Global Polysorbate Market Report and Forecast 2024-2032

Global Polysorbate Market Outlook

The global polysorbate market is expected to grow at a CAGR of 4.80% in the forecast period of 2024-2032.

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The Asia Pacific to be a Significant Regional Market for the Polysorbate Industry

The Asia Pacific region holds a significant share of the global polysorbate industry and is likely to witness a robust growth in the forecast period. The market growth in the region is mainly attributed to the rising demand and use of cosmetics among the consumers, as well as the rising demand from the food industry. In addition, the rising healthcare industry in the region and the rising government investment in the medical and pharmaceutical industries are expected to further drive the growth of the polysorbate industry in the Asia Pacific.

Polysorbate: Market Segmentation

Polysorbate is widely used to formulate bio-therapeutic products as non-ionic surfactants in order to resist surface adsorption and to stabilise the agglomeration of protein. It is used extensively in food, pharma, personal care, and beauty products, including cold creams, baby lotions, and bath oils. Polysorbate is commonly used in ice cream preparation as it inhibits the fast-melting of the product. In the food sector, polysorbate is used as an emulsifier.

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The sources of the product can be segmented as follows:

• Plant
• Animal
• Synthetic Source

Based on grade, the industry can be segmented as follows:

• Polysorbate 20
• Polysorbate 40
• Polysorbate 60
• Polysorbate 80
• Others

Polysorbate finds wide end-uses in the following sectors:

• Food and Beverage
• Pharmaceuticals
• Cosmetics and Personal Care
• Others

The regional markets for polysorbate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand from the Personal Care Industry Bolstering the Market Growth pf Polysorbate

The growth of the market is primarily being driven by the rising demand from the beauty and personal care industry. The rising awareness among the consumers about the importance of skincare has led to an increased demand for the skincare products. It acts like a perfume and functions as a lubricator to keep the skin relaxed. The application of polysorbate in food items including ice creams is increasing in order to prevent it from melting rapidly, which is further propelling the market growth. Polysorbate is also used in medicines, like vitamin oils as well as vaccine, contributes to the stability of gel capsules, helps in the absorption of medicines in the stomach, is used to complement hair growth, retains constant essential oils, and provides a good aroma. These favourable factors are expected to propel the growth of the polysorbate industry in the coming years.

Key Industry Players in the Global Polysorbate Market

The report gives a detailed analysis of the following key players in the global polysorbate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• NOF America Corporation
• Croda International plc
• Mohini Organics Pvt. Ltd.
• Xiamen Sinopeg Biotech 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.

Key Highlights of the Report