Global Sucrose Esters Market - 2022-2029

Global Sucrose Esters Market - 2022-2029

Market Overview

From edible fatty acids, palm oil is used to esterify sucrose to create sucrose esters. In almost all food formulations, they can thus be used as emulsifiers. Esters of sucrose are created by the reaction of sucrose and fatty acid esters. Saturated fatty acids like behenic acid, myristic acid, palmitic acid, lauric acid, and myristic are used to create sucrose esters. Some sucrose esters' functions include stabilizing, emulsifying, defoaming, dispersing, preventing, and retrograding starch. The interesterification process is typically used to create sucrose esters; in this process, the fatty acids that are used to create the esters are already esterified. Emulsion technology-based processes, which are based on micro-emulsion technology, are another way to produce sucrose esters. Oil-in-water emulsifiers are sucrose esters with high HLB, while water-in-oil emulsifiers are sucrose esters with low HLB. The key factors driving the growth of the sucrose ester market are the rising preference for convenience foods, the rising demand for personal care products, and the multifunctionality of sucrose esters.

The global sucrose esters market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 5.4% during the forecast period (2022-2029)

Market Dynamics: Demand for dairy, confectionery, and bakery goods drives market expansion

Due to rising health consciousness among consumers, rising disposable income, a preference for western lifestyles, and the prevalence of obesity and chronic diseases brought on by a busy lifestyle, there has been an increase in demand for bakery and confectionery products. It offers bakery products two advantages, namely protein interaction and starch interaction. Because of their chemical makeup, sucrose esters can interact with flour's proteins in both hydrophilic and hydrophobic ways. They can easily and successfully combine with amylose, a flour component, as they are also non-ionic. High volume, finer crumb, and increased tenderness are the outcomes over spring. They also have an impact on sugar crystallization and stability. When sucrose ester is added to dairy products, the flavor release is enhanced, overrun increases, fine foam structure forms, a creamy mouthfeel is produced, and protein flocculation is prevented.

On the other hand, more and more personal care and cosmetics products, including lotions, creams, and foundations, use sucrose esters as emulsifiers and solvents. Additionally, sucrose esters give personal care products moisturizing and anti-microbial qualities. Using natural and organic products is becoming more and more popular, which helps the market expand.

However, before a product can be introduced to the market, it must pass through a difficult approval process under strict guidelines. Government restrictions, rules, and meddling in the approval process continue to hamper market expansion.

Market Segmentation: Powdered sucrose ester segment accounted for the highest share in global sucrose esters market

The segment for powdered sucrose ester held the largest market share and is anticipated to expand at the fastest CAGR of XX% during the forecast period. Due to its capacity for uniform mixing during processing. Due to its ability to preserve the structure and texture of food products, it is frequently used in the confectionery industry. The global confectionary market is estimated to be worth $XX billion and is expanding quickly. It is widely used in baked goods, dessert icing, and sweets with fruit flavors. Sucrose esters in powdered form extend the shelf life of baked goods by minimizing the amount of water contaminated by microorganisms. To enhance the release of flavor and texture, powdered sucrose esters are also added to beverages with dairy as a base.

On the other hand, the food segment is expected to grow in the forecast period. The sucrose ester market grew due to consumers' shifting preferences, rising disposable income, and westernized eating habits, which also increased sales in the food and beverage sector. The food and beverage industry primarily uses sugar esters as emulsifiers and preservatives. Its use in dairy products is fueled by some characteristics, including emulsification, aeration, and protein protection. Its ability to stop protein flocculation and enhance flavor release are sucrose's two main benefits as a dairy product substitute. Sucrose esters can interact with dairy proteins because of their chemical makeup. This interaction makes dairy proteins more resistant to high temperatures, low pH, and destabilizing elements like alcohol and beta-glucan.

Geographical Penetration: Europe is the dominating region during the forecast period

Europe held the largest market share in the global sucrose ester market due to rising demand for bakery and confectionery goods brought on by changing consumer lifestyles and diets, rising disposable incomes, and ongoing innovation in the food and beverage industry by major market players. For instance, the Individual Quick Frozen (IQF) Technology is used to keep food products free of large ice crystals. The rising demand for pet food and the high consumer disposable income in this region are other factors driving market expansion. Among the major players in this market, BASF (Germany), Evonik Industries (Germany), and Sisterna (Netherlands) concentrate on meeting European demand for sucrose esters. The European sucrose esters market is expanding due to manufacturers' increased willingness to adhere to EU standards due to consumers' growing awareness of them.

On the other hand, because of the region's high level of consumer awareness of cosmetics products and the growing emphasis placed on the positive effects that personal grooming and beauty have on social interaction and self-esteem, the Asia Pacific is anticipated to present marketers with lucrative growth opportunities during the forecasted period. China ranks among the world's largest sucrose ester markets due to the rising awareness of health benefits.

Competitive Landscape

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major key players include World Chem Industries, Croda International PLC, Mitsubishi Chemical Holdings Corporation, BASF SE, Alfa Chemicals, P&G Chemicals, Evonik Industries AG, Sisterna B.V, Felda Iffco Sdn Bhd, Dai-Ichi Kogyo and Seiyaku Co. Ltd. These players have extensive market penetration and strong operational and financial standing. For instance, Croda International announced the acquisition of France's Alban Muller International in April 2021 to broaden its selection of all-natural active and cosmetic ingredients. With this acquisition, Croda's assortment of environmentally friendly active ingredients for the personal care market is expanded. Through the combination, Croda will also access some of the most cutting-edge technological advancements in the botanical industry. One is Zeodration, a low-energy drying technique that protects even the most delicate active ingredients. By giving Alban Muller access to its global sales network and formulation expertise, Croda hopes to accelerate Alban Muller's future growth.

COVID-19 Impact Negative impact on the global sucrose esters market

The three main ways that COVID-19 can impact the world economy are by directly affecting supply and demand, disrupting the market and supply chain, and having an economic impact on businesses and financial markets. Major food products were produced in less quantity by food manufacturers. On the other hand, there is a sharp rise in demand for immunity-boosting and less sugary products as people look for ways to improve their general health and well-being. As a result of the COVID-19 pandemic, most health-conscious consumers have turned to low-calorie or sugar-free foods. Manufacturers and product formulators started using sucrose esters due to the global population's growing health consciousness and high demand for sugar-reduced solutions.

The global sucrose esters market report would provide an access to approximately 61 market data tables, 57 figures and 170 pages