Polyglycerol Market size was valued at USD 2.35 billion in 2024 and is expected to cross USD 6.61 billion by the end of 2037, expanding at more than 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polyglycerol is estimated at USD 2.51 billion.
The growth of the market can be attributed to the increasing export volume for polyglycerol esters of fatty acids (PEFA) (E475) as well as its use in various industries such as food and cosmetics. The global export value for PEFA (E475) in 2021 was USD 43,837,884 thousand, up from USD 38,010,778 thousand in 2020, with an annual growth value of 16% from 2020-2021.
Polyglycerol is one of the polymeric condensation products of glycerol. It is typically produced from natural glycerol, a substance derived from vegetable oils. Polyglycerol is the raw material for food additives and cosmetics, acting as a moisture-retaining agent and thickener for cosmetics. Furthermore, polyglycerol esters of fatty acids (PEFA) (E 475) have been widely used as a food additive. The mean and 95th percentile levels of daily exposure to PEFA utilized as a food additive in children were, respectively, 2.6 and 6.4 mg/kg BW in the non-brand loyal scenario. Global polyglycerol market trends such as higher utilization of polyglycerol as an alternate energy source in the feed of poultry, ruminants, and pigs, and research, are further expected to influence the market’s growth positively over the forecast period. This utilization is also spurred by the escalated consumption of poultry meat globally. As of 2022, approximately 4000 metric tons of poultry meat were solely consumed in India.
Growth Drivers
Growing Utilization of polyglycerol in the Pharmaceutical Industry – Polyglycerols are extensively employed as drug carriers in the pharmaceutical business and in the biomedical industry for regenerative treatments. The surge in the sale of pharmaceuticals is expected to escalate the polyglycerols market in the upcoming years.
Rising Demand from Poultry Sector to be Mixed in Animal Feed – It is predicted that more than 1 billion tons of compound feed are generated globally each year. Around USD 400 billion in revenue is reportedly generated annually by the production of commercial feeds worldwide.
Increasing Inclination towards Fast Food – In 2020, the fast food industry reached around USD 400 million in China alone, while adults aged between 18 to 25 are observed to eat outside once a week. Additionally, the entire fast food sector in the United States was estimated to exhibit a total revenue of USD 300 billion in 2022.
Growing Demand for Polyglycerol in the Cosmetics Products - PEFA(E475) is frequently employed in the production of secure and eco-friendly cosmetic and personal care products. Polyglycerol ranks third among ingredients in cosmetics. Over 15,655 goods have polyglycerol in them.
Escalated Sales and Production Volume of Chocolate Globally – For instance, approximately 7 million metric tons of chocolate are consumed by the global population every year across the globe. Additionally, nearly 18% of the world’s chocolate is consumed in the United States, while nearly 45% of the retail sales of chocolate occur in Europe.
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.2% |
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Base Year Market Size (2024) |
USD 2.35 billion |
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Forecast Year Market Size (2037) |
USD 6.61 billion |
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Regional Scope |
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Product (PG-2, PG-3, PG-4, PG-6, PG-10)
The global polyglycerol market is segmented and analyzed for demand and supply by product into PG-2, PG-3, PG-4, PG-6, and PG-10. Out of these sub-segments, PG-3 is estimated to gain the largest market share over the projected time frame. This can be attributed to the segment’s vast applications in the personal care and cosmetic industries, it is anticipated to remain at the top during the forecast period. Moisturizers, foundation, anti-aging serums, lip gloss, and hair conditioners are all made with PG-3 in the personal care business. The personal care industry is growing rapidly on account of the higher inclination of the global population towards the use of cosmetic products for skin & hair care. For instance, considering the European cosmetic industry, with 841 small and medium-sized businesses (SMEs) in the cosmetics manufacturing sector, France led all of Europe, followed by Italy with 736 SMEs as of 2020.
End-user (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals)
The global polyglycerol market is also segmented and analyzed for demand and supply by end-use into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Amongst these segments, the food & beverage segment is expected to garner a significant share. Polyglycerol is significantly used in the food industry as an emulsifier, colorants, texture stabilizers, preservatives, and others, especially in food production. For instance, in 2020, the total value of labeled packaged food was estimated to increase to approximately USD 850 billion up from USD 700 billion in 2015 worldwide. It can increase the shelf-life of foods such as, cake, meat, biscuits, and others by preventing starch aging. As of 2021, the meat industry across the globe was expected to hit approximately USD 900 billion and is projected to reach around USD 1 trillion by 2027.
Our in-depth analysis of the global market includes the following segments:
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APAC Market Statistics
The Asia Pacific polyglycerol market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the rising use of medicines & drugs, significant expansion of pharmaceutical manufacturing operations, as well as wider application of polyglycerol esters in the pharmaceutical industries, which are regarded as edible ingredients. For instance, comparing 2018 to 2019, the pharmaceutical market in China witnessed a 4% growth. Over USD 276 billion worth of pharmaceutical products were produced in China in 2019. Furthermore, the global polyglycerol market in the Asia Pacific is further expected to witness noteworthy growth on the back of higher consumption of meat and junk food. As mentioned above, polyglycerol is used in food to prevent starch from aging, hence, fast food can last longer for consumption without going contaminated. The consumption of meat is growing at a rapid pace in the region. For instance, the demand for meat is expected to grow by 30% by 2030, and by 2050, it is estimated to rise by approximately 75% in the region.
Koninklijke DSM N.V.
Company Overview
Koninklijke DSM N.V. (DSM) to announce its strategic choice to devote all of its expertise and resources to addressing the pressing socio-economic and environmental issues related to how people produce and consume food worldwide.
Merck KGaA to acquire M Chemical Inc. and the chemical business of Mecaro. This acquisition is based on the semiconductor solution portfolio of the company and to expand Merck KGaA’s global and regional capabilities.
Author Credits: Rajrani Baghel
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