Sucrose Esters Market Trend & Forecast

Market Insights

The Sucrose Esters Market was estimated to grow from USD 80.2 million in 2021 to USD 119.11 million by 2028 at a healthy CAGR of 5.78% during the forecast period.

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What are Sucrose esters?

Sucrose esters or sucrose fatty acids are groups of esters that are synthesized by the esterification of sucrose and fatty acids such as Lauric acid, Palmitic acid, Stearic acid, and others. They own various properties, such as water solubility, and have a variable Hydrophilic-Lipophilic balance (HLB) value which gives sucrose esters exceptional emulsifying properties.

Sucrose esters are available in different forms, such as powder, liquid, and pellet that are used in various applications, such as food, personal care products, detergents & cleansers, and others.

Drivers

The sucrose esters market is mainly driven by:

Increasing trend of spending on convenience food products in developing countries, owing to their multifunctional properties.

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Key Players

Some of the major players in the market are-

• BASF SE
• Evonik Industries AG
• P&G Chemicals
• Croda International Plc
• Mitsubishi Chemicals Corporation.

Segment Analysis

By Application Type

The market is segmented as food, personal care products, detergents & cleansers, and others. The food segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. Sucrose esters are used in a wide range of applications under the food segment such as bakery products, confectioneries, cereals, dairy products, meat products, and soups & sauces.

They are used as a low-fat alternative to maximize the mouthfeel provided by fats. Besides emulsification, they possess various other properties such as aeration, texturizing, protein protection, and sugar crystallization, thereby increasing their consumption in the food industry.

By Form Type

The sucrose esters market is segmented as powder, liquid, and pellet. The powder segment dominates the market, as food is the largest market for the powdered form of sucrose esters, followed by other applications.

The consumption of the powdered form is mainly influenced by its property to mix uniformly with other ingredients during the processing stage.

Regional Analysis

Europe is estimated to be the largest market, whereas Asia-Pacific is expected to remain the fastest-growing region during the forecast period, with lucrative growth opportunities.

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The growth of the European market is driven by various factors, such as large-scale production and consumption of bakery, dairy, and confectionery products, which is generating huge demand for food & beverage manufacturers who focus on product innovations using novel food ingredients, and rising awareness among consumers, which has led to the increased inclination of manufacturers to comply with the standards introduced by the EU.

North America and Asia-Pacific are also expected to offer substantial growth opportunities during the foreseen duration.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Application Type:

• Food
  • (Application Type Analysis: Bakery Products, Confectioneries, Dairy Products, Cereals, Soups & Sauces, Beverages, Meat Products, and Others)
• Personal Care Products
  • (Application Type Analysis: Cosmetics and Others)
• Detergents & Cleansers
• Others

By Form Type:

• Powder 
• Liquid 
• Pellet 

By Function Type:

• Protein & Starch Interaction 
• Antimicrobial Property 
• Controlled Sugar Crystallization 
• Emulsification 
• Aeration 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Feature

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Target Audience

The target audience of the Market includes-

• Vendors
• Manufacturers
• Distributors
• Organizations
• Government Bodies.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2017-2020, the base year is 2021, the estimated year is 2021, and the forecast period is 2022-2028. The following are the critical questions answered in the report.

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the global market?
• What is the market share of the top vendors?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form types & by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.