Sorbitan Monolaurate Market Size, Share, Trends, Growth 2030
Sorbitan Monolaurate Market By Application [Food, Personal Care Industry, Pesticides, Pharmaceuticals, and Coating & Plastic], By Personal Care Industry [Hair Care, Powders, Skin Care, Deodorants, Makeup, and other Cosmetics] , And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 810.44 Million | USD 1,053.25 Million | 3.33% | 2022 |
Description
The global sorbitan monolaurate market size was worth around USD 810.44 million in 2022 and is predicted to grow to around USD 1,053.25 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.33% between 2023 and 2030.
Global Sorbitan Monolaurate Market: Overview
Sorbitan is derived from sorbitol and is the generic name of anhydrides. It is a hex hydric alcohol that is crystalline. It occurs naturally from algae, seaweed, and fruits. It is a viscous liquid, which is amber-colored, oily in nature, and has a slight odor. Sorbitan monolaurate is the combination of the esters form of lauric acid, polyols, and fatty acids that are the derivative of the isosorbide and sorbitan.
Global Sorbitan Monolaurate Market: Growth Factors
There is great demand for sorbitan monolaurate in the cosmetic industry due to its emulsifying properties, this is the key factor that is boosting the growth of global sorbitan monolaurate market. There has been a rapid increase in the applications of sorbitan monolaurate in various end-user industries; this is owing to the fact that the companies are making extensive developments and research, which is fuelling the growth of the market. In the bakery and confectionary, sorbitan tristearate is being used widely thus accounting for the global sorbitan monolaurate market growth.
This anticipates accounting for more than half of the market share with regards to both value and volume. There is a huge demand for sorbitan monolaurate in the personal care industry in the cosmetic segment where it is used in the eye makeup, moisturizers, skin cleansing, and other skin care products.
Global Sorbitan Monolaurate Market: Segmentation
The market for the sorbitan monolaurate is broadly fragmented into its applications. Based on the application, the market is segregated into food, personal care industry, pesticides, pharmaceuticals, and coating & plastic. The food segment is sub-segmented into meat products, sauces, bakery and confectionary products, dietary food supplements, beverage whiteners, and others. The personal care industry segment is sub-categorized into hair care, powders, skin care, deodorants, makeup, and other cosmetics.
Sorbitan Monolaurate Market : Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Sorbitan Monolaurate Market Research Report |
| Market Size in 2022 | USD 810.44 Million |
| Market Forecast in 2030 | USD 1,053.25 Million |
| Growth Rate | CAGR of 3.33% |
| Number of Pages | 215 |
| Key Companies Covered | Coast Southwest, Inc., Coast Southwest, Inc., Kawaken Fine Chemicals Co., Ltd., Fitz Chem Corporation, ERCA Group, Estelle Chemicals Pvt., Ltd., Hangzhou Funchan Food Additive Co., Ltd., Triveni Chemicals, Croda India Company Pvt. Ltd., Flowers Song Fine Chemical Co., Ltd., Victorian Chemical Company Pty Ltd., ERCA SPA, Colonial Chemical, Inc., Burlington Chemical Company, Kao Chemicals, The Dow Chemical Company, Guangzhou Ruhana Food Additive Co., Ltd., Henean Honest Food Co., Ltd., Jeevika Yugchem Private Limited, and Kawaken Fine Chemicals Co., Ltd. |
| Segments Covered | By Personal Care Industry, By Application and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 - 2030 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Sorbitan Monolaurate Market: Regional Analysis
The market for the sorbitan monolaurate is geographically segmented into North America, the Middle East and Africa, Asia-Pacific, Western Europe, Eastern Europe, and Latin America. One of the largest markets for the sorbitan monolaurate is Europe; it is due to the flourishing food and beverages industry.
In the Western European region, the sorbitan monolaurate market will grow in the years to come owing to the rapid growth of the bakery and confectionary products. Asia Pacific region is also contributing a good market share but the growth rate is moderate.
Global Sorbitan Monolaurate Market: Competitive Players
The global sorbitan monolaurate market is led by players like:
- Coast Southwest, Inc
- Coast Southwest, Inc
- Kawaken Fine Chemicals Co Ltd
- Fitz Chem Corporation
- ERCA Group
- Estelle Chemicals Pvt Ltd
- Hangzhou Funchan Food Additive Co Ltd
- Triveni Chemicals
- Croda India Company Pvt. Ltd
- Flowers Song Fine Chemical Co., Ltd
- Victorian Chemical Company Pty Ltd
- ERCA SPA
- Colonial Chemical, Inc
- Burlington Chemical Company
- Kao Chemicals
- The Dow Chemical Company
- Guangzhou Ruhana Food Additive Co Ltd
- Henean Honest Food Co., Ltd
- Jeevika Yugchem Private Limited
- Kawaken Fine Chemicals Co Ltd.
The global sorbitan monolaurate market is segmented as follows:
By Application
- Food
- Personal Care Industry
- Pesticides
- Pharmaceuticals
- Coating & Plastic
By Personal Care Industry
- Hair Care
- Powders
- Skin Care
- Deodorants
- Makeup
- Other
Global Sorbitan Monolaurate Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
Table Of Content
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FrequentlyAsked Questions
Sorbitan monolaurate is a chemical compound classified as sorbitan esters, which are surfactants. By esterifying sorbitol (a sugar alcohol) with lauric acid (a fatty acid derived from coconut or palm oil), this compound is produced. The compound that is produced is frequently employed in a variety of cosmetic, pharmaceutical, and food products as an emulsifier.
Sorbitan monolaurate is in high demand due to its extensive application in diverse sectors, including but not limited to food, cosmetics, and pharmaceuticals. The demand for sorbitan monolaurate may be influenced by the expansion of these end-user sectors, which is initiated by demographic shifts, evolving consumer tastes, and changing lifestyles. Regulations and guidelines pertaining to the utilization of food additives and emulsifiers have the potential to exert a substantial influence on the market for sorbitan monolaurate. Adherence to safety and quality protocols is of the utmost importance for manufacturers and has the potential to impact the utilization of sorbitan monolaurate across various applications.
The global sorbitan monolaurate market size was worth around USD 810.44 million in 2022 and is predicted to grow to around USD 1,053.25 million by 2030.
The global sorbitan monolaurate market with a compound annual growth rate (CAGR) of roughly 3.33% between 2023 and 2030.
The market for the sorbitan monolaurate is geographically segmented into North America, the Middle East and Africa, Asia-Pacific, Western Europe, Eastern Europe, and Latin America. One of the largest markets for the sorbitan monolaurate is Europe; it is due to the flourishing food and beverages industry. In the Western European region, the sorbitan monolaurate market will grow in the years to come owing to the rapid growth of the bakery and confectionary products. Asia Pacific region is also contributing a good market share but the growth rate is moderate.
The key market players that are involved in the sorbitan monolaurate market include Coast Southwest, Inc., Coast Southwest, Inc., Kawaken Fine Chemicals Co., Ltd., Fitz Chem Corporation, ERCA Group, Estelle Chemicals Pvt., Ltd., Hangzhou Funchan Food Additive Co., Ltd., Triveni Chemicals, Croda India Company Pvt. Ltd., Flowers Song Fine Chemical Co., Ltd., Victorian Chemical Company Pty Ltd., ERCA SPA, Colonial Chemical, Inc., Burlington Chemical Company, Kao Chemicals, The Dow Chemical Company, Guangzhou Ruhana Food Additive Co., Ltd., Henean Honest Food Co., Ltd., Jeevika Yugchem Private Limited, and Kawaken Fine Chemicals Co., Ltd.
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