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Sorbitan Monostearate Market: Segmented: By Type (Food Grade Sorbitan Monostearate, Industrial Grade Sorbitan Monostearate, Medicine Grade Sorbitan Monostearate, and Others), By Application (Cosmetic, Pharmaceuticals, Food & Beverages, Coating, Plastic, and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Report] Sorbitan Monostearate market to surpass USD 6.7 billion by 2032 from USD 3.8 billion in 2021 at a CAGR of 5.3% in the coming years, i.e., 2022-32.
Product Overview
Sorbitan Monostearate is an ester derived from a mixture of stearic acid and sorbitol. Sorbitan Monostearate is used as an emulsifier in order to keep oil and water mixed. It is also referred to as synthetic wax. There are different types of sorbiton monostearate including medicine-grade sorbitan monostearate, food-grade sorbiton monostearate, and industrial-grade sorbitan monostearate. It is commonly used to create synthetic fibers, as a brightener, metal machining fluid, and manufacturing food and healthcare products. Sorbitan Monostearate has wide application in cosmetic, plastic, leather, food and beverages, and pharmaceuticals industry.
Sorbitan Monostearate Market is expected to project a notable CAGR of 5.3% in 2032.
Rapid growth of food & beverage, pharmaceuticals, leather and cosmetic industry will propel the growth of the Sorbitan Monostearate market.
Food Grade Sorbitan Monostearate segment holds the largest market share
Sorbitan Monostearate market is classified on the basis of type into Food Grade Sorbitan Monostearate, Industrial Grade Sorbitan Monostearate, Medicine Grade Sorbitan Monostearate, and Others. Food Grade Sorbitan Monostearate segment is dominating the market with the largest share. Food Grade Sorbitan Monostearate is primarily used in the dairy and bakery industry. It acts as a stabilizing agent for various food products.
Food & Beverages segment holds the largest market share
Sorbitan Monostearate market is classified on the basis of application into Cosmetic, Pharmaceuticals, Food & Beverages, Coating, Plastic, and Others. Food & Beverages segment is dominating the market with the largest share. The growth is attributed to the use of sorbitan monostearate as an emulsifier in food and beverages industry. Furthermore, Cosmetic segment hold a significant share in the market owing to the use of sorbitan monostearate in various cosmetic products such as makeup foundations, creams, lotions, sunscreen, etc.
Rapid growth of Food and Leather Industry
Sorbitan Monostearate is used in pudding, cake icing, non-dairy creamers, baked products, yeast, and imitation whipped cream. It is utilized as an emulsifier and thickening agent in the food industry. Furthermore, Sorbitan Monostearate is used to create synthetic fibers, as brighteners, and metal machining fluid in the leather industry. The exponential growth of the food industry and the growing demand of various leather products such as shoes, and belts will induce the demand of Sorbitan Monostearate, thereby driving the growth of the market.
Expansion of Pharmaceutical and Cosmetic Industry
Sorbitan Monostearate is used for suspension and emulsification processes in the pharmaceutical industry. There is a huge demand of Sorbitan Monostearate in the cosmetic industry owing to its application in various products such as lotion, makeup bases, makeup foundation, powders, shampoos, and other skin care products. Expansion of Pharmaceutical and Cosmetic industry is fueling the growth of the market.
Substitute of Sorbitan Monostearate
Sorbitan Monostearate has various other substitutes which is hampering the market growth. Furthermore, the shortage of sorbitan monostearate limits its adoption which pose as a restraint for the market growth
Sorbitan Monostearate market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is dominating the market with the largest share. The growth is attributed to the rapidly growing food and pharmaceuticals industries in the region. Favorable government initiatives and the presence various market players will create opportunities for the market growth. Furthermore, North America to hold a significant share in the market owing to the rising use in the cosmetic industry.
Covid-19 had severely affected economic activities across the world. Many countries had to impose lockdowns and strict social distancing norms in order to control the spread of Coronavirus. There was a sharp decline in the sales of cosmetic, food and beverages, and various other products. Manufacturing units had to halt their operations and there was a huge disruption in the supply chains globally. Covid-19 had a negative impact on the Sorbitan Monostearate market. However, the market is expected to grow significantly in the post pandemic situation.
Sorbitan Monostearate Market is further segmented by region into:
Sorbitan Monostearate Market Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 3.8 billion |
| Revenue forecast in 2032 | USD 6.7 billion |
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Application, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | Estelle Chemicals Pvt. Ltd.,World Chem Industries, Hangzhou Fuchun Food Additive, Henan Honest Food, Akhil Healthcare, Jeevika Yugchem Private Limited, Triveni Interchem Pvt. Ltd., A.B Enterprises, Mohini Organics Pvt Ltd., Fine Organics, Savannah Surfactants Ltd., Croda, Kao Chemicals, and Other Prominent Players |
Sorbitan Monostearate market size was estimated at USD 3.8 billion in 2021 and is expected to reach USD 6.7 billion in 2032.
Sorbitan Monostearate, is an ester derived from the mixture of stearic acid and sorbitol. Sorbitan Monostearate is used as an emulsifier in order to keep oil and water mixed. It is also referred to as synthetic wax.
Food Grade Sorbitan Monostearate and Food & Beverages segment accounted for the largest Sorbitan Monostearate market share.
Key players: Estelle Chemicals Pvt. Ltd.,World Chem Industries, Hangzhou Fuchun Food Additive, Henan Honest Food, Akhil Healthcare, Jeevika Yugchem Private Limited, Triveni Interchem Pvt. Ltd., A.B Enterprises, Mohini Organics Pvt Ltd., Fine Organics, Savannah Surfactants Ltd., Croda, Kao Chemicals, and Other Prominent Players are the key players in the Sorbitan Monostearate market.
Rapid growth of Food and Leather Industry and Expansion of Pharmaceutical and Cosmetic Industry are the factors driving the Sorbitan Monostearate market.
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