Polyglycerol Market 2022 Share, Size, Revenue, Latest Trends, Business Boosting Strategies, Growth Opportunities and Forecast 2030
Polyglycerols are used in a wide range of end-use
industry owing to their application as surfactant, stabilizing and emulsifying
agent among others. The rising growth of the pharmaceutical and cosmetic and
healthcare industries across the globe is substantially affecting the growth of
the polyglycerol market.
The global polyglycerol market has been driven by a
range of application in the various end-use industries such as food &
beverages, pharmaceuticals, personal care among others. Moreover, it is
estimated that the personal care industry is set to witness the highest growth
due to the growing application of polyglycerols in moisturizers, hair care and
other personal care products.
Market Segmentation:
The global polyglycerol market is segmented into
product type and end-user. On the basis of product type, the market is
segregated into PG2, PG3, PG4, PG6, and PG10. The market by end use industry is
bifurcated into food & beverages, pharmaceuticals, personal care, others.
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Market Scenario:
The PG3 product
segment is anticipated to observe a higher CAGR during the forecast period. The
enhanced and superior qualities of polyglycerols find their application in the
food & beverage and the detergent industry. PG3 is used in margarines,
chocolates, baked products and in other fat substitution applications.
Moreover, it is also used as surfactant in the detergent industry owing to its
improved texture, softness, and fragrance of the product.
The global Polyglycerol
Market is spanned across five key regions: Asia Pacific,
North America, Europe, Latin America, and the Middle East & Africa. Among
these, Asia Pacific holds a major share of the market and is expected to be the
fastest growing region at an exponential CAGR. The presence of the most
populated countries of the world such as India and China has augmented the
demand for various sectors such as food and beverage, personal care, home care,
and automotive among others, which, in turn, is anticipated to fuel the demand
for polyglycerol in the region. Moreover, the growing processed food demand
mainly in Japan, India and China is also expected to contribute to the market.
The European region
is estimated to witness a significant growth in the countries owing to
burgeoning personal care and automobile industry. The increasing use of
polyglycerol by the health conscious population owing to the low fat content
coupled with the increased use in food products is expected to be one of the
major factors contributing to growth of the market.
The North American
polyglycerol market is mainly driven by the U.S. and Canada. The presence of
the developed end-user industries coupled with the increasing adoption rate is
contributing significantly to the growth of the market. Moreover, the growing
use in processed food, salad dressings, lotions, detergents, and hair care
among others is fuelling the growth of the polyglycerol market in this region.
Competitive Analysis:
Some of the prominent players operating in the
global polyglycerol market are, Procter & gamble (U.S.), SOLVAY( Belgium),
Unilever Holdings (England), Godrej Industries Ltd (India)., Dow Chemical
Company (U.S.), The Lonza Group (Switzerland), The Hershey Company (U.S.),
Stepan Company(Illinois), Savannah Surfactants (India), and Palsgaard (Denmark)
among others.
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