Brazil Sorbitol Market Size & Outlook, 2020-2028
Brazil sorbitol market, 2017-2028 (US$M)
Related Markets
Brazil sorbitol market highlights
- The Brazil sorbitol market generated a revenue of USD 8.5 million in 2020 and is expected to reach USD 13.3 million by 2028.
- The Brazil market is expected to grow at a CAGR of 5.8% from 2021 to 2028.
- In terms of segment, liquid was the largest revenue generating product in 2020.
- Crystal is the most lucrative product segment registering the fastest growth during the forecast period.
Sorbitol market data book summary
| Market revenue in 2020 | USD 8.5 million |
| Market revenue in 2028 | USD 13.3 million |
| Growth rate | 5.8% (CAGR from 2020 to 2028) |
| Largest segment | Liquid |
| Fastest growing segment | Crystal |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Liquid, Crystal |
| Key market players worldwide | American International Group Inc, Archer-Daniels Midland Co, Cargill, DuPont de Nemours Inc, Merck KGaA, Sappi Ltd ADR, Tereos, Ingredion Inc, Genpact Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.6% of the global sorbitol market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil sorbitol market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 13.3 million by 2028.
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Sorbitol Market Scope
Sorbitol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil sorbitol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sorbitol market will help companies and investors design strategic landscapes.
Liquid was the largest segment with a revenue share of 75.29% in 2020. Horizon Databook has segmented the Brazil sorbitol market based on liquid, crystal covering the revenue growth of each sub-segment from 2017 to 2028.
Growing food & beverages output in the country in light of regulatory support and implementation of Economic Stabilization Program (The Real Plan) at domestic level has played a crucial role in augmenting market growth. Increasing personal care products demand in Brazil owing to extensive use by working women is expected to contribute to the market growth in the near future.
Growing personal care industry in Brazil on account of increasing expenditure on beauty and cosmetic products is expected to force FMCG companies to increase their production capacity. As a result of increasing production capacity of personal care products in Brazil, sorbitol market is anticipated to witness substantial growth in the near future.
Increasing sales of medicines in the country in light of economic growth along with rapid industrialization is expected to stimulate demand over the forecast period. Increasing government support for domestic production of medicines will boost pharmaceutical sector in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil sorbitol market , including forecasts for subscribers. This country databook contains high-level insights into Brazil sorbitol market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil sorbitol market size, by product, 2017-2028 (US$M)
Brazil Sorbitol Market Outlook Share, 2020 & 2028 (US$M)
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