NEW YORK, United States, March 16, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global polyglycerol polyricinoleate market size & share was valued at approximately USD 792.40 million in 2021. The market is expected to grow above a CAGR of 4.90% and is anticipated to reach over USD 1055.83 million by 2028.”
The report analyzes the polyglycerol polyricinoleate market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global market.
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Polyglycerol Polyricinoleate Market Overview:
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.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 792.40 Million |
| Projected Market Size in 2028 | USD 1,055.83 Million |
| CAGR Growth Rate | 4.90% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Croda International Plc, Estelle Chemicals Pvt Ltd, Fine Organics, Hefei TNJ Chemical Industry Co Ltd, DPO International, Savannah Surfactants, Palsgaard, Oleon NV, Ervesa, and Others |
| Key Segment | By Channel, Application, Organization Size, Type and Region |
Key Insights from Primary Research
- As per the analysis, the polyglycerol polyricinoleate market share is likely to grow above a CAGR of around 4.90% between 2022 and 2028.
- The polyglycerol polyricinoleate market size was worth around US$ 792.40 million in 2021 and is estimated to hit approximately US$ 1055.83 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The cost-effective procedures and high utilization of polyglycerol polyricinoleate in the pharmaceutical industry are expected to drive market growth during the forecast period.
- By application, the personal care category dominated the market in 2021.
- By channel, the offline category dominated the market in 2021.
- Based on region, Asia-Pacific dominated the global polyglycerol polyricinoleate market in 2021.
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Industry Growth Drivers
- The cost-effective procedure is expected to drive market growth
Glycerol, a crucial component in the synthesis of polyglycerol, is often produced from oleochemicals and biodiesel, two widely accessible and reasonably priced sources. Consequently, since the price of polyglycerol is directly related to the price of the raw material, the manufacturing of polyglycerol is frequently seen as a cost-effective procedure. The production of polyglycerol from glycerol involves the esterification of fatty acids, which can be either highly saturated or monounsaturated depending on the number of hydroxyl groups present. Also, the growth of the personal care and cosmetics industries is also contributing to the market's expansion throughout the projection period.
Restraints
- Fluctuation in raw material prices is expected to hinder the market growth
The raw ingredients that go into making polyglycerol are particularly susceptible to price changes. Hence, it is anticipated that market growth would be constrained throughout the projected period by changes in the price of the raw materials used to make polyglycerol. Also, the health risks associated with polyglycerol polyricinoleate during the projection period may restrain market expansion..
Polyglycerol Polyricinoleate Market Segmentation 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.
Browse the full Report @ Polyglycerol Polyricinoleate Market Size, Share, Growth Analysis Report - Global and Regional Industry Insights, and Forecast 2022 – 2028
Regional Analysis:
- Asia-Pacific dominates the polyglycerol polyricinoleate market in 2021-2028
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.
Competitive Players:
The report contains qualitative and quantitative research on the global polyglycerol polyricinoleate market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global polyglycerol polyricinoleate market include;
- Croda International Plc
- Estelle Chemicals Pvt Ltd
- Fine Organics
- Hefei TNJ Chemical Industry Co Ltd
- DPO International
- Savannah Surfactants
- Palsgaard
- Oleon NV
- Ervesa
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Recent Industry Developments:
- 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.
The 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
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the size of the polyglycerol polyricinoleate market and what is its expected growth rate?
- What are the primary driving factors that push the polyglycerol polyricinoleate market forward?
- What is the polyglycerol polyricinoleate Industry's top companies?
- What are the different categories that the polyglycerol polyricinoleate Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the polyglycerol polyricinoleate market sample report and company profiles?
Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Channel, Application, Organization Size, Type and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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