Global Polyglyceryl Esters Market Overview
The Polyglyceryl Esters Market Size was estimated at 0.54 (USD Billion) in 2022.The Polyglyceryl Esters Industry is expected to grow from 0.58(USD Billion) in 2023 to 1.2 (USD Billion) by 2032. The Polyglyceryl Esters Market CAGR (growth rate) is expected to be around 8.41% during the forecast period (2024 - 2032).
Key Polyglyceryl Esters Market Trends Highlighted
The Polyglyceryl Esters market has several major trends, such as growing interest in natural and sustainable ingredients, improved consumer awareness of the health benefits associated with these esters, and technological advancements in the production process. The increasing demand for naturally sourced sustainable substances can be blamed on customer worries about synthetic chemicals and additives commonly used in food products and personal care. In this respect, polyglyceryl esters derived from vegetable oils have met this need by offering a natural alternative to synthetic emulsifiers.Furthermore, polyglyceryl esters exhibit unique functional properties that make them suitable for various applications. They function as excellent emulsifiers, stabilizers, and thickeners, which give products a better texture and increase their stability during shelf life. As a result, they have grown in popularity, especially in the food and beverage sector, apart from personal care.
The pharmaceutical industry is also witnessing an increased uptake of polyglyceryl esters. Their bio-compatibility, as well as lessened toxicity, makes them ideal excipients for drug preparations. They help improve the solubility, bioavailability, and stability of active components, thus enhancing the safety and effectiveness of drug products.
In the future, ready Polyglyceryl Esters players have immense opportunities to explore new areas like cosmetics, pharmaceuticals, or industrial applications such as cosmetics where you need skin functionality ingredients like moisturizing agents/emulsifying agents/conditioning agents etc provided by Polyglyceryl Esters; drugs to improve drug delivery systems; industrial settings where it can function as lubricants/ release agents/ anti-foaming agents by implication.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyglyceryl Esters Market Drivers
Increasing Demand for Personal Care Products
The rising demand for personal care products, such as cosmetics, toiletries, and skincare products, is a major driver of the polyglyceryl esters market. Polyglyceryl esters are widely used in these products as emulsifiers, stabilizers, and thickeners. They help to improve the texture, consistency, and shelf life of personal care formulations. The growing awareness of personal care and the increasing disposable income of consumers are contributing to the increased demand for these products, which in turn is driving the growth of the polyglyceryl esters market.
Growing Food and Beverage Industry
Furthermore, the polyglyceryl esters market is heavily influenced by a rapidly expanding food and beverage industry. Within the range of bakery items, dairy products, and drinks, among others, polyglyceryl esters serve as emulsifiers, stabilizers, and thickening agents. They enhance the texture, mouth feel, and shelf life of these products. In addition to this, processed foods are in high demand because people have little time to cook at home. Also, functional foods and beverages are becoming increasingly popular, which has contributed to a rise in demand for polyglyceryl esters since they are used in making such foods.
Rising Demand for Biodegradable and Sustainable Ingredients
The growing demand for biodegradable and sustainable ingredients in various industries is a key driver of the polyglyceryl esters market. Polyglyceryl esters are derived from natural sources, such as vegetable oils and glycerin, and they are considered to be biodegradable and environmentally friendly. The increasing awareness of environmental sustainability and the growing demand for eco-friendly products are contributing to the increased demand for polyglyceryl esters in industries such as personal care, food and beverage, and pharmaceuticals.
Polyglyceryl Esters Market Segment Insights:
Polyglyceryl Esters Market Product Type Insights
Polyglyceryl esters are segmented according to product types, which differ depending on the application. Some of these include Polyglyceryl-2 Sesquicaprylate, Polyglyceryl-3 Diisostearate, Polyglyceryl-4 Isostearate, Polyglyceryl-6 Pentaoleate and Polyglyceryl-10 Decaoleate. The nonionic surfactant and emulsifier polyglyceryl 2 sesquicaprylate is found in a range of personal care products such as skin care, hair care, and cosmetics. It helps facilitate the spreadability and absorption of the products; hence, it is mostly used for lotions, creams, and sunscreens.
Another nonionic surfactant and emulsifier is polyglyceryl 3 diisostearate, which is usually employed in cosmetics and other personal care products. Its function here is to stabilize emulsion while making sure that such commodities feel nice on the skin's surface. In a range of personal care products as well as cosmetic applications, the nonionic surfactant/emollient polyglyceryl 4 isostearate exists. Just like the last one, it spreads very well when applied on the skin, besides being a good moisturizer.
Polyglyceryl 6 pentaoleate acts as both a nonionic surfactant and an emollient in most cosmetics and other personal care items. It increases distribution, among other things, since it acts as an effective skin hydrator & conditioner. There are several other nonionic surfactants/emulsifiers, which include polygylceril -10-decaolate, used in a variety of personal care & cosmetic products, which can enhance spreadability & absorptivity alongside giving softness & smoothness to your skin.
These different types have varying uses that help increase overall sales of the Polyglyceryl Esters Market. In the coming years, it is anticipated that the Market will be driven by improving awareness about Polyglyceryl Esters and increasing demand for personal care and cosmetic products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyglyceryl Esters Market Application Insights
The market growth is attributed to the rising demand for polyglyceryl esters in various applications such as food, cosmetics, skincare, healthcare, and personal care. In the Food industry, Polyglyceryl Esters Market is used as an emulsifier, stabilizer, and thickener. They help improve the texture, shelf life, and appearance of food products. The Cosmetics industry uses Polyglyceryl Esters Market as surfactants, emollients, and humectants. They help improve the skin feel, reduce irritation, and provide moisturizing effects. In the skin care industry, Polyglyceryl Esters Market is used as an emollient, humectant, and cleansing agent.They help soften and smooth the skin, reduce dryness, and remove impurities. The Healthcare industry uses Polyglyceryl Esters Market as emulsifiers, stabilizers, and solubilizers. They help improve the delivery of drugs and reduce side effects. The Personal Care industry uses Polyglyceryl Esters Market as surfactants, emollients, and conditioning agents. They help improve the foaming, cleansing, and conditioning properties of personal care products.
Polyglyceryl Esters Market Function Insights
The polyglyceryl esters market has an important role in the function segment, which is why it helps increase the industry’s growth rate since it is used in various end-use industries. Emulsifiers, on the other hand, have a market share with a Polyglyceryl Esters Market revenue of USD 0.37 billion by 2023 that can stabilize blends of immiscible liquids like water and oil. In addition, surfactants, also worth USD 0.25 billion by 2023, can reduce surface tension and aid wetting, foaming, or emulsifying due to their surface-active properties.
Furthermore, stabilizers are very important in preventing product separation or degradation during transportation and storage, thus maintaining their quality till products reach consumers; for instance, it had a Polyglyceryl Esters Market data of USD 0.18 billion by 2023. Thickeners, however, are expected to make up about USD 0.15 billion by 2023 based on their market size, which allows for increasing product viscosity at desired consistency levels and texture. Lastly, moisturizers will reach a mark of USD 0.12 billion according to the Polyglyceryl Esters Market revenue forecasted for the year 2023 because they help hydrate as well as soften skin in personal care products.
Polyglyceryl Esters Market Regional Insights
The Polyglyceryl Esters Market is segmented into North America, Europe, APAC, South America, and MEA. The regional market segmentation provides insights into the geographical distribution of the Market and the potential for growth in each region. North America is expected to account for a significant share of the Polyglyceryl Esters Market revenue in 2023, owing to the presence of a large number of personal care and cosmetics manufacturers in the region. Europe is another major market for polyglyceryl esters, with a growing demand for natural and organic personal care products.APAC is expected to witness the highest growth rate in the coming years due to the rising demand for personal care products in emerging economies such as China and India. South America and MEA are expected to account for a smaller share of the Market but are expected to grow at a steady pace.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyglyceryl Esters Market Key Players And Competitive Insights:
The Polyglyceryl Esters Market's competitive environment is quite diverse. The Market is controlled by important players such as BASF, Croda International, Stepan Company, Evonik, and Palsgaard, who all have significant market shares and sway the industry's dynamics. These market leaders invest continuously in research and development to offer new and improved polyglyceryl ester products in order to maintain their competitiveness and attract more consumers. New market entrants face substantial obstacles in terms of client loyalty and the need for regulatory approval due to the strong presence of incumbents. Price rivalry is another important aspect affecting the Polyglyceryl Esters Market's competitive landscape, with businesses seeking to offer competitive pricing alternatives in order to acquire a greater market share.Palsgaard, a prominent participant in the Polyglyceryl Esters Market, has built a strong reputation for dependability, quality, and creativity. The company provides a large range of polyglyceryl esters for various applications, including food, cosmetics, and personal care. Palsgaard is known for its commitment to sustainability and its steadfast adherence to environmental standards, which has helped it win over customers who are ecologically conscious. Furthermore, Palsgaard's international presence and distribution network enable it to reach a worldwide consumer base.Another important player in the Polyglyceryl Esters Market is Croda International, which focuses on delivering high-quality specialty chemicals to a variety of sectors. Croda offers a wide portfolio of polyglycerol esters tailored to meet the specific needs of various applications. The company's focus on innovation and customer-centric approach has helped it gain a strong foothold in the Market. Croda's presence and established distribution channels enable it to cater to a diverse customer base across different regions.
Key Companies in the Polyglyceryl Esters Market Include:
Polyglyceryl Esters Market Industry Developments
The Polyglyceryl Esters market is projected to reach USD 1.2 billion by 2032, exhibiting a CAGR of 8.41% during the forecast period (2024-2032). Rising demand for personal care products, increasing applications in food and beverage industries, and growing awareness about the benefits of Polyglyceryl Esters are driving market growth. The Market is witnessing strategic collaborations and acquisitions among key players to expand their product portfolios and strengthen their market positions. Recent developments include BASF's expansion of its production capacity for Polyglycerol Esters in Ludwigshafen, Germany, and Evonik's acquisition of Air Products' Polyglycerol Esters business. These developments indicate the growing importance of Polyglyceryl Esters in various industries and the increasing competition within the Market.
Polyglyceryl Esters Market Segmentation Insights
Polyglyceryl Esters Market Product Type Outlook
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Polyglyceryl-2 Sesquicaprylate
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Polyglyceryl-3 Diisostearate
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Polyglyceryl-4 Isostearate
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Polyglyceryl-6 Pentaoleate
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Polyglyceryl-10 Decaoleate
Polyglyceryl Esters Market Application Outlook
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Food
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Cosmetics
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Skincare
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Healthcare
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Personal Care
Polyglyceryl Esters Market Function Outlook
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Emulsifier
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Surfactant
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Stabilizer
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Thickeners
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Moisturizer
Polyglyceryl Esters Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
Polyglyceryl Esters Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
0.54(USD Billion) |
| Market Size 2023 |
0.58(USD Billion) |
| Market Size 2032 |
1.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.41% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Haihang Industry, Elementis Plc, Stepan Company, Emery Oleochemicals, Lambent Technologies, Solvay S.A., BASF SE, Croda International Plc, Kao Corporation, Air Products and Chemicals, Inc., Evonik Industries AG, The Lubrizol Corporation, PMC Biogenix, Mitsubishi Chemical Holdings Corporation, Lonza Group AG |
| Segments Covered |
Product Type, Application, Function, Regional |
| Key Market Opportunities |
Growing demand for personal care productsRising adoption in the food and beverage industryIncreasing use in pharmaceutical applicationsSustainability and eco-friendly alternativesExpansion into emerging markets |
| Key Market Dynamics |
Rising demand for biobased productsIncreasing applications in the food and beverage industryGrowing awareness of health benefitsFavorable regulatory landscapeTechnological advancements in production processes |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
In 2023, the Polyglyceryl Esters Market is estimated to be around USD 0.58 billion, exhibiting a steady growth trajectory.
The Market is projected to reach approximately USD 1.2 billion by 2032, expanding at a CAGR of 8.41% from 2024 to 2032.
North America region is anticipated to lead the Market, primarily driven by the increasing demand from the food and beverage industry in countries like China, India, and Japan.
Polyglyceryl Esters are extensively used in various applications, including emulsifiers, dispersants, and stabilizers in the food and beverage industry, personal care products, and pharmaceuticals.
BASF, Croda International Plc, Evonik Industries, Mitsubishi Chemical Corporation, and Solvay are among the prominent players in the Polyglyceryl Esters Market.
The growing demand for natural and eco-friendly ingredients, coupled with the increasing use of Polyglyceryl Esters in food processing and personal care applications, is driving the market growth.
Fluctuating prices of raw materials and stringent regulations regarding the use of certain chemicals in food and personal care products pose challenges to market growth.
The COVID-19 pandemic had a moderate impact on the Market, leading to temporary disruptions in supply chains and a decline in demand from certain sectors.
The growing awareness of health and wellness, along with the increasing adoption of plant-based ingredients, is driving innovation in the Polyglyceryl Esters Market.
The Market is expected to witness continued growth over the coming years, driven by increasing applications in various industries and the growing demand for sustainable and functional ingredients.
