Polyoxyethylene Sorbitan Monostearate Market Overview (2023 to 2033)
According to Future Market Insights research, during the projected period, the Polyoxyethylene Sorbitan Monostearate market is expected to grow at a CAGR of 3.50%. The market value is projected to increase from US$ 802.6 million in 2023 to US$1,132.2 million by 2033. The Polyoxyethylene Sorbitan Monostearate market was valued at US$ 764.4 million at the end of 2021 and is anticipated to exhibit CAGR growth of 5.0% in 2016 to 2021.
Market Size Value in 2023
US$ 802.6 million
Market Forecast Value in 2033
US$ 1,132.2 million
Global Growth Rate (2023 to 2033)
3.50% CAGR
Forecast Period
2023 to 2033
CAGR of the United Kingdom in Europe
6.30%
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Introduction
Emulsifiers come in both hydrophilic and hydrophobic varieties. Emulsifiers are employed in a variety of industrial settings. A yellowish-brown emulsifier called as Polyoxyethylene Sorbitan monostearate is created when ethylene oxide, sorbitol, anhydrides, and commercially available stearic acid, which is derived from vegetable fats and oils, react.
Commonly referred to as polysorbate 60, (Polyoxyethylene Sorbitan monostearate) is a synthetic compound. Because it lowers the tension between oil and water of the constituents that need to be emulsified, Polyoxyethylene Sorbitan monostearate has been widely used in emulsions.
As a non-ionic emulsifier that also functions as a surfactant, Polyoxyethylene Sorbitan monostearate is widely used in the pharmaceutical and cosmetics industries.
Comparing historical outlook and projections for the world's Polyoxyethylene Sorbitan Monostearate
A new report published by Future market insights, titled, Polyoxyethylene Sorbitan Monostearate Market - Global Opportunity Analysis and Industry Forecast, 2023 to 2033, projects the global Polyoxyethylene Sorbitan Monostearate market to reach US$ 1,132.2 million by 2033 and is expected to grow at a CAGR of 3.50% from 2023 to 2033.
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Country-wise Insights
What is the overview of the market of Polyoxyethylene Sorbitan Monostearate in the world?
Polyoxyethylene Sorbitan Monostearate, commonly referred to as PEG-40 Stearate, is a surfactant and thickening agent that has been used in various industries for more than four decades. It is widely used in the personal care products industry and can be found in many shampoos, lotions, and creams. This versatile product has also gained traction in the food and pharmaceutical industries due to its stabilizing properties.
In recent years, the global market for Polyoxyethylene Sorbitan Monostearate has grown exponentially as demand for personal care products continues to rise. The Asia Pacific region holds a major share of this market due to increasing consumer awareness of beauty products, while North America is another key region with a large production base and technological advancements.
What is the outlook of North America in the market of Polyoxyethylene Sorbitan Monostearate in the world?
The market for Polyoxyethylene Sorbitan Monostearate (PSMS) is an ever-growing global industry. North America has seen optimistic growth in this sector over the past few years, due largely to increasing demand from end-use industries such as food, cosmetics, and pharmaceuticals. As a result, many leading companies are now looking towards North America as a major supplier of PSMS products. With its strong network infrastructure and favorable regulatory environment, North America is well-positioned to take advantage of the burgeoning global demand for these specialty ingredients.
Category-wise Insights
What are the major drivers for Polyoxyethylene Sorbitan Monostearate in the Market?
The market for Polyoxyethylene Sorbitan monostearate is poised to grow thanks to manufacturers' growing demand for materials with adaptable properties. It has a wide range of uses in the food and beverage industry, including preventing the staling of baked goods, stabilizing color additives as well as other additives throughout the mixture, and preventing oil dissociation from synthetic whipped cream because it is an emulsifier.
Consequently, the texture and nutritional value of food are improved, which supports the market expansion for Polyoxyethylene Sorbitan monostearate. Lotions, shampoos, creams, and other personal care products like fragrance powders and lotions are among the numerous products that use Polyoxyethylene Sorbitan monostearate's thickening agents and ability to lower surface tension.
What properties of Polyoxyethylene Sorbitan monostearate make it grow in the market?
In the forecast timeframe, market growth for Polyoxyethylene Sorbitan monostearate as a thickening agent is anticipated to increase significantly due to consumers' growing preference for better and improved personal care products.
Due to its unique abilities as a lubricant and gelling agent, Polyoxyethylene Sorbitan monostearate is primarily used in the production of pills and capsules. It also aids in extending the shelf life of some medications. Consequently, the market for Polyoxyethylene Sorbitan monostearate is seeing an increase in demand across industrial applications.
What are the restraints of Polyoxyethylene Sorbitan monostearate?
Consuming too many active ingredients Polyoxyethylene Sorbitan monostearate might very well result in diarrhea and another stomach discomfort. Consequently, this could have an impact on the market for Polyoxyethylene Sorbitan monostearate.
Additionally, Polyoxyethylene Sorbitan monostearate might come from an animal, so vegans might avoid consuming such products thus, impeding the market's expansion for Polyoxyethylene Sorbitan monostearate.
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Supermarket and Industrial Distributors Are Propelling the Growth Polyoxyethylene Sorbitan Monostearate in Market
The Polyoxyethylene Sorbitan Monostearate in the market is expected to grow at a CAGR of 3.50% during the forecast period of 2023 to 2033. The market for Polyoxyethylene Sorbitan monostearate (Tween) is growing at an accelerated rate due to the rise in demand from various industries. Supermarket and industrial distributors are playing a key role in this expansion by providing access to reliable sources of supply and ensuring that customers receive quality products.
Tween is a widely used emulsifier in many foods, personal care, and pharmaceutical products. It is also widely used as a thickening agent, stabilizer, lubricant, wetting agent, and dispersing agent across multiple industries including food processing, cosmetics, and pharmaceuticals. As such, supermarkets and industrial distributors have become important partners in the growth of the Tween market as they are able to source it from certified manufacturers or suppliers who can guarantee the quality of their product offerings.
By Form, the Polyoxyethylene Sorbitan Monostearate Market is segmented as:
Liquid
Paste
By Application the Polyoxyethylene Sorbitan Monostearate Market is segmented as:
Emulsifier
Stabilizing agent
Thickening agents
Gelling agents
Lubricants
By End-user, the Polyoxyethylene Sorbitan Monostearate Market is segmented as:
Food & Beverage
Personal Care
Pharmaceutical
Textile
Others
By Region, the Polyoxyethylene Sorbitan Monostearate Market is segmented as:
North America
Latin America
Europe
Asia Pacific
Oceania
Middle East and Africa (MEA)
By Distribution channel, the Polyoxyethylene Sorbitan Monostearate Market is segmented as:
Convenience Store
Hypermarket/Supermarket
Online
Direct Selling
Frequently Asked Questions
What is the market Share value of Polyoxyethylene Sorbitan Monostearate in 2023?
The global Polyoxyethylene Sorbitan Monostearate market will reach a valuation of US$ 802.2 million by the end of 2023.
What is the demand outlook forecast for the Polyoxyethylene Sorbitan Monostearate market?
The global Polyoxyethylene Sorbitan Monostearate market is forecasted to surpass US$1,32.2 million by the end of 2033.
Which are the major countries driving demand for Polyoxyethylene Sorbitan Monostearate Market?
The USA, Germany, Japan, China, India, Australia, and the United Kingdom are the major countries driving demand for Polyoxyethylene Sorbitan Monostearate Market.
What is the, USA Polyoxyethylene Sorbitan Monostearate Market Outlook?
The USA Polyoxyethylene Sorbitan Monostearate Market is contributing 32.30% of the total value share in the global market.
What is the, Germany Polyoxyethylene Sorbitan Monostearate Market Outlook?
The Germany Polyoxyethylene Sorbitan Monostearate Market is contributing 28.80% of the total value share in the global market.
What is the, Japan Polyoxyethylene Sorbitan Monostearate Market Outlook?
In Japan Polyoxyethylene Sorbitan Monostearate Market is contributing 8.30% of the total market share which is values in the year 2023.
What is the, India Polyoxyethylene Sorbitan Monostearate Market Outlook?
In India Polyoxyethylene Sorbitan Monostearate Market is contributing 5.50% of CAGR for the latest period.
What is the, China Polyoxyethylene Sorbitan Monostearate Market Outlook?
In China Polyoxyethylene Sorbitan Monostearate Market is contributing 4.0% of CAGR for latest period.
What is the, Australia Polyoxyethylene Sorbitan Monostearate Market Outlook?
In Australia Polyoxyethylene Sorbitan Monostearate Market is contributing 2.30% of total value share in global market.
