The latest report by IMARC Group, titled “Polyglycerol Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global polyglycerol market size reached US$ 2.3 Billion in 2021. 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$ 3.7 Billion by 2027, exhibiting a CAGR of 8.67% during the forecast period (2022-2027).
- 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.
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