Polysorbate Market By Source (Plant, Animal, Synthetic), By Grade (Polysorbate 20, Polysorbate 40, Polysorbate 60, Polysorbate 80), By End-use (Food and Beverages, Pharmaceutical, Cosmetics and Personal Care, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global polysorbate market was valued at $0.8 billion in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. Polysorbate are class of emulsifiers that are used as emulsifier, stabilizer, disinfectant, and solubilizer in pharmaceutical, food preparation, cosmetics and personal care, paints, and other sectors. It is oil liquid that is derived from ethoxylated sorbitan (a derivative of sorbitol). Further, ethoxylated sorbitan is esterified with fatty acids to form polysorbate.
The , increasing number of older population in countries such as France, Italy, and others has surged the demand for anti-aging creams where plant-based polysorbate is widely used for as a stabilization agent. This is anticipated to increase the sales of plant-based polysorbate; thus, boosting the growth of polysorbate market. In addition, increases in disposable income coupled with busy lifestyles have surged the demand for packed food items where synthetic sourced polysorbate is used as a stabilizing agent for producing a wide range of packed food items. This may act as one of the key drivers responsible for the growth of the synthetic sourced polysorbate. Furthermore, the extensive use of surfactants in households and industries has led synthetic-sourced polysorbate manufacturers to increase their production capacities where synthetic-sourced polysorbate is used as a stabilizing agent in detergent manufacturing. This is further anticipated to augment the growth of the polysorbate market. However, health-related disorders associated with the use of polysorbates above maximum concentration limits may hamper the growth of the polysorbate market during the forecast period.
On the contrary, the emergence of deadly contagious diseases such as cancer, HIV/AIDS, tuberculosis, and others has led manufacturers to produce highly efficient medicines where polysorbate is widely used in in the oncology setting for chemotherapy, supportive care, or prevention. This is anticipated to increase the sales of polysorbate; thus, creating lucrative opportunities for the market.
The polysorbate market is segmented into the source, grade, end-use, and region. By source, the market is divided into the plant, animal, and synthetic source. By grade, the market is classified into polysorbate 20, polysorbate 40, polysorbate 60, and polysorbate 80. By end use, it is fragmented into food & beverage, pharmaceuticals, cosmetics, and personal care, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global polysorbate market profiles leading players that include Aceto, Alfa Aesar, BASF SE, Croda International Plc, Estelle Chemicals Pvt. Ltd., Evonik Industries AG, Guangdong Huana Chemistry Co., Ltd., Lanxess, Matangi Industries, Merck KGaA, Mohini Organics Pvt. Ltd., Niram Chemicals, Otto Chemie Pvt. Ltd., TCI America, and Venus. The global polysorbate market report provides an in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polysorbate market analysis from 2021 to 2031 to identify the prevailing polysorbate market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the polysorbate market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global polysorbate market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End-use
Food and Beverages
Pharmaceutical
Cosmetics and Personal Care
Others
By Source
Plant
Animal
Synthetic
By Grade
Polysorbate 20
Polysorbate 40
Polysorbate 60
Polysorbate 80
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
BASF SE
Aceto Corp.
Alfa Aesar
Croda International plc
Estelle Chemicals Pvt. Ltd.
EVONIK INDUSTRIES AG
Guangdong Huana Chemistry Co., Ltd.
Lanxess
Matangi Industries
Mohini Organics Pvt. Ltd.
Merck KGaA
Niram Chemicals
Otto Chemie Pvt. Ltd.
TCI America
VENUS ETHOXYETHERS PVT.LTD.
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