North America Sorbitol Market Growth and Share, Rising Trends, Revenue, CAGR Status, Challenges, Future Opportunities and Forecast till 2032: SPER Market Research
North American market for sorbitol, a sugar alcohol used as a sweetener and humectant. Sorbitol is a low-calorie sweetener found in a wide range of food and beverage products, including sugar-free gum, candies, and diet beverages. It is also utilized as a moisturizer and as an excipient in pharmaceuticals in personal care and pharmaceutical items.
According to SPER market research, ‘North America Sorbitol Market Size– By Category, By Form, By Source, By Function, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the North America Sorbitol Market is predicted to reach USD 0.91 billion by 2032 with a CAGR of 6.84%.
The North American Sorbitol Market is being pushed by rising health concerns and increased knowledge of the negative health effects of excessive sugar consumption. Sorbitol is an excellent sugar substitute for diabetics and those attempting to lower their sugar intake. The market is also being driven by rising demand for sorbitol-containing personal care and medicinal goods such as toothpaste, mouthwash, and cough syrup.
The market is extremely competitive, with large businesses such as Roquette Freres, Cargill, Ingredion, and others present. The market is likely to expand in the next years as demand for low-calorie sweeteners grows, as does the usage of sorbitol in personal care and medicinal goods. However, rigorous regulations and the availability of alternative sweeteners such as stevia and aspartame may limit market expansion. Overall, the North American Sorbitol Market is predicted to expand, driven by rising demand for low-calorie sweeteners and sorbitol’s expanding usage in a variety of industries.
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The pandemic of COVID-19 has had an uneven influence on the North American Sorbitol Market. While sorbitol demand has increased in certain end-use industries due to shifting consumer tastes, the market has also been disrupted by interruptions in supply chains and manufacturing processes. On the plus side, due to worries about maintaining good health throughout the pandemic, there has been a rise in demand for food and beverage products containing low-calorie sweeteners such as sorbitol. As a result, the food and beverage industries’ need for sorbitol has soared.
Additionally, some of the market key players are Alsiano, Cargill Incorporated, Foodchem International Corporation, Ingredion., Life Sciences Limited, StartingLine S.p.A., The Sukhjit Starch & Chemicals Ltd. PT. Ecogreen Oleochemicals, Qinhuangdao Lihua Starch Co. Ltd., Roquette Frères ADM.
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North America Sorbitol Market Outlook
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