Sucrose Esters Market Analysis | 2023-2028

Market Insights

The Sucrose Esters Market size was valued at USD 85.01 million in 2022 and is forecast to grow to USD 119.11 million by 2028 at a CAGR of 5.75% during 2023-2028.

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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.

Market Dynamics

The sucrose esters market  is driven by a host of factors, some of which are noted below:

• Manufacturers are increasingly adopting sucrose esters as emulsifiers, stabilizers, and conditioning agents, which drives demand for sucrose esters. The remarkable texturizing, flavoring, and stabilizing properties of sucrose esters result in their growing application across various industries, thereby supporting the global sucrose esters market's expansion.
• Sucrose esters are widely used because of their excellent water solubility and high HLB (hydrophilic-lipophilic balance) value. Natural and mild sucrose esters are used in cosmetic and personal care products because of their unique qualities, which include softness, silkiness, stability, and versatility.
• Manufacturers of pharmaceuticals, food products, and cosmetics profit from this ingredient's remarkable conditioning and stabilizing properties. The market for sucrose esters is growing as a result of the increased demand for sucrose esters from a variety of industries.
• Sucrose ester is used by manufacturers as an emulsifier as well as for aeration, sugar crystallization, protein protection, and starch interaction. The functional properties of sucrose ester should lead to a rise in demand soon on the international market.
• More natural and highly functional sucrose esters are being demanded by the beauty and personal care industries to be used in their products. This is anticipated to raise the need for sucrose esters market in the near future.

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Key Players

Some of the top players in the sucrose esters 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 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

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

What Deliverables will you get in this report?

Research Methodology

This sucrose esters market report offers high-quality insights and results from a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

Target Audience

The target audience of the market includes-

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

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.