The global sucrose esters market size is projected to grow from USD 76 million in 2019 to USD 106 million by 2025, recording a compound annual growth rate (CAGR) of 5.7% during the forecast period. The increasing trend of spending on consuming convenience food products in developing countries and multifunctional properties of sucrose esters are factors that are projected to drive the growth of the sucrose esters market. Furthermore, consumers are shifting toward dairy alternatives, which is also projected to drive the market growth.
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Some of the prominent key players are:
• BASF (Germany)
• Evonik Industries (Germany)
• P&G Chemicals (US)
• Croda International (UK)
• Mitsubishi Chemicals (Japan)
• Sisterna (Netherlands)
The Asia Pacific region is projected to be the fastest-growing market for sucrose esters during the forecast period. The region witnesses a high demand for sucrose esters in dairy products, confectioneries, and bakery products. Furthermore, the rise in awareness about the functional benefits of sucrose esters has led to an increase in their usage in the personal care products segment. They help in improving the sensory properties of oil and natural butter, which has contributed to the growth of the sucrose esters market in countries, such as China, Japan, and India.
The increasing usage of sucrose esters in confectioneries is due to its sugar crystallization properties, which improves the emulsification of molten sugar and oil, and prevents adherence to the teeth, machine or wrapping papers. It helps in increasing the plasticity, softness, and chewiness of chewing gums, and majorly increases the flavor insulating properties.
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Sucrose ester is used in cosmetics, such as foundation creams, lipsticks, face cleansing creams, and eye makeup cosmetics, which include eye shadow, eyeliners, and eyebrow products. Sucrose esters in cosmetic products help to thicken oils and silicon oil used in manufacturing cosmetics. It helps in enhancing the properties of cosmetic products by improving the sensory properties of oil and natural butter used for manufacturing cosmetics.