Polyglycerol Market Trends

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.

• It was found that the total global pharmaceutical sales in 2018 were USD 972.5 billion which rose to USD 1,187 billion in 2021 globally.

• 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

• Stability Challenge of Lipid-based Excipients (LBEs) - for drug delivery affecting the stability of the pharmaceutical product. The unstable solid state of a number of polyglycerol moieties limits their preference for different pharmaceutical applications. Hence, this factor may limit the growth of the market over the forecast period.
• Adoption of Substitutes for Polyglycerols
• Fluctuating Prices of Raw Materials