Humectants Global Market Report 2024

Description

“Humectants Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on humectants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for humectants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The humectants market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Sugar Alcohol; Alpha Hydroxy Acid; Glycols; Other Products
2) By Source: Synthetic; Natural
3) By Application: Food And Beverages; Oral And Personal Care; Pharmaceuticals; Animal Feed; Paint And Coating; Pesticides; Other Application
Companies Mentioned: Ashland Global Holdings Inc.; Barentz International BV; Brenntag SE; Cargill Incorporated; DuPont Tate & Lyle Bio Products Company LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Humectants are organic molecules characterized by their hygroscopic nature and alkyd capping units on either end, such as polyethylene or propylene glycol. They serve the purpose of attracting and binding water molecules to the added ingredients.

The primary types of humectant products include sugar alcohol, alpha hydroxy acid, glycols, and others. Sugar alcohol is a type of carbohydrate commonly found in certain fruits and vegetables but can also be produced commercially through the hydrogenation of sugar. These humectants are derived from various sources, both synthetic and natural, and find applications in food and beverages, oral and personal care products, pharmaceuticals, animal feed, paint and coating, pesticides, and other industries.

The humectants market research report is one of a series of new reports from The Business Research Company that provides humectants market statistics, including humectants industry global market size, regional shares, competitors with a humectants market share, detailed humectants market segments, market trends and opportunities, and any further data you may need to thrive in the humectants industry. This humectants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The humectants market size has grown strongly in recent years. It will grow from $28.64 billion in 2023 to $30.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed during the historical period can be attributed to the growth in the food and beverage industry, increased applications in pharmaceuticals, the prevalence of dry and sensitive skin conditions, the functional properties exhibited in food products, and the demand in agriculture.

The humectants market size is expected to see strong growth in the next few years. It will grow to $41.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to the burgeoning clean beauty movement, the increasing prominence of e-commerce platforms, the growth of functional foods and nutraceuticals, ongoing research and development in healthcare applications, and concerns regarding global water scarcity. Key trends expected in the forecast period encompass innovations in packaging, customization in personal care products, advancements in biotechnology, cross-industry collaboration, and innovations in formulations.

The humectants market is poised for growth, driven by an increasing demand for cosmetics. Cosmetics, products designed to enhance or alter appearance, often incorporate humectants as moisturizing ingredients in lotions, shampoos, and other formulations. Humectants attract moisture from the atmosphere into the skin's outer layer, making them crucial in cosmetics. For example, in February 2022, L'Oreal S.A., a France-based personal care and cosmetic company, reported a substantial 31.8% increase in the annual sales of its active cosmetic segment, reaching €3,924.0 million ($4,318 million) in 2021 compared to €3,011.1 million ($3,313.44 million) in 2020. This surge in demand for cosmetics is a key factor driving the growth of the humectants market.

The humectants market is also set to experience growth due to the rising demand from the food and beverage industry. This industry, encompassing the production, distribution, and sale of edible goods and drinks, utilizes humectants to preserve moisture, extend shelf life, and maintain product freshness. In 2023, the Food and Drink Federation reported a significant 31% increase in food and drink exports in 2022 compared to the previous year. The industry's turnover reached $10.84 billion (£10.3 billion) in 2022, contributing to 33% of the total manufacturing output in Scotland. The increasing demand from the food and beverage industry is a driving force behind the growth of the humectants market.

Innovations play a crucial role as a key trend in the humectants market, with companies focusing on innovative products to sustain their market positions. For instance, Nexus Ingredient, a UK-based company, introduced MoistPlus® Syrup in 2022, an all-natural humectant syrup made from cassava root. This syrup, free from gluten, dairy, allergens, fructose, and grains, offers exceptional humectant results, water absorption control, humidity control, appearance performance, shelf-life extension, product cleanliness, integrity, improved yields, and organic colorant.

Major companies in the humectants market are prioritizing advanced solutions, such as multifunctional ingredients, to expand their market presence and meet diverse consumer demands. Multifunctional ingredients serve multiple purposes within a product or formulation. For example, in April 2021, Symrise AG, a Germany-based chemicals company, launched Hydrolex E, a pure version of ethylhexylglycerin serving as both a humectant and emollient. Nearly odorless, it provides robust product preservation and is compatible with various formulations, including emulsions, wipes, gels, shampoos, and shower gels.

In March 2022, Vantage Specialty Chemicals, a US-based specialty chemicals company, acquired JEEN International Corporation and BotanicalsPlus Inc. The combined resources are expected to strengthen Vantage's position as a solutions-oriented leader in personal care ingredients. JEEN International Corporation and BotanicalsPlus Inc., US-based manufacturers and suppliers of personal care, cosmetics, and pharmaceuticals, contribute to Vantage's strategic growth in the industry.

Major companies operating in the humectants market report are Ashland Global Holdings Inc., Barentz International BV, Brenntag SE, Cargill Incorporated, DuPont Tate & Lyle Bio Products Company LLC, Ingredion Incorporated, Corbion N.V, The Lubrizol Corporation, Vantage Specialty Chemicals Inc., VMP Chemiekontor GmbH, Lipo Chemicals Inc., Ederma Pharma India Private Limited., 5M Biotech India, Roquette Freres Ltd., Xena International Inc., Archer Daniels Midland Company, BASF SE, DuPont de Nemours Inc., Croda International plc, Wacker Chemie AG, Akzo Nobel N.V., Clariant AG, Eastman Chemical Company, Solvay S.A., Evonik Industries AG, PPG Industries Inc., Stepan Company, Huntsman Corporation, Glanbia plc, Galaxy Surfactants Ltd.

North America was the largest region in the humectants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global humectants market during the forecast period. The regions covered in the humectants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the humectants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The humectants market consists of sales of hyaluronic acid, glycerol, and aloe vera. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11802

1. Executive Summary

2. Humectants Market Characteristics

3. Humectants Market Trends And Strategies

4. Humectants Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Humectants Market Size and Growth

5.1. Global Humectants Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Humectants Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Humectants Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Humectants Market Segmentation

6.1. Global Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sugar Alcohol
Alpha Hydroxy Acid
Glycols
Other Products
6.2. Global Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Synthetic
Natural
6.3. Global Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food And Beverages
Oral And Personal Care
Pharmaceuticals
Animal Feed
Paint And Coating
Pesticides
Other Application

7. Humectants Market Regional And Country Analysis

7.1. Global Humectants Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Humectants Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Humectants Market

8.1. Asia-Pacific Humectants Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Humectants Market

9.1. China Humectants Market Overview
9.2. China Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Humectants Market

10.1. India Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Humectants Market

11.1. Japan Humectants Market Overview
11.2. Japan Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Humectants Market

12.1. Australia Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Humectants Market

13.1. Indonesia Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Humectants Market

14.1. South Korea Humectants Market Overview
14.2. South Korea Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Humectants Market

15.1. Western Europe Humectants Market Overview
15.2. Western Europe Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Humectants Market

16.1. UK Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Humectants Market

17.1. Germany Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Humectants Market

18.1. France Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Humectants Market

19.1. Italy Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Humectants Market

20.1. Spain Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Humectants Market

21.1. Eastern Europe Humectants Market Overview
21.2. Eastern Europe Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Humectants Market

22.1. Russia Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Humectants Market

23.1. North America Humectants Market Overview
23.2. North America Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Humectants Market

24.1. USA Humectants Market Overview
24.2. USA Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Humectants Market

25.1. Canada Humectants Market Overview
25.2. Canada Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Humectants Market

26.1. South America Humectants Market Overview
26.2. South America Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Humectants Market

27.1. Brazil Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Humectants Market

28.1. Middle East Humectants Market Overview
28.2. Middle East Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Humectants Market

29.1. Africa Humectants Market Overview
29.2. Africa Humectants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Humectants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Humectants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Humectants Market Competitive Landscape And Company Profiles

30.1. Humectants Market Competitive Landscape
30.2. Humectants Market Company Profiles
- 30.2.1. Ashland Global Holdings Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Barentz International BV
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Brenntag SE
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Cargill Incorporated
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. DuPont Tate & Lyle Bio Products Company LLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Humectants Market Competitive Benchmarking

32. Global Humectants Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Humectants Market

34. Humectants Market Future Outlook and Potential Analysis

34.1 Humectants Market In 2028 - Countries Offering Most New Opportunities
34.2 Humectants Market In 2028 - Segments Offering Most New Opportunities
34.3 Humectants Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer