Polyglycerol Polyricinoleate Market Overview (2023 to 2033)
According to Future Market Insights research, during the projected period, the Polyglycerol Polyricinoleate market is expected to grow at a CAGR of 5.60%. The market value is projected to increase from US$ 1,651.5 million in 2023 to US$ 2,847.9 million by 2033. The Polyglycerol Polyricinoleate market was valued at US$1578.9 million at the end of 2021 and is anticipated to exhibit a CAGR growth of 4.60% from 2016 to 2021.
Market Size Value in 2023
US$ 1,651.5 million
Market Forecast Value in 2033
US$ 2,847.9 million
Global Growth Rate (2023 to 2033)
5.60% CAGR
Forecast Period
2023 to 2033
CAGR of the United Kingdom in Europe
6.10%
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Introduction
Food additives extend the shelf life and improve the flavor of the food. The market for food additives is expanding as consumers' preferences for processed food increase. With excellent emulsifying properties, polyglycerol Polyricinoleate is a food additive that can be produced chemically or naturally.
Castor bean oil is the natural source of polyglycerol Polyricinoleate, but it can also be made compounds from polymerized ricinolein acid as well as polymerized glycerol. The hydrophilic and hydrophobic characteristics of polyglycerol Polyricinoleate make it an effective emulsifier of water in oil. Consequently, the food and beverage industry primarily uses it.
Chemically, Polyglycerol Polyricinoleate is made in four steps, beginning with the preparation of glycerin fatty acid and ending with the partial esterification of castor oil fatty acid to polyglycerol. Depending on the quality desired, it can be used either blended or separately.
Comparing historical outlook and projections for the world's Polyglycerol Polyricinoleate
A new report published by Future market insights, titled, Polyglycerol Polyricinoleate Market-Global Opportunity Analysis and Industry Forecast, 2023 to 2033, projects the global Polyglycerol Polyricinoleate market to reach US$ 2,847.9 million by 2033 and is expected to grow at a CAGR of 5.60% from 2023 to 2033.
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Country-wise Insights
What is the overview of the market of Polyglycerol Polyricinoleate in the world?
The global polyglycerol Polyricinoleate market is categorized into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America, and, North America. North America accounts for the largest share of the polyglycerol Polyricinoleate market.
As consumers are drifting towards processed food, the demand for food additives has increased in the food industry. Thereby propelling the polyglycerol Polyricinoleate market. Europe is expected to hold a significant share of the market. Asia Pacific represents an opportunistic region for the polyglycerol Polyricinoleate market.
As, it offers cost-effective manufacturing facilities and increased the inclination of manufacturers towards cost-effective substitutes for expensive ingredients, thereby spurring the polyglycerol Polyricinoleate market growth.
What is the outlook of Europe in the market of Polyglycerol Polyricinoleate in the world?
As the demand for this synthetic oil continues to surge, Europe's role as an important supplier within the global market is becoming increasingly apparent. Germany serves as one of the largest producers in this industry, leading much of Europe's production. This success is attributed to their extensive research and development efforts which have allowed them to become one of the most successful suppliers within the global market.
Europe has also seen an increase in demand for safe and affordable Polyglycerol Polyricinoleate products, with many countries opting for it over more expensive alternatives due to its high quality and safety standards. In addition, they are able to produce these products at competitive prices which helps attract customers from around the world.
What is the outlook of North America in the market of Polyglycerol Polyricinoleate in the world?
Polyglycerol Polyricinoleate (PGPR) is an emulsifier that is used in many types of food products, such as chocolate and margarine. As the demand for this product has grown rapidly over the last few years. The North American market for PGPR has seen steady growth over the past five years due to its use in a variety of food products. In particular, demand for PGPR in chocolate and ice cream products has increased significantly, leading to a rise in production capacity within the region. Additionally, many companies have started using PGPR as a cost-effective alternative to other traditional emulsifiers. This trend is expected to continue going forward and further strengthen North America's position within this market.
Category-wise Insights
What are the major drivers for Polyglycerol Polyricinoleate in the Market?
The demand for flexible food ingredients is rising among manufacturers as consumer food preferences change, helping to enhance the effectiveness of food products. increasing the market for polyglycerol Polyricinoleate demand. Most commonly, polyglycerol Polyricinoleate is used as a stable, low-viscosity emulsifying agent.
Consequently, preferred in the production of low-fat dispersed products and the baking industry. However, the chocolate industry that's where it finds the most use. The polyglycerol Polyricinoleate adequate stream and water-in-oil emulsified properties help the chocolate's texture as well as tolerance to thickening effects during manufacturing. Additionally, it is less expensive than cocoa butter as an ingredient, piquing manufacturers' interest. Consequently, this is fueling the market for polyglycerol Polyricinoleate. In addition to the food and drink industry, polyglycerol Polyricinoleate is employed in cosmetics as an emollient and skin conditioner.
The polyglycerol Polyricinoleate capacity to reduce fat bloom makes it one of the most useful ingredients in the production of low-fat spreads. The market for polyglycerol Polyricinoleate is thus anticipated to grow due to its wide application and adaptable properties.
What are the two major restraints of Polyglycerol Polyricinoleate in the Market?
However, the chemical manufacturing process of polyglycerol Polyricinoleate involves high operating temperatures along with long reaction times. Thus, adversely affecting the final product quality and leading to discoloration and odor problems. Thus, hampering the adoption of polyglycerol Polyricinoleate among manufacturers and inhibiting its market growth.
Moreover, the permissible limit of the polyglycerol Polyricinoleate intake recommended by the FDA is 7.5 milligrams per kilogram of body weight, if consumed beyond the limit may cause liver enlargement. Hence, usage beyond the permissible limits by manufacturers and limited knowledge among consumers may hamper the growth of the polyglycerol Polyricinoleate market.
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Supermarket and Industrial Distributors Are Propelling the Growth Polyglycerol Polyricinoleate in Market
The Polyglycerol Polyricinoleate in the market is expected to grow at a CAGR of 5.60% during the forecast period of 2023 to 2033. The market for Polyglycerol Polyricinoleate is experiencing a surge in demand as industrial and supermarket distributors are driving the growth of this versatile ingredient. As an emulsifier, PGPR works to keep food ingredients evenly dispersed and can be used in many types of foods, from baked goods to confectionery products. As supermarkets and other businesses recognize the value of this product, they are increasingly turning to PGPR suppliers for their needs.
Industrial distributors have been especially instrumental in promoting the use of PGPR due to its low cost and versatility. It can help enhance texture, flavor, and moisture retention while also aiding in reducing fat content or calories per serving. This makes it a popular choice among health-conscious consumers looking for healthier alternatives without sacrificing taste or texture.
Polyglycerol Polyricinoleate Market Report Scope
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2017 to 2023
Market Analysis
US$ million for Value and Units for Volume
Key Regions Covered
North America
Latin America
Europe
Asia Pacific
Oceania
Middle East and Africa (MEA)
Key Countries Covered
The USA
Canada
Mexico
Germany
The United Kingdom
France
Italy
Spain
China
Japan
India
South Korea
Australia
Brazil
Argentina
South Africa
UAE
Key Segments Covered
By Application
By Source
By Industry
By Region
By Distribution Channel
Key Companies Profiled
Ter Hell & Co. Gumby
DuPont Nutrition & Health
Palsgaard A/S
The Hershey Company
Estelle Chemicals Pvt. Ltd.
Croda International Plc
Sigma-Aldrich Co. LLC.
DPO International Sdn. Bhd.
Univar Inc.
Report Coverage
Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Polyglycerol Polyricinoleate Market is segmentation
By Application, the Polyglycerol Polyricinoleate Market is segmented as:
Emulsifying agent
Filling agent
Thickening agent
By Industry, the Polyglycerol Polyricinoleate Market is segmented as:
Food & Beverage
Chocolate
Confectionery fillings
Low-fat spreads
Fats & Oils
Personal Care
By Source, the Polyglycerol Polyricinoleate Market is segmented as:
Halal
Vegan
Organic
Synthetic
By Region, the Polyglycerol Polyricinoleate Market is segmented as:
North America
Latin America
Europe
Asia Pacific
Oceania
MEA
By Distribution channel, the Polyglycerol Polyricinoleate Market is segmented as:
Convenience Store
Hypermarket/Supermarket
Online
Direct Selling
Frequently Asked Questions
What is the market Share value of Polyglycerol Polyricinoleate in 2023?
The global Polyglycerol Polyricinoleate market will reach a valuation of US$ 1,651.5 million by the end of 2023.
What is the demand outlook forecast for the Polyglycerol Polyricinoleate market?
The global Polyglycerol Polyricinoleate market is forecasted to surpass US$ 2,847.9 million by the end of 2033.
Which are the major countries driving demand for Polyglycerol Polyricinoleate Market?
The USA, Germany, Japan, China, India, Australia, and The United Kingdom are the major countries driving demand for Polyglycerol Polyricinoleate Market.
What is the, USA Polyglycerol Polyricinoleate Market Outlook?
The USA Polyglycerol Polyricinoleate Market is contributing 32.70% of the total value share in the global market.
What is the, Germany Polyglycerol Polyricinoleate Market Outlook?
The Germany Polyglycerol Polyricinoleate Market is contributing 23.90% of total value share in global market.
What is the, Japan Polyglycerol Polyricinoleate Market Outlook?
In Japan Polyglycerol Polyricinoleate Market is contributing 8.10% of total market share which values in year 2023.
What is the, India Polyglycerol Polyricinoleate Market Outlook?
In India Polyglycerol Polyricinoleate Market is contributing 4.20% of CAGR for latest period.
What is the, China Polyglycerol Polyricinoleate Market Outlook?
In China Polyglycerol Polyricinoleate Market is contributing 5.60% of CAGR for latest period.
What is the, Australia Polyglycerol Polyricinoleate Market Outlook?
In Australia Polyglycerol Polyricinoleate Market is contributing 2.30% of total value share in global market.
