Sucrose Esters Market to Show Incredible Growth by 2028
Global Sucrose Esters Market: Trending in 2021
New York, NY 15 June 2021: The global sucrose esters market size is expected to reach USD 126.8 million by 2028 according to a new study by Polaris Market Research. The report “Sucrose Esters Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Powder, Pellet); By Function (Controlled Sugar Crystallization, Protein & Starch Interaction, Antimicrobial Property, Aeration, Emulsification, Others); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The sucrose esters industry is projected to witness substantial market growth over the forecast period owing to increasing demand for convenience food, hectic consumer lifestyle, and rising application in personal care products. The demand for sucrose esters has also increased on account of the growing disposable income of consumers, increasing health concerns, and rising awareness regarding nutrition and fitness.
The demand for powdered sucrose esters is expected to be high during the forecast period. The growth in the convenience food industry is expected to drive the market for sucrose esters in this segment during the forecast period. Powdered sucrose esters are used in food products for improved stability, mouthfeel, and flavor perception. Growing use as an emulsifier, coupled with increasing demand from the animal feed sector are factors expected to provide numerous market growth opportunities in the coming years.
The end-uses for sucrose esters include food & beverages, cleaning agents & detergents, personal care & cosmetics, and others. The food & beverage industry uses sucrose esters in a wide range of products such as dairy, baked goods, meat products, and confectionery. Increasing health concerns among adults as well as kids drive the growth of this segment.
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The personal care & cosmetics segment accounted for a significant share in 2020. Wide use in cosmetics such as face creams and make-up products boost the growth of the market. Increasing consciousness towards physical appearance and fitness coupled with a hectic lifestyle has increased the demand for sucrose esters in the personal care & cosmetics segment.
The different functions of sucrose esters include controlled sugar crystallization, protein & starch interaction, antimicrobial property, aeration, emulsification, and others. Sucrose esters are used in confectionery such as candies, caramel, fondant, and cereal bars to regulate sugar crystallization, enhance emulsification, and reduce the stickiness of confectionery to equipment.
Asia Pacific is expected to witness substantial growth. Population growth, rising disposable incomes, and growing use in food products such as bakery, dairy, and confectionery drive the market growth in the region. The population in the region is gradually moving from traditional food groups to a range of healthier food options and is willing to spend more on food products offering high nutritional value. With increasing consciousness regarding diet and lifestyle among youth, the market is expected to grow significantly in the coming years.
The industry leaders in the market for sucrose esters are collaborating and acquiring assets to cater to the growing consumer demand owing to technological advancements and increasing applications. Broadening of the product portfolio is another trend that is visible in the industry.
Some of the major market participants include Evonik Industries, Sisterna, P&G Chemicals, Mitsubishi Chemical Holdings Corporation, World Chem Industries, BASF, Adana Food Tech, Croda International, Alfa Chemicals, Stearinerie Dubois, Compass Foods, Alchemy Ingredients, and Zhejiang Synose Tech.
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