UK Sorbitol Market Size & Outlook, 2020-2028
UK sorbitol market, 2017-2028 (US$M)
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UK sorbitol market highlights
- The UK sorbitol market generated a revenue of USD 47.4 million in 2020 and is expected to reach USD 61.5 million by 2028.
- The UK market is expected to grow at a CAGR of 3.3% 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 47.4 million |
| Market revenue in 2028 | USD 61.5 million |
| Growth rate | 3.3% (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, UK accounted for 3.2% of the global sorbitol market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Europe, Germany sorbitol market is projected to lead the regional market in terms of revenue in 2028.
- France is the fastest growing regional market in Europe and is projected to reach USD 88.7 million by 2028.
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Sorbitol Market Scope
Sorbitol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 76.37% in 2020. Horizon Databook has segmented the UK sorbitol market based on liquid, crystal covering the revenue growth of each sub-segment from 2017 to 2028.
The growing demand for sugar substitutes in various food products including canned fruits, jams, marmalades, processed meats, snack foods, pastry and bakery products are also expected to be essential for the growth of market over the past few years.
Sorbitol containing food products are recommended by doctors to people suffering from obesity. Consumption of natural sugars instead of sugar substitutes has a wide range of negative health effects such increase in blood pressure and rising risk of diabetes.
Obesity contributes to cardiovascular diseases as well as diabetes. Hence, food & beverage manufacturers incorporate sorbitol instead of natural sugar in a wide range of food products including ice creams, chewing gums, frozen desserts, diet drinks and baked foods.
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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 country-level data and insights on the UK sorbitol market , including forecasts for subscribers. This country databook contains high-level insights into UK sorbitol market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UK sorbitol market size, by product, 2017-2028 (US$M)
UK Sorbitol Market Outlook Share, 2020 & 2028 (US$M)
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