North America holds a significant market share due to the US being subject to flourishing FMCG vertical.
The global sorbitan tristearate market was worth US$ 432.6 Million in the year 2022 and is expected to reach US$ 657.7 Million by the year 2032 at a CAGR of 4.3% between 2022 and 2032.
Sorbitan tristearate is one of the nonionic surfactants. It is used in the form of a dispersing agent, stabilizer, emulsifier in food as well as aerosol sprays. It has E number E492 as a food additive. The brand names include Canarcel, Alkest, and Span. Sorbitan tristearate is waxy in nature and has color ranging from light cream to tan.
Sorbitan tristearate is used for adding value to food items and manufacturing various medical drugs. Sorbitan is an ingredient in cosmetics and foodstuff. It’s a generic name for anhydrides derived from a crystalline hex hydric alcohol located in algae, seaweed, and fruits. Sorbitan stearate is made out of esterification of commercial stearic acid and sorbitol.
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The food & beverages vertical is driving the demand for sorbitan tristearate due to growing demand for emulsifiers. In the personal care vertical, stabilizer and emulsifier are in equal demand. Sorbitan tristearate serves the purpose over here. In other words, it acts as a savior herein.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Sorbitan Tristearate Market’ with its line of expertise in the form of analysts and consultants deploying macros and micros in its primary, secondary, and tertiary modes of research. Bottom-up approach has been applied.
“Pharmaceutical industry is amongst the main end-users of sorbitan tristearate market”, says an analyst from Future Market Insights.
Key Takeaways from Sorbitan Tristearate Market
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Competitive Landscape
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 14, 2023