U.S. Sorbitol Market Size & Outlook, 2020-2028
U.S. sorbitol market, 2017-2028 (US$M)
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U.S. sorbitol market highlights
- The U.S. sorbitol market generated a revenue of USD 166.5 million in 2020 and is expected to reach USD 266.8 million by 2028.
- The U.S. market is expected to grow at a CAGR of 6.1% 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 166.5 million |
| Market revenue in 2028 | USD 266.8 million |
| Growth rate | 6.1% (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, U.S. accounted for 11.3% of the global sorbitol market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. sorbitol market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 73.9 million by 2028.
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Sorbitol Market Scope
Sorbitol Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 80.06% in 2020. Horizon Databook has segmented the U.S. sorbitol market based on liquid, crystal covering the revenue growth of each sub-segment from 2017 to 2028.
Presence of robust manufacturing base of personal care companies such as Estee Lauder, Johnson & Johnson, and Procter & Gamble in the U.S. is anticipated to have a positive impact on the sorbitol market. Product launches by these manufacturing companies is expected to propel further market demand for sorbitol over the forecast period.
Increasing demand for toothpaste, mouthwash, skin creams, and chewing gums in light of product innovation by FMCG manufacturers including P&G and Unilever will open new market avenues. Also, high refractive index of sorbitol is expected to promote the product usage in the formulation of transparent gels.
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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 U.S. sorbitol market , including forecasts for subscribers. This country databook contains high-level insights into U.S. sorbitol market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. sorbitol market size, by product, 2017-2028 (US$M)
U.S. Sorbitol Market Outlook Share, 2020 & 2028 (US$M)
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