The global sorbitan esters market is poised for substantial growth, fueled by its increasing use across various industries. According to market analysis, the sorbitan esters market is projected to achieve significant sustainable growth, with an estimated value of US$1721.5 million and a CAGR of 5.2% by 2025.
Sorbitan esters, derived from plants, are gaining prominence, particularly in the food and cosmetics sectors. These FDA-approved ingredients serve as stabilizers, solubilizers, and emulsifiers in these industries. The food industry extensively utilizes sorbitan esters in products such as doughs, baked goods, confectionery items, and margarine due to their strong affinity for fats.
In the cosmetics industry, sorbitan esters function as emulsifiers, facilitating the production of ointments and cream-based solutions. Beyond food and cosmetics, sorbitan esters are finding applications in industries like textiles and leather, where they serve as emulsifying agents for improving water and oil emulsions or mixtures.
Health Concerns Pose Challenges for Sorbitan Esters Market
While sorbitan esters enhance taste and texture and are added to a wide range of food and beverages, their excessive consumption can have toxic effects on human health. Regulatory bodies imposed limits on the acceptable daily intake (ADI) of sorbitan esters, with a restriction of 25 mg/kg body weight set in 2017. These health concerns and the challenge of disseminating accurate information regarding chemical consumption through food products and beverages are anticipated to restrain market growth.
Food and Cosmetics Industries Lead the Way
The food segment is expected to dominate the sorbitan esters market, followed closely by the cosmetics segment. The growing demand for products incorporating natural ingredients, coupled with a shift toward vegan products, is anticipated to drive the growth of sorbitan esters in the global market.
Increased consumption of baked goods, especially as dietary preferences evolve, will further contribute to the markets expansion. The rise of home bakers and artisanal bakeries is also expected to boost the consumption of sorbitan esters.
The cosmetics industry is not far behind, as it benefits from the influence of social media influencers shaping grooming choices among younger generations. Sorbitan esters play a vital role in the production of various cosmetics tailored to diverse skin types, presenting lucrative opportunities for the market.
Europe and Asia Pacific Dominate Consumption
Europe is expected to be a significant player in the global sorbitan esters market. The consumption of sorbitan esters is notably high in Europe, particularly in bread and baked products, which form a substantial part of daily meals. The European bakery products market, valued at US$230 billion in 2020, indicates the increasing use of sorbitan esters in the region. This trend is likely to continue as bread and baked products remain integral to quick meals.
Moreover, the rise of veganism and the expansion of retail chains offering products with clean labels and natural, plant-based ingredients present additional opportunities for the sorbitan esters market in Europe.
Asia Pacific is also a prominent consumer of cosmetic products, further propelling the growth of sorbitan esters in the region. These esters find expanded applications in skincare, hair care, and color cosmetics. The regions increasing focus on personal grooming and aesthetics, driven by popular media and beauty pageants, is contributing to the rising demand for age-reversing creams, moisturizing lotions, and sunscreens, which, in turn, boosts the usage of raw materials like sorbitan esters.
Competitive Landscape
Key players in the sorbitan esters market, as highlighted in the report, include Dupont, Oleon Holding NV, Esterchem Ltd, Lonza Group AG, Vantage Specialty Chemicals Inc, Merck KGaA, Ivanhoe Industries Inc, Penta International Corp, Avatar Corporation, and SABO S.p.A., among others.
Browse Global Sorbitan Esters Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2025-[2023 UPDATE Available-Forecast 2023-2030*] (By Form Coverage, Product Type Coverage, Application Coverage, By Geography, Leading Companies): https://www.fairfieldmarketresearch.com/report/global-sorbitan-esters-market
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COMTEX_440946112/2840/2023-09-26T01:54:34