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