Market Overview:
The global sorbitan palmitate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cosmetic grade sorbitan palmitate and food grade sorbitan palmitate across the globe. Sorbitan palmitate is used as an emulsifier, thickener, and stabilizer in various applications such as cosmetics, food, and medicine. It helps in improving the stability of products by preventing them from separation or coalescence. Additionally, it also helps in enhancing the texture and appearance of products.
Product Definition:
Sorbitan Palmitate is a synthetic lipid that is used as an emulsifier. It helps to stabilize and mix oil and water-based ingredients in cosmetics, foods, and other products. Sorbitan Palmitate is also known as Spantech PE-50.
Cosmetic Grade:
Cosmetic grade is a form of fatty acid esters that are derived from plant oils such as palm kernel, coconut, soybean and sunflower. They are used in personal care products such as moisturizers, skincare lotions and creams. Cosmetic grade has several advantages over the industrial grades which is expected to drive the market for cosmetic grade over the forecast period.
Food Grade:
Food grade is the product that has been used as an edible ingredient in food & beverage products. It can be further refined to become a safe and suitable additive for human consumption. The major function of food-grade additives is to enhance the organoleptic properties of foods, such as taste, texture, color, flavor and fragrance.
Application Insights:
The cosmetic application segment led the global sorbitan palmitate market in 2017 and is projected to witness significant growth over the forecast period. The product has a moisturizing effect on skin and helps in reducing irritation caused by UV radiations. It also helps prevent aging effects such as wrinkles, fine lines, sagging skin tone, loss of skin elasticity and improves skin texture. These factors are likely to drive demand from various end-use industries including pharmaceuticals & cosmetics over the coming years.
Food was the second largest application for SSPC with a share of 29% in terms of volume in 2017 owing to its properties such as emulsion stabilization & sensory enhancement which make it suitable for use as food additives or processing aids.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing consumer awareness regarding appearance and grooming. Rising demand for personal care products, including skin care and cosmetics, is expected to drive the region’s sorbitan palmitate market over the forecast period. The U.S., in particular, is projected to be a key revenue-generating country for SGP on account of high consumption of cosmetic products coupled with rising R&D activities by various companies aimed at commercialization of new product formulations.
Europe accounted for over 25% share in 2017 owing to stringent regulations by governing bodies such as EMEA (European Medicines Agency) and FDA (Food & Drug Administration) pertaining to use of natural ingredients in pharmaceutical applications that are anticipatedto hamper industry growth considerably.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, food & beverages, and pharmaceuticals
- Rising awareness about the benefits of Sorbitan Palmitate among consumers
- Growing investment by manufacturers in research and development to introduce new products
- Expansion of distribution channels by key players to reach a wider customer base
- Emerging economies offering lucrative growth opportunities for the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Sorbitan Palmitate Market Research Report
By Type
Cosmetic Grade, Food Grade
By Application
Cosmetic, Food, Medicine
By Companies
Protameen Chemicals, Sabo, Zschimmer & Schwarz, Kolb, Lakeland Chemicals, Italmatch Chemicals, ErcaWilmar, Croda, Vantage Specialty Ingredients, Fine Organics, KLK Emmerich GmbH, Jeen International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Sorbitan Palmitate Market Report Segments:
The global Sorbitan Palmitate market is segmented on the basis of:
Types
Cosmetic Grade, Food Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetic, Food, Medicine
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Protameen Chemicals
- Sabo
- Zschimmer & Schwarz
- Kolb
- Lakeland Chemicals
- Italmatch Chemicals
- ErcaWilmar
- Croda
- Vantage Specialty Ingredients
- Fine Organics
- KLK Emmerich GmbH
- Jeen International
Highlights of The Sorbitan Palmitate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cosmetic Grade
- Food Grade
- By Application:
- Cosmetic
- Food
- Medicine
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sorbitan Palmitate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sorbitan Palmitate is a type of fatty acid that is derived from palm oil. It is a natural moisturizer and emollient, which makes it useful in cosmetics and personal care products.
Some of the key players operating in the sorbitan palmitate market are Protameen Chemicals, Sabo, Zschimmer & Schwarz, Kolb, Lakeland Chemicals, Italmatch Chemicals, ErcaWilmar, Croda, Vantage Specialty Ingredients, Fine Organics, KLK Emmerich GmbH, Jeen International.
The sorbitan palmitate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sorbitan Palmitate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sorbitan Palmitate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sorbitan Palmitate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sorbitan Palmitate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sorbitan Palmitate Market Size & Forecast, 2020-2028
4.5.1 Sorbitan Palmitate Market Size and Y-o-Y Growth
4.5.2 Sorbitan Palmitate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cosmetic Grade
5.2.2 Food Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cosmetic
6.2.2 Food
6.2.3 Medicine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sorbitan Palmitate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sorbitan Palmitate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cosmetic Grade
9.6.2 Food Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cosmetic
9.10.2 Food
9.10.3 Medicine
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cosmetic Grade
10.6.2 Food Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cosmetic
10.10.2 Food
10.10.3 Medicine
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cosmetic Grade
11.6.2 Food Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cosmetic
11.10.2 Food
11.10.3 Medicine
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cosmetic Grade
12.6.2 Food Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cosmetic
12.10.2 Food
12.10.3 Medicine
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cosmetic Grade
13.6.2 Food Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cosmetic
13.10.2 Food
13.10.3 Medicine
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sorbitan Palmitate Market: Competitive Dashboard
14.2 Global Sorbitan Palmitate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Protameen Chemicals
14.3.2 Sabo
14.3.3 Zschimmer & Schwarz
14.3.4 Kolb
14.3.5 Lakeland Chemicals
14.3.6 Italmatch Chemicals
14.3.7 ErcaWilmar
14.3.8 Croda
14.3.9 Vantage Specialty Ingredients
14.3.10 Fine Organics
14.3.11 KLK Emmerich GmbH
14.3.12 Jeen International
