Global Sucrose Esters Market is Forecast to Reach USD 74.6 million by 2020

Date: 2016-02-23

The sucrose esters market is projected to reach a value of USD 74.6 million by 2020, growing at a CAGR of 6.0% from 2015. Increasing health concerns among the calorie-conscious population have increased the demand for healthier, low-calorie foods. The application of modern food processing techniques is driving the expansion of sucrose esters production and new product developments in diverse segments, such as dairy, bakery, confectionery, personal care, pharmaceuticals, and agrochemicals.

“Food application accounted for the largest market share in 2014” 
Among the applications of sucrose esters such as food, detergents & cleaners, personal care, and others, food application accounted for the largest market share in 2014, followed by personal care and detergents & cleaners. The sucrose esters industry is buyer-oriented and exhibits potential substantial progress due to the positive growth in sectors such as the processed food & beverages industry, the personal care industry, and the detergents & cleansers industry, which have witnessed continuous variations with regard to technological up-gradation and favorable economic factors.

“Europe dominated the market with the largest share”
Europe formed the largest market for sucrose esters in 2014, while North America is projected to account for the second-largest market in 2015, in terms of value. The Asia-Pacific region is projected to be the fastest-growing market for sucrose esters, at the highest CAGR from 2015 to 2020. The global sucrose esters market is segmented region-wise, with detailed analyses of each region, with the study of the key markets. These regions include North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). Sucrose esters have become immensely popular with manufacturers of bakery, confectionery, dairy, cereals, and various other processed food & beverage products in the developing regions of Asia-Pacific and Latin America, not because of their emulsification properties, but because of their ability to replace fat or act as low-fat alternatives.

Leading players include BASF SE (Germany), Evonik Industries AG (Germany), P&G Chemicals (U.S.), Croda International Plc (U.K.), Mitsubishi Chemical Holdings Corporation (Japan), Sisterna B.V. (The Netherlands), Alfa Chemicals Ltd (U.K.), Dai-Ichi Kogyo (Japan), FELDA IFFCO SDN BHD (Malaysia), and World Chem Industries (India).

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