Product Code: ETC089987 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Sorbitol market currently, in 2023, has witnessed an HHI of 8964, Which has increased substantially as compared to the HHI of 3773 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Indonesia is the largest producer and consumer of sorbitol in Southeast Asia, with a production capacity of over 80,000 metric tons per year. Sorbitol is produced from glucose syrups mainly derived from cassava starch. It has numerous applications such as food and beverage sweetener, humectant for pharmaceuticals & cosmetics, toothpaste thickener etc. Indonesia growing demand for foodstuff ingredients like sweeteners drives the market growth here.
The increasing demand for low-calorie food items owing to growing health consciousness among people has been a major factor driving the Indonesia sorbitol market growth recently. Moreover, the rising usage of sugar-free items in various products such as confectionery items and beverages has significantly contributed to its use here. Additionally, factors like the government initiatives towards promoting healthy lifestyles have further stimulated its consumption in this region. Also due to being an economical substitute of sucrose or other natural sweeteners it is adopted by many manufacturers which will lead to increased use in future years too.
Growing urbanization paired with changing dietary habits are some key drivers leading to higher consumption of processed foods that require artificial sweetening agents like sorbital causing an upsurge in Indonesia sorbitol market size. The high availability of raw materials used for producing these products makes them easily accessible at lower costs than synthetic ones resulting in their widespread adoption by end users across industries here.. Increasing expenditure on personal care also boosts its application potential as it finds usage mostly here as well adding fuel to its already existing trend upwards.
The outbreak of COVID-19 had a temporary negative effect on all industries including those related directly/indirectly with sorbital production & sales due industrial shutdowns & reduced supply chain activities? This led to decreased sales opportunities during 2025 but 2025 seems promising since most restrictions are now lifted & things are slowly getting back on track creating more room for business expansion.. So though initially there was decline evident it looks likely that soon enough we shall see positive effects being brought about again because markets usually bounce back after any crisis situation passes eventually paving way for new avenues ahead?
Limited availability of raw materials for sorbitol production in Indonesia. High cost of imported raw materials due to import duties and taxes which increase the overall production costs. Lack of infrastructure and technology to produce high-quality sorbitol in Indonesia, resulting low marketability of local products compared with imported ones from other countries such as China, India, etc. Low domestic demand as most applications are limited to food industry while industrial demand is still relatively small compared with other countries in the region like Thailand or Vietnam due to lack of investment and awareness about the product?s potential uses by local consumers & manufacturers alike.
Indofarma, Sumber Agung Group, Wilmar International, Bintan Food Industry