Press release
Exploring the Global Polyglycerol Market: A Comprehensive Overview
The polyglycerol market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increased biopolymer applications, advancements in green chemistry, growing cosmeceutical industry, expanding pharmaceutical sector, expanding pharmaceutical sector.. Major trends in the forecast period include bio-based material trends, surfactant innovation, global population growth impact, surge in consumer demand for sustainable products, partnerships and collaborations..
Market Overview -
Polyglycerol is a homopolymer macromolecule that consists of a series of glycerol-1-phosphate units. It is a carbohydrate that is an acyclic polyol. It is used as emulsifiers in food, pharmaceutical, and personal care products.
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Polyglycerols Market Surges On Rising Adoption In Healthcare Industry
The increasing use of polyglycerols in the healthcare industry is expected to propel the growth of the polyglycerols market going forward. The healthcare industry refers to businesses providing medical services, manufacturing medical equipment or drugs, providing medical insurance, and providing healthcare to patients. Polyglycerols are used as emulsifiers, dispersants, and penetrants in medicine and as emulsifiers for ointments, tablets, oral liquids, and injections. Therefore, the increasing use of polyglycerols in the healthcare industry is driving the growth of the polyglycerols market. For instance, in March 2022, according to the National Health Expenditure (NHE) report released by the Centres for Medicare & Medicaid Services (CMS), a US-based federal agency within the United States Department of Health and Human Services, between 2021 and 2030, the annual increase in national health spending was predicted to average 5.1%, reaching approximately USD 6.8 trillion by 2030. Therefore, the increasing use of polyglycerols in the healthcare industry is driving the growth of the polyglycerol market.
Competitive Landscape -
Major companies operating in the polyglycerol market report are Sakamoto Yakuhin kogyo Co Ltd., Spiga Nord S p A, Lonza Group, Taiyo Kagaku Co Ltd., Estelle Chemicals Pvt Ltd., SPELL ORGANICS LTD, Oleon NV, Croda International Plc, Binzhou GIN&ING New Material Technology, Abitec Corporation, Daicel Corporation, Riken Vitamin Co. Ltd., The Good Scents Company, Cargill Incorporated, Savannah Surfactants, INOVYN, BASF SE, NOVEL CHEM, Jinan Dowin Chemical Technology Co Ltd., Mitsubishi Chemical Holdings Corporation, Mohini Organics Pvt Ltd., Palsgaard, DuPont, Foodchem International Corporation, Venus Ethoxyethers Pvt. Ltd, Stepan Company, Merck KGaA, Procter & Gamble, Solvay S.A., Unilever plc .
Polyglycerol Market Driven By Innovative Solutions
Product innovations are a key trend gaining popularity in the polyglycerol market. Major companies operating in the polyglycerol market are focused on developing new solutions to sustain their position in the market. For instance, in May 2021, Palsgaard, a Denmark-based emulsifier and stabilizer company, launched PGPR 4190, a polyglycerol polyricinoleate (PGPR) product. PGPR 4190 is used for mold optimization, flow control, and viscosity reduction in chocolate production. It is more efficient in low doses and highly cost-effective.
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Key Segments -
The polyglycerol market covered in this report is segmented -
1) By Type: Polyglycerol Polyricinoleate, Polyglycerol Esters, Polyglycerol Sebacate
2) By Application: Food Additives, Emulsifiers, Stabilizers, Other Applications
3) By End-Use: Food And Beverage, Personal Care And Cosmetics, Pharmaceuticals, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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