Global Polyglycerol Polyricinoleate Market Share is Likely to Grow at a CAGR Value of 4.90% By 2028

17-Aug-2022 | Facts and Factors

According to Facts and Factors, the global polyglycerol polyricinoleate market size was worth USD 792.40 million in 2021 and is estimated to grow to USD 1,055.83 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.90% over the forecast period. The report analyzes the polyglycerol polyricinoleate market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the polyglycerol polyricinoleate market.

Polyglycerol is a transparent, viscous and non-volatile liquid obtained by dehydration of glycerol with an epoxy intermediate using an alkaline catalyst. Fatty acid esters, safe, biodegradable and non-ionic surfactants, are used as antistatic and anti-scale agents in food packaging in the food and beverage industry. Mold inhibitors and emulsifiers are also used to make low-fat baked goods, chewing gum and pastries. Polyglycerol is also used in the pharmaceutical and cosmetic fields due to its amphiphilic properties. In addition, cost-effective processes and high usage of polyglycerol polyricinoleate in the pharmaceutical industry are expected to drive market growth during the forecast period. However, fluctuating commodity prices and negative health effects may hinder market expansion in the coming years.

Browse the full “Polyglycerol Polyricinoleate Market Size, Share, Growth Analysis Report By Channel (Online and Offline), By Application (Oils & Fats and Personal Care Items), By Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), and By Type (Confectionery and Bakery), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/polyglycerol-polyricinoleate-market

Segmental Overview

The global polyglycerol polyricinoleate market has been segmented into channel, application, organization size and type. Based on channel, online and offline segmentation of the global polyglycerol polyricinoleate market. The offline segment will dominate the market in 2021 due to the limited availability of polyglycerol polyricinoleate in online channels. Therefore, the consumer market has to buy this product in the offline channel, which aids the growth of the offline segment. The application market is segmented into oils & greases and personal care items. In 2021, personal care items will dominate the global market. The use of polyglycerol as a humectant and thickener in the personal care industry also benefits from the growing preference for organic products. Sales of personal care products are also driven by the growing influence of social media and growing interest in health and cleanliness worldwide. Therefore, these factors are expected to drive the growth of personal care items during the forecast period. Based on organization size, the global polyglycerol polyricinoleate market is segmented into small, medium and large enterprises. The large enterprise segment dominates the market due to its benefits to the food and pharmaceutical industries as manufacturers use polyglycerol polyricinoleate in large quantities to improve product quality. Therefore, these factors are expected to drive the large enterprise segment during the forecast period.

Regional Overview

Asia-Pacific is expected to be the dominant polyglycerol consumption market. The region dominates the market for end-use industries such as food and beverage and cosmetics. The Asian food and beverage market is expected to grow at a substantial CAGR during the forecast period, mainly driven by population growth and purchasing power. This will create a demand for polyglycerol derivatives used as additives and emulsifiers in the food and beverage industry. Furthermore, emulsifiers derived from polyglycerol are also used as ingredients in cosmetic products. In addition, Japan, Singapore, South Korea, Hong Kong and China are among the top 10 cosmetic exporters in the world. Some major polyglycerol producers operating in the Asia-Pacific region are Mitsubishi Chemical Holdings Corporation and Estelle Chemicals Pvt. Ltd.

Report Scope

Competitive Landscape

Key players in the global smart hospitals market include Croda International Plc, Estelle Chemicals Pvt Ltd, Fine Organics, Hefei TNJ Chemical Industry Co Ltd, DPO International, Savannah Surfactants, Palsgaard, Oleon NV, and Ervesa.

Recent Development:

• April 2021: Agricultural Research Council of India - Spices Research Institute of India, Kozhikode, Kerala, has been awarded a patent for the seed coating composition and its preparation. The Institute has successfully developed the seed coating technology PGPR / Bacterial beneficial for seeds; the Institute has successfully field tested and commercialized this seed coating technology.

Global Polyglycerol Polyricinoleate Market is segmented as follows:

By Channel

• Online
• Offline

By Application

• Oils & Fats
• Personal Care Items

By Organization Size

• Small & Medium-Sized Enterprises
• Large Enterprises

By Type

• Confectionery
• Bakery

By Region

• North America

  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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