The global polyglycerates market size is expected to reach USD 4.13 billion by 2032, according to a new study by Polaris Market Research. The report “Polyglycerates Market Share, Size, Trends, Industry Analysis Report, By Form (Solid, Liquid); By Product Type; By Application; By End User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The widespread challenges associated with non-vegan products fueled the demand for plant-based diets. The ongoing shift in consumer preferences towards plant-based ingredients is propelling the demand for polyglycerates in the coming years. According to an industrial article published in Food Manufacturing, more than half of the population in the United States is showing interest in plant-based diets, which is around 9.6 million, a 300% increase in the past 15 years. The global retail sales of plant-based alternatives are expected to reach $162 billion by 2030. As countries experience a rapid surge in consumer behaviour towards plant-based products, this will further drive the need for natural food additives, contributing to the growth of the polyglycerate market in the next few years.

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The increasing disposable income among the population at the global level, influenced by rising employment opportunities among the population, is driving the demand for various consumer products, including ready-to-eat foods and luxurious products like cosmetics. According to industrial experts, by 2025, the beauty market is expected to have US$ 17.4 billion in India, demonstrating the ongoing expansion of the polyglycerate market in the next few years as it is highly incorporated in cosmetics due to its skin pumping, water binding, and emolient properties.

Furthermore, due to their ability to disperse UV-blocking agents, they are highly incorporated into cosmetic products like sunscreen lotions. Its capability of distributing active ingredients uniformly in product formulations and improving consistency is driving its applications in shampoo and hair conditioners. These factors are all contributing to the growth and expansion of the polyglycerate market in the coming years.

Polyglycerates Market Report Highlights

• Liquid segment is anticipated to witness the highest growth in the coming years due to its ease of application and improved dispersion in the food processing industry.
• Polyethylene glycerol di-oleate segment accounted for the largest market share owing to its higher efficiency as an emulsifier.
• Emulsifier segment is projected to experience a larger revenue share due to its wide range of applications as an emulsifier.
• Asia Pacific is projected to register the largest growth rate in the study period owing to growing pharmaceutical production.
• The global players include Bunge Loders Croklaan, EWG, KOWA India, Matangi Industries, Quadra Chemicals, Vantage Specialty Chemicals & Venus Ethoxyethers.

Polaris Market Research has segmented the polyglycerates market report based on form, product type, application, end user and region:

Polyglycerates, Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Solid
• Liquid

Polyglycerates, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Polyethylene glycerol mono oleate
• Polyethylene glycerol di-oleate
• Polyethylene glycerol mono stearate
• Polyethylene glycerol di stearate

Polyglycerates, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Emulsifier
• Binder
• Surfactant
• Thickener
• Preservative
• Solidifier

Polyglycerates, End User Outlook (Revenue - USD Billion, 2019 - 2032)

• Food and Beverage
  • Coffee whitner
  • Biscuits
  • Ice-creams
  • Baked products
• Personal care
  • Cosmetics
  • Hair & skincare
• Pharmaceuticals
  • Ointments & cream
• Others (Fuels and Lubricant)

Polyglycerates, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa