The polyglycerol market boasts a wide range of applications, with the dominant segment being the food and beverage industry. Polyglycerol serves as a versatile emulsifier and stabilizer in food products, ensuring texture, shelf-life, and taste. Additionally, it finds uses in cosmetics, pharmaceuticals, and various industrial applications, where its emulsifying and solubilizing properties are valued. However, the food and beverage sector stands out due to the growing demand for processed and convenience foods, cementing its dominance in the polyglycerol market.
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Data Bridge Market Research analyses that the Global Polyglycerol Market is growing with a CAGR of 5.4% in the forecast period of 2022 to 2029. The market was valued at USD 2,288.42 million in 2021 and is expected to reach USD 3,485.47 million by 2029 Polyglycerol's demand is upheld by its essential role as an emulsifier in multiple industries. Its effectiveness in stabilizing and blending substances, ranging from food products to industrial applications, addresses the diverse requirements for emulsion and dispersion processes.
Key Findings of the Study
Consumer preference for processed foods is expected to drive the market's growth rate
The rising consumer preference for processed and convenience foods has propelled the demand for emulsifiers such as polyglycerol. These emulsifiers play a vital role in ensuring the stability and quality of such food products. Polyglycerol's ability to create stable mixtures of water and oil components, is crucial for processed foods, extend shelf life, enhances texture, and maintains flavor consistency. As convenience foods continue to dominate the market, polyglycerol remains a key ingredient in meeting these product stability requirements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD
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Segments Covered
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Type (Polyglycerol Polyricinoleate, Polyglycerol Esters, Polyglycerol Sebacate and Others), Product (PG 2, PG 3, PG 4, PG 6, PG 10 and Others), Application (Emulsifiers, Food Additives, Surfactants, Stabilizers, Non-Ionic Emulsifiers, Dispersants, Emollients, Wetting Agents, Thickeners And Others), End-Use (Food, Cosmetics, Pharmaceuticals, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Taiyo Kagaku Co., Ltd. (Japan), Estelle Chemicals Pvt. Ltd. (India), NOVEL CHEM (India), SPELL ORGANICS LTD (India), Oleon NV (Belgium), Spiga Nord S.p.A (Italy), Salamoto Yakuhin Kogyo Co., Ltd. (Japan), DSM (Netherlands), Merck KGaA (Germany), Croda International Plc (U.K.), International Flavors & Fragrances Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global polyglycerol market is categorized based on type, product, application, and end-user.
- On the basis of type, the global polyglycerol market is classified into four segments polyglycerol polyricinoleate, polyglycerol esters, polyglycerol sebacate, and others.
- On the basis of product, the global polyglycerol market is classified into six segments PG 2, PG 3, PG 4, PG 6, PG 10, and others.
- On the basis of application, the global polyglycerol market is classified into ten segments food additives, surfactants, emulsifiers, stabilizers, nonionic emulsifiers, nonionic emulsifiers, emollients, wetting agents, thickeners and others.
- On the basis of end-use, the global polyglycerol market is classified into four segments food, cosmetics, pharmaceuticals, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the global polyglycerol market players in the global polyglycerol market are Taiyo Kagaku Co., Ltd. (Japan), Estelle Chemicals Pvt. Ltd. (India), NOVEL CHEM (India), SPELL ORGANICS LTD (India), Oleon NV (Belgium), Spiga Nord S.p.A (Italy).
Market Developments
- In July 2022, Oleon achieved a significant milestone by entering into a pivotal land acquisition agreement with Central Spectrum in Malaysia. This strategic move is poised to propel Oleon's growth in the region, allowing the company to expand its facilities and bolster its operations. This agreement marks a crucial step in Oleon's commitment to furthering its presence and success in Malaysia's business landscape.
- In 2021, Evonik introduced an innovative polyglycerol-based emulsifier tailored for the cosmetics industry. This groundbreaking product is engineered to enhance the stability and texture of creams and lotions, addressing critical formulation challenges. Evonik's emulsifier offers cosmetics manufacturers a valuable tool to create high-quality, long-lasting products that meet consumer demands for improved performance and feel, establishing the company as a leader in cosmetic ingredient innovation.
- In 2020, DuPont unveiled an exciting partnership with APC, a renowned expert in functional ingredients. Together, they embarked on a mission to pioneer novel polyglycerol-based emulsifiers tailored for the food industry. This collaboration aimed to bring innovative solutions to food manufacturers, enabling them to enhance product stability and quality. DuPont's collaboration with APC solidified its commitment to advancing food ingredient technology and meet evolving industry demands for improved performance and versatility.
Regional Analysis
Geographically, the countries covered in the global polyglycerol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global polyglycerol market during the forecast period 2022-2029
Asia-Pacific is asserting dominance in the global polyglycerol market, showcasing a robust compound annual growth rate (CAGR) of approximately 5.9%. This growth is attributed to the increasing demand for emulsifiers in the region. Polyglycerols, known for their excellent emulsifying properties, are widely used in various industries such as food, cosmetics, and pharmaceuticals. As these industries expand in the Asia-Pacific market, the demand for polyglycerols as emulsifying agents continues to rise, propelling market growth.
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