Sorbitan Peroleate Market Size (2023 - 2030)

In Global Sorbitan Peroleate Market was valued at USD 109.6 million and is projected to reach a market size of USD 248.96 million by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 10.8%.

Sorbitan percolate, chemically titled PEG-40 sorbitan peroleate, is a type of substance known as sorbitan ester. It is extensively employed as an emulsifier during the formulation of multiple commodities, encompassing emulsions, creams, and ointments, for both pharmaceutical and cosmetic purposes. Sorbitan esters are produced by synthesizing sorbitol, a sugar alcohol acquired from glucose or sources like corn and potatoes, with an assortment of fatty acids, encompassing lauric acid, palmitic acid, stearic acid, and oleic acid. When sorbitan esters are utilized independently, they possess the ability to create stable water-in-oil emulsions. Sorbitan esters serve as stabilizers and emulsifiers in the food sector apart from their utilization in pharmaceutical and cosmetic applications. Sorbitan peroleate is a versatile ingredient found in diverse cosmetic products, serving as a cleansing, emulsifying, and solubilizing agent. Its effectiveness in these roles makes it extensively utilized in body care products (e.g. lotions, moisturizers, sunscreens, soaps, and shower gels), hair care products (e.g. hair oil, shampoos, conditioners, and hair serums), face care products (e.g. face wash, face creams, and face scrubs), lip care products (e.g. lip glosses and lipsticks), and makeup products (e.g. foundations, concealers, and eyeshadows). Sorbitan peroleate's safety profile further elevates its popularity in these applications. It is essential to utilize sorbitan peroleate in compliance with necessary regulations to ensure its safety and non-toxicity. 

Global Sorbitan Peroleate Market Drivers:

The increasing demand for sorbitan peroleate in various skincare needs is fueling the growth of the Global Sorbitan Peroleate Market.

Sorbitan peroleate is deemed a Teen SAFE ester that is devoid of noxious substances such as talc, parabens, and fragrances. It’s suitable and safe for application on lips, and eyelids, and is even gentle enough for use on babies. Furthermore, sorbitan peroleate does not comprise any irritants, dyes, or SLS, which makes it a great choice for individuals with sensitivities or specific preferences regarding ingredients. With its wide range of safe attributes, sorbitan peroleate offers a reliable and gentle option for various skincare needs. Therefore, this factor propels the demand for sorbitan peroleate.

The rising adoption of PEG-40 sorbitan peroleate in the pharmaceutical industry for enhanced medications and topical formulations is another factor contributing to the growth of the Global Sorbitan Peroleate Market.

The pharmaceutical industry is increasingly adopting PEG-40 sorbitan peroleate as an excipient in medications and topical formulations owing to its ability to amplify the properties and performance of drugs and topical products. As the industry expands, so will the demand for various medicinal formulations. This leads to an augmenting demand for sorbitan peroleate as an essential ingredient. Its versatile properties, encompassing emulsifying and stabilizing abilities, elevate its value for creating effective and stable pharmaceutical products. Therefore, this factor also propels the demand for sorbitan peroleate.

Global Sorbitan Peroleate Market Challenges:

The Global Sorbitan Peroleate Market is encountering challenges, primarily in terms of its side effects. The excessive presence of sorbitan peroleate in cosmetic products can lead to skin irritation, dryness, allergic reactions like rashes and hives, acne breakouts, and even contact dermatitis in the worst scenario. These detrimental effects are more commonly observed in individuals who are allergic to sorbitan. Thus, these challenges inhibit the growth of the Global Sorbitan Peroleate Market.

Global Sorbitan Peroleate Market Opportunities:

Market expansion strategies present a lucrative opportunity in the Global Sorbitan Peroleate Market. The demand for sorbitan peroleate is augmenting owing to its advantages, including superior emulsifying and stabilizing properties, versatility, non-toxicity, enhance solubility, and being environmentally friendly. Businesses specializing in the production of sorbitan peroleate can attain considerable benefits from this opportunity by broadening their product offerings to emerging markets, encompassing China, India, Brazil, and Mexico. By pursuing this expansion, companies can broaden their customer base and drive a notable increase in their overall revenue.

COVID-19 Impact on the Global Sorbitan Peroleate Market:

The Global Sorbitan Peroleate Market has been considerably influenced by the COVID-19 outbreak. As a result of rigorous lockdowns, travel restrictions, and social distancing measures, the demand for sorbitan peroleate waned. The pandemic-induced global economic slowdown may have impacted companies' decisions on investments, R&D, and expansions, which potentially affected the sorbitan peroleate's demand. These factors negatively impacted the market's growth.

Global Sorbitan Peroleate Market Recent Developments:

In April 2023, the 2M Group of Companies unveiled the acquisition of Laboratorios Prady Normapiel (Prady), a renowned Spanish company specializing in the production of perfumes and cosmetics for the personal care industry.

SORBITAN PEROLEATE MARKET REPORT COVERAGE:

Global Sorbitan Peroleate Market Segmentation: By Function

• Cleansing Agent

• Emulsifying Agent

• Solubilizing Agent

The Emulsifying Agent segment occupied the highest market share in the year 2022. The growth can be ascribed to the extensive utilization of PEG-40 sorbitan peroleate as an emulsifying agent in cosmetic products when needed to combine two different liquids, where one liquid disperses as small droplets within the other. Sorbitan peroleate acts as a bridge between water and oil, which allows them to blend evenly and form a milky texture that can vary from liquid to creamy depending on the oil-to-water ratio. It finds extensive use in the cosmetics industry owing to its ability to provide effective moisture and skin protection. It is commonly found in various skincare products, including natural cosmetics, biocosmetics, and homemade formulations.

Global Sorbitan Peroleate Market Segmentation: By Application

• Body Oil and Moisturizer

• Face Wash and Cream

• Hair Shampoo

• Soap and Shower Gel

• Others

The Body Oil and Moisturizer segment occupied the highest market share in the year 2022. The growth can be ascribed to the utilization of sorbitan peroleate as an effective lipophilic surfactant extensively employed as an emulsifier in water-in-oil (W/O) formulations. PEG-40 sorbitan peroleate finds diverse applications, serving as emulsifiers in cosmetic cream formulations, and cosolvents and antirust agents for petroleum and oil products. This ester is free from harmful ingredients like talc, preservatives, fragrances, parabens, lanolin, topical antibiotics, MCI/MI, nickel, gluten, soy, propylene glycol, balsam of Peru, and SLS, which makes it suitable and safe for utilization on skin and hair.

Global Sorbitan Peroleate Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

The region of Europe dominated the Global Sorbitan Peroleate Market in the year 2022. The presence of a well-established cosmetic and personal care industry in nations, such as France, Germany, and the United Kingdom, the growing consumer awareness regarding vegan and cruelty-free cosmetic products and ingredients, and the increasing investments in research and development activities are some of the pivotal factors propelling the region's growth. Furthermore, Europe is home to several prominent market players, including Croda International plc, KLK Kolb Specialities B.V., Comercial Química Massó, S.A., Surfachem Group Ltd., and Oleon N.V. The region of North America is anticipated to expand at the quickest rate over the forecast period 2023-2030 owing to the flourishing cosmetics industry in the United States, the augmenting demand for cruelty-free and non-toxic cosmetic products, and the strong presence of significant market players, including Universal Preserv-A-Chem Inc., Sigma-Aldrich Corporation, and Bruchem, Inc. 

Global Sorbitan Peroleate Market Key Players:

1. Croda International plc (United Kingdom)

2. KLK Kolb Specialties B.V. (Netherlands)

3. Comercial Química Massó, S.A. (Spain)

4. Universal Preserv-A-Chem Inc. (United States)

5. Surfachem Group Ltd. (United Kingdom)

6. Sigma-Aldrich Corporation (United States)

7. Yick-Vic Chemicals & Pharmaceuticals Ltd. (Hong Kong)

8. Bruchem, Inc. (United States)

9. Xttrium Laboratories, Inc. (United States)

10. SPAK Orgochem Pvt. Ltd. (India)