The value for Sorbitan esters Market was USD 4.18 Billion in 2022 and is expected to reach USD 8.36 Billion in 2032 growing at a CAGR of 4.8% during the forecast period. The rising need for convenience foods and drinks, the rising consumption of bakery and confectionery goods, and the expanding appeal of natural and clean-label items are the main drivers of the market revenue growth. Due to shifting lifestyles, growing urbanization, and rising disposable income, the industry is also being driven by an increase in the demand for processed and packaged foods.
The necessity for texture and stability in food products, as well as the rising demand for low-fat food items, are also contributing to the market’s revenue growth. Emulsifiers are widely used in the food and beverage sector to improve product quality and stability, avoid separation, and increase mouthfeel and texture. Also, the rise in market revenue is being driven by the rising demand for functional food products that provide health benefits. Emulsifiers are added to functional food products to improve the flavor, texture, and absorption of nutrients.
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Top Leading Players in Sorbitan esters Market:
Cargill Inc, DuPont de Nemours Inc, Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group plc, BASF SE, Givaudan SA, Palsgaard A/S, AAK AB, Royal DSM N.V
Strategic Development:
- In 2021, Cargill announced its plans to acquire Leman Decoration Group, a Swiss-based supplier of cake decorations and edible solutions, to expand its portfolio of specialty ingredients for bakery and confectionery customers.
- In 2021, BASF SE acquired the vegetable and fruit processing business of Cargill, Inc. to expand its product offerings in the food ingredients market. The acquisition aimed to strengthen BASF’s position in the natural food ingredients market.
- In 2020, DuPont de Nemours, Inc. announced that it had completed the acquisition of the natural colors business of Archer Daniels Midland Company. The acquisition was aimed at expanding DuPont’s offerings in the natural food colors market.
Sorbitan esters Market Segmentation:
By Type Outlook-
- Mono di-glycerides
- Lecithin
- Sorbitan esters
- Sorbitan esters
- Others
By Application Outlook-
- Bakery Confectionery
- Dairy Frozen Products
- Convenience Foods
- Meat, Poultry Seafood Products
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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