Press release
Humectants Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Humectants Market Size
The humectants market is likely to see significant growth due to the increased demand for cosmetics products. Cosmetics, by definition, are products which alter or enhance the way people look. As a common moisturizing component in lotions, shampoos, and various other cosmetic items, humectant draws moisture from the surroundings into the skin's surface layer. As such, the escalating demand for cosmetics is likely to fuel the expansion of the humectants market. For instance, the International Trade Administration, an American Department of Commerce division that supports the export of nonagricultural U.S. goods and services, reported in July 2022 that the Canadian cosmetics market generated approximately USD 1.24 billion in 2021, and anticipates an annual growth rate of 1.45%, which could raise revenue to USD 1.8 billion by 2024. This underscores that the ongoing surge in cosmetics demand is indeed a key factor in driving the market growth for humectants.
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What is the projected compound annual growth rate (CAGR) of the humectants market from 2025 to 2034, and what factors influence it?
In recent times, the humectants market has witnessed substantial growth. It is projected to escalate from $30.6 billion in 2024 to $32.74 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to the growth during the historic period include the expansion of the food and beverage industry, applications in the pharmaceutical sector, the incidence of dry and sensitive skin conditions, functional properties in food, and demand in the agricultural sector.
Anticipations suggest a robust expansion of the humectants market in forthcoming years. Predicted to reach a valuation of "$45.81 billion by 2029, it's supposed to rise at a compound annual growth rate (CAGR) of 8.8%. The surge in this timeframe is thought to be due to the increasing popularity of clean beauty trends, the proliferation of e-commerce platforms, the emergence of functional foods and nutraceuticals, healthcare application research and development, along with concerns over global water scarcity. Major trendsetters for the period forecasted comprise of packaging innovations, personal care products customization, biotechnology advancements, collaboration across industries, and formulation innovations.
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How are the latest trends influencing the growth of the humectants market?
The surge in innovative approaches is a notable trend that's gaining traction within the humectants market. Businesses within this domain are prioritizing innovation to maintain their relevance and competitiveness. Highlighting this trend, Nexus Ingredient, a UK company that specializes in the creation and distribution of humectants, binders, natural preservatives, fibers, and natural emulsifiers/stabilizers, unveiled a new product in 2022 - the MoistPlus Syrup. This all-natural humectant syrup, derived from cassava root, is free of allergens, gluten, dairy, fructose, and grains. It offers unparalleled humectant effects, control over water absorption and humidity, enhanced visual appeal, extended shelf-life, product purity and integrity, improved outputs, and organically derived color.
What are the major segments of the humectants market and their role in driving growth?
The humectants market covered in this report is segmented -
1) By Product: Sugar Alcohol, Alpha Hydroxy Acid, Glycols, Other Products
2) By Source: Synthetic, Natural
3) By Application: Food And Beverages, Oral And Personal Care, Pharmaceuticals, Animal Feed, Paint And Coating, Pesticides, Other Application
Subsegments:
1) By Sugar Alcohol: Glycerin, Sorbitol, Xylitol
2) By Alpha Hydroxy Acid: Lactic Acid, Glycolic Acid, Citric Acid
3) By Glycols: Propylene Glycol, Ethylene Glycol
4) By Other Products: Urea, Honey, Aloe Vera Extract
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Which regions are key players in the growth of the humectants market?
North America was the largest region in the humectants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global humectants market during the forecast period. The regions covered in the humectants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the humectants market?
Major companies operating in the humectants market include Ashland Global Holdings Inc., Barentz International BV, Brenntag SE, Cargill Incorporated, DuPont Tate & Lyle Bio Products Company LLC, Ingredion Incorporated, Corbion N.V, The Lubrizol Corporation, Vantage Specialty Chemicals Inc., VMP Chemiekontor GmbH, Lipo Chemicals Inc., Ederma Pharma India Private Limited., 5M Biotech India, Roquette Frères Ltd., Xena International Inc., Archer Daniels Midland Company, BASF SE, DuPont de Nemours Inc., Croda International plc, Wacker Chemie AG, Akzo Nobel N.V., Clariant AG, Eastman Chemical Company, Solvay S.A., Evonik Industries AG, PPG Industries Inc., Stepan Company, Huntsman Corporation, Glanbia plc, Galaxy Surfactants Ltd.
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What Is Covered In The Humectants Global Market Report?
• Market Size Forecast: Examine the humectants market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the humectants market for a structured understanding.
• Key Players Overview: Analyze major players in the humectants market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the humectants market.
• Segment Contributions: Evaluate how different segments drive overall growth in the humectants market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the humectants market.
• Industry Challenges: Identify potential risks and obstacles affecting the humectants market.
• Competitive Landscape: Review strategic developments in the humectants market, including expansions, agreements, and new product launches.
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