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Sorbitan Esters Market Share

Report ID: GMI5985
Published Date: Jun 2023
Report Format: PDF

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Sorbitan Esters Market Share

The global sorbitan esters market is highly fragmented owing to the presence of several international & regional players. Companies are engaged in intense competition, focusing on increasing production capacities, developing innovative products, and extending the geographical reach.

Large multinational corporations including :

BASF
DowDupont,Inc
Croda Internitional Plc

have a strong presence in the market with extensive portfolios and broad geographic footprint. These companies wield significant influence over market trends and are known for their continuous investments in R&D activities to develop more innovative & effective products.

Strategic alliances including mergers, acquisitions, and collaborations as well as investments in new production facilities are some of the common practices in this industry.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of sorbitan esters was valued at over USD 998 million in 2022 and will witness CAGR 6.2% through 2032, owing to the increasing demand for natural & organic beauty products, coupled with rising consumer concerns regarding skin hydration and moisture retention.

The cosmetics & personal care segment held a significant revenue share in 2022 and will continue growing backed by the surging demand for natural & organic cosmetics, along with the rising consumer consciousness regarding skin hydration & care.

North America accounted for a significant share in sorbitan esters market in 2022 and will record a strong CAGR through 2032, owing to the expansion of food processing sector as well as the rising expenditure on cosmetics & personal care products.

Large multinational corporations including BASF, Dow, and Croda have a strong presence in the market with extensive portfolios and broad geographic footprint.