Polyglycerol Market Report

Polyglycerol Market Analysis By Product (PG2, PG3, PG4, PG6, PG10), By Application (Food & Beverages, Pharmaceuticals, Personal Care), By Region, And Segment Forecasts, 2012 - 2022

Published: November 2017  |  120 Pages  |  Format: PDF  |  Report ID: GVR-2-68038-026-2

Industry Insights

The global polyglycerol market size was valued at USD 2.46 billion in 2014. The rising demand for natural ingredients in food & beverage industry for reducing reliance on petrochemical feedstock as well as greenhouse gas emissions is expected to open new markets for polyglycerol over the forecast period.

Rising concerns over the environmental impact by using GMO foods have forced the manufacturers to increase their R&D on development of non-GMO crops. Companies such as DuPont commenced the production of CSPO (Certified Sustainable Palm Oil) emulsifiers located at Grindsted, Denmark.

China polyglycerol market revenue, by product, 2012 - 2022 (USD Million)

China polyglycerol market

Increasing consumer demand for low fat foods is expected to supplement market growth over the next seven years. Ongoing product innovation, consumer preferences for high-quality products along with strengthening government food regulations is expected to aid market growth. Government of Scotland announced funding at Euro 70 billion in June 2014, to promote output of food processing at domestic level.

Constantly evolving personal care sector, thereby offering various sophisticated products and developing formulations for specific consumer group is expected to create new market avenues for the polyglycerol market. Growing preference for polyglycerol in light of various multi-functionality, biodegradability and mildness is expected to augment industry demand.

A major driver for the polyglycerol market is the tremendous rise in the pharmaceutical industry. Owing to the advancements in science and technology, the pharmaceutical industry has been growing at a rapid pace over the past few years and this trend is expected to continue over the forecast period especially in emerging counties such as China, India, and Brazil.

Raw material used for the production of polyglycerol includes glycerol which is mainly produced from biodiesel, and oleochemicals. Fluctuation in raw material prices on account of variation in the availability of raw material impacts the final price of the polyglycerol.

Product Insights

PG-3 was the largest product segment, accounting for 33.1% of polyglycerol volume in 2014. PG3 esters being extensively used in the food industry specifically in ice-creams, margarines, cakes, baked products, chocolates and in fat substitution applications is expected to drive market growth.

PG3’s use as a surfactant in the detergents industry is also a major factor for its growth over the last few years. It helps in improving texture, fragrance, and softness of the product. Its superior characteristics as a stabilizing agent and emulsifying agent are responsible for a positive outlook in the near future.

PG-4 demand in polyglycerol is expected to grow at a CAGR of 4.9%.PG-4 is extensively used as a non-ionic emulsifier in various applications including pharmaceuticals, cosmetics, food and industrial applications. This is expected to have a positive impact on the overall polyglycerol market.

Increasing demand for food emulsifiers by numerous end use industries including confectionery, convenience foods, and bakery is expected to augment market growth in the near future.

Extensive use of PG-2 in the food industry as a food additive and as an emulsifier is responsible for propelling growth over the forecast period.

Application Insights

Personal care was the largest application segment, accounting for 47.0% of global polyglycerol market volume in 2014. Global personal care sector is expected to witness high growth over the forecast period on account of increasing demand for cream and moisturizer coupled with growing consumer awareness along with rising disposable income. Growing hair care industry in Europe is expected to be a key factor for propelling growth for polyglycerols over the next seven years.

Escalating consumption of emulsifiers in salad dressings, peanut butter, chocolate, margarine and frozen desserts is anticipated to propel demand over the forecast period. Rising disposable income along with changing lifestyles due to rapid urbanization is expected to have positive influence on the market.

Global polyglycerol market revenue by application, 2015 (%)

Global polyglycerol market

Global polyglycerol demand in pharmaceuticals is expected to grow at a CAGR of 5.3% in terms of volume. Increasing need for pharmaceutical grade creams, and other medicines among the population coupled with the growth of pharmaceutical industry is expected to propel polyglycerol demand over the forecast period. Increasing need for antibiotics and extensive research on new diseases is expected to fuel growth.

Positive outlook of the textile industry in China, India and other emerging markets has been major factor contributing towards growth of polyglycerol owing to its use as textile lubricant. Stringent government regulations regarding clean water has resulted in increasing importance of water treatment facilities over the last few years.

Regional Insights

Asia Pacific was the largest region, accounting for 37.0% of global polyglycerol market in 2014. Positive outlook of the personal care industry in the China, India and Japan in light of growing consumer spending coupled with research and development on new personal care formulations by various companies is expected to have a positive impact on market.

Europe was the second largest market for polyglycerol accounting for 31.9% of global polyglycerol market volume in 2014. Extensive use of polyglycerol in the food and beverage sector in Germany and the U.K is expected to play an important role in expansion of the market.

North American Companies are heavily investing in research and development for producing efficient polyglycerol and are trying to maximize its yield. Increasing demand for convenience foods on account of rising consumer awareness towards consuming products with exotic and ethnic taste is expected to further promote food additives market growth in the near future.

Latin America is expected to witness significant growth on account of growing food and beverage industry. Polyglycerol application in bakery and confectionery products has been a huge factor contributing towards expansion of the food and beverage industry and the overall growth of polyglycerol in the region.

Competitive Insights

TheLonza Group produces polyglycerol using natural and renewable resources which are biodegradable, safe and are free of 1,4-dioxane and its precursors. The company’s’ polyglycerol ingredients are certified by Kosher, GRAS and Halal. Spiga Nord S.p.A produces polyglycerol for various end use industries including pharmaceutical, food and cosmetics.

It relies heavily on the collaboration of numerous partners for sale and distribution of the final product including Emanuele Centonze S.A. and Henry Franc. In January 2014, the company announced that it was working on a new polyglycerine product PG-10 that is suitable for the manufacturing of high HLB emulsifier for oil in water emulsions.

Report Scope

Attribute

Details

Base year for estimation

2014

Actual estimates/Historical data

2012 - 2013

Forecast period

2015 - 2022

Market representation

Market revenue in USD Million & CAGR from 2012 to 2022

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, UK, China, Australia, India, Brazil.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the market trends in each of the sub-markets from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the polyglycerol market on the basis of product, application and region:

  • Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)

    • PG2

    • PG3

    • PG4

    • PG6

    • PG10

  • Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)

    • Food & Beverages

    • Pharmaceutical

    • Personal Care

  • Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)

    • North America

      • U.S.

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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