Polyglycerol Global Market Report 2024

The polyglycerol market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historical period can be attributed to several factors, including the rising demand for biodegradable products, an increase in consumer awareness regarding sustainable options, regulatory support for environmentally friendly alternatives, the expansion of the personal care industry, and a growth in investments in research and development.

The polyglycerol market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period can be attributed to increased applications of biopolymers, advancements in green chemistry, the expanding cosmeceutical industry, and the growth of the pharmaceutical sector. Major trends expected in the forecast period include trends in bio-based materials, innovations in surfactants, the impact of global population growth, a surge in consumer demand for sustainable products, and increased partnerships and collaborations within the industry.

The polyglycerols market is poised for growth, driven by the increasing utilization of polyglycerols in the healthcare industry. The healthcare sector encompasses entities providing medical services, manufacturing medical equipment or drugs, offering medical insurance, and delivering healthcare to patients. Polyglycerols serve as emulsifiers, dispersants, and penetrants in medicine, finding applications in ointments, tablets, oral liquids, and injections. This surge in the healthcare industry, exemplified by the projected annual increase in national health spending, averaging 5.1% from 2021 to 2030, reaching around USD 6.8 trillion by 2030, is a key factor propelling the growth of the polyglycerols market.

The polyglycerol market is further bolstered by the increasing awareness of health and wellness. This awareness entails a holistic approach to complete psychological, interpersonal, and physical well-being. Polyglycerols find applications in health and wellness products such as wound care, nutraceuticals, cosmetics, and personal care items. Notably, regulatory considerations and safety assessments play a pivotal role in determining their application across diverse industries. The rising dedication to preserving general well-being, as observed in Australia where over half of the population (52%) is committed to strengthening resilience to disease and illness, contributes significantly to the growth of the polyglycerol market.

The polyglycerols market experiences a surge in demand propelled by the food and beverage sector. This industry involves the transformation of raw agricultural goods into consumer food products, with polyglycerols serving various functions such as emulsifiers, dispersants, stabilizers, emollients, and surfactants. The escalating demand for non-alcoholic beverages in the U.S., with sales increasing from USD 430 billion in 2021 to USD 447 billion in 2022, exemplifies the substantial impact of the food and beverage industry on the growth of the polyglycerols market.

A key trend in the polyglycerol market is the emphasis on product innovations. Major companies are actively developing novel solutions to maintain their market position. For example, Palsgaard, a Denmark-based emulsifier and stabilizer company, introduced PGPR 4190 in May 2021, a polyglycerol polyricinoleate (PGPR) product used for mold optimization, flow control, and viscosity reduction in chocolate production. This innovative approach contributes to sustaining market competitiveness.

Major players in the polyglycerol market focus on facility expansions to meet the growing needs of their customer base. Facility expansions involve the physical enhancement of existing structures to accommodate increased capacity or improve efficiency. In February 2023, Palsgaard A/S announced a significant expansion in its specialized Dutch manufacturing for high-grade polyglycerol polyricinoleate (PGPR) emulsifiers, aiming to boost its global capacity for PGPR, a product experiencing a 10% annual growth rate. This strategic move aligns with the increasing demand for polyglycerols and positions Palsgaard for sustained growth.

Major companies operating in the polyglycerol market report are Sakamoto Yakuhin kogyo Co Ltd., Spiga Nord S p A, Lonza Group, Taiyo Kagaku Co Ltd., Estelle Chemicals Pvt Ltd., SPELL ORGANICS LTD, Oleon NV, Croda International Plc, Binzhou GIN&ING New Material Technology, Abitec Corporation, Daicel Corporation, Riken Vitamin Co. Ltd., The Good Scents Company, Cargill Incorporated, Savannah Surfactants, INOVYN, BASF SE, NOVEL CHEM, Jinan Dowin Chemical Technology Co Ltd., Mitsubishi Chemical Holdings Corporation, Mohini Organics Pvt Ltd., Palsgaard, DuPont, Foodchem International Corporation, Venus Ethoxyethers Pvt. Ltd, Stepan Company, Merck KGaA, Procter & Gamble, Solvay S.A., Unilever plc.

Asia-Pacific was the largest region in the polyglycerol market in 2023. The regions covered in the polyglycerol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polyglycerol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of polyglycerol include polyglycerol polyricinoleate, polyglycerol esters, and polyglycerol sebacate. Polyglycerol Polyricinoleate (PGPR) is manufactured through the partial esterification of condensed castor oil fatty acids with polyglycerol. PGPR finds applications as a food additive, emulsifier, stabilizer, and more, and is utilized in industries such as food and beverage, personal care and cosmetics, pharmaceuticals, among others.

The polyglycerol market research report is one of a series of new reports that provides polyglycerol market statistics, including polyglycerol industry global market size, regional shares, competitors with a polyglycerol market share, detailed polyglycerol market segments, market trends and opportunities, and any further data you may need to thrive in the polyglycerol industry. This polyglycerol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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