Europe Sorbitol Market Size & Outlook, 2020-2028
Europe sorbitol market, 2017-2028 (US$M)
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Europe sorbitol market highlights
- The Europe sorbitol market generated a revenue of USD 356.2 million in 2020.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, France is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 356.2 million |
| Market revenue in 2028 | USD 496.8 million |
| Growth rate | 4.2% (CAGR from 2020 to 2028) |
| Largest segment | Liquid |
| Fastest growing segment | Crystal |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Europe region accounted for 24.2% of the global sorbitol market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,479.5 million by 2028.
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Sorbitol Market Scope
Sorbitol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 77.51% in 2020. Horizon Databook has segmented the Europe sorbitol market based on liquid, crystal covering the revenue growth of each sub-segment from 2017 to 2028.
Growth of the personal care market in Germany, Italy and France on account of rising awareness towards natural ingredients is anticipated to augment sorbitol demand as thickening agents. The European Commission announced Horizon 2020 Strategy, which is intended for promoting the industrial growth of naturally derived products.
As a result, new investments in the market are anticipated to be witnessed in the near future. Declining pharmaceutical industry in France, Spain and Italy is expected to have a negative impact on sorbitol market. European Commission has provided numerous initiatives to enhance production output of biofuels.
As a result, sorbitol is expected to find use in biofuel production. The Commission has also included the use of sorbitol as food ingredient which is expected to promote its use in food & beverage industry.
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Our clientele includes a mix of sorbitol market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sorbitol market , including forecasts for subscribers. This continent databook contains high-level insights into Europe sorbitol market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Europe sorbitol market size, by country, 2017-2028 (US$M)
Europe Sorbitol Market Outlook Share, 2020 & 2028 (US$M)
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