Global Polysorbate-80 Market: Proliferating Adoption of Bio-based Products to Lift Demand for Polysorbate-80, finds TMR

The mounting demand for polysorbate-80 from various end-use industries is likely to boost the growth of the market in the long term, states Transparency Market Research (TMR) in a new report. The report is titled, “Polysorbate-80 Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

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The report presents a detailed description of the growth trajectory of the global polysorbate-80 market along with an in-depth assessment of the predominant trends and opportunities for growth in the future. It further evaluates the dynamics positively or negatively affecting the global polysorbate-80 market. The study provides an estimate of the revenue and volume growth of the market.

The study further provides a comprehensive overview of the competitive landscape of the global polysorbate-80 market utilizing Porter’s five forces analysis. Information on the degree of barriers to entry and exit has also been provided in the report. Leading companies operating in the global polysorbate-80 market and their strategies, product description, and share in the market have further been evaluated in the report. According to the report, the rising application of polysrobate-80 as a non-ionic surfactant in bio therapeutic products is expected to open new opportunities for manufacturers to capitalize on.

Polysorbate-80 finds application in end-use industries such as pharmaceuticals, food and beverages, and personal care and cosmetics. It is used in the manufacturing of products such as bath oils, suntan lotions, cold creams, and baby lotions as polysorbate-80 has the ability to be absorbed by most surfaces and stabilize proteins. The demand for polysorbate-80 is significantly high from the food and beverages industry as it is an important additive used for the manufacturing of ice cream as it helps prevent products from melting easily. The polysorbate-80 market is likely to receive a shot in the arm owing to the rising popularity of bio-based products and the growing use of polysorbate-80 in the manufacturing of these products.

The study states that polysorbate-80 is extracted from several natural sources such as turkey-red oil and coconut oil. However, the decreasing availability of these resources is likely to act as a barrier to the growth of the global polysorbate-80 market. Furthermore, some products containing polysorbate-80 were reported to have caused skin irritation and disorders, thus impelling consumers to opt for available synthetic substitutes.

Based on source, the global polysorbate-80 market is segmented into synthetic source, plants source, and animal source. The plant source segment is sub-segmented into bay tree, palm, and olive whereas the animals source segment is sub-divided into pig fat, cow fat, and sheep fat. Geographically, the report classifies the global polysorbate-80 market into Asia Pacific excluding Japan, Middle East and Africa, Japan, Western and Eastern Europe, North America, and Latin America. The key players in the global polysorbate-80 market are Mukasa Distributors Ltd., Reachin Chemical Co., Ltd., Shine-Sarod Nigeria Limited, Solenis, Mohini Organics Pvt. Ltd., Huyze Bladelin, and Croda International plc. among others.

Polysorbate-80 Market Will Increase Strongly Through 2024

Polysorbate-80 (PS80), which is also referred to as “tween 80”, is essentially a fatty acid esters of polyoxyethylene sorbitan. PS80 is characterized, among other things, by its heterogeneous chemical structure distribution. The ingredient finds applications as a non-ionic surfactant, especially in bio therapeutic products. In the formulation of such products, it is used for preventing surface adsorption and also to stabilize any proteins present against aggregation. In proteins, aggregation may be induced by stress in the form shear or agitation. The demand for PS80 also stems from its use in different types of pharmaceuticals, food preparation, and products for personal care and beauty. In the beauty and personal care sector, it is an important ingredient in baby lotions, cold creams, suntan lotions, and bath oils.

Furthermore, Polysorbate80’s use is seen in the F&B industry, where it forms a part of ice cream preparation. When used in ice cream, it helps prevents the product from melting quickly. The pharmaceutical sector is yet another consumer of PS80, as the ingredient is used in influenza vaccine formulations.

Global Polysorbate-80 Market: Drivers and Restraints

A steady rise in the demand for PS80 in end-use industries such as personal care and cosmetics, food and beverages, and pharmaceuticals are helping the global polysorbate market. Today the market grow at a steady pace. With the growing popularity of bio based products, which make use of this ingredient, the market for PS80 has received a further shot in the arm. The other conducive factor is the growing awareness regarding the use of safe and high-quality products for skin care. This trend will help shape the future of the global PS80 market.

Polysorbate-80 is typically extracted via different natural sources, including coconut oil and turkey-red oil. However, the gradual decline in the availability of these natural resources could act as a serious constraint on the growth of the market across the world. In light of reports that polysorbate-80 could potentially cause skin irritation and a few other minor skin disorders, end users may be compelled to look for alternatives. These could potentially restrain the global PS80 market in the future.

Currently, the market is adversely impacted by the availability of affordable and synthetically formulated substitutes. These substitutes include borax and sodium borate; they could pose a threat to the market’s growth.

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Global Polysorbate-80 Market: Segmentation

The global market for polysorbate-80 can be segmented broadly based on two criteria: source and application. Basis source, the market is further segmented as animals source, plants source, and synthetic source. Furthermore, the segment of plant source is sub-segmented into olive, palm, and bay tree. Similarly, the segment of animal sources can be further segmented into sheep fat, cow fat, and pig fat.

Basis application, the global market for polysorbate-80 is classified into the following segments: food and beverages, personal care and cosmetics, and pharmaceuticals.

Polysorbate-80 Market: Region-wise Outlook

From the geographical standpoint, the global polysorbate-80 market is split into: Latin America, North America, Eastern Europe, Western Europe, Japan, Middle East and Africa (MEA) and Asia Pacific excluding Japan (APEJ).

Polysorbate-80 Market: Key Players

Among the top players in the market are: Croda International plc, Lotion crafter LLC, Huyze Bladelin, Mohini Organics Pvt. Ltd., Camden-grey Essential Oils, Solenis, M S Mehta & Co, Chimi Gostaran Saba (C.G.S.), Shine-Sarod Nigeria Limited, Guangzhou Runhua Food Additive Co., Ltd, Reachin Chemical Co., Ltd. and Mukasa Distributors Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.