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.
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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.
Sorbitan Esters Market: Drivers and Restraints
Sorbitan Ester is an FDA-approved drug that can be used in pharmaceuticals, food and beverages, and cosmetics. These sorbitan esters are used in a variety of applications in the food and beverage sector as solubilizers, stabilizers and emulsifiers. With the constant growth of the global food and beverage industry, it is only natural that it would contribute to the development of the global sorbitan ester market. Additionally, sorbitan esters are gaining popularity as they enable efficient processing and improve aeration, quality and stability of food products.
Another important growth driver for the global market for sorbitan esters is the booming cosmetics and personal care industry.This, along with its application in the pharmaceutical and agricultural industries, is also an important factor in the growth of the global market.
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.
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.
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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.
Competitive Landscape
Some of the leading companies offering sorbitan esters are:
- Mosselman s.a.
- Danisco
- Penta Manufacturing Company
- Merck KGaA
- Union Derivan
- A., Oleon N.V.
- Ivanhoe Industries, 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.
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More Insights into the Sorbitan Esters Market Report
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
- Middle East and Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9 years.
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