According to the research report titled ‘Global Sorbitol Market Size study, by Product Type (Liquid Sorbitol, Powder/Crystal Sorbitol), By Application (Confectionery, Bakery, Frozen Food, Dietary Supplements, Beverages, Pharmaceuticals, Cosmetic and personal care, and Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global sorbitol market was worth USD 1.41 billion in 2021 and is anticipated to expand at 5.3% CAGR over the stipulated timeframe to amass USD 2.03 billion by the year 2028.

Reliable estimates suggests that global sorbitol market growth is attributed to the growing demand from emerging nations and the rising prevalence of diabetes around the world.

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For the unversed, the body takes a while to break down the sweet-tasting sugar alcohol sorbitol, which is present in several fruits. Sorbitol is used to add flavor and sweetness.

Furthermore, rising strategic efforts, soaring product usage in chocolates and confectionery items are expected boost market expansion in the coming years.

However, issues in adherence to international quality standards and regulations may stifle the industry outlook over the analysis timeframe.

Based on product type, worldwide sorbitol market is divided into powder/crystal sorbitol and liquid sorbitol. In terms of application ambit, the industry is branched into cosmetic and personal care, pharmaceuticals, beverages, dietary supplements, frozen food, bakery, confectionery, and others.

Regionally, North America market holds a major revenue share at present, owing to the large percentage of obese people, and rising demand for convenience and ready-to-eat foods in the region. Whereas Asia Pacific industry is expected to register a healthy CAGR over the study timeframe, on the back of high number of health-conscious customers in the region.

On the competitive side, Sunar M?s?r, Ingredion Incorporated, SPI Pharma Inc., Tereos Group, Gulshan Polyols Ltd., Roquette Freres, DuPont de Nemours Inc., American International Foods Inc., Cargill Inc., and Archer-Daniels-Midland Company are the leading players in global sorbitol market.