As per the latest market research conducted by FMI, the global sorbitan esters market is expected to record a CAGR of 5.6% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 986.40 million. By 2033, the valuation is anticipated to reach US$ 1,703.1 million.
Sorbitan esters are artificial sweeteners that are created by mixing sorbitol with common fatty acids such palmitic, stearic, lauric, and oleic acids. Sorbitan esters are employed as emulsifying agents in the manufacture of cosmetic and medicinal emulsions, creams, and ointments. They come in a number of forms, including as paste, liquid, semi-solid, and solid.
The population’s apparent preference for vegan foods has gradually increased demand for sorbitan esters. Despite having a smaller market share than the food business, the cosmetics industry is predicted to contribute significantly to market growth.
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The proliferation of bakeries emphasising the value of homemade and organic ways of preparation has spurred industry expansion. Aside from that, bread’s widespread popularity in many countries has aided commercial growth.
Competitive Background:
The key players operating in the sorbitan esters market are investing in mergers and acquisitions to gain a significant market share. The manufacturers are also investing in research and development and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the sorbitan esters market. As a result, market participants are likely to have a better overall revenue share in the global sorbitan esters market.
Key Takeaways:
- The sorbitan esters market is predicted to record a CAGR of 5.6% through 2033.
- The FMI predicts that the United States sorbitan esters market is expected to reach a valuation of US$ 346.67 million by 2033.
- The sorbitan esters market is expected to surpass US$ 1,703.1 million by 2033.
- The increasing research and development spending by major firms to create new products is likely to drive the growth of the market.
- The FMI predicts that the United Kingdom sorbitan esters market is expected to reach a valuation of US$ 65.52 million by 2033.
- The sorbitan tristearate segment is expected to hold a dominant share of 4.8% of the total sorbitan esters market by 2033.
- The sorbitan esters market is anticipated to reach a valuation of US$ 986.40 million in 2023.
- The sorbitan esters market recorded a CAGR of 4.2% from 2018 to 2022.
- The FMI predicts that the sorbitan esters market in China is expected to reach a valuation of US$ 146.64 million by 2033.
- The food grade segment is expected to record a CAGR of 5.3% CAGR in 2023
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Significant Players in the Market:
- Danisco
- Merck KGaA
- Oleon N.V.
- Ivanhoe industries, Inc.
- Vantage Specialty Chemicals, Inc.
- LEUNA-Tenside GmbH
- Union Derivan
- S.A., Sabo S.p.A.
- SEPPIC
- Ethox Chemicals, LLC
- Mosselman s.a.
- Lonza AG
- Penta Manufacturing Company
- Lasenor Emul, S.L
Sorbitan Esters Market by Category
By Product Type:
- Sorbitan Tristearate
- Sorbitan Monostearate
- Sorbitan Monooleate
- Sorbitan Trioleate
- Sorbitan Monopalmitate
- Sorbitan Monolaurate
- Sorbitan Sesquioleate
By Application:
- Cosmetics and Personal Care Products
- Facial Care
- Body Care
- Others
- Food and Beverage Processing
- Confectionery
- Bakery
- Oil and Fats
- Non-alcoholic Beverages
- Alcoholic Beverages
- Soups, Sauces, and Gravies
- Pharmaceuticals
- lubricants and Waxes
- Animal Nutrition and Pet Food
- Industrial
- Textiles
By Form:
- Liquid
- Solid/Powder
- Semisolid/Paste
By Grade:
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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