Facts and Factors Market Research has published a new report titled “Polyglycerol Polyricinoleate Market By Channel (Online and Offline), By Application (Oils & Fats and Personal Care Items), By Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), and By Type (Confectionery and Bakery): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the report, the global polyglycerol polyricinoleate market is predicted to be valued at approximately USD 8,03 million in 2018 and is expected to reach a value of around USD 1,255 million by 2027, at a CAGR of around 5.19 % between 2019 and 2027.
Polyglycerol Polyricinoleate is a reputed food additive manufactured from glycerol and fatty acids and is utilized as an emulsifier in myriad applications. The product offers coatings to solid particles with higher molecular weight and stretches further into the lipid continuous phase producing better steric stabilization.
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Moreover, the appearance of the product is yellow and light brown and it is a highly sticky fluid with a impersonal taste & smell along with a melting point lower than zero. The utilization of Polyglycerol Polyricinoleate is controlled by certain legislations like the European Food Safety Authority, The Food Chemicals Codex, and The joint FAO/WHO Expert Committee on Food Additives.
Burgeoning popularity of versatile food constituents among producers to steer the market trends
Escalating demand for adaptable food constituents among the food manufacturers is expected to drive the expansion of the Polyglycerol Polyricinoleate industry over the forecast timeline. Moreover, these products find lucrative applications in the baking sector and in the production of low-fat spread items. Nonetheless, permissible restrictions of the product consumption as per the recommendation of the U.S. FDA are expected to inhibit the business expansion over the forecast period.
Furthermore, emulsifiers like Polyglycerol Polyricinoleate find massive applications in the food industry for enhancing the appearance and consistency of the food items. They are used for crystal modification, crumb softening, protein & starch complexion, and retarding bread stalling. Moreover, bio-compatibility, extended shelf life, thermal stability, and chemical alertness of the emulsifiers make its widely applicable in producing personal care and hygiene items.
Personal care products segment to record the highest CAGR over the forecast period
The personal care products segment is predicted to register the highest growth rate of over 5% during the forecast period. The segmental growth is attributed to rapidly altering customer behavior coupled with huge expenditure on health, personal grooming, and wellness. Moreover, the growing trend of using eco-friendly & sustainable ingredients in the personal care items will proliferate the segment expansion during the forecast period.
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Large enterprises to dominate the Organization Size segment in terms of revenue
The growth of the segment during the period from 2019 to 2027 is credited to massive usage of the emulsifiers in the large-sized firms across the globe.
Asia Pacific to lead the regional market surge during the forecast timeline
The growth of the regional market during the period from 2019 to 2027 is due to the massive spending of middle-income groups on personal care items in countries like India and China. Apart from this, the lucrative demand for the product will impel the regional market growth over the forecast timeframe.
Some of the key players in the market include Croda International Plc., Estelle Chemicals Pvt Ltd., Fine Organics, Hefei TNJ Chemical Industry Co., Ltd., DPO International, Savannah Surfactants, Palsgaard, Oleon NV, and Ervesa.
This report segments the Polyglycerol Polyricinoleate market as follows:
Polyglycerol Polyricinoleate Market: By Channel Segment Analysis
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Polyglycerol Polyricinoleate Market: By Application Segment Analysis
- Oils & Fats
- Personal Care Items
Polyglycerol Polyricinoleate Market: By Type Segment Analysis
Polyglycerol Polyricinoleate Market: By Organization Size Segment Analysis
- Small & Medium-Sized Enterprises
- Large Enterprises
Polyglycerol Polyricinoleate Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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