Global Outlook on Sucrose Esters: Market Forecast and Key Trends for 2024

"The Business Research Company recently released a comprehensive report on the Global Sucrose Esters Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The sucrose esters market size has grown strongly in recent years. It will grow from $91.33 billion in 2023 to $99.69 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to food emulsification, cosmetics and personal care, increased demand for sustainable food ingredients, natural and clean label trends, beverage industry, .

The sucrose esters market size is expected to see strong growth in the next few years. It will grow to $141.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing use of sucrose esters in functional foods and nutraceuticals, global health and wellness , biodegradable surfactants, growing awareness of sucrose esters' benefits, pharmaceutical innovations.. Major trends in the forecast period include improved texture and mouthfeel, microencapsulation techniques, biodegradable cleaning products, advancements in manufacturing technologies, .

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Market Drivers and Trends:

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. according to the 2022 Food and Health Survey published by International Food Information Council, a US-based nonprofit educational organization, in 2022, 52% of Americans say they followed a diet or eating pattern in the previous year, which is a significant increase from the previous few years' figures of 39% in 2021, 43% in 2020, and 38% in 2019. Consumers under the age of 50 account for the majority of the rise in diets. This year, calorie tracking (13%), clean eating (16%), mindful eating (14%), and plant-based eating (12%), respectively, are the most popular diets or eating habits. Therefore, the increasing health awareness among consumers is expected to propel the sucrose esters market going forward.

The natural-based sucrose emulsifiers are a key trend gaining popularity in the sucrose esters market. Major companies operating in the sucrose esters sector are enabling the development of sustainable products for future use in skincare and detergent products. For instance, in March 2022, Siltech Corporation, a Canada-based organo-functional silicone compounds and related specialties manufacturer and distributor, developed Silube Sustain-S, a new silicone emulsifier that has been engineered to resemble sugar (INCI: Gluconamido Lauryl Dimethicone (and) Isoamyl Laurate). Silube Sustain-S is intended for formulations with a high proportion of bio-based carbon. This is based on a reaction of glucose with an aminoalkyl functional silicone and is contained in RSPO mass balance-grade, vegetable-derived isoamyl laurate, a 100% natural and entirely biodegradable carrier. It offers the same performance advantages as current specialty silicone emulsifiers.

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Major Key Players of the Market:

Sisterna BV, Alfa Chemicals Ltd., Compass Foods Pte. Ltd., Croda International, Dai-Ichi Kogyo Seiyaku, Evonik Industries AG, Felda Iffco LLC, Guangxi Gaotong Food Technology, Guangzhou ZIO Chemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, NatureWell Sucrose Esters, P&G Chemicals, Stearinerie Dubois, World Chem Industries, Zhejiang Synose Tech Co. Ltd., Alfa Chemicals, Archer Daniels Midland Company, BASF SE, Bunge Limited, Cargill Inc., Corbion N.V., Dupont de Nemours Inc., Estelle Chemicals Pvt. Ltd., Guangzhou CARDLO Biotechnology Co. Ltd., Guangzhou City Jiaxin Chemical Co. Ltd., Guangzhou Jiahua Chemical Co. Ltd., Guangzhou Langs Chemical Additives Co. Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Guangzhou Top Billion Trading Co. Ltd., Guangzhou Zeyu Biotechnology Co. Ltd., Kerry Group, Lonza Group, Mitsubishi Chemicals, Musim Mas Holdings Pte. Ltd., Oleon NV

Sucrose Esters Market 2024 Key Insights:

• The sucrose esters market size is expected to see strong growth in the next few years. It will grow to $141.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
• Health Consciousness Fuels Sucrose Esters Market
• Growing Popularity Of Natural-Based Sucrose Emulsifiers In The Sucrose Esters Market
• Europe was the largest region in the sucrose esters market share in 2023

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