Global Food Additive Propylene Glycol Market: Growth Opportunities and Future Scenario During Forecast Period 2024-2030

August 20, 2024 - The global food additive propylene glycol market is poised for significant growth, driven by increasing consumer demand for processed foods, expanding applications in the food and beverage industry, and advancements in food safety regulations. As the market evolves, industry experts predict a dynamic and prosperous outlook from 2024 to 2030.

Propylene glycol, a versatile and widely used food additive, serves various functions including as a solvent, humectant, and stabilizer. Its unique properties make it an essential ingredient in numerous food products, ranging from baked goods and beverages to confectioneries and dairy items. The growing trend of convenience foods and the rise in consumer preference for processed and ready-to-eat products are expected to drive the demand for propylene glycol in the coming years.

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The major global manufacturers of Food Additive Propylene Glycol include Dow, Repsol, Froggys Fog, ADM, Indorama (Huntsman), Lyondell Basell, INEOS, BASF, SKC, Shell, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Several factors are fueling the expansion of the propylene glycol market:

Rising Demand for Processed Foods: As modern lifestyles become increasingly hectic, there is a growing preference for processed and convenience foods. This trend is anticipated to boost the demand for propylene glycol as a key additive in preserving and enhancing the quality of these products.

Advancements in Food Safety and Regulations: Enhanced regulations and safety standards in the food industry are contributing to the market's growth. Propylene glycol's status as a generally recognized as safe (GRAS) ingredient by regulatory bodies provides a competitive edge and fosters consumer confidence.

Technological Innovations: Continuous innovations in food technology and the development of new formulations are expected to expand the applications of propylene glycol. Research and development efforts aimed at improving the functionality and efficiency of food additives are likely to create new growth opportunities.

Growing Food and Beverage Industry: The global expansion of the food and beverage sector, driven by urbanization and rising disposable incomes, is set to contribute to the increased consumption of propylene glycol. Emerging markets are particularly poised for growth, as they experience shifts in dietary patterns and increased access to processed foods.

Future Outlook

Looking ahead, the global propylene glycol market is projected to witness substantial growth. Market players are expected to capitalize on emerging opportunities by focusing on product innovation, expanding their distribution networks, and forging strategic partnerships. Additionally, sustainability and eco-friendly practices will play a crucial role in shaping the market dynamics, as consumers and businesses alike prioritize environmental considerations.

Industry experts forecast a robust and dynamic market landscape through 2030, driven by evolving consumer preferences, technological advancements, and regulatory developments. Companies that adapt to these trends and leverage growth opportunities will be well-positioned to thrive in the competitive propylene glycol market.

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Table of Content

"1 Food Additive Propylene Glycol Market Overview
1.1 Product Definition
1.2 Food Additive Propylene Glycol by Type
1.2.1 Global Food Additive Propylene Glycol Market Value by Type (2019-2030)
1.2.2 Monopropylene Glycol
1.2.3 Dipropylene Glycol
1.2.4 Tripropylene Glycol
1.3 Food Additive Propylene Glycol by Application
1.3.1 Global Food Additive Propylene Glycol Market Value by Application 2019-2030)
1.3.2 Flavors And Fragrances
1.3.3 Condiment
1.3.4 Food Coloring
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Food Additive Propylene Glycol Revenue (2019-2030)
1.4.2 Global Food Additive Propylene Glycol Sales (2019-2030)
1.4.3 Global Food Additive Propylene Glycol Market Average Price (2019-2030)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global Food Additive Propylene Glycol Revenue by Manufacturer (2019-2024)
3.2 Global Food Additive Propylene Glycol Sales by Manufacturer (2019-2024)
3.3 Global Food Additive Propylene Glycol Average Price by Manufacturer (2019-2024)
3.4 Food Additive Propylene Glycol Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of Food Additive Propylene Glycol, Industry Ranking, 2022 VS 2023
3.5.2 Global Food Additive Propylene Glycol Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global Food Additive Propylene Glycol Market Concentration Rate
3.5.4 Global 5 and 10 Largest Food Additive Propylene Glycol Players Market Share by Revenue
3.6 Food Additive Propylene Glycol Market: Overall Company Footprint Analysis
3.6.1 Food Additive Propylene Glycol Market: Region Footprint
3.6.2 Food Additive Propylene Glycol Market: Company Product Type Footprint
3.6.3 Food Additive Propylene Glycol Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of Food Additive Propylene Glycol, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 Dow
4.1.1 Dow Food Additive Propylene Glycol Details
4.1.2 Dow Food Additive Propylene Glycol Product and Services
4.1.3 Dow Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.1.4 Dow Major Business
4.1.5 Dow Recent Developments/Updates
4.2 Repsol
4.2.1 Repsol Food Additive Propylene Glycol Details
4.2.2 Repsol Food Additive Propylene Glycol Product and Services
4.2.3 Repsol Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.2.4 Repsol Major Business
4.2.5 Repsol Recent Developments/Updates
4.3 Froggys Fog
4.3.1 Froggys Fog Food Additive Propylene Glycol Details
4.3.2 Froggys Fog Food Additive Propylene Glycol Product and Services
4.3.3 Froggys Fog Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.3.4 Froggys Fog Major Business
4.3.5 Froggys Fog Recent Developments/Updates
4.4 ADM
4.4.1 ADM Food Additive Propylene Glycol Details
4.4.2 ADM Food Additive Propylene Glycol Product and Services
4.4.3 ADM Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.4.4 ADM Major Business
4.4.5 ADM Recent Developments/Updates
4.5 Indorama (Huntsman)
4.5.1 Indorama (Huntsman) Food Additive Propylene Glycol Details
4.5.2 Indorama (Huntsman) Food Additive Propylene Glycol Product and Services
4.5.3 Indorama (Huntsman) Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.5.4 Indorama (Huntsman) Major Business
4.5.5 Indorama (Huntsman) Recent Developments/Updates
4.6 Lyondell Basell
4.6.1 Lyondell Basell Food Additive Propylene Glycol Details
4.6.2 Lyondell Basell Food Additive Propylene Glycol Product and Services
4.6.3 Lyondell Basell Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.6.4 Lyondell Basell Major Business
4.6.5 Lyondell Basell Recent Developments/Updates
4.7 INEOS
4.7.1 INEOS Food Additive Propylene Glycol Details
4.7.2 INEOS Food Additive Propylene Glycol Product and Services
4.7.3 INEOS Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.7.4 INEOS Major Business
4.7.5 INEOS Recent Developments/Updates
4.8 BASF
4.8.1 BASF Food Additive Propylene Glycol Details
4.8.2 BASF Food Additive Propylene Glycol Product and Services
4.8.3 BASF Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.8.4 BASF Major Business
4.8.5 BASF Recent Developments/Updates
4.9 SKC
4.9.1 SKC Food Additive Propylene Glycol Details
4.9.2 SKC Food Additive Propylene Glycol Product and Services
4.9.3 SKC Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.9.4 SKC Major Business
4.9.5 SKC Recent Developments/Updates
4.10 Shell
4.10.1 Shell Food Additive Propylene Glycol Details
4.10.2 Shell Food Additive Propylene Glycol Product and Services
4.10.3 Shell Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.10.4 Shell Major Business
4.10.5 Shell Recent Developments/Updates
4.11 Ecochem
4.11.1 Ecochem Food Additive Propylene Glycol Details
4.11.2 Ecochem Food Additive Propylene Glycol Product and Services
4.11.3 Ecochem Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.11.4 Ecochem Major Business
4.11.5 Ecochem Recent Developments/Updates
4.12 Univar Solutions
4.12.1 Univar Solutions Food Additive Propylene Glycol Details
4.12.2 Univar Solutions Food Additive Propylene Glycol Product and Services
4.12.3 Univar Solutions Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.12.4 Univar Solutions Major Business
4.12.5 Univar Solutions Recent Developments/Updates
4.13 Hydratech
4.13.1 Hydratech Food Additive Propylene Glycol Details
4.13.2 Hydratech Food Additive Propylene Glycol Product and Services
4.13.3 Hydratech Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.13.4 Hydratech Major Business
4.13.5 Hydratech Recent Developments/Updates
4.14 Quick Smart Products
4.14.1 Quick Smart Products Food Additive Propylene Glycol Details
4.14.2 Quick Smart Products Food Additive Propylene Glycol Product and Services
4.14.3 Quick Smart Products Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.14.4 Quick Smart Products Major Business
4.14.5 Quick Smart Products Recent Developments/Updates
4.15 Propylene Glycol
4.15.1 Propylene Glycol Food Additive Propylene Glycol Details
4.15.2 Propylene Glycol Food Additive Propylene Glycol Product and Services
4.15.3 Propylene Glycol Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.15.4 Propylene Glycol Major Business
4.15.5 Propylene Glycol Recent Developments/Updates
4.16 Nelson-Jameso
4.16.1 Nelson-Jameso Food Additive Propylene Glycol Details
4.16.2 Nelson-Jameso Food Additive Propylene Glycol Product and Services
4.16.3 Nelson-Jameso Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.16.4 Nelson-Jameso Major Business
4.16.5 Nelson-Jameso Recent Developments/Updates
4.17 National Refrigerants
4.17.1 National Refrigerants Food Additive Propylene Glycol Details
4.17.2 National Refrigerants Food Additive Propylene Glycol Product and Services
4.17.3 National Refrigerants Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.17.4 National Refrigerants Major Business
4.17.5 National Refrigerants Recent Developments/Updates
4.18 Hawkins
4.18.1 Hawkins Food Additive Propylene Glycol Details
4.18.2 Hawkins Food Additive Propylene Glycol Product and Services
4.18.3 Hawkins Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.18.4 Hawkins Major Business
4.18.5 Hawkins Recent Developments/Updates
4.19 Finar
4.19.1 Finar Food Additive Propylene Glycol Details
4.19.2 Finar Food Additive Propylene Glycol Product and Services
4.19.3 Finar Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.19.4 Finar Major Business
4.19.5 Finar Recent Developments/Updates
4.20 Hi-Tech Spring
4.20.1 Hi-Tech Spring Food Additive Propylene Glycol Details
4.20.2 Hi-Tech Spring Food Additive Propylene Glycol Product and Services
4.20.3 Hi-Tech Spring Food Additive Propylene Glycol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
4.20.4 Hi-Tech Spring Major Business
4.20.5 Hi-Tech Spring Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global Food Additive Propylene Glycol Market Size by Region
5.1.1 Global Food Additive Propylene Glycol Consumption Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Food Additive Propylene Glycol Consumption Value by Region (2019-2024)
5.1.3 Global Food Additive Propylene Glycol Consumption Value by Region (2025-2030)
5.1.4 Global Food Additive Propylene Glycol Consumption Value Market Share by Region (2019-2030)
5.2 Global Food Additive Propylene Glycol Sales Quantity by Region
5.2.1 Global Food Additive Propylene Glycol Sales Quantity by Region: 2019 VS 2023 VS 2030
5.2.2 Global Food Additive Propylene Glycol Sales Quantity by Region (2019-2024)
5.2.3 Global Food Additive Propylene Glycol Sales Quantity by Region (2025-2030)
5.2.4 Global Food Additive Propylene Glycol Sales Quantity Market Share by Region (2019-2030)
5.3 Global Food Additive Propylene Glycol Average Price by Region
5.4 North America Food Additive Propylene Glycol Consumption Value (2019-2030)
5.5 Europe Food Additive Propylene Glycol Consumption Value (2019-2030)
5.6 Asia-Pacific Food Additive Propylene Glycol Consumption Value (2019-2030)
5.7 South America Food Additive Propylene Glycol Consumption Value (2019-2030)
5.8 Middle East & Africa Food Additive Propylene Glycol Consumption Value (2019-2030)
6 Market Scenario by Region & Country
6.1 Global Food Additive Propylene Glycol Consumption Value by Region & Country: 2019 Versus 2023 Versus 2030
6.2 Global Food Additive Propylene Glycol Consumption Value by Region & Country (2019-2030)
6.3 Global Food Additive Propylene Glycol Sales Quantity by Region & Country (2019-2030)
6.4 Global Food Additive Propylene Glycol Average Price by Region & Country (2019-2030)
6.5 North America Food Additive Propylene Glycol Market Facts & Figures by Country
6.5.1 North America Food Additive Propylene Glycol Consumption Value by Country: 2019 VS 2023 VS 2030
6.5.2 North America Food Additive Propylene Glycol Sales Quantity by Country (2019-2030)
6.5.3 North America Food Additive Propylene Glycol Consumption Value by Country (2019-2030)
6.5.4 United States
6.5.5 Canada
6.6 Europe Food Additive Propylene Glycol Market Facts & Figures by Country
6.6.1 Europe Food Additive Propylene Glycol Consumption Value by Country: 2019 VS 2023 VS 2030
6.6.2 Europe Food Additive Propylene Glycol Sales Quantity by Country (2019-2030)
6.6.3 Europe Food Additive Propylene Glycol Consumption Value by Country (2019-2030)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific Food Additive Propylene Glycol Market Facts & Figures by Region
6.7.1 Asia Pacific Food Additive Propylene Glycol Market Size by Region: 2019 VS 2023 VS 2030
6.7.2 Asia Pacific Food Additive Propylene Glycol Sales Quantity by Region (2019-2030)
6.7.3 Asia Pacific Food Additive Propylene Glycol Consumption Value by Region (2019-2030)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 China Taiwan
6.7.10 Southeast Asia
6.8 South America Food Additive Propylene Glycol Market Facts & Figures by Country
6.8.1 South America Food Additive Propylene Glycol Market Size by Country: 2019 VS 2023 VS 2030
6.8.2 South America Food Additive Propylene Glycol Sales Quantity by Country (2019-2030)
6.8.3 South America Food Additive Propylene Glycol Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.8.7 Colombia
6.9 Middle East and Africa Food Additive Propylene Glycol Market Facts & Figures by Country
6.9.1 Middle East and Africa Food Additive Propylene Glycol Market Size by Country: 2019 VS 2023 VS 2030
6.9.2 Middle East and Africa Food Additive Propylene Glycol Sales Quantity by Country (2019-2030)
6.9.3 Middle East and Africa Food Additive Propylene Glycol Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 UAE
7 Segment by Type
7.1 Global Food Additive Propylene Glycol Sales Quantity by Type (2019-2030)
7.1.1 Global Food Additive Propylene Glycol Sales Quantity by Type (2019-2024)
7.1.2 Global Food Additive Propylene Glycol Sales Quantity by Type (2025-2030)
7.1.3 Global Food Additive Propylene Glycol Sales Quantity Market Share by Type (2019-2030)
7.2 Global Food Additive Propylene Glycol Revenue by Type (2019-2030)
7.2.1 Global Food Additive Propylene Glycol Revenue by Type (2019-2024)
7.2.2 Global Food Additive Propylene Glycol Revenue by Type (2025-2030)
7.2.3 Global Food Additive Propylene Glycol Revenue Market Share by Type (2019-2030)
7.3 Global Food Additive Propylene Glycol Price by Type (2019-2030)
8 Segment by Application
8.1 Global Food Additive Propylene Glycol Sales Quantity by Application (2019-2030)
8.1.1 Global Food Additive Propylene Glycol Sales Quantity by Application (2019-2024)
8.1.2 Global Food Additive Propylene Glycol Sales Quantity by Application (2025-2030)
8.1.3 Global Food Additive Propylene Glycol Sales Quantity Market Share by Application (2019-2030)
8.2 Global Food Additive Propylene Glycol Revenue by Application (2019-2030)
8.2.1 Global Food Additive Propylene Glycol Revenue by Application (2019-2024)
8.2.2 Global Food Additive Propylene Glycol Revenue by Application (2025-2030)
8.2.3 Global Food Additive Propylene Glycol Revenue Market Share by Application (2019-2030)
8.3 Global Food Additive Propylene Glycol Price by Application (2019-2030)
9 Industry Chain and Sales Channels Analysis
9.1 Food Additive Propylene Glycol Industry Chain Analysis
9.2 Food Additive Propylene Glycol Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Food Additive Propylene Glycol Production Mode & Process
9.4 Food Additive Propylene Glycol Sales and Marketing
9.4.1 Food Additive Propylene Glycol Sales Channels
9.4.2 Food Additive Propylene Glycol Distributors
9.5 Food Additive Propylene Glycol Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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