Global Polysorbate-80 Market
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Global Polysorbate-80 Market was valued US$ xx Mn in 2019 and is expected to grow US$ xx Mn by 2027, at a CAGR of 5.1% during the forecast period.
Global Polysorbate-80 Market
The report has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Polysorbate-80 also recognized as ‘tween 80’. It is a fatty acid esters of polyoxyethylene sorbitan. PS80 contains a heterogeneous chemical structure distribution. PS80s are generally used as non-ionic surfactants in the formulation of biotherapeutic products to prevent surface adsorption and stabilize protein. It is broadly used in food preparation, pharmaceuticals, and personal care & beauty products, like cold creams, baby lotions, bath oils, and suntan lotions. Polysorbate-80 is also used in ice cream preparation as it prevents the ice cream from melting easiliy.
The rapid demand from the end-use industry such as pharmaceuticals, food & beverages, personal care & cosmetics, play a vigorous role in the growth of the global polysorbate-80 market. Nowadays the market is also experiencing massive demand for bio-based products, which is also encouraging the growth of the global polysorbate-80 market. Increasing awareness of the use of worth skincare products is a key driver for the global industry.
Polysorbate-80 is normally extracted from natural resources, such as turkey-red oil and coconut oil. The reduction of such natural resources is the main restraint for the market worldwide. Polysorbate-80 in some cases has caused the side effects like skin irritation and other minor skin disorders. These side effects could also act as a restraint in this market. Also, the availability of cheap and synthetic alternatives, mostly in the form of borax & sodium borate would act as a potential threat for the market globally.
By region, Asia Pacific dominated the global PolySorbate-80 market with 45% of the market share in 2019 and is expected to hold the largest market share of xx% of the global market by 2027. China, India, Japan, and South Korea are the major consumers of Polysorbate-80 in the APAC region. This high demand is mainly because the growing affluence of the middle-class population in the APAC region together with rapid urbanization that has further led to a rise in consumerism opportunities, which eventually drives the Polysorbate-80 market. Increasing microbiological activities in the biotechnological and research centers is a significant factor propelling the market growth for the Polysorbate-80. According to The Food Associated Chambers of Commerce and Industry of India (ASSOCHAM), agriculture productivity in India is expected to increase in the future, because of the higher usage of fertilizers and developments in irrigation network.
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