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The global sorbitan monostearate industry is being driven by the rising demand from the food industry. The key players, such as Hangzhou Fuchun Food Additive Co. Ltd, offer a wide range of products formulated with the help of sorbitan monostearate, namely, dry yeast, margarine, shortening, whipping cream, and coffee mate, among others. The product application varies from item to item, like in cake, sorbitan monostearate promotes enlargement of the cake volume, improvement of cake texture, and prolonged shelf life. The main role of sorbitan monostearate largely remains the same in the bakery and dairy products, including good for water-in-oil type emulsifier and strong emulsifying dispersion and wetting effect.
The Asia Pacific region is a significant market for sorbitan monostearate as the region is highly receptive to the products offered by new brands in cosmetics and pharmaceuticals. The regional market is also supported by the rising inclination towards bakery products, promoted through aggressive marketing on digital platforms. Further, factors such as increasing disposable incomes, enhancing living standards, and growing urbanisation are positively influencing the market growth of sorbitan monostearate in the Asia Pacific. In addition, the rising penetration of distribution channels such as Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) are further contributing to the growth of the sorbitan monostearate industry. These platforms offer lucrative deals on several cosmetic, pharmaceutical, and food products consisting of sorbitan monostearate. As the demand for these products increases, the market is expected to grow likewise.
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Kao Corporation, Henan Honest Foods Co. Ltd., Hangzhou Fuchun Food Additive Co. Ltd, Jeevika Yugchem Pvt. Ltd., and Guangdong Runhua Chemistry Co., Ltd., among others, are the key players in the global sorbitan monostearate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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