In a recent market analysis, Future Market Insights (FMI) has projected the global sorbitan esters market to expand at a steady 5.6% CAGR between 2021 and 2031. Driven by increasing applications of sorbitan esters in the food and beverage and personal care industry, the market valuation is forecast to top US$ 756.4 Mn in 2021.
Sorbitan esters are used as surfactants and solubilizers in cosmetics in a wide range of products including skin care products, eye makeup, cleansers, face creams, and other makeup, beauty, and personal care products.
They are also used as wetting agents and dispersants in cosmetic products, particularly in color cosmetics and sun care products. The accessibility of global brands and higher purchasing power worldwide is expected to drive sales of cosmetics products. As a result, demand for sorbitan esters is projected to increase at a steady pace over the forecast period.
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Rising awareness regarding harmful effects of chemicals in food and personal care products is shifting consumers’ preference towards natural ingredients and organically sourced food products. This is compelling manufacturers to launch clean label products in the market, which in turn is boosting sales of sorbitan esters.
Increasing sales of ready-to-eat meals, packaged food products and personal care products with clean labelling will continue propelling sales of sorbitan esters in the forthcoming years.
Apart from this, sorbitan tristearate is widely utilized as a surface-active component in food and beverages to reduce viscosity. Increasing applications og sorbitan tristearate desserts, garnishes, jams, jellies, and marmalades is expected to spur demand for sorbitan esters in the confectionary sector.
In addition to this, growing utilization of sorbitan esters in cocoa and chocolate products is likely to boost demand for sorbitan esters.
“Increasing demand for sorbitan esters from the pharmaceutical, textile leather, and agriculture industries, coupled with new products launches by manufacturers to meet clean labeling criteria will continue augmenting growth of the global sorbitan esters market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The food and beverage processing segment is expected to account for 44.4% of the total sorbitan esters market share in 2021.
- Based on form, sales of liquid sorbitan esters are projected to grow at a 5.2% CAGR through 2031.
- The sorbitan tristearate segment is anticipated to account for 29.0% of the total sorbitan esters market share in 2021.
- In terms of grade, the food grade segment is expected to expand at a 5.3% CAGR through 2031.
- The U.S. is projected to account for 82.3% of the total North America sorbitan esters market share.
- Russia will continue exhibiting high demand for sorbitan esters, with sales growing at a 4.0% CAGR.
- Sales of sorbitan esters in Germany are projected to rise at a 4.6% CAGR through 2031.
- Sorbitan esters market in China is expected to expand at a 6.3% CAGR over the forecast period.
- India will emerge as a lucrative market, with sales growing at a healthy 7.4% CAGR through 2031.
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Competitive Landscape
Some of the leading companies offering sorbitan esters are Mosselman s.a., Danisco, Penta Manufacturing Company, Merck KGaA, Union Derivan, S.A., Oleon N.V., Ivanhoe Industries, Inc., LEUNA-Tenside GmbH, Sabo S.p.A., SEPPIC, Ethox Chemicals, LLC, , Lasenor Emul, S.L., Vantage Specialty Chemicals, Inc., Lonza AG and others.
Key players operating in the global sorbitan esters market are investing in strategic collaborations, mergers and acquisitions to expand their production facilities and distribution networks. Apart from this, players are focusing on research and development to launch innovative and plant-based sorbitan esters to cater to a growing customer pool.
More Insights into the Sorbitan Esters Market Report
Future Market Insights, in its new offering, provides an unbiased analysis of the sorbitan esters presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. the study divulges compelling insights on the sorbitan esters based on product type (sorbitan tristearate, sorbitan monostearate, sorbitan monooleate, sorbitan trioleate, sorbitan monopalmitate, sorbitan monolaurate, sorbitan sesquioleate), based on form ( liquid, solid/powder, semisolid/paste), based on end use application (cosmetics and personal care products, food and beverage processing, pharmaceuticals, lubricants and waxes, animal nutrition and pet food, industrial, textiles), based on grade (food grade, industrial grade, pharmaceutical grade) across seven major regions.
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