Asia-Pacific To Hold The Lion's Share In The Sucrose Esters Market

(MENAFN- Straits Research) Asia-Pacific holds the lion's share in the sucrose esters market as the region is backed by the presence of burgeoning end-user industries and leading market players. Rising consumer income has resulted in higher consumption of bread and confectionery products in the region. South Korea spearheads Asia-Pacific's sucrose esters market as the country possesses the world's largest cosmetic brands. In recent times, South Korea's beauty exports rose from USD 1 billion in 2012 to USD 2.64 billion in 2017, statistics recorded by the Korean customs Service.
Sucrose esters are used in a variety of cosmetics and personal care products, such as lotions, bath products, makeup products, suntan products, and shampoos. They are used in the bath and cleansing products as they improve foam density, emulsify certain essential oils, and contribute to the conditioning effect of shampoos and conditioners. Sucrose ester with high hydrophilic-lipophilic balance value is a preferred choice for manufacturing sunscreen gels, which are diluted into milk after use. Thus, the high demand for sucrose esters from the cosmetic industry drives regional market growth.
Impact of Covid-19
COVID-19 is an unprecedented public health crisis, having adverse effects on every industry across the globe. Consumer demand patterns have shifted and changed drastically, owing to several economic reasons. The global supply chains are re-routed, and companies are procuring raw-materials locally. The governments are intervening in the operations of the economy; on the other hand, companies are striving to adapt to the new and uncertain market conditions. Consumers have reduced out-of-home food consumption, further hampering the market growth.
Key Highlights

The sucrose esters market is expected to grow with a CAGR of
xx% owing to its unique properties and extensive application in the personal care market
The personal care product segment holds the highest market share during the forecast period backed on account of the increasing focus of consumers on aesthetics and looks
The liquid segment holds the largest market share on account of its easy solubility in various applications as compared to the other forms
Europe's sucrose esters market is largely driven by the rapidly growing bakery, confectionery, and chocolate industries in the region


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Key Players

BASF SE
Evonik Industries AG
P&G Chemicals
Croda International Plc
Mitsubishi Chemical Holdings Corporation
Sisterna B.V.
Stearinerie Dubois
Dai-Ichi Kogyo Seiyaku Co. Ltd
Alfa Chemicals
World Chem Industries
Compass Foods Pte Ltd.
Zhejiang Synose Tech Co., Ltd.

Sucrose Esters Market: Segmentation
By Source

Natural

Animal
Plant


Synthetic

By Application

Food and Beverage

Baked Products
Desserts
Dairy Products
Confectionary
Meat and Meat Products


Personal Care Products

Skin Care
Cosmetics
Hair Care
Body Care
Sun Protection


Detergents and Cleaners
Pharmaceuticals
Industrial Use

By Form

Powder
Liquid
Pellet

By Region

North America
Europe
Asia-Pacific
South America
The Middle-East and Africa


" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods

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