Sorbitan Monostearate Price Trend

Sorbitan Monostearate Prices December 2023

The excess inventory has led to a price reduction in the Indian market. Even with a sufficient market volume of raw material sorbitol, low demand, and instability caused caution among traders. There is a forecast of price rebound in the upcoming month because of improved demand. The price of sorbitan monostearate (SPAN-60) price in India reached USD 2165/MT in the fourth quarter of 2023.

Sorbitan Monostearate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sorbitan Monostearate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sorbitan monostearate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sorbitan monostearate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sorbitan monostearate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sorbitan monostearate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sorbitan Monostearate Market Analysis

The global sorbitan monostearate market size reached 315 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 434.9 Thousand Tonnes, at a projected CAGR of 3.70% during 2023-2032.

• The global expansion of the food processing industry is influencing the market for sorbitan monostearate which is a versatile emulsifier and stabilizer which is important in various food products. The primary function of sorbitan monostearate is to enhance the texture and stability of various food items which makes it a valuable component in the production of baked goods, dairy alternatives and convenience foods. According to an article published by Agriculture and Agri-Food Canada, Canada’s retail market for baked goods was worth US$ 6.6 billion in 2021. It ranked 3rd in the health and wellness baked goods market with sales valued at US$ 2.6 billion. Canada is the world’s 5^th largest importer of baked goods while also being the second largest exporter with 3.8 billion dollars in exports. With the growing demand for baked foods, the reliance on sorbitol monostearate rate to maintain the quality and extend the shelf life is on the rise thereby driving its market growth.
• The approval of sorbitan monostearate by major health regulatory bodies such as the US Food and Drug Administration, and European Food Safety Authority further enhances its market appeal. These approvals affirm the safety and efficacy of sorbitan monostearate propelling its demand among manufacturers and consumers alike. By meeting stringent safety standards, SMS secures a vital role in product formulation, fostering trust and encouraging its continued application in existing and new markets worldwide.
• The rise in consumer interest in personal care and cosmetic products directly influences the demand for sorbitan monostearate which is a key emulsifier that enhances the stability and texture of the products. As consumers nowadays increasingly seek high-quality cosmetics, manufacturers rely on sorbitan monostearate to ensure their products meet these expectations. According to a report published by Global Cosmetics Industry, in 2022, the U.S. beauty industry has seen a surge in consumer interest, with 75% of female buyers considering beauty purchases equally or more important than before the pandemic. Additionally, 71% of beauty buyers tried new products that they were previously hesitant to purchase, with facial skin care, hair care, and makeup being the most cited categories. Fragrance, body skin care, and nail care followed, with tools and devices being the least purchased. The growth in cosmetics markets underscores the importance of sorbitan monostearate in developing formulations that align with consumer’s preferences for premium and effective cosmetic solutions.

Sorbitan Monostearate News

The report covers the latest developments, updates, and trends impacting the global sorbitan monostearate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sorbitan monostearate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sorbitan monostearate price trend.

Latest developments in the sorbitan monostearate industry:

• In 2024, Kao Corporation has launched a transformation of its Hair Care business, introducing a new brand, Melt, which offers “beauty care for relaxing moments”. The company aims to rebuild its hair care brand formation to align with consumers’ emotional needs, focusing on emotional drivers and leveraging its expertise in product manufacturing to exceed expectations.
• In 2022, Spectrum Chemical, a leading global supplier of high-quality chemicals, laboratory supplies, and equipment, has signed a U.S. distribution agreement with DFE Pharma to provide BioHale brand products for biopharmaceutical manufacturing. This partnership aims to strengthen Spectrum Chemical’s offerings in the biopharmaceutical sector, enabling them to provide a broader range of solutions to their customers.

Product Description

Sorbitan monostearate which is commonly known as SMS or Span 60. It is a synthetic compound derived from the reaction of sorbitol and stearic acid. Sorbitan monostearate is widely recognized as a versatile emulsifier in various industries mainly in food production, cosmetics, and pharmaceuticals. In the food industry, sorbitan monostearate is generally used to stabilize emulsions preventing the separation of oil and water in products like baking mixes, whipped toppings, and nondairy creamers. Sorbitan monostearate tends to enhance the texture and extend the shelf life by maintaining product consistency. In cosmetics, it helps in blending ingredients effectively which ensures smooth and stable formulation in cream lotions and makeup. Sorbitan monostearate also serves a critical role in pharmaceuticals by facilitating the homogeneity and effectiveness of medical creams and ointments.

Regional Coverage

The report provides a detailed analysis of the sorbitan monostearate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sorbitan monostearate price trend.

Global Sorbitan Monostearate Price

The report offers a holistic view of the global sorbitan monostearate pricing trends in the form of sorbitan monostearate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sorbitan monostearate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sorbitan monostearate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sorbitan Monostearate Price

In Q4 2023, the sorbitan monostearate market in Europe faced a decline in demand, leading to a reduction in prices. The downward trend was mirrored in the sorbitol market and weakened import prospects added to the market's fragility. The year-end destocking phenomenon further placed downward pressure on prices as buyers globally actively reduced their inventories.

This analysis can be extended to include detailed sorbitan monostearate price information for a comprehensive list of countries.

North America Sorbitan Monostearate Price

The North American sorbitan monostearate market faced a decline in demand in Q4 2023, leading to reduced prices across downstream industries. The sorbitol and corn markets also saw a significant decline without substantial cost support. Despite a robust domestic harvest increasing stocks, the market faced oversupply, continuing to push prices down. Reduced purchases and declining international market demand added further pressure, leading to overall fragility and consolidation of the domestic market.

Specific sorbitan monostearate historical data within the United States and Canada can also be provided.

Middle East and Africa Sorbitan Monostearate Price

The report explores the sorbitan monostearate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sorbitan monostearate prices for countries can also be provided.

Asia Pacific Sorbitan Monostearate Price

In Q4 of 2023, the sorbitan monostearate market in APAC experienced minimal growth due to weakened demand in downstream industries and diminished export prospects. A surplus of stockpiling by domestic manufacturers and local suppliers contributed to a reduction in prices. However, there is a forecast that prices will rebound in the upcoming months as demand improves and market players restock their inventories.

This sorbitan monostearate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sorbitan Monostearate Price

The analysis of sorbitan monostearate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sorbitan monostearate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sorbitan monostearate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sorbitan monostearate price charts ensure our clients remain at the forefront of the industry.