Polyglycerols are used in a wide
range of end-use industry owing to their application as surfactant, stabilizing
and emulsifying agent among others. The rising growth of the pharmaceutical and
cosmetic and healthcare industries across the globe is substantially affecting
the growth of the polyglycerol market.
The global polyglycerol market has
been driven by a range of application in the various end-use industries such as
food & beverages, pharmaceuticals, personal care among others. Moreover, it
is estimated that the personal care industry is set to witness the highest
growth due to the growing application of polyglycerols in moisturizers, hair
care and other personal care products.
Competitive Analysis:
Some of the prominent players
operating in the global polyglycerol market
are, Procter & gamble (U.S.), SOLVAY(Belgium), Unilever Holdings (England),
Godrej Industries Ltd (India)., Dow Chemical Company (U.S.), The Lonza Group
(Switzerland), The Hershey Company (U.S.), Stepan Company(Illinois), Savannah
Surfactants (India), and Palsgaard (Denmark) among others.
Market Segmentation:
The global polyglycerol market is
segmented into product type and end-user. On the basis of product type, the
market is segregated into PG2, PG3, PG4, PG6, and PG10. The market by end use
industry is bifurcated into food & beverages, pharmaceuticals, personal
care, others.
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Market Scenario:
The PG3 product segment is
anticipated to observe a higher CAGR during the forecast period. The enhanced
and superior qualities of polyglycerols find their application in the food
& beverage and the detergent industry. PG3 is used in margarines, chocolates,
baked products and in other fat substitution applications. Moreover, it is also
used as surfactant in the detergent industry owing to its improved texture,
softness, and fragrance of the product.
The global polyglycerol market is
spanned across five key regions: Asia Pacific, North America, Europe, Latin
America, and the Middle East & Africa. Among these, Asia Pacific holds a
major share of the market and is expected to be the fastest growing region at
an exponential CAGR. The presence of the most populated countries of the world
such as India and China has augmented the demand for various sectors such as
food and beverage, personal care, home care, and automotive among others,
which, in turn, is anticipated to fuel the demand for polyglycerol in the region.
Moreover, the growing processed food demand mainly in Japan, India and China is
also expected to contribute to the market.
The European region is estimated to
witness a significant growth in the countries owing to burgeoning personal care
and automobile industry. The increasing use of polyglycerol by the health-conscious
population owing to the low fat content coupled with the increased use in food
products is expected to be one of the major factors contributing to growth of
the market.
The North American polyglycerol
market is mainly driven by the U.S. and Canada. The presence of the developed
end-user industries coupled with the increasing adoption rate is contributing
significantly to the growth of the market. Moreover, the growing use in
processed food, salad dressings, lotions, detergents, and hair care among
others is fuelling the growth of the polyglycerol market in this region.
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