunities Forecasted till 2023
Market Scenario Market Research Future (MRFR) confirms in its report that the global sorbitol market is projected to witness unwavering growth during the forecast period (2016-2023). To summarize, sorbitol is a sweet tasting sugar alcohol produced by the reduction of glucose. Sorbitol offers properties such as sweet flavor, cooling effect, non-cariogenic, enhanced compressibility, low calorie, and filler among others, which makes it highly popular in many end-user industries. It one of the major products used in a wide range of personal care goods such as toothpaste, skin care, hair care, shaving creams, and soaps among others. Growth in number of diabetes patients, increasing health awareness, and extensive demand from various industries stimulate the global market growth. Also, due to its moisture-stabilizing action, it is used in products that harden faster, thus, maintaining freshness during storage. Sorbitol can also withstand high temperatures which is highly favorable in extreme weathers around the world. Elevating incomes and strong economy help the market gain traction in various regions, primarily in developed nations. However, potential side effects due to sorbitol like nausea, dry mouth and vomiting can pose a threat to the market growth. Despite the threats, the sorbitol market is set to grow further due to increasing price of sugar, thus resulting in high demand for sorbitol. A trend making its way into the sorbitol market is soap containing sorbitol. Glycerin soaps use sorbitol as it is less expensive than actual glycerin and help retain moisture in the skin. Get Sample Copy@ https://www.marketresearchfuture.com/sample_request/1106 Market Segmentation The sorbitol market is segmented on the basis of function, type, end user, and region. By function, the market is segmented by sweetener, bulking agent, and flavoring agent. The sweetener market is on the rise globally due to changing lifestyle and growing health concerns. By type, the market is segmented by liquid and crystal. The liquid type has been the leading segment in 2016 and will continue to grow during the forecast years. The growing use of liquid sorbitol in various applications particularly in personal care products and simplified production of liquid sorbitol contributes to the growth of the segment. Moreover, low cost of liquid form also propels its demand globally. The end-use industries of the global sorbitol market are food & beverage, pharmaceuticals, cosmetics & personal care, chemicals, and others. Sorbitol is a major source of vitamin C and is extensively used in personal care goods such as toothpaste, skin care, hair care, shaving