Global Humectants Market to Grow at 6.1% During 2024-2032, Bolstered by Multifarious Applications

December 21, 2021 | Food & Beverages

According to the latest report by IMARC Group, titled “Humectants Market Report by Source (Synthetic, Natural), Type (Sugar Alcohol, Alpha Hydroxy Acid and Polysaccharides, Glycols, and Others), Application (Food and Beverages, Oral and Personal Care, Pharmaceuticals, Animal Feed, and Others), and Region 2024-2032,” finds that the global humectants market reached a value of US$ 28.6 Billion in 2023. Humectants are moisturizing agents that consist of hygroscopic ingredients of hydrophilic groups, such as hydroxyl groups, amines and carboxyl groups, and esters. Humectants draw water molecules out of their environment that help rehydrate the surface of the skin. In addition, humectants encourage the shedding of dead cells by breaking down the proteins that keep them together. As a result, they make the skin appear and feel soft, supple, hydrated and less flaky. They also control moisture changes caused by humidity fluctuations during the processing, transit and storage of various products.

Global Humectants Market Trends:

The market is primarily driven by increasing application of humectants in various industries. For instance, humectants are widely utilized in soaps, shampoos, and conditioners as they assist in moisturization, exfoliation, solvency to dissolve actives and improve the stability of oil in water emulsions. On the other hand, they are used in drug development to regulate the water content in pharmaceutical products. Besides this, humectants are extensively used in water-soluble paints as they help in enhancing stability, maintaining texture, reducing microbial activity and prolonging the shelf life of products. Furthermore, the rising spending capacity of individuals and the consumption of bakery and confectionery products on account of rapid urbanization are also fueling the market growth. Moreover, key manufacturers are developing effective humectants for resin-free pigment concentrates that do not produce volatile organic compounds (VOCs) and provide low influence on paste properties, thereby positively influencing the market growth. Looking forward, the market is expected to grow at a CAGR of 6.1% during the forecast period (2024-2032).

Market Summary:

Based on the source, the market has been segmented into synthetic and natural sources.
On the basis of the type, the market has been classified into sugar alcohol, alpha hydroxy acid and polysaccharides, glycols, and others.
The market has been categorized based on the application into food and beverages, oral and personal care, pharmaceuticals, animal feed, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Archer Daniels Midland Company, Ashland Global Holdings Inc., Barentz International BV, BASF SE, Brenntag SE, Cargill Incorporated, Corbion N.V., DuPont Tate & Lyle Bio Products Company LLC, Ingredion Incorporated, Roquette Frères, The Lubrizol Corporation (Berkshire Hathaway Inc.), and Vantage Specialty Chemicals Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Source, Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Archer Daniels Midland Company, Ashland Global Holdings Inc., Barentz, BASF SE, Brenntag SE, Cargill Incorporated, Corbion N.V., DuPont Tate & Lyle Bio Products Company LLC, Ingredion Incorporated, Roquette Frères, The Lubrizol Corporation (Berkshire Hathaway Inc.) and Vantage Specialty Chemicals Inc.
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Global Humectants Market to Grow at 6.1% During 2024-2032, Bolstered by Multifarious Applications

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