Trusted Business Insights presents the Latest Study on Polyglycerol Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Get Sample Copy of this Report @ Polyglycerol Market Size & Share, Global Sector / Industry Report & Analysis, 2019-2025
Abstract, Snapshot, Market Analysis & Market Definition: Global Polyglycerol Market
The global polyglycerol market size was valued at USD 1.91 billion in 2017 and is projected to witness a CAGR of 9.0% over the forecast period. This growth is attributed to increasing demand for additives in the food industry and rapid expansion of the application sectors, such as personal care and pharmaceuticals. Polyglycerol and its esters find applications as thickeners, solubilizers, additives, inert ingredients, and spreading agents. The product is used as an antifogging agent as it complies with the FDA regulations and thus, can be used in various products, such as food and beverage and personal care items.
On the other hand, the global market may witness slow growth due to the fluctuating costs of raw material. The supply-demand gap is often a key reason behind this fluctuation. Other than polyglycerol, glycerol is used in many products, such as alkyd resins, polyether polyols, and epichlorohydrin. Thus, high demand for glycerol in various applications is likely to create a supply-demand gap affecting its prices.
However, growth of the personal care industry will have a positive impact on the global market. Factors, such as rising preference for organic products, demand for anti-aging products, increasing disposable income, and expansion of social networks, are driving the personal care sector. The global beauty and personal care market was valued at USD 455.3 billion in 2017 and it is expected to grow at a CAGR of 5.9% during the forecast period.
Food & beverages is another important end-use sector. The product is widely used in chocolate production. Rising consumption of chocolate is expected to positively affect the market over the forecast period. The global consumption of chocolate in first nine months of 2018 was 3.01 million tons. Pharmaceutical industry is the third major application segment. Increasing investments in the industry by key companies like Novartis and GlaxoSmithKline are expected to further augment the industry growth.
Market Segmentation, Outlook & Viewpoint: Global Polyglycerol Market
Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
Food & Beverage
Key Players, Recent Developments & Regional Insights: Global Polyglycerol Market
Are you working or have business association with any of the below-listed market leaders? If Yes, Request any ONE of your Competitor Data for free here. *T&C Apply*
Based on products, the global polyglycerol market is segmented into PG-2, PG-3, PG-4, PG-6, and PG-10. In 2017, PG-3 was the largest product segment and accounted for 34.1% of the overall volume share, owing to its extensive use in food industry as an emulsifying agent. It is highly used in spreads, salad dressings, and chocolates. In personal care sector, esters derived from PG-3 are used as emollients and surfactants in cosmetics & skincare products including lip gloss, foundation, hair conditioners, moisturizers, mascara, and anti-aging serums. Some of the most widely used PG-3 esters are polyglyceryl-3 diisostearate, polyglyceryl-3 stearate, and polyglyceryl-3 ricinoleate.
PG-3 is also used widely in bakery sector, which is an important part of the overall food industry. Bakery segment is flourishing across the globe, especially in Asian countries. Chinas bakery sector accounts for approximately 10% of the Chinese F&B industry. PG-4 is another key product and it is used as a non-ionic emulsifier in pharmaceuticals, cosmetics, foods, and industrial applications. Its esters are used as cosmetic and food additives. In cosmetics industry, it is used as a wetting agent, thickener, emollient, and dispersant, which has contributed towards its increasing demand.
Asia Pacific was the largest segment in 2017 and this trend is expected to continue over the forecast period. I is also projected to be the fastest-growing regional market for polyglycerol on account of growing population, demand for personal care products, and rapid developments in the manufacturing sector. According to the International Trade Administration, in 2016, Asian countries comprised 20% of the U.S. global exports for personal care and cosmetics. Europe is the second-largest segment due to high product demand from the regions personal care sector coupled with increasing manufacturing activities, pertaining to pharmaceuticals.
GlaxoSmithKline and Novartis invested in production facility expansion in European countries in 2016 and 2017, respectively. Germany is the largest market in Europe. Heavy investments in the countrys pharmaceutical industry is one of the key factors responsible for this growth. For instance, according to a 2017 report by the European Federation of Pharmaceutical Industries and Association, the pharmaceutical R&D expenditure in Germany accounted for USD 7,466.0 million (‚¬6,216.0 million).
Polyglycerol Market Share Insights
The industry witnesses an intense competition.Some of the key participants include Cargill, Inc.; Sakamoto Yakuhin kogyo Co., Ltd.; Spiga Nord S.p.A.; and The Good Scents Company. Most of these firms are following strategies like R&D activities and new product launch to maintain their industry position. For instance, Cargill, Inc. launched a new sweetener EverSweet, a zero calorie sweetener, for a wide range of beverages.
Key Insights Covered: Global Polyglycerol Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Polyglycerol industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Polyglycerol industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Polyglycerol industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Polyglycerol industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Polyglycerol industry.
Research Methodology: Global Polyglycerol Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ Polyglycerol Market Size & Share, Global Sector / Industry Report & Analysis, 2019-2025
Trusted Business Insights
Media & Marketing Executive
Email Me For Any Clarifications
US: +1 646 568 9797
UK: +44 330 808 0580
This post was originally published on Analytics News