Polyglycerol Market Share - Global Size, Share, Trends and Key Players (2022-2030)
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 Share 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 Share 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 Size 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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