LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their ‘Sorbitol Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of sorbitol and acts as an all-inclusive guide for making smart purchasing decisions.
“The global sorbitol market will witness an increase in the demand due to high consumption of sorbitol-containing products such as toothpaste, food products, and vitamin C containing products,” says SpendEdge procurement analyst A Kowshik. “Also, the increasing consumption of these products is more prevalent in APAC, MEA, and South America,” added Kowshik.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Sorbitol Market:
- Increasing number of joint ventures and acquisitions among suppliers
- Increasing preference for healthier foods
- Rising preference for sugar-free confectionaries
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Increasing number of joint ventures and acquisitions among suppliers
Globally, the suppliers are increasingly focusing on entering into joint ventures to expand their production capabilities. Joint ventures help the suppliers to collaborate their procurement and production process and reduce costs for the buyers.
Increasing preference for healthier foods
In the sorbitol category, end-consumers prefer healthier foods, owing to the increasing awareness regarding the benefits of consuming healthy food. Thus, many products are reformulated by brands to make them healthier.
Rising preference for sugar-free confectionaries
Confectionaries such as chewing gums and candies are being supplied using sugar-free substances such as artificial sweeteners. This trend will increase the demand for sorbitol among the confectionaries industry.
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