Global Sorbitol Market: Trends, Opportunities and Forecasts( 2016- 2021)
According to report,“ Global Sorbitol Market- By Product Type, By End User Industry, By Region, By Country( 2016-2021)”, Food Industry holds the major percentage share in the total market by end-user application and is projected to display a faster growth in the future. Among the regions, Asia-Pacific holds the largest market share mainly due to increasing population, higher disposable incomes, and rising cosmetic & personal care as well as food industry.
Global Sorbitol Market is forecasted to grow at a CAGR of 3.90 % during 2016 – 2021. The strong growth of sorbitol market is attributed to the rise in demand for sugar free food and medicine ingredients, increased usage in personal care industry and chemical industry. The global sorbitol market is expected to register a substantial growth in the near future. Replacements of Glycerol, production of sorbitol using continuous process technology as well as the production of sorbitol from cellulose are some of the emerging trends in the global sorbitol market.
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