HOME Top Market Reports Sucrose Esters Market by Application (Food, Detergents & Cleaners, and Personal Care), Form (Powder, Liquid, and Pellet), & by Region (North America, Europe, Asia-Pacific, Latin America, and Rest of the World) - Global Trends & Forecast to 2020

Sucrose Esters Market by Application (Food, Detergents & Cleaners, and Personal Care), Form (Powder, Liquid, and Pellet), & by Region (North America, Europe, Asia-Pacific, Latin America, and Rest of the World) - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: FB 4069

 

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The sucrose esters market is estimated to be valued at USD 55.7 Million in 2015 and is projected to reach USD 74.6 Million, by 2020. The market is projected to grow at a CAGR of 6.0% from 2015 to 2020. The sucrose esters market is segmented on the basis of its applications and forms. It is further segmented on the basis of regions, such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The sucrose esters market is triggered by increased usage in numerous niche applications, rising consumption of premium food & beverage products, and multifunctional abilities of sucrose esters.

This report includes estimations of market sizes for value (USD million) and volume (MT) with base year as 2014, and forecast period from 2015 to 2020. Top-down and bottom-up approaches have been used to estimate and validate the size of the global sucrose esters market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

This report provides both qualitative and quantitative analyses of the sucrose esters market, the competitive landscape, and the preferred development strategies of key players. The key players preferred new product development, joint ventures, agreements, expansions, and acquisitions as preferred strategies to gain a larger share in the market. The report also analyzes the market dynamics and issues faced by leading players.

Sucrose Esters Market

To know about the assumptions considered for the study, download the pdf brochure

The report is targeted toward the existing players in the industry, which include raw ingredient suppliers, emulsifier manufacturers, and research institutions. Key participants in the supply chain of sucrose esters include raw material suppliers, processors, sucrose ester manufacturers, distribution channels, and end users such as food, personal care, and detergent & cleaners manufacturers. Upstream players offering sucrose esters to other manufacturers involved in the production of food products, personal care products, and detergent & cleaners have been included in this report.

The target audience for the report includes:

  • Bakery & confectionery products manufacturers
  • Dairy products & beverages manufacturers
  • Food emulsifier manufacturers
  • Raw ingredients (edible oils, vinyl fatty acids, esters of lauric acid, stearic acid, or palmitic acid) suppliers
  • Promising food industry entrants involved in detergent and personal care manufacturing

Scope of the Report

On the basis of Application, the market is segmented as follows:

  • Food
  • Detergents & cleaners
  • Personal care
  • Others (pharmaceuticals and agrochemicals)

On the basis of Form, the market is segmented as follows:

  • Powder
  • Liquid
  • Pellets

On the basis of Region, the market is segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered in the Study
    1.4 Currency
    1.5 Unit
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                               2.1.2.2.1 Breakdown of Primaries, By Company Type, Designation & Region
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Overview of the Parent Industry
                    2.2.2.1 Key Segments in the Food Sector
           2.2.3 Demand-Side Analysis
                    2.2.3.1 Rising Population
                               2.2.3.1.1 Increase in Middle-Class Population, 2009–2030
                    2.2.3.2 Developing Economies, GDP (Purchasing Power Parity), 2013
           2.2.4 Supply-Side Analysis
                    2.2.4.1 Research & Development
                    2.2.4.2 Food Processing Equipment and Technologies
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Market Share Estimation
    2.6 Research Assumptions
           2.6.1 Assumptions

3 Executive Summary (Page No. - 33)
    3.1 Overview
    3.2 Sucrose Esters

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in the Sucrose Esters Market
    4.2 Sucrose Esters Market, By Food Application
    4.3 Sucrose Esters Market in the Asia-Pacific Region
    4.4 India is Projected to Be the Fastest-Growing Market
    4.5 Sucrose Esters Market, By Application
    4.6 Sucrose Esters Market: Developed vs Emerging Markets
    4.7 Sucrose Esters Market Life Cycle Analysis, By Region

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Form
           5.2.2 By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increased Usage in Numerous Niche Applications
                    5.3.1.2 Rising Consumption of Premium Food & Beverage Products Such as Bakery and Convenience Food
                    5.3.1.3 Multifunctional Physical Abilities of Sucrose Esters
           5.3.2 Restraints
                    5.3.2.1 Cost of Reactants During the Formulation Process
           5.3.3 Opportunities
                    5.3.3.1 Shift Towards Milk Alternatives
                    5.3.3.2 Growth Opportunities in the Untapped Markets
           5.3.4 Challenges
                    5.3.4.1 Competition From Lecithin and Monoglycerides

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Supply Chain
    6.3 Regulations
    6.4 Technology
           6.4.1 Solvent Process
           6.4.2 Micro Emulsion Technology
           6.4.3 Melt Process
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry
    6.6 Pest Analysis
           6.6.1 Political/Legal Factors
                    6.6.1.1 Government Regulations
           6.6.2 Economic Factors
                    6.6.2.1 Fluctuating Raw Material Prices
                    6.6.2.2 Rising Middle-Class Population With High Disposable Income
           6.6.3 Social Factors
                    6.6.3.1 Human Health Concerns
           6.6.4 Technological Factors
                    6.6.4.1 R&D Initiatives

7 Sucrose Esters Market, By Application (Page No. - 61)
    7.1 Introduction
           7.1.1 Food
                    7.1.1.1 Bakery Products
                    7.1.1.2 Confectionery Products
                    7.1.1.3 Dairy Products
                    7.1.1.4 Cereals
                    7.1.1.5 Soups & Sauces
                    7.1.1.6 Beverages
                    7.1.1.7 Others
           7.1.2 Detergents & Cleaners
           7.1.3 Personal Care Products
           7.1.4 Others

8 Sucrose Esters Market, By Form (Page No. - 77)
    8.1 Introduction
    8.2 Powder
    8.3 Liquid
    8.4 Pellets

9 Sucrose Esters Market, By Region (Page No. - 80)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 Spain
           9.3.5 The Netherlands
           9.3.6 U.K.
           9.3.7 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Rest of Asia-Pacific
    9.5 Latin America
           9.5.1 Brazil
           9.5.2 Colombia
           9.5.3 Rest of Latin America
    9.6 Rest of the World (RoW)
           9.6.1 Africa
           9.6.2 Middle East

10 Competitive Landscape (Page No. - 134)
     10.1 Overview
     10.2 Competitive Situation & Trends
     10.3 Acquisitions
     10.4 Expansions
     10.5 Agreements
     10.6 New Product Launches

11 Company Profiles (Page No. - 139)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     11.1 Introduction
     11.2 BASF SE
     11.3 Evonik Industries AG
     11.4 P&G Chemicals
     11.5 Croda International PLC
     11.6 Mitsubishi Chemical Holdings Corporation
     11.7 Sisterna B.V.
     11.8 Alfa Chemicals
     11.9 Dai-Ichi Kogyo Seiyaku Co. Ltd,
     11.10 Felda Iffco Sdn Bhd
     11.11 World Chem Industries

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 160)
     12.1 Discussion Guide
     12.2 Introducing RT: Real-Time Market Intelligence
     12.3 Available Customizations
     12.4 Related Reports


List of Tables (102 Tables)

Table 1 Regulations Pertaining to the Sucrose Esters Market
Table 2 Sucrose Esters Market Size, By Application, 2013–2020 (USD Million)
Table 3 Sucrose Esters Market Size, By Application, 2013–2020 (MT)
Table 4 Sucrose Esters Market Size for Food, By Region, 2013–2020 (USD Million)
Table 5 Sucrose Esters Market Size for Food, By Region, 2013–2020 (MT)
Table 6 Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 7 Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 8 Sucrose Esters Market Size for Bakery Products, By Region, 2013–2020 (USD Million)
Table 9 Sucrose Esters Market Size for Bakery Products, By Region, 2013–2020 (MT)
Table 10 Sucrose Esters Market Size for Confectionery, By Region, 2013–2020 (USD Million)
Table 11 Sucrose Esters Market Size for Confectionery, By Region, 2013–2020 (MT)
Table 12 Sucrose Esters Market Size for Dairy Products, By Region, 2013–2020 (USD Million)
Table 13 Sucrose Esters Market Size for Dairy Products, By Region, 2013–2020 (MT)
Table 14 Sucrose Esters Market Size for Cereals, By Region, 2013–2020 (USD Million)
Table 15 Sucrose Esters Market Size for Cereals, By Region, 2013–2020 (MT)
Table 16 Sucrose Esters Market Size for Soups & Sauces, By Region, 2013–2020 (USD Million)
Table 17 Sucrose Esters Market Size for Soups & Sauces, By Region, 2013–2020 (MT)
Table 18 Sucrose Esters Market Size for Beverages, By Region, 2013–2020 (USD Million)
Table 19 Sucrose Esters Market Size for Beverages, By Region, 2013–2020 (MT)
Table 20 Sucrose Esters Market Size for Other Food Products, By Region, 2013–2020 (USD Million)
Table 21 Sucrose Esters Market Size for Other Food Products, By Region, 2013–2020 (MT)
Table 22 Sucrose Esters Market Size for Detergents & Cleaners, By Region, 2013–2020 (USD Million)
Table 23 Sucrose Esters Market Size for Detergents & Cleaners, By Region, 2013–2020 (MT)
Table 24 Sucrose Esters Market Size for Personal Care Products, By Region, 2013–2020 (USD Million)
Table 25 Sucrose Esters Market Size for Personal Care Products, By Region, 2013–2020 (MT)
Table 26 Sucrose Esters Market Size for Other Applications, By Region, 2013–2020 (USD Million)
Table 27 Sucrose Esters Market Size for Other Applications, By Region, 2013–2020 (MT)
Table 28 Sucrose Esters Market Size, By Form, 2013-2020 (USD Million)
Table 29 Sucrose Esters Market Size, By Form, 2013-2020 (MT)
Table 30 Sucrose Esters Market Size, By Region, 2013–2020 (USD Million)
Table 31 Sucrose Esters Market Size, By Region, 2013–2020 (MT)
Table 32 North America: Sucrose Esters Market Size, By Country, 2013–2020 (USD Million)
Table 33 North America: Sucrose Esters Market Size, By Country, 2013–2020 (MT)
Table 34 North America: Sucrose Esters Market Size, By Application, 2013–2020 (USD Million)
Table 35 North America: Sucrose Esters Market Size, By Application, 2013–2020 (MT)
Table 36 North America: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 37 North America: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 38 U.S.: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 39 U.S.: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 40 Canada: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 41 Canada: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 42 Mexico: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 43 Mexico: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 44 Europe: Sucrose Esters Market Size, By Country, 2013–2020 (USD Million)
Table 45 Europe: Sucrose Esters Market Size, By Application, 2013–2020 (USD Million)
Table 46 Europe: Sucrose Esters Market Size, By Application, 2013–2020 (MT)
Table 47 Europe: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 48 Europe: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 49 Germany: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 50 Germany: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 51 France: Sucrose Esters Market Size, By Food Application, 2013-2020 (USD Million)
Table 52 France: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 53 Italy: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 54 Italy: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 55 Spain: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 56 Spain: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 57 The Netherlands: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 58 The Netherlands: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 59 U.K.: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 60 U.K.: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 61 Rest of Europe: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 62 Rest of Europe: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 63 Asia-Pacific: Sucrose Esters Market Size, By Country, 2013–2020 (USD Million)
Table 64 Asia-Pacific: Sucrose Esters Market Size, By Country, 2013–2020 (MT)
Table 65 Asia-Pacific: Sucrose Esters Market Size, By Application, 2013–2020 (USD Million)
Table 66 Asia-Pacific: Sucrose Esters Market Size, By Application, 2013–2020 (MT)
Table 67 Asia-Pacific: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 68 Asia-Pacific: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 69 China: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 70 China: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 71 India: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 72 India: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 73 Japan: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 74 Japan: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 75 Rest of Asia-Pacific: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 76 Rest of Asia-Pacific: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 77 Latin America: Sucrose Esters Market Size, By Country, 2013–2020 (USD Million)
Table 78 Latin America: Sucrose Esters Market Size, By Country, 2013–2020 (MT)
Table 79 Latin America: Sucrose Esters Market Size, By Application, 2013–2020 (USD Million)
Table 80 Latin America: Sucrose Esters Market Size, By Application, 2013–2020 (MT)
Table 81 Latin America: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 82 Latin America: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 83 Brazil: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 84 Brazil: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 85 Colombia: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 86 Colombia: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 87 Rest of Latin America: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 88 Rest of Latin America: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 89 RoW: Sucrose Esters Market Size, By Region, 2013–2020 (USD Million)
Table 90 RoW: Sucrose Esters Market Size, By Region, 2013–2020 (MT)
Table 91 RoW: Sucrose Esters Market Size, By Application, 2013–2020 (USD Million)
Table 92 RoW: Sucrose Esters Market Size, By Application, 2013–2020 (MT)
Table 93 RoW: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 94 RoW: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 95 Africa: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 96 Africa: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 97 Middle East: Sucrose Esters Market Size, By Food Application, 2013–2020 (USD Million)
Table 98 Middle East: Sucrose Esters Market Size, By Food Application, 2013–2020 (MT)
Table 99 Acquisitions, 2013–2015
Table 100 Expansions, 2015
Table 101 Agreements 2015
Table 102 New Product Launches, 2011


List of Figures (46 Figures)

Figure 1 Sucrose Esters Market Segmentation
Figure 2 Sucrose Esters Market: Research Design
Figure 3 Bakery Segment Accounted for ~31% in the Food Sector in 2014
Figure 4 Impact of Key Factors Influencing the Parent Industry
Figure 5 Global Population is Projected to Reach ~9.5 Billion By 2050
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation Methodology
Figure 9 Sucrose Esters Market Snapshot (2015 vs 2020): Market for Food Application is Projected to Grow at the Highest CAGR
Figure 10 Powder Form of Sucrose Esters to Hold the Largest Share During the Forecast Period
Figure 11 Confectionery Application is Projected to Grow at the Highest Growth Rate From 2015 to 2020
Figure 12 Asia-Pacific is the Fastest-Growing Region for the Sucrose Esters Market in 2014
Figure 13 Key Market Players Adopted Expansions and Acquisitions as Key Strategies From 2011 to 2015
Figure 14 Emerging Economies Offer Attractive Opportunities in the Sucrose Esters Market
Figure 15 Confectionery Application to Grow at the Highest Rate
Figure 16 Food Segment Captured the Largest Share for Sucrose Esters in the Asia-Pacific Market in 2014
Figure 17 India is Projected to Be the Fastest-Growing Country-Level Market for Sucrose Esters From 2015 to 2020
Figure 18 Europe Dominated the Sucrose Esters Market in 2014
Figure 19 Emerging Markets to Grow Faster Than the Developed Markets
Figure 20 The Sucrose Esters Market in Asia-Pacific is Experiencing High Growth
Figure 21 By Form
Figure 22 By Application
Figure 23 Strong Demand From Bakery & Convenience Products
Figure 24 Raw Material Suppliers are Vital Components of the Supply Chain
Figure 25 Porter’s Five Forces Analysis
Figure 26 Regional Snapshot (2014): the Markets in Asia-Pacific and Latin America are Emerging as New Hot Spots
Figure 27 North American Sucrose Esters Market Snapshot: the U.S. is Projected to Be the Global Leader Between 2015 & 2020
Figure 28 U.S. to Dominate the Sucrose Esters Market During the Forecast Period in Terms of Market Share
Figure 29 European Sucrose Esters Market Snapshot
Figure 30 Asia-Pacific Sucrose Esters Market Snapshot: India is the Most Lucrative Market
Figure 31 Latin American Sucrose Esters Market Snapshot: Brazil Most Prominent Market
Figure 32 Expansions and Acquisitions: Key Strategies of Companies
Figure 33 Expanding Revenue Base Through Acquisitions and Expansions, 2013–2015
Figure 34 New Product Launches: the Key Strategy, 2011–2015
Figure 35 Geographical Revenue Mix of Top 5 Market Players
Figure 36 BASF SE: Company Snapshot
Figure 37 BASF SE: SWOT Analysis
Figure 38 Evonik Industries AG: Company Snapshot
Figure 39 Evonik Industries AG: SWOT Analysis
Figure 40 P&G Chemicals: Company Snapshot
Figure 41 P&G Chemicals: SWOT Analysis
Figure 42 Croda International PLC: Company Snapshot
Figure 43 Croda International PLC: SWOT Analysis
Figure 44 Mitsubishi Chemical Holdings Corporation: Company Snapshot
Figure 45 Mitsubishi Chemical Holdings Corporation: SWOT Analysis
Figure 46 Dai-Ichi Kogyo Seiyaku Co. Ltd,: Company Snapshot

The sucrose esters market is projected to grow at a CAGR of 6.0% from 2015 to reach a projected value of USD 74.6 Million by 2020. The market growth is driven by increasing health concerns among the calorie-conscious population, which increases the demand for healthier, low-calorie foods. Further, the application of modern food-processing techniques is driving the expansion of its production and new product developments in diverse segments, such as dairy, bakery, confectionery, personal care, pharmaceuticals, and agrochemicals; this is likely to spur the growth of the sucrose esters market.

Depending upon its applications, the sucrose esters market is led by the food segment, followed by personal care and detergents & cleaners. The high-growth potential in emerging markets and untapped regions is driving the growth of these applications.

Among the various forms of sucrose esters, such as powder, liquid, and pellets, powdered form of sucrose esters accounted for the largest market share, in 2014, followed by liquid and pellet forms. Powered form of sucrose esters has its application mainly in personal care as well as bakery & confectionery products.

Europe accounted for the largest market share for sucrose esters, followed by North America and Asia-Pacific. The effect of busy lifestyles in developing economies has propelled the market for processed food & beverages; hence, there is a rise in the demand for emulsifiers such as sucrose esters. The growing middle-class population in the Asia-Pacific region, with the increasing high disposable income, has accelerated the growth of the sucrose esters market.

Sucrose Esters Market

Opportunities are being explored in this market through shifts towards milk alternatives and growth opportunities in the untapped markets of Asia-Pacific and Latin American regions.. On the other hand, the high cost of reactants such as lauric, palmitic, or stearic acid with smaller amounts of the di-esters that are present at every stage of production of sucrose esters, affecting the final product price, are causing a challenge for this market.

The key market players that dominated the sucrose esters market include BASF SE (Germany), Evonik Industries AG (Germany), P&G Chemicals (U.S.), Croda International Plc (U.K.), and Mitsubishi Chemical Holdings Corporation (Japan). Most key participants have been exploring new regions across the globe through acquisitions and expansions to avail a competitive advantage through combined synergies. Since 2011, the sucrose esters market has witnessed an increase in demand, especially in developing nations such as India, Indonesia, Malaysia, Colombia, Ghana, Thailand, Nigeria, and Brazil.

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