Sucrose Esters Market annual growth rate is 5.8 percent
Sucrose Esters Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Sucrose Esters Market was valued at USD 55.4 Million in 2017 and projected to reach USD 74.2 Million by 2020 growing at a CAGR of 5.8% during the forecast period 2017 to 2020.
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Sucrose Esters Market Growth Drivers and Restraints:
Currently, customers are becoming more health conscious when it comes to eating food, whether it is bakery products, dairy products, confectionery products, cereal products or other food products. The sucrose ester not only has the emulsifying properties, but also has the ability to change the fat or even act as a low-fat substitute. This is an important feature that can contribute to the supply to the world market of sucrose esters in the food and beverage industry. Furthermore, since sucrose esters have a maximum cost of hydrophilic-lipophilic equilibrium, they act as an exceptional emulsifier. Since the sucrose ester is an exceptional emulsifier, it can be used better in the food industry, especially to preserve the quality of processed foods.
Geographical Insights of Sucrose Esters Market:
The world market for sucrose esters is divided into Latin America, Europe, North America, Asia-Pacific and the Middle East and Africa. The sucrose ester market, mainly in Western Europe, is expected to represent the largest market share in terms of volume, followed closely by the North American region. Asia Pacific should be one of the most important developing markets for sucrose esters. Sucrose esters have become extremely popular among producers of baked goods, dairy products, confectionery, cereals and other beverages and processed food products in developing regions of Latin America and Asia Pacific not because of their emulsifying properties, but because to their ability to replace fats or act as low-fat changes. As a result, the growing demand for low-fat products is expected to support the development of the sucrose ester market worldwide.
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Key Players of Sucrose Esters Market:
Croda International Plc, BASF SE, Evonik AG, Sisterna B.V., Alfa Chemicals, P&G Chemicals, Mitsubishi Chemical Holdings Corporation, Stearinerie Dubois, and Dai-Ichi Kogyo Seiyaku Co. Ltd are the major players of the market.
Sucrose Esters Market Segmentation:
By Form:
- Powder
- Liquid
- Pellet
- Granules
By Application:
- Food
- Detergents & Cleaners
- Personal Care
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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