Global Pharmaceutical Grade Sorbitol Market Size, Share, and Trends Analysis Report, By Type (Powder Sorbitol and Liquid Sorbitol), and By Application (Cosmetics, Tablet Formulation, Laxative Formulation, and Antacid Preparations), Forecast (2022-2028)

The pharmaceutical grade sorbitol market is anticipated to grow at a significant CAGR of 5.0% during the forecast period (2022-2028). Pharmaceutical grade sorbitol is a sugar alcohol that is mostly employed in the pharmaceutical business as a sweetener or humectant during formulations. Sorbitol is mostly made from glucose that has been hydrogenated. Sorbitol is accessible in both crystalline and liquid forms for medicinal use. It is found naturally in berries. In the pharmaceutical industry, pharmaceutical grade sorbitol is used as a diluent in tablet manufacturing, is used in sugar-free medicines to retain the sweet flavor, and functions as a stabilizer for antacid and vitamin preparations. The major factor driving the growth of the market includes the increasing usage of sorbitol in pharmaceutical formulations, particularly to conceal the unpleasant taste and odor of medical products.

The global pharmaceutical grade sorbitol market is segmented based on type and application. Based on type, the market is sub-segmented into powder sorbitol and liquid sorbitol. Among these segments, the liquid sorbitol segment is expected to propel the growth of the market due to the increasing usage of liquid sorbitol in the manufacturing of medical injections. Based on application, the market is sub-segmented into cosmetics, tablet formulation, laxative formulation, and antacid preparations.

The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For Instance, in March 2022, Sunar Misir introduced Sunsorb Sorbitol Powder with Innovative technology. Sunar Misir is one of the major participants in the market for corn-based sweeteners and functional additives. Sunsorb Sorbitol Powder is a versatile product that may be used in a variety of applications. Its chilling action adds a tremendous freshness to sugar-free chewing gums, as well as assisting in the production of uniform texture and hard tablets for confectionery and medicinal applications. Sunsorb Powder also has tableting qualities and may be used in pharma quality effervescent, chewable, and swallowable tablets, as well as in lozenges and pellets as a filler/binder.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Merck & Co. Inc., Cargill India Pvt. Ltd., Archer Daniels Midland Co., Ingredion Inc., Tereos India Pvt. Ltd., Roquette Freres SA, and Qinhuangdao LiHua Starch Co. Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Pharmaceutical Grade Sorbitol Market Report by Segment

By Type

• Powder Sorbitol
• Liquid Sorbitol

By Application

• Cosmetics
• Tablet Formulation
• Laxative Formulation
• Antacid Preparations

Global Pharmaceutical Grade Sorbitol Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa