Sorbitan Monolaurate Market
The market for Sorbitan Monolaurate was estimated at $813 million in 2024; it is anticipated to increase to $1.23 billion by 2030, with projections indicating growth to around $1.73 billion by 2035.
Global Sorbitan Monolaurate Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Sorbitan Monolaurate (SML) industry revenue is expected to be around $870.4 million in 2025 and expected to showcase growth with 7.1% CAGR between 2025 and 2034. The Sorbitan monolaurate market shows strong expansion because of its expanding usage across different industries. The substance finds extensive use in multiple sectors because of its unique properties which include non ionic surfactant and emulsifier functions. The market expansion is driven by two main factors: the increasing food and beverage industry demand for emulsifier use in bakery and confectionery products and the cosmetic industry's adoption of its moisturizing and dispersing properties. The pharmaceutical industry benefits from Sorbitan monolaurates market importance because of increasing awareness about its uses as a solubilizer and wetting agent.
Sorbitan monolaurate functions as polysorbate 20 to serve multiple purposes in various fields. The compound demonstrates three main characteristics which include emulsion stabilization and solubility enhancement and texture improvement of different products. The compound finds its main uses in food and beverage production as well as cosmetic manufacturing and pharmaceutical applications.
Market Key Insights
- The Sorbitan Monolaurate market is projected to grow from $812.7 million in 2024 to $1.61 billion in 2034. This represents a CAGR of 7.1%, reflecting rising demand across Food Industry, Cosmetics & Personal Care and Pharmaceutical Industry.
- BASF SE, Croda International Plc, Evonik Industries AG are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Sorbitan Monolaurate market and are expected to observe the growth CAGR of 4.6% to 6.8% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 9.8%.
- Transition like Emergence of Bio based Emulsifiers has greater influence in U.S. and Germany market's value chain; and is expected to add $47 million of additional value to Sorbitan Monolaurate industry revenue by 2030.
- The Sorbitan Monolaurate market is set to add $801 million between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Cosmetics & Personal Care End-Users projected to gain a larger market share.
- With Rising demand in food industry, and Increasing cosmetic applications, Sorbitan Monolaurate market to expand 99% between 2024 and 2034.