Polyglycerol Market to Reach $3.51 Billion by 2028, Fueled by Healthcare Industry Adoption

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Polyglycerol Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.51 billion In 2028 At A CAGR Of 8.9%.

The polyglycerol market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to rising demand for biodegradable products, increasing consumer awareness, regulatory support, expansion of personal care industry, rising investments in research and development.

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..

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Polyglycerol Market Major 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 Driver - 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.

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Prominent Trend - 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.

Polyglycerol Market Players
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 .

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the polyglycerol market in 2023. The regions covered in the polyglycerol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Polyglycerol Market Report Structure
3. Polyglycerol Market Trends And Strategies
4. Polyglycerol Market - Macro Economic Scenario
5. Polyglycerol Market Size And Growth
…..
27. Polyglycerol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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