Global Sucrose Esters Market to reach USD xx million by 2027.Global Sucrose Esters Market is valued approximately at USD xx million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2021-2027. Sucrose esters are produced by esterifying sucrose with palm oil's edible fatty acids. As a result, they may be used as emulsifiers almost in any food product. Aeration, texturization, protein protection, and fat or sugar crystallization are all activities of sucrose esters in addition to emulsification. Sucrose esters are unique in that they can increase other emulsifiers and improve air bubble structure while also preventing proteins from browning, protecting starches from premature staling, inhibiting fat bloom in chocolate, and speeding up crystallization in fine-grained sugar confections . The market is driven by growing trends for consuming convenience foods in the developing nations and multifunctional properties of sucrose esters. For instance, as per Statista, the income generated by the convenience food market in each nation in 2019. In that year, China's convenience food market revenue was USD 111.0 billion, India's was USD 28.51 billion and Indonesia's was USD 12.93 Billion Furthermore, sucrose esters are an excellent emulsifier due to their high hydrophilic - Lipophilic Balance value. Sucrose Ester, being a strong emulsifier, has a lot of applications in the food industry, especially in maintaining the quality of processed foods. However, cost of reactants during the formulation process, may impede market growth over the forecast period of 2021-2027.
Geographically, The European market is expected to be the largest market shares of Sucrose. The dominance of the market in this region may be due to factors such as the region's large-scale production and consumption of baking, dairy, and confectionery products, which is supported by food & beverage producers that focus on product innovation by using novel food components. Key competitors in this market include BASF (Germany), Evonik Industries (Germany), and Sisterna (Netherlands).
Major market player included in this report are:
Mitsubishi Chemical Holdings Corporation
World Chem Industries
P&G Chemicals
Dai-Ichi Kogyo Seiyaku
Stearinerie Dubois
Guangxi Gaotong Food Technology
Zhejiang Synose Tech
Guanzhou Zio Chemical
Compass Foods
Croda International
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Powder
Liquid
Pellet
By Function:
Protein & starch interaction
Antimicrobial property
Controlled sugar crystallization
Emulsification
Aeration
By Application:
Food
Personal care products
Detergent and cleansers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Sucrose Esters Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors