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Global Polyglycerol Market to Reach USD 4.2 Billion by 2026, Aided by the Rising Demand for Polyglycerol in the Food and Beverages Industry

According to a new report by EMR titled, ‘Global Polyglycerol Market Report and Forecast 2021-2026’, the global market for polyglycerol attained a value of about USD 2.5 billion in 2020. The industry is further expected to grow at a CAGR of 9.1% in the forecast period of 2021-2026 to reach a value of approximately USD 4.2 billion by 2026.

The Asia Pacific region is one of the leading markets for polyglycerol owing to its extensive demand in various end-use industries. The robust growth of the food and beverage industry in countries such as India, China, and Japan, is increasing the demand for emulsifiers, hence augmenting the market growth for polyglycerol in the region. Moreover, the inflating disposable incomes owing to rapid industrialisation and urbanisation is expected to increase the demand for food and beverage products, which is further invigorating the market growth. As various food and beverage products are increasingly manufactured in India and China, the demand for polyglycerol as an additive and emulsifier is surging, which is significantly contributing to the industry growth. In addition, the thriving cosmetics and personal care industry in Japan, South Korea, India, and China is increasing the use of polyglycerols, therefore invigorating the market growth.

Lonza Group Ltd. (OTCMKTS: LZAGF), one of the leading players in the market, was expected to introduce its SYNETH product range of polyglycerol esters at NYSCC Suppliers’ Day 2019 in May 2019. The esters are extremely versatile non-ionic emulsifiers and surfactants that aid formulators in striking the balance between functionality, mildness, and aesthetics. The product range is based on unique and customisable polyglycerol ester to provide key formulation properties by enabling formulation without compromise. Moreover, the product range addresses the consumers’ desire to care for their bodies and the environment while meeting the demand for luxurious and innovative products. The product range can be used for versatile applications in beauty and personal care, from cleaners to leave-on and rinse-off applications for skin, hair, and scalp care. Such developments are increasing the demand for polyglycerol, hence, augmenting the market growth.

Market Analysis by Product, Application and Region:

  • The market, on the basis of product, can be divided into polyglycerol-2 (PG-2), polyglycerol-3 (PG-3), polyglycerol-4 (PG-4), polyglycerol-6 (PG-6), and polyglycerol-10 (PG-10).
  • Based on application, the industry can be divided into food and beverage, pharmaceuticals, and personal care, among others.
  • The regional markets for polyglycerol include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for polyglycerol to slow the process of separation of immiscible phases in the cosmetics and personal care industry is propelling the market growth. 
  • The market growth is being driven by the growing demand for saturated polymeric emulsifiers in various cosmetics. 
  • The increasing use of polyglycerol to enhance aeration as well as stabilise foams in the baking industry is augmenting the industry growth. 
  • The rising demand for products such as biscuits, baked goods, chocolates, and meat products, among others, is increasing the demand for polyglycerol, hence fuelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for polyglycerol for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, applications, and major regions of polyglycerol.
  • It assesses the price trends of the product. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global polyglycerol market are BASF SE, Sakamoto Yakuhin Kogyo Co., Ltd., Oleon NV., Spiga Nord S.p.A., and Lonza Group Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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