Global Sorbitan Esters Market to Generate US$1721.5 Million, Globally, by 2025 at 5.2% CAGR : Fairfield Market Research
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A strong preference for vegan and organic products is directly responsible for the food segment dominating the global sorbitan esters market. The market is also expected to benefit from the rapidly growing, fashion-conscious population residing in the APAC region. This dynamic will be fuelled by explosion of social media influencers spurring demand for cosmetics, benefiting the Asia Pacific sorbitan esters market.
Millennials Opening Artisanal Bakeries and Cooking at Home
Millennial customers have steadily shifted towards vegan and organic products and are ready to pay the premium for them. In addition, their busy lifestyles makes them opt for ‘on-the-go’ food such as bread or baked goods. To cater to this, several home and artisanal bakeries have emerged in metropolitan areas around the globe. Sorbitan esters are a critical ingredient in food & beverages as they enhance taste, texture, and also function as a stabilizing agent.
Europe Trend Setter in the Global Sorbitan Esters Market
It is hardly surprising that Europe accounts for the largest piece of the global sorbitan esters pie. The prevalence of bread and baked products in Europe due to their convenience resulted in the regions’s bakery product market being worth a staggering US$ 230 Bn in 2020.
Global Sorbitan Esters Market Press Release: https://www.fairfieldmarketresearch.com/sorbitan-esters-market-expands-amid-increasing-application-in-food-and-cosmetics-sectors-new-study/
Europe has been a trendsetter for decades and artisanal bakers have a longstanding heritage in the region. The move towards healthier food has been made possible by supermarket chains expressly advertising their natural and plant-based alternatives front and center on store shelves. In the long run, Fairfield Market Research projects APAC to play a vital role in the global sorbitan esters market, on account of its massive population undergoing a transformational shift. The popularity of social media has been marked by a heightened focus on personal grooming and cosmetic products. The hot climates of most APAC nations leads to largescale consumption of sunscreen and moisturizing lotions, boding well for the APAC sorbitan esters market.
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Information Inadequacy Could Pose a Challenge in the Long Run
The excessive consumption of sorbitan esters can be immensely harmful and potentially toxic. As of 2017, regulatory bodies mandated the acceptable daily intake (ADI) of sorbitan esters to 25 mg/kg body weight. Although various regulatory bodies have laid down guidelines for the acceptable daily intake, consumers may become wary of sorbitan esters. There has also been a surge of misinformation about the consumption of chemicals such as sorbitan esters in food products, worrying the general public.
Competitive Market Awaits New Entrants in the Global Sorbitan Esters Market
Fairfield Market Research has exhaustively analyzed Dupont, Oleon Holding NV, Esterchem Ltd, Lonza Group AG, Vantage Specialty Chemicals Inc, Merck KGaA, Ivanhoe Industries Inc, Penta International Corp, Avatar Corporation and SABO S.p.A in this report.
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