Global Polyglycerol Market to Reach US$ 5.2 Billion by 2032, Impelled by Escalating Demand for Processed Food Products

December 19, 2022 | Chemical & Materials

The latest report by IMARC Group, titled “Polyglycerol Market Report by Product (PG-2, PG-3, PG-4, PG-6, PG-10), Application (Food and Beverage, Pharmaceuticals, Personal Care, and Others), and Region 2024-2032,” finds that the global polyglycerol market size reached US$ 2.7 Billion in 2023. Polyglycerol is a clear, viscous, and nonvolatile liquid manufactured by dehydrating glycerol with epoxy intermediates. It is widely used in the food and beverage (F&B) industry as a mold inhibitor and an emulsifying agent to produce baked goods, chewing gum, and low-fat spreads. It is also used as an antistatic and antifogging agent for food packaging. Apart from this, due to its amphiphilic properties, polyglycerol finds extensive applications across pharmaceutical and cosmetics industries worldwide.

Global Polyglycerol Market Trends:

The market is primarily driven by the escalating demand for processed food items due to hectic lifestyles and inflating disposable incomes of consumers. In addition, the rising product adoption in the personal care industry as a moisture-retaining agent and thickener is contributing to the market growth. Besides this, polyglycerol derivatives are used in the pharmaceutical industry as drug carriers and in the biomedical sector in regenerative medicines. This, coupled with the rising prevalence of medical ailments, the increasing development of healthcare infrastructure, and the thriving pharmaceutical industry, are positively influencing market growth. Moreover, the leading market players are investing in research and development (R&D) activities to launch advanced product variants that can be used to manufacture water-soluble polymer plasticizers and lubricate food equipment and agrochemicals, thus propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 5.2 Billion by 2032, exhibiting a CAGR of 7.4% during the forecast period (2024-2032). 

Market Summary:

  • Based on the product, the market has been categorized into PG-2, PG-3, PG-4, PG-6, and PG-10.
  • On the basis of the application, the market has been classified into food and beverage (F&B), pharmaceuticals, personal care, 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 in the report, with some of the key players being Cargill Incorporated, Croda International Plc, DuPont de Nemours Inc, Lonza Group AG, Palsgaard A/S, Riken Vitamin Co. Ltd., Sakamoto Yakuhin Kogyo Co. Ltd., Savannah Surfactants, Spiga Nord S.p.A., Stepan Company, The Good Scents Company and The Procter & Gamble Company.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, 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 Cargill Incorporated, Croda International Plc, DuPont de Nemours Inc, Lonza Group AG, Palsgaard A/S, Riken Vitamin Co. Ltd., Sakamoto Yakuhin kogyo Co. Ltd., Savannah Surfactants, Spiga Nord S.p.A., Stepan Company, The Good Scents Company and The Procter & Gamble Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Polyglycerol Market to Reach US$ 5.2 Billion by 2032, Impelled by Escalating Demand for Processed Food Products
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