North America Sorbitol Market Size & Outlook, 2020-2028
North America sorbitol market, 2017-2028 (US$M)
Related Markets
North America sorbitol market highlights
- The North America sorbitol market generated a revenue of USD 234.2 million in 2020.
- The market is expected to grow at a CAGR of 6.2% 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, Canada is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 234.2 million |
| Market revenue in 2028 | USD 377.9 million |
| Growth rate | 6.2% (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, North America region accounted for 15.9% 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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North 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 79.16% in 2020. Horizon Databook has segmented the North America sorbitol market based on liquid, crystal covering the revenue growth of each sub-segment from 2017 to 2028.
Growing demand for organic personal care products in the U.S. is anticipated to witness growth on account of rising awareness towards benefits of naturally derived ingredients in fortification of cosmetic products. As a result, sorbitol is anticipated to find application in organic personal care products.
The chemical industry in North America is expected to grow optimistically over the forecast period. The market was adversely affected by the recession in 2008 post which it has taken a significant period of time to recover.
Moreover, shifting base of numerous manufacturers to Asia Pacific on account of low investment cost and abundant availability of raw materials, which helps in reducing the overall manufacturing cost and increasing profit margins. The growth of the chemical industry is expected to result in an increasing demand for sugar alcohols in bio refineries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America sorbitol market , including forecasts for subscribers. This continent databook contains high-level insights into North America sorbitol market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America sorbitol market size, by country, 2017-2028 (US$M)
North America Sorbitol Market Outlook Share, 2020 & 2028 (US$M)
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