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 USD 986.40 million. By 2033, the valuation is anticipated to reach USD 1,703.1 million.
Sorbitan esters are produced when sorbitol undergoes a chemical reaction that produces esters. Fatty acids and polyols are combined to form sorbitol. Natural sources of both of these compounds include some plant-based products like fruits and seaweed as well as some animal-based ones. The industrial uses for these sorbitan esters are numerous and extremely diverse.
The market for sorbitan esters is expanding as urbanization and industrialization increase. The construction, automotive, and commercial services sectors are being developed by developing economies around the world. A few sorbitan esters' end-use industries, contributing to their total development include.
Crucial Market Trends:
Attributes | Value |
---|---|
Sorbitan Esters Value (2022) | USD 932.58 million |
Sorbitan Esters Market Expected Value (2023) | USD 986.40 million |
Sorbitan Esters Market Forecast Value (2033) | USD 1,703.1 million |
Sorbitan Esters Market Expected CAGR (2023 to 2033) | 5.6% |
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Demand for sorbitan esters recorded a 4.2% CAGR between 2018 and 2022. Sorbitan esters are used as stabilizers and emulsifiers in the food and beverage industry. Increasing sales of ready-to-eat meals and packaged food products in developing nations such as China, India, and Brazil are expected to spur demand for sorbitan esters in the forthcoming years.
Surfactants and solubilizers in cosmetics include sorbitan esters. They are used in many different products, such as lotions, cleansers, skin care products, eye makeup, and other makeup items. Sorbitan esters are also used, particularly in color cosmetics and sun care products, as wetting agents and dispersants.
Several companies with a significant presence in Asia Pacific, like Estée Lauder, Mac Cosmetics, Avon, L'Oreal, and Willa, are inspiring other companies to enter the market more extensively. Cosmetics are in high demand due to the availability of multinational brands and rising purchasing power globally. The market is anticipated to benefit from this.
Sorbitan esters, although, in certain food or cosmetic items can have negative effects. Gas, diarrhea, stomach pain, and nausea are a few adverse effects. They predominantly impact the liver, digestive system, and integumentary system. A vast of people who have these side effects have sorbitan intolerance. In some situations, sorbitan esters included in cosmetic goods might irritate the skin. This is likely to reduce sorbitan sales.
Besides that, the availability of less expensive substitutes such as palm oil, soy lecithin, polyglycerol ester, and others has limited the sales of sorbitan esters. The expansion of the global sorbitan esters market is hampered by the availability and widespread use of these products in the food processing sector.
Growing preference for components derived from plants and other organic sources is a result of growing concerns about the negative effects of excessive chemical use in cosmetics and personal care products.
Although this trend is more common in industrialized nations like the United Kingdom, Canada, the United States, and Germany, it is anticipated to become more prevalent in emerging economies like India, China, Brazil, Indonesia, and Mexico.
Since a sizable amount of the world's population currently resides in emerging nations, the need for plant-based diets is anticipated to increase. To increase their market presence, manufacturers are emphasizing sorbitan esters made from plants and plant-based materials.
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Sorbitan ester is an inert chemical that serves as a solubilizing agent in a variety of components and is present in many medications and vaccines. These items are primarily used as emulsifiers and solubilizers and have a low level of toxicity. In a variety of applications, they also offer wetting, stabilizing, scattering, and viscosity-modifying properties.
Polysorbate 20 and polysorbate 80 belong to the ester types that are most frequently utilized in medicinal applications. Sales of sorbitan esters are expected to continue increasing over the projection period due to the high demand for sorbitan esters and their emerging uses in dermatology, human medicine, and veterinary medicine.
The FMI predicts that the United States sorbitan esters market is expected to reach a valuation of USD 346.67 million by 2033.
The food and cosmetics sectors both use sorbitan esters extensively. The stabilizing, solubilizing, and emulsifying properties of this FDA-approved chemical are widely employed. Sorbitan esters are frequently utilized in foods like margarine, baked goods, and sweets due to their high affinity for fats. Sales of sorbitan esters are anticipated to increase in the next years due to the United States’ strong food service and personal care industries.
Sales of sorbitan esters are expanding in Russia as a result of the growth of the food and packaging industries as well as rising investment in the development of the pharmaceutical industry.
Also, rising sales of prepared foods are driving the market for chemicals in the food and beverage industry. According to FMI, this is anticipated to continue boosting sorbitan esters' sales in Russia during the assessment year.
Country | United States |
---|---|
CAGR (2018 to 2022) | 4.3% |
CAGR (2023 to 2033) | 5.0% |
Valuation (2033) | USD 346.67 million |
Country | United Kingdom |
---|---|
CAGR (2018 to 2022) | 3.7% |
CAGR (2023 to 2033) | 4.3% |
Valuation (2033) | USD 65.52 million |
Country | China |
---|---|
CAGR (2018 to 2022) | 4.6% |
CAGR (2023 to 2033) | 6.6% |
Valuation (2033) | USD 146.64 million |
Country | Germany |
---|---|
CAGR (2018 to 2022) | 4.1% |
CAGR (2023 to 2033) | 4.6% |
Valuation (2033) | USD 72.13 million |
The sorbitan tristearate segment is expected to hold a dominant share of 4.8% of the total sorbitan esters market by 2033.
Chocolate formulations typically utilize sorbitan tristearate as a surface-active component to reduce viscosity. Sorbitan tristearate modifies the look and crystallization of sugar in chocolate and lessens stickiness.
Sorbitan tristearate is frequently used in bread products, desserts, toppings, coatings, spreads, jams, jellies, and marmalades in contrast to its expanding use in cocoa and chocolate products. Through 2031, this is anticipated to continue driving up sorbitan tristearate sales in the food and beverage industry.
The food grade segment is expected to record a CAGR of 5.3% in 2023, it is anticipated that the food grade category may account for more than 50% of the market. Sales of sorbitan esters are being driven by an increase in their use in products including whipped topping, cake mix, frosting, filling, and coffee whitener. This trend is expected to continue throughout the projection period.
Liquid sorbitan esters' ease of use in high-end bakery toppings and coatings, milk and cream analogs, fat emulsions, beverage whiteners, liquid tea, fruit and herbal infusion concentrates, sugar confections, cocoa-based confections, and chocolate is likely to continue to support sales over the assessment period.
In order to diversify their product offerings and cater to a wide range of sorbitan esters applications, prominent firms active in the global sorbitan esters market are investing in research and development. In particular, companies are forming strategic alliances, partnerships, mergers, and acquisitions to improve their distribution networks and increase their production capacity.
For instance:
Domus Chemical S.p.A., a producer of premium specialty esters and emollients, completed the acquisition of the personal care unit in May 2018, according to a statement from Sabo S.p.A.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Thousand for Value |
Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa |
Key Segments Covered | Form, Applications, Products Type, Grade, and Region |
Key Companies Profiled | 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 |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
This market is estimated to reach USD 1,703.1 million by 2033.
The United States, The United Kingdom, and China dominate the global market.
The market expanded at a CAGR of 4.2% from 2018 to 2022.
Green packaging is becoming popular across several industries.
Expansion in the pharmaceutical sector drives sales.
1. Executive Summary | Sorbitan Esters Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Sorbitan Tristearate 5.2. Sorbitan Monostearate 5.3. Sorbitan Monooleate 5.4. Sorbitan Trioleate 5.5. Sorbitan Monopalmitate 5.6. Sorbitan Monolaurate 5.7. Sorbitan Sesquioleate 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Cosmetics and Personal Care Products 6.1.1. Facial Care 6.1.2. Body Care 6.1.3. Others 6.2. Food and Beverage Processing 6.2.1. Confectionery 6.2.2. Bakery 6.2.3. Oil and Fats 6.2.4. Non-alcoholic Beverages 6.2.5. Alcoholic Beverages 6.2.6. Soups, Sauces and Gravies 6.3. Pharmaceuticals 6.4. Lubricants and Waxes 6.5. Animal Nutrition and Pet Food 6.6. Industrial 6.7. Textiles 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Liquid 7.2. Solid/Powder 7.3. Semisolid/Paste 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade 8.1. Food Grade 8.2. Industrial Grade 8.3. Pharmaceutical Grade 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Danisco A/S 19.2. Merck KGaA 19.3. Oleon N.V. 19.4. Ivanhoe Industries Inc. 19.5. Vantage Specialty Chemicals 19.6. Vantage Leuna GmbH 19.7. Union Derivan 19.8. Sabo S.p.A. 19.9. SEPPIC 19.10. Ethox Chemicals, LLC 19.11. Mosselman 19.12. Lonza AG 19.13. Penta Manufacturing Company 19.14. Lasenor Emul 20. Assumptions & Acronyms Used 21. Research Methodology
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