The global PolyglycerolMarket size is expected to value at USD 5.52 billion by 2022. The market is subject to witness a substantial growth due to the increasing rising demand for organic extracts in food and beverage industry, minimizing use of petrochemical products, and to curb greenhouse gas emissions. Increasing adoption of genetically modified food (GMO) have adverse effect on the environment, thus creating need for environmental-friendly food products.
Additionally,
major focus in research and development activities for the production of
non-GMO crops is on rise. These factors are expected to fuel growth of the
market in coming years. Globally, the polyglycerol market is predicted to grow
at CAGR of 10.7% in forecast period, providing numerous opportunities for
market players to invest for research and development in the market.
Additionally,
rise in the demand for low-fat food products among consumers is anticipated to
complement market growth during the forecast period. With recent development of
innovative food products and rise in the demand for high quality organic
extracts are attributing to the growth of polyglycerol industry. Stringent laws
and regulation by local governments regarding quality of food and excess of
chemical usage are anticipated to aid market expansion.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/polyglycerol-market/request-sample
Similarly,
increasing preference towards processing of foods at domestic by smaller
countries to achieve self-sufficiency, is anticipated to fuel market growth.
Constant demand of the polyglycerol from cosmetics and personal care sector is
leading to development of sophisticated products, thus amplifying overall
market value.
Properties
of polyglycerol such as multi-functionality, bio-degradability and mildness,
make it ideal choice during production of non-GMO food products. Pharmaceutical
sector is one of the fastest growing segment in the polyglycerol industry with
highest revenue generation in last couple of years. is expected to augment
industry demand. Increasing adoption of science and technology during
manufacturing and development of drugs is one of the critical factors
responsible for the rising demand for the polyglycerol market in pharmaceutical
industry.
Glycerol
is primary ingredient during the production of polyglycerol. Glycerol is
commonly derived from biodiesel and oleo-chemicals, which are cheaper and
easily available in the market. Thus, production of the polyglycerol is
commonly considered as cost-effective process, as price of the polyglycerol is
directly dependent on the cost of the raw ingredients. The process involved
during production of the polyglycerol from glycerol is called as esterification
of fatty acids, which are highly saturated or mono-unsaturated depending on
number of hydroxyl groups present. Glycerol is commonly considered as a
trifunctional molecule that can condense with itself to produce multiple
polymers.
Polyglycerol
esters acts as non-ionic surfactants with range applications in different
industries such as personal care, food& beverage, and pharmaceutical
industry. Polyglycerol esters are of amphiphilic nature, which makes them ideal
choice for the stabilization of various suspensions activities.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/polyglycerol-market
Increasing
use of polyglycerol in cosmetics and personal care sector offer numerous
benefits including emulsification, viscosity management, dispersion and
stability for the end mixture. Application of the polyglycerol in cosmetics and
personal care sector involves hair style gels, skin treatment products, skin
cleansers, baby creams, hand lotions, moisturizers, sunscreens lotions, and
sun-protective sticks. Most popular applications of the polyglycerol are
foundation creams, makeup removers, skin cleansers, and baby creams. In foods
& beverages industry, applications of the polyglycerol include production
of fine bakery products, and chewing gum.
The
polyglycerol industry is divided into regional market segment such as North
America, Europe, Asia-Pacific, Latin America and Africa. North America and
European region have shown major growth in recent years owing to changing foods
patterns among consumers and increasing preference towards exotic and ethnic
food products.
Asia-Pacific
region is predicted to hold major market share in the polyglycerol market with
massive growth in forecast period. Countries such as India, China and Japan are
leading the Asia-Pacific market with rise in the personal disposable income and
substantial focus on research and development activities to formulate new
personal care product by industry leaders, thus gaining competitive advantage
in the market. The key players in the polyglycerol industry are TheLonza Group,
Kosher Foods, Greenfield Farms Food Incorporations, Spiga Nord S.p.A, and
Sakamoto Yakuhinkogyo Co., Ltd.
Market
Segment:
Product
Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)
• PG2
• PG3
• PG4
• PG6
• PG10
Application
Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)
• Food & Beverages
• Pharmaceuticals
• Personal Care
Comments
Post a Comment