The global polyglycerol esters market refers to the trade and production of a class of non-ionic surfactants derived from the esterification of polyglycerols with fatty acids. These esters are widely used in various industries, including food and beverages, cosmetics, pharmaceuticals, and industrial applications. In the food industry, PGEs act as emulsifiers, stabilizing oil-water mixtures in products such as baked goods, sauces, and margarine. Their application in cosmetics enhances the texture and stability of creams and lotions, while in pharmaceuticals, they improve solubility and bioavailability of active ingredients.
PGEs are valued for their biodegradability and non-toxic nature, aligning with growing consumer demand for eco-friendly and safe ingredients. The rising health-conscious trend, particularly in clean-label food products and natural cosmetics, is driving market growth. In addition, the industrial sector uses PGEs as lubricants and plasticizers, contributing to their broad market presence. Increasing investments in research and development to enhance the functionality and performance of polyglycerol esters are expanding their potential applications.
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Data Bridge Market Research analyzes that the Global Polyglycerol Ester Market is expected to reach 707.86 million by 2031 from USD 583.41 million in 2023, growing with a substantial CAGR of 2.49% in the forecast period of 2024 to 2031.
Key Findings of the Study
Fast Expansion of Pharmaceutical Industry
The rapid expansion of the pharmaceutical industry is a key driver for the growth of the global polyglycerol esters market. Polyglycerol esters, known for their exceptional emulsifying, stabilizing, and solubilizing properties, are increasingly being adopted in pharmaceutical formulations, particularly in oral, topical, and injectable products. As the demand for advanced drug delivery systems and high-quality pharmaceutical products grows, PGEs are playing an essential role in meeting the industry's evolving needs.
PGEs are widely used in oral medications such as tablets, capsules, and suspensions, where they act as emulsifiers to ensure the even distribution of Active Pharmaceutical Ingredients (APIs). By improving the bioavailability and stability of these APIs, PGEs help enhance the efficacy of medications. In addition, they aid in the production of sustained-release formulations, which are becoming increasingly popular in the pharmaceutical industry for providing consistent, controlled delivery of drugs over time. This trend is expected to fuel the demand for PGEs as more pharmaceutical companies incorporate these advanced formulations into their product lines.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Grade (Food Grade, Pharmaceutical Grade, and Industrial Grade), Form (Thickeners, Solubilizers, Spreading Agents, Additives, Waxy Solids, and Inert Ingredients), Hydroxyl Value (50 to 150, 30 to 49, Less Than 30, and More Than 150), Color (Light Yellow, Amber, Light Tan, and Brown), Application (Food, Personal Care, Pharmaceuticals, Surfactants & Detergents, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, Japan, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Taiyo Kagaku Co.,Ltd. (Japan), Olean NV (Belgium), Evonik Industries AG (Germany), Lonza (Switzerland), NIHON EMULSION Co., Ltd. (Japan), Guangzhou Cardlo biotechnology Co.,LTD (China), BASF SE (Germany), Sakamoto Yakuhin Kogyo Co., Ltd (Japan), Shandong BinZhou GIN&ING New Material Technology Co., Ltd. (China), Qingdao HuaYi Biological Technology Co., LTD. (China), Henan Chemsino Industry Co.,Ltd (China), Compass Foods Pte Ltd. (Singapore), ABITEC (U.S.), Foodchem International Corporation (China), Estelle Chemicals Pvt. Ltd. (India), and ATAMAN KIMYA (Turkey) among others
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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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Segment Analysis
The global polyglycerol ester market is segmented into five notable segments based on grade, form, hydroxyl value, color, and application.
- On the basis of grade, the global polyglycerol ester market is segmented into food grade, pharmaceutical grade, and industrial grade
In 2024, the food grade segment is expected to dominate the global polyglycerol ester market
In 2024, the food grade segment is expected to dominate the market with a market share of 54.01% due to its widespread use as an emulsifier and stabilizer in processed foods, aligning with growing demand for clean-label, non-toxic, and biodegradable ingredients in the food industry.
- On the basis of form, the global polyglycerol ester market is segmented into thickeners, solubilizers, spreading agents, additives, waxy solids, and inert ingredients
In 2024, the thickeners segment is expected to dominate the global polyglycerol ester market
In 2024, the thickeners segment is expected to dominate the market with a market share of 21.68% due to its extensive use in enhancing the texture, stability, and viscosity of food, cosmetics, and pharmaceutical products, meeting the rising demand for improved product quality and consumer experience.
- On the basis of hydroxyl value, the global polyglycerol ester market is segmented into 50 to 150, 30 to 49, less than 30, and more than 150. In 2024, the 50 to 150 hydroxyl value segment is expected to dominate the market with a market share of 60.92%
- On the basis of color, the global polyglycerol ester market is segmented into light yellow, amber, light tan, and brown. In 2024, the light yellow segment is expected to dominate the market with a market share of 40.55%
- On the basis of application, the global polyglycerol ester market is segmented into food, personal care, pharmaceuticals, surfactants & detergents, and others. In 2024, the food segment is expected to dominate the market with a market share of 54.01%
Major Players
Data Bridge Market Research analyzes Taiyo Kagaku Co.,Ltd. (Japan), Olean NV (Belgium), Evonik Industries AG (Germany), Lonza (Switzerland), NIHON EMULSION Co., Ltd. (Japan), Guangzhou Cardlo biotechnology Co.,LTD (China), as the major players in the global polyglycerol ester market.
Market Developments
- In March 2024, Lonza announced it acquired Roche's Genentech biologics site in Vacaville, California, for USD 1.2 million. The acquisition, boosting Lonza’s manufacturing capacity, included plans to invest approximately USD 500 million to upgrade the facility and support growth
- In August 2024, Foodchem, a prominent player in the food ingredients industry, is thrilled to announce its participation in FISA 2024, in São Paulo, Brazil. Company booth D-95 to explore their latest innovations in food ingredient solutions. This event helps to increase the product presence in various regions
- In August 2023, a raw materials seminar was held in Suzhou and in Guangzhou. The events focused on advancements and applications in the industry, offering valuable insights and networking opportunities for professional’s damage
- In November 2023, at in-cosmetics Asia 2023, held from November 7 to 9, the product showcased at the Ichimaru Pharcos booth received the Spotlight On Formulation Award in the "Love is in the Hair" category. The award was for a formulation developed with Ichimaru Pharcos's "BURGEON-UP (HS)"
Regional Analysis
Geographically, the regions covered in the global polyglycerol ester market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, Japan, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Israel, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant and the fastest growing region in the global polyglycerol ester market
The Asia-Pacific segment is dominating the market due to rapid industrialization, expanding food processing sectors, rising disposable incomes, and increasing demand for processed and convenience foods, alongside growing cosmetics and pharmaceutical industries in countries such as China, India, and Japan.
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