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Sorbitan Esters Market Size

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

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Sorbitan Esters Market Size

Sorbitan Esters Market size crossed USD 998.06 million in 2022 and is projected to expand at over 6.2% CAGR from 2023 to 2032. The increasing demand for natural & organic beauty products, coupled with rising consumer concerns regarding skin hydration and moisture retention, has led to the increased use of sorbitan esters in cream, lotion & ointment formulations. Cosmetics Europe estimates that the personal care and cosmetics industry brings in about USD 30 billion in added value annually to the European economy. The personal care ingredients industry was valued at over USD 11.5 billion in 2021, driven by the growing adoption of multifunctional personal care products.

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Food emulsifiers industry expects demand of above 1.3 million tons by 2025. Rise in processed foods consumption owing to easy availability through well-developed retail channels will foster industry growth. Food Emulsifiers provides smoothness and helps to stabilize emulsions in food & beverage production processes

Biosurfactant market size surpassed USD 8 billion in 2022 and is set to attain gains at around 5% up to 2032.The growing demand for biosurfactants in various applications including soaps & detergents, personal care, and industrial cleaning is likely to drive the sorbitan esters market growth.

Sorbitan Esters Market Report Attributes
Report Attribute	Details
Base Year:	2022
Sorbitan Esters Market Size in 2022:	USD 998.06 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 1.80 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	255
Segments covered:	Product, Application, Form, Grade and Region
Growth Drivers:	Increasing Demand in Food and Beverage Industry Increasing demand for natural & organic beauty products Growing Pharmaceutical Sector
Pitfalls & Challenges:	Environmental impact Health concerns Availability and Cost of Raw Materials

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Environmental and health concerns present growth challenges to the industry. This has spurred the need for more sustainable products and processes, and companies have been responding to the industry shift by an increased focus on testing and R&D.

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.