Humectants Market Size, Share, Demand, Growth & Trends by 2032
The global humectants market size is expected to reach US$ 14.72 Billion and is projected to grow at a CAGR of 5% over the forecast period. Since the demand for natural humectants has increased over the past few years, food manufacturers are able to produce a wider range of food products with fewer natural humectants.
By 2033, the packaging food market and cosmetics
market will generate US$24 billion in sales of the humectants market. Recently,
humectants have gained popularity in the food and beverage industry because
they prolong the shelf life of products, help to retain moisture, and enhance
the effectiveness of products by increasing their function. Due to the increase
in food and beverage production, cosmetics and technological advancements, and
a change in lifestyle, the global humectants market remains in high demand.
It is anticipated that the market for humectants will
continue to grow in coming years as the demand for food & beverage,
personal care, and cosmetic products is expected to increase in developed
countries such as Europe and North America. As food humectants are helpful to
keep the moisture of products, they are a major focus of interest in
ready-to-eat meals and snacks. As disposable incomes rise along with a change
in lifestyle, Asia Pacific is predicted to be the fastest growing market for
cosmetics, which will ultimately drive growth in the humectants industry.
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Key Takeaways from the Market Study
- According
to market forecasts, the global humectants market is set to reach US$ 24
Billion by 2032.
- According
to projections, China will grow at a CAGR of 5.8% between 2023 and 2033.
- Skincare
products are expected to account for more than 40% of the global market.
- K.,
Germany, and the U.S. are expected to grow at a combined rate of 42.6%
over the forecast period.
- According
to market projections, the North American humectants market is expected to
grow by 33% by 2033 during the forecast period.
“Surging demand for conventional food and beverage
products, as well as an increase in the use of natural ingredients in cosmetics
and personal care products, will boost the market in the coming years,”
comments an analyst at FMI.
Competitive Landscape
Archer Daniel Midland Company, Ashland Global Holdings
Inc., BASF SE, Barentz, Brenntag AG, Cargill Incorporated, Ingredion, Roquette
Freres, The DOW Chemical Company.
Strategic partnerships allow manufacturers to increase
production and meet consumer demand, which boosts revenue and market share.
Utilizing new technologies and products to manufacture that are beneficial to
the end user. Strategic partnerships can help companies expand their production
capabilities.
- A
new humectant will be produced at a Vantage Specialty Chemicals plant in
Leuna, Germany. Liponic EG-1 (INCI: Glycereth-26) is a humectant
manufactured by Vantage Specialty Chemicals. As the demand for palm-free,
naturally derived humectants grows, Vantage will be able to supply the
growing demand. By enhancing local availability and enhancing service
levels, Vantage will be able to provide better service to European
customers with the new production line at the Leuna facility.
- As
a result of the extension, Liponic EG-1 will also be able to secure a
secure supply chain worldwide. As a result of enhanced traceability,
Liponic EG-1 VLG will be marketed at Leuna. Also, this investment is
intended to contribute to the reduction of the company’s carbon footprint
globally. Liponic EG-1 will reduce its environmental impact due to its
close proximity to European customers.
- In
Malaysia, CETAPHIL® is the #1 dermatological skincare brand, and the
company is excited to announce the new Cetaphil Soothing Foam Wash,
designed for dry to normal sensitive skin and designed to provide optimal
comfort.
Key Segments Covered in the Humectants
Market Industry Survey
Humectants Market by Product:
- Sugar
Alcohol
- Alpha
Hydroxy Acid
- Glycols
- Others
Humectants Market by Application:
- Food
& Beverage
- Oral
& Personal Care
- Pharmaceuticals
- Others
Humectants Market by Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Middle
East & Africa
Browse
Full Report: https://www.futuremarketinsights.com/reports/humectants-market
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