The US sodium stearoyl lactylate market is expected to grow at a CAGR of approximately 6.1% over the next ten years. The European sodium stearoyl lactylate market is expected to account for around 7.1% of the total revenue share in 2022. Asia-Pacific, North America and Europe are the major regions driving the demand for stearoyl lactylates sodium.
DUBAI, United Arab Emirates, Sep 29, 2022 (GLOBE NEWSWIRE) — The global sodium stearoyl lactylate market size is expected to expand at a CAGR of seven.1% from 2022 to 2032. The market is expected to reach a valuation of approximately WE$ 498.7 Mn By 2032. Global Sodium Stearoyl Lactylate Market is expected to be valued at US$309.3 million in 2022.
With drastic improvements in the global economy, there has been a significant increase in the per capita disposable income of consumers across the world. Growing trends of globalization and urbanization in majority of the countries of the world and increasing awareness about the availability of wide variety of new flavors for food and beverages are expected to drive the global sodium stearoyl lactylate market during the forecast period.
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The high demand for ready-to-eat food products and the growing popularity of the restaurant trend in various parts of the world, especially among the millennial population, is expected to bode well for the sodium stearoyl lactylate market during the evaluation period. With the rapid growth of the food and beverage sector, especially the bakery and confectionery and processed food industries, the demand for sodium stearoyl lactylate is expected to grow at a rapid rate over the next decade. .
Main takeaways from Sodium stearoyl lactylate Market research
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By nature, the natural segment is expected to experience a significant CAGR of 7.4% from 2022 to 2032 to reach a valuation of US$498.7 million in 2032.
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On an end-use basis, Bakery & Confectionery segment revenue is expected to increase by 7.1% over the next period 2022-2032.
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By type of form, the fine powders segment showed a considerable growth rate of almost 6.8% between 2020 and 2021.
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The global sodium stearoyl lactylate market has shown steady growth at a CAGR of 5.6% in the historical period (2017-2021).
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The U.S. sodium stearoyl lactylate market is expected to grow at a CAGR of around 6.1% over the next ten years.
“One of the major factors driving the global market is the increasing use of sodium stearoyl lactylates in processed foods. Additionally, increasing foreign direct investment and introduction of contemporary retail formats are some of the other factors that are boosting the processed food industry. industrywhich would propel the Sodium Stearoyl Lactylate Market over the assessment period,said one Future Market Outlook analyst.
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East Asia will remain at the forefront of the sodium stearoyl lactylate industry
In East Asia, the expansion of the local food and beverage industry is mainly attributed to the increased production of new food ingredients in China and other emerging economies. It has also boosted demand for sodium stearoyl lactylate in China. Thus, the sodium stearoyl lactylate market in China is expected to grow at a moderate pace over the assessment period.
The food and beverage industry in North America is expected to grow at a healthy pace due to strong consumer spending in restaurants. The European food and beverage industry, on the other hand, is a crucial contributor to the economy of the region, and hence the demand for sodium stearoyl lactylate is expected to increase at a rapid rate in the region. The Sodium Stearoyl Lactylate MEA market is estimated to grow at a significant rate owing to the increasing demand for ready-to-eat foods among the youth population.
Competitive Landscape: Sodium Stearoyl lactylate Market
According to the new IMF report, Merck KGaA, Tate & Lyle Plc., Kowa Europe GmbH, Zhejiang Synose Tech co., Niacet, Savannah Surfactants, Parchem Fine & Specialty Chemicals, Ivanhoe Industries, DuPont, Lubrizol, Musashino Chemical Laboratory Ltd., Cargill Inc., BASF, Kerry Ingredients & Flavors, and DSM Nutritional Products, among others, are some of the leading brands of sodium stearoyl lactylate.
Explore more valuable insights in the sodium stearoyl lactylate market
Future Market Insights in its new report offers an unbiased analysis of the global Sodium Stearoyl Lactylates market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032. The study offers compelling information based on nature (natural, synthetic), type of form (fine powder, hydrate), type of formulation (oil in water, water in oil, water in silicone) , end use (dairy products, food and beverage industry). , meat and poultry, alcoholic beverages, bakery and confectionery, convenience products, cosmetics and personal care products, plastics industry, pet food) in seven major regions of the world.
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Contents
1. Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. The massive impact of the crisis
3.1. Global Sodium Stearoyl Lactylate Market Forecast Scenario Short-term (2022-2026) and Long-term (2027-2032) Annual Growth Rate Comparison
3.1.1. Optimistic scenario
3.1.1.1. China
3.1.1.2. WE
3.1.1.3. India
3.1.1.4. Eurozone
3.1.1.5. Asia Pacific
3.1.1.6. Rest of the world
3.1.2. Likely scenario
3.1.2.1. China
3.1.2.2. WE
3.1.2.3. India
3.1.2.4. Eurozone
3.1.2.5. Asia Pacific
3.1.2.6. Rest of the world
3.1.3. Pessimistic scenario
3.1.3.1. China
3.1.3.2. WE
3.1.3.3. India
3.1.3.4. Eurozone
3.1.3.5. Asia Pacific
3.1.3.6. Rest of the world
3.2. Key Factors Impacting the Market
The table of contents continues..!
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