Sucrose Esters Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Powder, Pellet); By Function; By End-Use; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 112
- Format: PDF
- Report ID: PM1845
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global sucrose esters market was valued at USD 95.61 million in 2023 and is expected to grow at a CAGR of 5.9% during the forecast period.
Sucrose esters are a group of compounds derived from USD sucrose, which is a disaccharide composed of glucose and fructose. These esters are formed by replacing one or more hydroxyl groups of sucrose with fatty acid groups through esterification. The most common fatty acids used in the production of sucrose esters are derived from vegetable oils, such as palm oil or coconut oil.
The sucrose esters market has witnessed significant growth in recent years because of the increasing demand for food products with improved texture, stability, and shelf life. Sucrose esters act as effective emulsifiers and stabilizers, making them valuable additives in the formulation of various processed foods. The growing focus on convenience foods and the expanding processed food industry has further fueled the demand for sucrose esters as manufacturers seek solutions to enhance product quality and meet consumer preferences.
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Despite this, the sucrose esters market is hindered by the fluctuating prices of raw materials, particularly vegetable oils like palm oil, which impact production costs and, subsequently, the pricing of sucrose esters. Also, regulatory laws and evolving food safety standards pose challenges for market players. Adherence to stringent regulations and compliance with regional standards require continuous efforts and investments in research and development to ensure the safety and quality of sucrose ester products.
Growth Drivers
The constantly evolving bakery and confectionery industry drives the market growth.
The sucrose esters market is experiencing significant growth due to the ever-evolving bakery and confectionery industry. As consumer preferences continually shift and demand for new and high-quality products rises, manufacturers in the bakery and confectionery sector are increasingly turning to sucrose esters to meet these evolving requirements. Sucrose esters function as flexible emulsifiers and stabilizers, offering a solution to enhance the texture and overall quality of baked goods and confectionery items.
The demand for innovative bakery products, such as customized cakes, pastries, and confectionery products, has driven the adoption of sucrose esters as essential ingredients in formulations. These esters contribute to the development of desirable textures, extended shelf life, and improved product stability, meeting the standards of consumers in today’s market.
Report Segmentation
The market is primarily segmented based on form, function, end-use, and region.
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By Form |
By Function |
By End-Use |
By Region |
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By Form Analysis
The powder form segment is expected to grow at a significant CAGR over the forecast period.
The use of powdered sucrose esters is expected to rise over the forecast period because of the high demand from the food and beverage industry. These esters are commonly included in baked goods and meat products due to their beneficial properties such as thermal and pH stability, ease of use, functional benefits, and ability to increase shelf life. Also, powdered sucrose esters offer distinct advantages in terms of handling, storage, and transportation compared to their liquid forms. The powder form provides ease of incorporation into dry mixes, allowing for uniform dispersion and preventing issues related to separation during storage. This characteristic makes powdered sucrose esters particularly attractive in applications within the food and beverage industry, including bakery and confectionery.
By Function Analysis
The function of sucrose esters as emulsifying agents contributed most of the revenue share in 2023.
The use of sucrose esters as emulsifying agents has played an important role in securing the majority of the revenue share in the market because sucrose esters are essential for achieving and maintaining stable mixtures of water and oil-based ingredients. This function is crucial in various applications, particularly in baked goods, confectionery, and dairy products. Sucrose esters are used as an emulsifying agent in a wide range of products such as desserts, soups, and syrups, among others. They are also used for extending the shelf life of products and providing greater stability. The emulsifying properties of sucrose esters enhance the overall quality and attractiveness of food products by providing a smooth and uniform consistency.
Regional Insights
Europe region dominated the market in 2023.
The dominance of the European region in terms of revenue share is because of the significant use of sucrose esters in the European food and beverage industry. The region's robust food processing industry, particularly in segments such as bakery, confectionery, and dairy, has witnessed a growing demand for innovative and high-quality ingredients like sucrose esters. Along with this, the European consumer base emphasizes premium product quality, texture, and clean-label formulations, where sucrose esters find use as natural and effective emulsifiers.
The anticipated significant CAGR for the North American region is driven by the increasing importance of sucrose esters in the food and beverage industry within this region. North America has witnessed a growing preference for unique and innovative food products, including bakery, confectionery, and processed goods. Moreover, the region's dynamic cosmetics industry, linked with a trend towards clean-label formulations and transparency, has boosted the adoption of sucrose esters as natural and safe ingredients in cosmetics formulations.
Key Market Players & Competitive Insights.
Manufacturers in the sucrose esters market are active in a range of activities focused on meeting the growing demand. Research and development efforts play a crucial role as companies focus on enhancing the functionality and applications of sucrose esters in cleaning agents, detergents, personal care, and cosmetics. This involves exploring new formulations, optimizing production processes, and addressing sustainability concerns related to raw material sourcing, particularly palm oil. Manufacturers also invest in technologies that improve the efficiency and cost-effectiveness of sucrose ester production.
Some of the major players operating in the global market include:
- Adana Food Tech
- Alchemy Ingredients
- Alfa Chemicals
- BASF
- Compass Foods
- Croda International
- Evonik Industries
- Mitsubishi Chemical Corporation
- P&G Chemicals
- Sisterna
- Stearinerie Dubois
- World Chem Industries
- Zhejiang Synose Tech
Recent Developments
- In August 2021, Mitsubishi Chemical Corporation, a chemical manufacturing company, announced the construction of a new sugar ester production facility at its Fukuoka plant in Japan to increase the production capacity of sucrose esters.
Sucrose Esters Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 100.84 Million |
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Revenue Forecast in 2032 |
USD 159.20 Million |
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CAGR |
5.9% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD Million and CAGR from 2024 to 2032 |
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Segments Covered |
By Form, By Function, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements concerning countries, regions, and segmentation. |
FAQ's
The global sucrose esters market size is expected to reach USD 159.20 Million by 2032
key players in Sucrose Esters Market are Adana Food Tech, Alchemy Ingredients, Alfa Chemicals, BASF, Compass Foods
Europe contribute notably towards the Sucrose Esters Market
The global sucrose esters market is expected to grow at a CAGR of 5.9% during the forecast period.
The Sucrose Esters Market report covering key segments are form, function, end-use, and region.
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