Polyglycerates Market: Current Analysis and Forecast (2023-2030)
Emphasis on Product Type (Polyglycerol Polyricinoleate, Polyglycerol Esters Polyglycerol Sebacate, and Others), End User (Food & Beverage, Cosmetic, Pharmaceuticals, and Others); Application (Food Additives, Emulsifiers, Stabilizers, and Others) and Region/Country
The polyglycerates market is expected to grow at a strong CAGR of around 8.5% during the forecast period. Polyglycerates are versatile emulsifiers and stabilizers used in various industries, including food and beverages, pharmaceuticals, personal care products, and more. These compounds are derived from the reaction between glycerol and fatty acids, resulting in a range of polyglycerol esters with different properties. One of the key factors driving the demand for polyglycerates is the growing consumer awareness and demand for clean-label and natural ingredients in various products. Polyglycerates are often preferred as they are considered safe and eco-friendly alternatives to synthetic emulsifiers. Additionally, their ability to enhance the stability, texture, and shelf life of products makes them highly sought-after in the food and cosmetics industries. In recent years, several notable collaborations have taken place among companies in the polyglycerates market. For instance, in 2021, BASF, a leading chemical company, collaborated with Lonza, a Swiss contract development and manufacturing organization, to introduce innovative polyglycerate-based formulations for the personal care and home care sectors. This collaboration aimed to provide customized solutions and meet the growing consumer demand for sustainable and effective products.
Some of the major players operating in the market include ABITEC; DuPont; Estelle Chemicals Pvt. Ltd ; Foodchem International Corporation; Jinan Dowin Chemical Technology Co., Ltd; Lonza; Mitsubishi Chemical Holdings Corporation; Mohini Organics Pvt. Ltd.; Oleon NV; and RIKEN VITAMIN Co., Ltd.
Insights Presented in the Report
“Amongst product type, the polyglycerol esters category to grow with high CAGR during the forecast period”
Based on product type, the market is segmented into polyglycerol polyricinoleate, polyglycerol esters, polyglycerol sebacate, and others. The polyglycerol esters segment is anticipated to grow with high CAGR during the forthcoming period. Polyglycerol esters, also known as PGEs, have gained significant attention and utilization in various industries due to their numerous driving factors. These driving factors make them highly desirable for manufacturing and commercial applications. Firstly, PGEs are renowned for their exceptional emulsifying properties. They can stabilize oil-in-water and water-in-oil emulsions and improve the texture, stability, and shelf life of food products such as sauces, dressings, and baked goods.
“Amongst application, the emulsifiers segment held a significant share in the year 2022”
Based on application, the market is segmented into food additives, emulsifiers, stabilisers, and others. The emulsifiers held a significant share of the market in 2022. The increasing demand for convenience food products is a prominent driving factor. With changing lifestyles and busy schedules, consumers are increasingly seeking ready-to-eat and processed food options. Emulsifiers in polyglycerates help stabilize and improve the texture and consistency of these food products, enhancing their shelf life and sensory attributes. As a result, the demand for emulsifiers in food applications is witnessing steady growth. Another driving factor for the emulsifiers segment in the polyglycerates market is the pharmaceutical industry. Emulsifiers are used as excipients in pharmaceutical formulations, aiding in the solubilization and dispersion of active pharmaceutical ingredients. The growing demand for effective drug delivery systems, especially in oral and topical applications, contributes to the increased use of emulsifiers in the pharmaceutical sector.
“Amongst end-users, the food and beverage segment to grow with a significant rate in forecast period”
Based on end-users, the market is segmented into Food & Beverage, cosmetics, pharmaceuticals, and others. The food and beverage is anticipated to grow with high CAGR during the forthcoming period. Polyglycerol and its derivatives are extensively used in food products. For example, Polyglycerol Polyricinoleate (PGPR) is used as an emulsifier in the production of low-fat spreads. Increasing consumption of emulsifiers in products like peanut butter he emulsifiers heand frozen desserts is anticipated to boost the demand for PGPR, thereby propelling the segment growth.
Polyglycerates Market Report Coverage
“Amongst regions, North America region held a significant share in the year 2022”
The North America polyglycerates market is driven by several factors that contribute to its growth and development. Firstly, the increasing demand for polyglycerates in various industries such as food and beverages, pharmaceuticals, personal care, and cosmetics is a key driving force. Polyglycerates are widely used as emulsifiers, stabilizers, and surfactants in these industries, enhancing product quality and performance. Secondly, the growing awareness regarding health and wellness among consumers has led to a surge in demand for natural and organic ingredients in products. Polyglycerates, being derived from vegetable sources and offering natural emulsifying properties, are preferred by manufacturers looking to meet this consumer demand. This has significantly boosted the market growth for polyglycerates in North America.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global polyglyceratess market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Polyglycerates Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global polyglycerates market were the three major steps undertaken to create and analyze the adoption of polyglycerates in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were considered. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global polyglycerates market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the polyglycerates market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the polyglycerates market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report as product type, application, end-users, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the polyglycerates market. Further, we conducted factor analysis using dependent and independent variables such as product type, application, end-users, and region of the polyglycerates market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the polyglycerates market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global polyglycerates market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the polyglycerates market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global polyglycerates market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global polyglycerates market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type, application, end-users, and region in the global polyglycerates market.
The main objective of the Global Polyglycerates Market Study
The current & future market trends of the global polyglycerates market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the polyglycerates market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, application, end-users, and region
- Define and analyze the regulatory framework for the polyglycerates industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the polyglycerates market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the polyglycerates market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the polyglycerates market's current market size and growth potential?
Q2: What are the driving factors for the growth of the polyglycerates market?
Q3: Which segment has the largest share of the polyglycerates market by end user?
Q4: What are the emerging technologies and trends in the polyglycerates market?
Q5: Which region will dominate the polyglycerates market?
Q6: Who are the key players operating in the polyglycerates market?
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