The global Glycerol Market is estimated to be valued at US$ 2.91 billion in 2022 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Glycerol, also known as glycerin, is a colorless and odorless liquid that is used in a wide range of industries such as personal care, pharmaceuticals, food and beverages, and chemicals. It is primarily used as a moisturizing agent in personal care products such as creams, lotions, and soaps. Glycerol also finds application in the pharmaceutical industry for the formulation of various medications. The increasing demand for personal care and pharmaceutical products is expected to drive the growth of the glycerol market. Market Key Trends: One key trend in the glycerol market is the growing demand for bio-based glycerol. Bio-based glycerol is derived from renewable sources such as vegetable oils and animal fats, making it an environmentally friendly alternative to petroleum-based glycerol. The increasing awareness about the harmful effects of petroleum-based products on the environment and the growing preference for sustainable products are driving the demand for bio-based glycerol. Additionally, the use of bio-based glycerol in various applications such as cosmetics, food and beverages, and pharmaceuticals is expected to further boost its market growth. PEST Analysis: Political: The political landscape of the glycerol market is relatively stable, with governments implementing regulations to promote the use of sustainable and environmentally friendly products. However, political unrest or changes in policies can impact the market. Economic: The glycerol market is expected to experience significant economic growth, with a CAGR of 7.4% during the forecast period. This growth can be attributed to various factors, such as increasing industrial applications of glycerol and rising consumer demand for sustainable products. Social: The social aspect of the glycerol market is influenced by changing consumer preferences towards eco-friendly products. As awareness regarding environmental issues grows, there is an increasing demand for sustainable alternatives, including glycerol-based products. Technological: Technological advancements play a crucial role in the glycerol market. Innovations in production processes and the development of new applications for glycerol contribute to market growth. Additionally, advancements in waste management and extraction techniques further enhance the efficiency and cost-effectiveness of glycerol production. Key Takeaways: The global glycerol market is expected to witness high growth, exhibiting a CAGR of 7.4% over the forecast period (2023-2030). This growth can be attributed to increasing industrial applications of glycerol, such as its use as a solvent, lubricant, and in the production of various products like personal care and pharmaceuticals. In terms of regional analysis, Asia Pacific is projected to be the fastest growing and dominating region in the glycerol market. This can be attributed to the presence of emerging economies like China and India, which have a significant demand for glycerol-based products across industries. Additionally, the region's supportive government initiatives towards biofuel production and sustainable development further drive market growth. Key players operating in the glycerol market include Proctor & Gamble Chemicals, Dial Corporation, Croda, Dow Chemicals, Godrej Industries Ltd., Emery Oleochemicals, IOI Group, Kuala Lumpur Kepong Berhad, Wilmar International, and Sofiprotéol Group. These players have a strong presence in the market and are actively involved in product development, mergers and acquisitions, and collaborations to strengthen their market position. Overall, the glycerol market is poised for significant growth in the coming years, driven by factors such as increasing demand for eco-friendly products and advancements in technology. The Asia Pacific region is expected to lead the market, while key players continue to focus on innovation and strategic partnerships to stay competitive. Read More: https://www.marketwebjournal.com/future-prospects-of-the-glycerol-market/
0 Comments
The global Beta Glucan Market is estimated to be valued at US$ 551.4 Mn in 2022 and is expected to exhibit a CAGR of 8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: The Beta Glucan Market refers to the market for a type of soluble fiber found in oats, barley, and other grains and mushrooms. Beta glucans have gained significant attention in recent years due to their potential health benefits, particularly in boosting the immune system. These natural compounds are known to enhance the immune response and reduce the risk of certain diseases. As a result, there is a growing demand for beta glucan-containing products, including supplements, functional foods, and beverages. These products are increasingly being consumed by health-conscious individuals looking to improve their overall well-being and immunity. Market key trends: One of the key trends driving the Beta Glucan Market is the increasing use of beta glucan in the cosmetic industry. Beta glucan has shown promising results in enhancing skin health and reducing signs of aging. It acts as a humectant, helping to retain moisture in the skin and improve its elasticity. Additionally, beta glucan has anti-inflammatory and antioxidant properties, making it an attractive ingredient for skincare products. The rising consumer demand for natural and organic skincare products, coupled with the growing awareness of the benefits of beta glucan, is driving its incorporation in various cosmetic formulations. Overall, the Beta Glucan Market is poised for significant growth, driven by the increasing demand for immune-boosting products and the expanding application of beta glucan in the cosmetic industry. Manufacturers and industry players are expected to capitalize on these trends and develop innovative products to meet consumer preferences and needs. PEST Analysis: Political: The political factors affecting the Beta Glucan market include government regulations and policies related to food and dietary supplements. The market may be influenced by changes in regulations regarding the use of beta glucan in products, labeling requirements, and import/export policies. Economic: The economic factors impacting the market include the overall economic growth and consumer purchasing power. A strong economy and increasing disposable income can drive the demand for beta glucan products, while economic downturns may lead to a decrease in consumer spending. Social: The social factors influencing the market include consumer awareness and acceptance of beta glucan as a dietary supplement. Changing consumer lifestyles and preferences for natural and functional ingredients can contribute to the market growth. Technological: The technological factors affecting the market include advancements in extraction and processing technologies, as well as innovations in product formulations. Improvements in technology can lead to higher production efficiency and the development of new and more effective beta glucan products. Key Takeaways: The global Beta Glucan market is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period (2023-2030), due to increasing consumer awareness about the health benefits of beta glucan. The market size is projected to reach US$ 551.4 Mn by 2022. In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the Beta Glucan market. This can be attributed to the rising demand for natural and functional ingredients in food and dietary supplements, coupled with the increasing prevalence of chronic diseases. Key players operating in the Beta Glucan market include Associated British Foods Plc, Biotec Pharmacon ASA (Biotec BetaGlucans AS), Biothera, the Immune Health Company, Ceapro Inc., Immuno Medic AS, Koninklijke DSM N.V., Super Beta Glucan (SBG) Inc., Groupe Soufflet S.A (AIT Ingredients), Tate & Lyle plc. (Tate & Lyle Oats Ingredients), and Zilor Inc. (Biorigin). These companies are focusing on research and development activities to introduce innovative beta glucan products and expand their market presence. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2023
Categories
All
|