Latin America Sorbitol Market Size & Outlook, 2020-2028
Latin America sorbitol market, 2017-2028 (US$M)
Related Markets
Latin America sorbitol market highlights
- The Latin America sorbitol market generated a revenue of USD 26.2 million in 2020.
- The market is expected to grow at a CAGR of 5.6% 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, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 26.2 million |
| Market revenue in 2028 | USD 40.6 million |
| Growth rate | 5.6% (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, Latin America region accounted for 1.8% 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 |
|---|
Latin America 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 75.95% in 2020. Horizon Databook has segmented the Latin America sorbitol market based on liquid, crystal covering the revenue growth of each sub-segment from 2017 to 2028.
Population growth, rising urbanization and increasing disposable income in countries of Argentina and Brazil is anticipated to augment food & beverage industry growth and is likely to fuel demand over the next eight years.
Many multinational pharmaceutical companies are intensifying their participation in Brazil’s pharmaceutical market. 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.
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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 Latin America sorbitol market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sorbitol market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America sorbitol market size, by country, 2017-2028 (US$M)
Latin America Sorbitol Market Outlook Share, 2020 & 2028 (US$M)
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