PUBLISHER: SkyQuest | PRODUCT CODE: 1373801
PUBLISHER: SkyQuest | PRODUCT CODE: 1373801
Global Humectants Market Size, Share, Growth Analysis, By Type(Synthetic Humectants and Natural Humectants.), By Application(Food and Beverages, Personal Care and Cosmetics), By End - use(Plant - based Humectants, Animal - based Humectants and Synthetic -
Global Humectants Market size was valued at USD 10.02 billion in 2021 and is poised to grow from USD 10.67 billion in 2022 to USD 17.66 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).
The global humectants market is experiencing robust growth, fueled by heightened consumer awareness of the advantages of humectants, their expanding range of applications, and technological advancements. A significant catalyst for this market's expansion is the surging desire for natural and organic products among consumers, who are increasingly seeking chemical-free, naturally sourced solutions. This shift in consumer preferences has led to a surge in demand for plant-derived humectants like glycerin and sorbitol. To cater to this demand and harness market opportunities, manufacturers are dedicating efforts to create innovative and sustainable humectant solutions. Furthermore, with the growing consumption of convenience foods and the necessity for enhanced food preservation methods, the food industry's demand for humectants is projected to exhibit steady growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the global humectants market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The global humectants market is segmented in terms of type, application, source, and region. Based on type, the market can be segmented into Synthetic Humectants and Natural Humectants. In terms of application, the market is segmented into Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Animal Feed, and Others. By Source, it can be segmented into Plant - based humectants, Animal - based Humectants and Synthetic - based humectants. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers:
Technological Advancements and Product Innovations
Humectants, which can be derived from diverse sources such as petroleum, plants, and synthetics, are subject to fluctuating raw material costs, notably affecting natural and plant-based variants. This price variability presents a challenge for manufacturers in terms of ensuring stable pricing and effective supply chain management, potentially impacting their overall profitability.
Restraints:
Fluctuating Raw Material Prices
Fluctuating raw material prices, particularly in the case of natural and plant-based humectants, sourced from a range of materials such as petroleum-based, plant-based, and synthetic sources, can significantly influence manufacturers' production costs and overall profitability.
Market Trends:
One notable trend in the global humectants market is the escalating demand for natural and sustainable humectants driven by consumers' heightened awareness of product environmental impact. This shift towards eco-friendly ingredients is propelling the market for natural humectants sourced from renewable origins like plant extracts and bio-based materials. These natural humectants offer advantages such as biodegradability, non-toxicity, and effective moisture retention properties, making them increasingly popular in personal care, food and beverage, and pharmaceutical products. This trend underscores the significance of sustainability in the humectants industry and offers companies the chance to innovate and offer eco-friendly solutions in response to changing consumer preferences.
Table of Contents
- Executive Summary
- Market Overview
- Wheel of Fortune
- Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
- Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
- Market Dynamics & Outlook
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
- Global Humectants Market by Type
- Market Overview
- Synthetic Humectants and Natural Humectants.
- Global Humectants Market by Application
- Market Overview
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Animal Feed and Others.
- Global Humectants Market by End - use
- Market Overview
- Plant - based Humectants
- Animal - based Humectants and Synthetic - based Humectants.
- Global Humectants Market Size by Region
- Market Overview
- North America
- USA
- Canada
- Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
- By Development
- By Company
- By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
- Key Company Profiles
- Cargill, Incorporated (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Archer Daniels Midland Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Dow Chemical Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- BASF SE (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- DuPont de Nemours, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Ingredion Incorporated (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Roquette Freres S.A. (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Ashland Global Holdings Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Barentz International BV (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Corbion N.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Lubrizol Corporation (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Lonza Group Ltd. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Mitsui & Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Croda International Plc (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Eastman Chemical Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Stepan Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Vantage Specialty Chemicals, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Brenntag AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Evonik Industries AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Givaudan SA (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
