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Sucrose Esters Market Size, Share, Trends, Industry Analysis, Business Overview, Future Challenges And Forecast To 2032
Sucrose Esters Market
Sucrose Esters Market Size, Growth Rate, And Forecast
The global sucrose esters market size grew from $83.96 billion in 2022 to $92.61 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The sucrose esters market size is expected to grow to $124.13 billion in 2027 at a CAGR of 7.6%.
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Sucrose Esters Market Drivers
Increasing health awareness among the consumers is driving the growth of the sucrose esters market. Sucrose esters are a low-fat alternative in the food processing industry. Consumers are becoming more health-conscious and diligent about their food consumption, and they are demanding low fat, low sugar foods such as baked foods, sweets, dairy products, and others. Sucrose esters, which have emulsification and fat-replacing properties, are increasingly being used in the food and beverage industries to produce healthy foods.
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Sucrose Esters Market Segments
1) By Form: Powder, Liquid, Pellet
2) By Function: Protein And Starch Interaction, Antimicrobial Property, Controlled Sugar Crystallication, Emulsification, Aeration
3) By End-User: Food And Beverages, Detergents And Cleansers, Cosmetics And Personal Care, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Sucrose Esters Market.
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Sucrose Esters Market Key Players
Major competitors in the Sucrose Esters Market include Sisterna, Evonik Industries AG, Zhejiang Synose Tech Co. Ltd., P&G Chemicals, Croda International, Stearinerie Dubois, Mitsubishi Chemical Holdings Corporation, Dai-Ichi Kogyo Seiyaku, Alfa Chemicals, Compass Foods Pte. Ltd., Guangzhou ZIO Chemical Co. Ltd., Guangxi Gaotong Food Technology, World Chem Industries, Felda Iffco LLC, and NatureWell Sucrose Esters
The Business Research Company's "Global Sucrose Esters Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sucrose Esters Market Include:
1. Executive Summary
2. Sucrose Esters Market Characteristics
3. Sucrose Esters Market Trends And Strategies
4. Sucrose Esters Market - Macro Economic Scenario
5. Sucrose Esters Market Size And Growth
.......
26. Africa Sucrose Esters Market
27. Sucrose Esters Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sucrose Esters Market
29. Sucrose Esters Market Future Outlook and Potential Analysis
30. Appendix
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The global sucrose esters market size is projected to grow from USD 76 million in 2019 to USD 106 million by 2025, recording a compound annual growth rate (CAGR) of 5.7% during the forecast period. The increasing trend of spending on convenience food products in developing countries and multifunctional properties of sucrose esters are factors that are projected to drive the growth of the market during the forecast period.
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