The sucrose esters market is projected to grow at a CAGR of 6.0% from 2015 to reach a projected value of USD 74.6 Million by 2020. The market growth is driven by increasing health concerns among the calorie-conscious population, which increases the demand for healthier, low-calorie foods.
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The report "Sucrose Esters Market by Application (Food, Detergents & Cleaners, and Personal Care), Form (Powder, Liquid, and Pellet), & by Region (North America, Europe, Asia-Pacific, Latin America, and Rest of the World) - Global Trends & Forecast to 2020", The sucrose esters market is estimated to be valued at USD 55.7 Million in 2015, and is projected to reach a value of USD 74.6 Million by 2020. The market is projected to grow at a CAGR of 6.0% from 2015 to 2020.
Browse 102 market data Tables and 46 Figures spread through 167 Pages and in-depth TOC on "Sucrose Esters Market by Application (Food, Detergents & Cleaners, and Personal Care), Form (Powder, Liquid, and Pellet), & by Region (North America, Europe, Asia-Pacific, Latin America, and Rest of the World) - Global Trends & Forecast to 2020"
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Sucrose esters are most commonly used as food additives in bakery products, confectionery, dairy products, beverages, and other processed food products.
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The industry for sucrose esters is buyer-oriented and exhibits potential substantial progress due to 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. Multifunctional physical abilities of sucrose esters along with an increase in health concerns among calorie-conscious population are projected to drive the sucrose esters market in the near future.
Significant growth in sucrose esters observed in food application
Food application of sucrose esters has observed a significant growth among the other applications of sucrose esters such as personal care, detergent & cleaners, and others. Applications such as bakery products, confectionery, dairy products, cereals, soups & sauces, beverages, and others including dips, spreads, and toppings make the food segment to dominate the sucrose esters market.
Strong product platform provided by powdered form of sucrose esters
The various forms of sucrose esters include powder, liquid, and pellets. Powdered form of sucrose esters has its applications in personal care as well as bakery & confectionery products.
Sucrose esters generally available as white powder are easily soluble in water, and are widely accepted as a food additive in many countries.
Cost-effective solutions along with a large food application base key to success in the Asia-Pacific region
The 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 their ability to replace fat or act as low-fat alternatives. Growth of the consumer products industry in the European region is expected to be driven by development in the Eastern and Southeastern European countries.
The presence of a large food & beverages industry and an established personal care & detergents industry offers the European sucrose esters market a prominent consumer base with opportunistic growth prospects.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such BASF SE (Germany), Evonik Industries AG (Germany), P&G Chemicals (U.S.), Croda International Plc (U.K.), and Mitsubishi Chemical Holdings Corporation (Japan).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging & high-growth segments of the global sucrose esters market; high-growth regions, countries, and their respective regulatory policies; government initiatives; drivers; restraints; and opportunities.
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