London, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Sustained adoption as a preferred emulsifying, stabilizing, and solubilizing agent across food and processing industries, sorbitan esters represents more than a billion-dollar worldwide market. A new Fairfield Market Research report suggests that global sorbitan esters market will observe a stable growth trajectory between 2021 and 2025. Up from around US$1.3 Bn attained in 2020, global sorbitan esters marker is likely to reach the revenue worth over US$1.7 Bn toward the end of 2025. The report majorly attributes the promising growth to FDA approvals and projects an unwavering outlook for the market on account of the widening application across bakery. Moreover, increasing application of sorbitan esters in personal care segments like hair and skincare will also supplement the demand surge. Mounting popularity of colour cosmetics are likely to further favour the growth of market, says the report.
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Key Research Insights
- Global sorbitan esters market is poised to exhibit around 5.2% growth by value over 2021 – 2025
- Europe’s sorbitan esters market accounts for more than 1/3rd of the global market revenue
- Food and beverages industry maintains nearly 50% revenue contribution to sorbitan esters market
Insights into Segmental Analysis
Demand for organic, naturally sourced foods has been growing worldwide, which is majorly pushing the adoption of sorbitan esters across processed food sector. Another strong factor that will continue to propel sorbitan esters consumption by food and beverages industry includes the rapid expanse of artisanal bakery segment, and mushrooming growth of homebakers. The report states that the rising preference for vegan and organic will spur sorbitan esters market growth. Cosmetics and personal care products also represent a significant application segment as there has been notable increase in uptake of sorbitan esters in creams and ointment production. The report anticipates this segment to demonstrate around 4.6% growth by 2025 end. Multiple opportunities are likely to appear in the light of evolving personal care and cosmetics preferences of the Gen Z consumers. Rocketing sales and innovations around moisturizing lotions, anti-ageing products, and sunscreens warrant sustained uptake of sorbitan esters in the long run, says the report.
Key Report Highlights
- Potential health risks associated with excess consumption of sorbitan esters continue to challenge rapid uptake
- Adoption also remains notable across industries like leather, and textile
- China remains the largest market for brands in Asia Pacific
Insights into Regional Analysis
The report highlights the fact that Europe has been the leading consumer market for sorbitan esters manufacturers and will continue to stand out with more than a third of the total market valuation throughout the period of projection. As the world’s leading bakery industry, Europe remains the prime consumer of bread and allied products, in turn generating the highest demand for sorbitan esters as well. Consistently growing innovations around bread, and continued preference of the European consumer for bread-based meals will collectively drive the growth of sorbitan esters market, says the report. With more consumers seeking on-the-go options, the market will continue to experience growing demand in sorbitan esters. The thriving trends like vegan, clean-labelled, and plant-based products further complement the progress of the market here. Escalating demand from artisanal bakers is likely to act as the key enabler for European market. On the other hand, unprecedented expanse of processed food, and cosmetics and personal care industries over the recent past will provide strong tailwinds to the market in Asia Pacific. The report expects the region to experience noteworthy incremental opportunity.
Key Players in Global Sorbitan Esters Market
Dupont, Oleon Holding NV, Esterchem Ltd, Lonza Group AG, Merck KGaA, Ivanhoe Industries Inc, Avatar Corporation, SABO S.p.A., Penta International Corp, Vantage Specialty Chemicals Inc.
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REPORT SCOPE
| Report Attributes | Details | |
| Base Year | 2020 | |
| Forecast Year | 2021 – 2025 | |
| Market Size in 2020 | US$1.3 Bn | |
| Estimated Market Size in 2025 | US$1.7 Bn | |
| CAGR | 5.20 % | |
| Key Players | Dupont, Oleon Holding NV, Esterchem Ltd, Lonza Group AG, Merck KGaA, Ivanhoe Industries Inc, Avatar Corporation, SABO S.p.A., Penta International Corp, Vantage Specialty Chemicals Inc. | |
Market Segmentation
Form Coverage
- Liquid
- Solid
- Semi-Solid/Paste
Product Type Coverage
- Sorbitan Monolaurate
- Sorbitan Monostearate
- Sorbitan Monooleate
- Sorbitan Trioleate
- Sorbitan Monopalmitate
- Sorbitan Sequioleate
Application Coverage
- Cosmetics and Personal Care Products
- Facial Care
- Body Care
- Others
- Food and Beverages Processing
- Confectionery
- Bakery
- Oil & Fats
- Non-Alcoholic Beverages
- Soups and Gravies
- Pharmaceuticals
- Lubricants & Waxes
- Animal Nutrition & Pet Food
- Industrial
- Textile
- Others
Geographical Coverage
- North America
- Europe
- Latin America
- Middle East & Africa
Leading Companies
- Contemporary Amperex Technology Co., Limited.
- Clarios (Johnson Controls International PLC)
- LG Chem
- GS Yuasa Corporation
- EnerSys
- C & D Technologies, Inc.
- BYD Company Ltd.
Report Inclusions
- Market Estimates and Forecast
- Market Dynamics
- Industry Trends
- Competition Landscape
- Technology-wise Analysis
- Application-wise Analysis
- Region-wise Analysis
- Country-wise Analysis
- Key Trends Analysis
- COVID-19 Impact Analysis
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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