Market Research Report
Global Humectants Market - 2019-2026
|Published by||DataM Intelligence||Product code||879323|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Humectants Market - 2019-2026|
|Published: November 28, 2019||Content info: 130-180 Pages||
Humectants are hygroscopic substances, they possess inherent ability to bind the moisture present in the food and absorb moisture in air. This hygroscopic property helps in preventing food from drying out and sugar present in confectionery from crystallization. The potential benefits over usage of humectants as a key ingredient in processing of food and beverages, cosmetics and pharmaceutical applications includes increased shelf life, stability, viscosity, and slow growth in microorganisms. Humectants are often used as a diabetic product due to its sweetness properties and ability to hold the product moist, and visual appearance. It is used in wide range of food & beverages products which includes fruit & vegetable Juices, processed fruits & vegetables, confectionaries and bakery products. Increasing demand for organic and high-quality ingredients to restrict the growth of microorganisms and improve the shelf life for bakery and confectionaries are primary factories driving the global humectants market.
The global humectants market valued USD XX million in 2018 and it is expected to grow at a CAGR of 7.18% to reach USD XX million by 2026.
Increasing demand for high quality preservative ingredients from food and beverages companies to increase the shelf life of processed foods is primary factor driving the global humectants market. Changing environmental conditions and increased awareness among the communities regarding skin & hair health led to significant increase in consumer demand for personal and skin care products. Increasing production of confectionaries, military rations and personal care products associated with growing usage of humectants as a binding agent is expected to boost consumption of humectants globally during forecast period. It is used as a moisturizing ingredient in the production of cosmetics, skin & hair care products. The benefits associated with humectants as an ingredient in skin care formulation such as moisturization, exfoliation, modification of skin feel and its ability to improve freeze stability of oil in water emulsion. Moreover, increasing food regulations to maintain the freshness in processed food products is further expected to boost the demand for humectants globally during forecast period.
However, availability of alternatives and stringent regulation over the usage of humectants in foods are major factors hindering the growth of humectants market globally during forecast period.
Global humectants market is segmented on the basis of product into food & beverages, personal care, pharmaceuticals, and others.
Food & beverages is predicted to grow at a higher pace in global humectants market during forecast period owing to growing usage of humectants as a key stabilizing agent in the manufacturing of processed food products which includes bakery and confectionery industry. Humectants is used as a stabilization of food products and extends the shelf life through food and moisture control. These ingredients majorly used in the processing of cookies, toothpaste, military rations, confectionaries and others. Some of the key humectants used in the food and beverages products includes non-ionic polyols such as sucrose, glycerin or glycerol and its trimester.
By region, the global humectants market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa.
Europe is expected to dominate global humectants market owing to high presence of processed food industry and increased consumer interests towards cosmetic and personal care products. Changing diet and food habits and increased preferences among the consumers towards convenience food is further expected to boost global humectants market in Europe during forecast period. Additionally, growing consumption of bakery and confectionary products and significant increase in utilization of humectants as a key ingredient in production activities to maintain freshness is contributing to the growth of humectants across the Europe during forecast period.
Global humectants market is currently undergoing advanced technological innovation in production process of various humectants products to decrease the capital investment and electrical consumption.
Some of the key players in the global humectants market includes The Lubrizol Corporation, Cargill Incorporated., Archer Daniels Midland Company, Ingredion Incorporated, and others.
List is not exhaustive