Sorbitol Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#chemicalsindustry—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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the report snapshot before purchasing

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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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]