Press release
Global Sucrose Esters Market: Vigorous Growth, Dynamic Drivers, and Market Size Forecast for 2024-2029
What Is The Projected Market Size Of The Global Sucrose Esters Market And Its Growth Rate?
The global sucrose esters market has experienced rigorous growth in recent years and is predicted to continue its growth pace with the following statistics:
• 2024 Market Size: $99.05 billion
• 2025 Market Size: $107.79 billion (8.8% CAGR)
• 2029 Market Size: $157.61 billion (10.0% CAGR)
This admirable growth in the historic and forecast periods is attributed to factors such as the rising use of sucrose esters in food emulsification, cosmetics, personal care, sustainable food ingredients, and the beverage industry among others.
What Is Driving The Growth In The Sucrose Esters Market?
The escalating health consciousness among consumers is the main driving force for the sucrose esters market. As a low-fat alternative in the food processing industry, sucrose esters are gaining popularity due to their fat-replacing and emulsification properties. It is evident from the 2022 Food and Health Survey results where 52% of the Americans reported following a specific diet or eating pattern, a significant increase from 39% in 2021. The most popular diets included calorie tracking, clean eating, mindful eating, and plant-based eating, indicating an increased demand for healthier foods.
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Who Are the Key Players Driving Sucrose Esters Market Growth?
A blend of global corporations contribute to the sucrose esters market strength including:
• Sisterna BV
• Alfa Chemicals Ltd.
• Compass Foods Pte. Ltd.
• Croda International
• Dai-Ichi Kogyo Seiyaku
• Evonik Industries AG
• Felda Iffco LLC
• NatureWell Sucrose Esters
• P&G Chemicals
• Stearinerie Dubois
• Archer Daniels Midland Company
• BASF SE
• Bunge Limited
• Cargill Inc.
• Corbion N.V.
• Dupont de Nemours Inc.
• Estelle Chemicals Pvt. Ltd.
What Are The Key Trends In The Sucrose Esters Market?
Several major trends observed in the forecast period for the Sucrose Esters Market include:
• Improved texture and mouthfeel
• Evolution of microencapsulation techniques
• Advent of biodegradable cleaning products
• Advancements in manufacturing technologies
What Are The Segments Of The Global Sucrose Esters Market?
The global sucrose esters market comprises multiple segments such as:
1) By Form: Powder, Liquid, Pellet
2) By Function: Protein And Starch Interaction, Antimicrobial Property, Controlled Sugar Crystallization, Emulsification, Aeration
3) By End-User: Food And Beverages, Detergents And Cleansers, Cosmetics And Personal Care, Other End-Users
Which Region Leads The Sucrose Esters Market?
In 2024, Europe was the largest region in the sucrose esters market share. However, Asia-Pacific is expected to be the rapidly emerging region in the forecast period.
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What Is Covered In The Sucrose Esters Market Global Market Report?
- Market Size Analysis: Analyze the Sucrose Esters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sucrose Esters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sucrose Esters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sucrose Esters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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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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