Polyglycerol is an emulsifier made from glycerol and fatty acids. Glycerol is mainly produced from biodiesel and olechemicals. It is soluble in water and alcohols in all proportions. Polyglycerol used as food additives to improve the properties like flavours, thickness, colour, texture, sweetness, content of nutrition and emulsification in finished product. Polyglycerol can be used as emulsifier in spreads and salad dressings as well as to improve texture for baked food products.
Market Growth Factors:
Increase in demand for food additives as food processing and preservation technologies are developing consistently helps to drive the polyglycerol market. Personal care is the most dominant sector for this market as awareness in consumers for skincare is rising, the demand for body lotions and moisturisers increased boost the market. The increase in need of pharmaceutical grade creams and medicines expected to drive the polyglycerol market. However, due to variation in availability and fluctuating prices of raw materials affect the final pricing of product and restrict the market growth of polyglycerol. Also, varieties of substitute products are available in the market which slows down the market growth of polyglycerol.
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Polyglycerol market is segmented based on products such as, PG2, PG-3, PG-4, PG-6, and PG-10. However, PG-2 and PG-3 are used in food industry products like, cakes, ice-creams, bakery products and chocolates. And PG-4 used as surfactant in detergent industries for better texture, fragrance and softness of the product. Further, polyglycerol market is classified on application base such as, food & beverage, pharmaceuticals and personal care.
Geographically, the polyglycerol market is segregated in
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of the LAMEA
Asia Pacific is the largest region for polyglycerol market. As consumers are getting aware about personal care so, the industries are growing in countries like China, India, Japan and South Korea. Europe is the second largest region in developing polyglycerol market due to increase in usage of polyglycerol in food and beverage industries for countries like Germany and U.K. North American region companies are making huge investments in research and development for producing polyglycerol.
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The major key players in polyglycerol market are
- Spiga Nord S.p.A.
- Lonza Group
- Solvay Chemicals Inc.
- The Hershey Company
- Stepan Company
- Savannah Surfactants
- The Good Scents Company
- P&G Chemicals
- Zanis Group
These players are trying to recognise the needs of market in developing countries and expanding their strategies to improve business needs.
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