Asia-Pacific to Hold the Lion’s Share in the Sucrose Esters Market

Fri, 14 August 2020 8:48

Asia-Pacific holds the lion’s share in the sucrose esters market as the region is backed by the presence of burgeoning end-user industries and leading market players. Rising consumer income has resulted in higher consumption of bread and confectionery products in the region. South Korea spearheads Asia-Pacific’s sucrose esters market as the country possesses the world’s largest cosmetic brands. In recent times, South Korea’s beauty exports rose from USD 1 billion in 2012 to USD 2.64 billion in 2017, statistics recorded by the Korean Customs Service.

Sucrose esters are used in a variety of cosmetics and personal care products, such as lotions, bath products, makeup products, suntan products, and shampoos. They are used in the bath and cleansing products as they improve foam density, emulsify certain essential oils, and contribute to the conditioning effect of shampoos and conditioners. Sucrose ester with high hydrophilic-lipophilic balance value is a preferred choice for manufacturing sunscreen gels, which are diluted into milk after use. Thus, the high demand for sucrose esters from the cosmetic industry drives regional market growth.

Impact of Covid-19

COVID-19 is an unprecedented public health crisis, having adverse effects on every industry across the globe. Consumer demand patterns have shifted and changed drastically, owing to several economic reasons. The global supply chains are re-routed, and companies are procuring raw-materials locally. The governments are intervening in the operations of the economy; on the other hand, companies are striving to adapt to the new and uncertain market conditions. Consumers have reduced out-of-home food consumption, further hampering the market growth.

Key Highlights

  • The sucrose esters market is expected to grow with a CAGR of  xx% owing to its unique properties and extensive application in the personal care market
  • The personal care product segment holds the highest market share during the forecast period backed on account of the increasing focus of consumers on aesthetics and looks
  • The liquid segment holds the largest market share on account of its easy solubility in various applications as compared to the other forms
  • Europe’s sucrose esters market is largely driven by the rapidly growing bakery, confectionery, and chocolate industries in the region

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Sucrose Esters Market?

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Key Players

  • BASF SE
  • Evonik Industries AG
  • P&G Chemicals
  • Croda International Plc
  • Mitsubishi Chemical Holdings Corporation
  • Sisterna B.V.
  • Stearinerie Dubois
  • Dai-Ichi Kogyo Seiyaku Co. Ltd
  • Alfa Chemicals
  • World Chem Industries
  • Compass Foods Pte Ltd.
  • Zhejiang Synose Tech Co., Ltd.

Sucrose Esters Market: Segmentation

By Source

  • Natural
    • Animal
    • Plant
  • Synthetic

By Application

  • Food and Beverage
    • Baked Products
    • Desserts
    • Dairy Products
    • Confectionary
    • Meat and Meat Products
  • Personal Care Products
    • Skin Care
    • Cosmetics
    • Hair Care
    • Body Care
    • Sun Protection
  • Detergents and Cleaners
  • Pharmaceuticals
  • Industrial Use

By Form

  • Powder
  • Liquid
  • Pellet

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle-East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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