Polyglycerol Market Share

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.