The Sucrose Esters Market was estimated to grow from USD 80.2 million in 2021 to USD 119.11 million by 2028 at a healthy CAGR of 5.78% during the forecast period.
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What is a Sucrose Esters ?
Sucrose esters or sucrose fatty acids are groups of esters that are synthesized by the esterification of sucrose and fatty acids such as Lauric acid, Palmitic acid, Stearic acid, and others. They own various properties, such as water solubility, and have a variable Hydrophilic-Lipophilic balance (HLB) value which gives sucrose esters exceptional emulsifying properties.
Sucrose esters are available in different forms, such as powder, liquid, and pellet that are used in various applications, such as food, personal care products, detergents & cleansers, and others.
The supply chain of this market comprises raw material manufacturers, PPA manufacturers, masterbatch makers, compounders, component manufacturers, and OEMs.
Drivers
The sucrose esters market is mainly driven by:
Increasing trend of spending on convenience food products in developing countries, owing to their multifunctional properties.
Key Players
The key players in the PPA market include-
- BASF SE
- Evonik Industries AG
- P&G Chemicals
- Croda International Plc
- Mitsubishi Chemicals Corporation.
Mergers & acquisitions, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the marketthe .
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Sucrose Esters Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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