Reports
Global Sorbitan Monostearate Market: By Type: Food Grade, Industrial Grade, Medicine Grade; By Application: Dietary Food Supplements, Pesticides, Cosmetics, Pharmaceutical, Bakery and Confectionery, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Sorbitan Monostearate Market Outlook
The global sorbitan monostearate market is expected to grow at a CAGR of 5% in the forecast period of 2023-2028.
The market is being driven by the amplifying demand for the food grade segment of the product, owing to the booming bakery and dairy industry. The product is used in the sector as a stabilizing agent for various food products.
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Rising Demand from North America and the Asia Pacific Bolstering the Market Growth
North America and the Asia Pacific are significant sorbitan monostearate markets and are expected to significantly contribute to the market growth in the forecast period. The Asia Pacific region is bolstered by the rising demand for the product owing to changing lifestyles, increasing per capita incomes, and growing urbanisation. The growing consumption of baked and western sweets is expected to enhance the market growth for sorbitan monostearate in the Asia Pacific. The rising demand for pharmaceutical products and cosmetics is expected to enhance the market growth further in North America and the Asia Pacific as consumers are becoming more aware regarding the launch of new beauty products on digital platforms.
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Sorbitan Monostearate: Market Segmentation
Sorbitan Monostearate is an ester of stearic acid and sorbitol derivative that is used in the manufacturing of healthcare and food products.
On the basis of type, the market is divided into:
- Food Grade
- Industrial Grade
- Medicine Grade
Based on application, the industry can be segmented into:
- Dietary Food Supplements
- Pesticides
- Cosmetics
- Pharmaceuticals
- Bakery and Confectionery
- Coating and Plastics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from the Pharmaceutical and Cosmetic Industries to Drive the Global Sorbitan Monostearate Market
The demand for sorbitan monostearate is increasing due to the expanding pharmaceutical and cosmetic industries. The product is used in the pharmaceutical industry for suspension and emulsification processes. It has gained popularity in the personal care and cosmetics industry due to its extensive applications in a wide product range, such as shampoos, hair care, powders, skincare, deodorants, makeup bases, and foundations. This will further support the market growth in the forecast period. Further, the market is aided by the rising use of sorbitan monostearate in the food industry where the product is used as an emulsifying as well as a stabilising agent. Moreover, owing to ongoing research, the medicine grade segment is expected to witness a healthy growth in the forecast period.
Key Industry Players in the Global Sorbitan Monostearate Market
The report gives a detailed analysis of the following key players in the global sorbitan monostearate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Kao Corporation
- Henan Honest Foods Co. Ltd.
- Hangzhou Fuchun Food Additive Co. Ltd
- Jeevika Yugchem Pvt. Ltd.
- Guangdong Runhua Chemistry Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Food Grade, Industrial Grade, Medicine Grade |
| Breakup by Application | Dietary Food Supplements, Pesticides, Cosmetics, Pharmaceutical, Bakery and Confectionery, Coating and Plastics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Kao Corporation, Henan Honest Foods Co. Ltd., Hangzhou Fuchun Food Additive Co. Ltd, Jeevika Yugchem Pvt. Ltd., Guangdong Runhua Chemistry Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sorbitan Monostearate Market Analysis
8.1 Key Industry Highlights
8.2 Global Sorbitan Monostearate Historical Market (2018-2022)
8.3 Global Sorbitan Monostearate Market Forecast (2023-2028)
8.4 Global Sorbitan Monostearate Market by Type
8.4.1 Food Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Industrial Grade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Medicine Grade
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Sorbitan Monostearate Market by Application
8.5.1 Dietary Food Supplements
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pesticides
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Cosmetics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Pharmaceutical
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Bakery and Confectionery
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Coating and Plastics
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Sorbitan Monostearate Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Sorbitan Monostearate Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Sorbitan Monostearate Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Sorbitan Monostearate Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Sorbitan Monostearate Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Sorbitan Monostearate Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Kao Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Henan Honest Foods Co. Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hangzhou Fuchun Food Additive Co. Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Jeevika Yugchem Pvt. Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Guangdong Runhua Chemistry Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1. Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2. Project Requirements and Cost Analysis
2.1 Land, Locations, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Sorbitan Monostearate Market: Key Industry Highlights, 2018 and 2028
2. Global Sorbitan Monostearate Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Sorbitan Monostearate Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Sorbitan Monostearate Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Sorbitan Monostearate Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Sorbitan Monostearate Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Sorbitan Monostearate Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Sorbitan Monostearate Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Sorbitan Monostearate Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Sorbitan Monostearate Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Sorbitan Monostearate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Sorbitan Monostearate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Sorbitan Monostearate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Sorbitan Monostearate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Sorbitan Monostearate Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Sorbitan Monostearate Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Sorbitan Monostearate Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Sorbitan Monostearate Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major drivers of the industry such as rising disposable incomes, rapid urbanisation, growing demand for baked goods, and rising demand from the application segments, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising R&D activities involving the product’s use in the medical sector.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of the product in the market are food grade, industrial grade, and medicine grade.
The major application segments in the market are dietary food supplements, pesticides, cosmetics, pharmaceuticals, bakery and confectionery, and coating and plastics, among others.
The major players in the industry are 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.
Analyst Review
The global sorbitan monostearate market is being driven by rising demand from the supplication segments. Aided by the growing R&D activities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the industry is bifurcated into food grade, industrial grade, and medicine grade. On the basis of application, the market is divided into dietary food supplements, pesticides, cosmetics, pharmaceuticals, bakery and confectionery, and coating and plastics, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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