Market Size – USD 20.06 Billion in 2018, Market Growth - CAGR of 7.3%, Market Trends – Increase in demand for sugar-free and higher nutritional food products.
New York, NY -- (SBWIRE) -- 04/23/2021 -- High demand for healthy and nutritional food products, increased need for enhancing the shelf-life of perishable products, growing awareness and adoption of healthy food products, changing preferences and wide applicability of humectants across cosmetics and pharmaceutical industry are key factors contributing to high CAGR of Humectants during forecast period.
Market Size – USD 20.06 Billion in 2018, Market Growth - CAGR of 7.3%, Market Trends – Increase in demand for sugar-free and higher nutritional food products.
According to the current analysis of Reports and Data, the global Humectants Market was valued at USD 20.06 Billion in 2018 and is expected to reach USD 35.4 Billion by year 2026, at a CAGR of 7.3%. It is the agent that prevent moisture loss and keep the surface hydrated and moisturized and can be found in various cosmetic products like creams, gels, lip balms and lotions. They are even used in F&B industry to retain the moisture and keep them fresh for a longer duration while increasing their shelf-life. Apart from moisturization, it provides other benefits like exfoliation, enhancing the texture, makes skin soft and smooth and prevents dryness. They also acts like magnets and attracts water molecules from the surrounding into the skin. Humectants are extensively used in the industry as an additive to enhance the shelf-life of food products. The advantages of humectants life safe, odor less, lack of extreme flavors, nutritional value and easy availability is expected to boost the demand in industry. Adding humectants to food products enables it to reduce the microbial activity, enhances stability and maintains the texture, taste, smell and quality of the food product. Increase in need for increasing the shelf-life of products and growing demand for healthy and nutritional food products is expected to drive the market of humectants. Humectants play a crucial role in keeping the food safe for consumption. Unsafe food is expected to lead to a vicious cycle of diseases affecting infants, children and elderly. According to a report by World Health Organization (WHO), around 40% of the children below 5 years of age are suffering from foodborne diseases while approximately 125,000 deaths occur every year due to malnutrition and food poisoning in children. The government is taking initiatives to urge people on consuming safe and healthy food to prevent deaths due to unsafe consumption.
Key participants include Cargill (U.S.), The Dow Chemical Company (U.S.), Archer Daniels Midland Company (U.S.). E. I. du Pont de Nemours and Company (U.S.), Roquette Frères (France), BASF SE, Lubrizol, Lipo Chemicals, Vantage Specialty Ingredients, Batory Foods.
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Further key findings from the report suggest
- The market is growing at a CAGR of 1% in Asia Pacific followed by Europe and North America, with 7.1 % and 7.0% CAGR, respectively. Growing demand for humectants as additives and moisturizing agents in cosmetic industry is fueling up the industry.
- As of 2018, Sugar alcohol segment is the dominating Humectants which holds 42.4% of the global market. European regional market is the chief revenue generating source for this product segment, followed by Asia-Pacific and North America regions.
- Moisture affects the microbial activity that accelerates certain chemical changes leading to a change in the texture, taste, color and aroma of product. Humectants prevent this by controlling the moisture changes in the product due to its surrounding humidity fluctuations.
- Humectants can be synthetic and natural. Salt and sugar are the most commonly used natural humectants in industry while some of the natural humectants like honey, egg yolk, egg white and molasses are used to keep it fresh for a longer duration.
- The key manufacturers are developing new strategies to improve the product value and develop products that are more environment and user friendly.
- Humectants can control the moisture especially in humid climate, thereby, reducing the microbial activity taking place in the food and are widely used as additive to preserve it for a longer duration.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/humectants-market
For the purpose of this report, Reports and Data has segmented the Humectants market on the basis of source type, product type, application type and region:
Source (Revenue, USD Million; 2016–2026)
Synthetic
Natural
Animal-based
Plant-based
Product (Revenue, USD Million; 2016–2026)
Sugar alcohol
Glycerol
Alpha hydroxyl acids & Polysaccharides
Glycols
Others
Application (Revenue, USD Million; 2016–2026)
Food & Beverages
Bakery & confectionery products
Beverages
Functional & Nutritional food
Others
Oral & Personal care
Pharmaceuticals
Animal feed
Others
Itchy skin Application
Corticosteroid creams and ointments
Other creams and ointments
Oral medications
Regional (Revenue in USD Million; 2016–2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Changing lifestyle and taste
3.2. Expansion of food industry
3.3. Rise in cosmetics products
3.4. Government rules on standard of humectants
Chapter 4. Humectants Segmentation & Impact Analysis
4.1. Humectants Segmentation Analysis
4.2. Humectants Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Humectants Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Increasing demand for sugar-free additives
4.4.1.2. Increasing awareness on healthy food products
4.4.2. Market restraint analysis
4.4.2.1. Side effects due to use of humectants
4.4.2.2. Volatility in prices of raw materials
4.5. Key opportunities prioritized
4.6. Humectants Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Humectants PESTEL Analysis
….
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Strategy Benchmarking
9.5. Vendor Landscape
Chapter 10. Company Profiles
10.1. Cargill
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Length Benchmarking
10.1.4. Strategic Initiatives
10.2. The Dow Chemical Company
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Length Benchmarking
10.2.4. Strategic Initiatives
10.3. Archer Daniels Midland Company
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Length Benchmarking
10.3.4. Strategic Initiatives
10.4. E. I. du Pont de Nemours and Company
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Length Benchmarking
10.4.4. Strategic Initiatives
10.5. Roquette Frères
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Length Benchmarking
10.5.4. Strategic Initiatives
Continue….
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