Global Crude Glycerine Market Trending in 2021
New York, NY 01 June 2021: The global crude glycerine market size is expected to reach USD 1.26 billion by 2028 according to a new study by Polaris Market Research. The report “Crude Glycerine Market Share, Size, Trends, Industry Analysis Report, By Glycerol Content (Less than 80%, 80% – 90%, More than 90%); By Application (Animal Feed, Wastewater Treatment, Biogas, Oleochemistry, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing demand from developing economies, technological advancement, and significant investments in research and development by leading players fuels the growth of the market. On the basis of glycerol content, the market is segmented into less than 80%, 80%-90%, and more than 90%. Increasing applications, technological advancements, and extensive research and development have increased the application of crude glycerol with varied glycerol content.
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The different applications of crude glycerine include animal feed, wastewater treatment, biogas, oleochemistry, and others. The demand for animal feed has increased significantly over the past few years. Crude glycerol is used as an energy source in animal feed. The growing availability of crude glycerol from the biodiesel industry and cost availability supports the growth of this segment. Rising industrialization, technological advancements, and growing use in oleochemistry support the growth of the crude glycerine demand in the market.
The demand for crude glycerine in Asia Pacific is expected to grow at a significant rate during the forecast period. Rising industrial growth, urbanization, and growth in the demand for animal feed support market growth for crude glycerine in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries. There has been increasing demand for crude glycerine from applications such as wastewater treatment, and biogas production, thereby driving the growth of the market for crude glycerine in Asia Pacific.
Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry. Some of the major market players in crude glycerine industry include GF Energy, Oleon NV, Cargill, Aemetis, Inc., Peter Cremer, Pasand Speciality Chemicals, Renewable Energy Group, Inc., Abengoa Bioenergia SA, Cremer Oleo GmbH & Co. KG, and STOCKMEIER Chemie GmbH & Co. KG.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The global glycerine marketsize is set to gain traction from the increasing demand for bio-based fuels, such as biodiesel backed by rapid industrialization and urbanization.
This information is given by Fortune Business Insights™ in a new report, titled, “Glycerine Market Size, Share & Industry Analysis, By Grade (USP Grade, and Technical Grade), By Application (Personal Care, Food & Beverages, Pharmaceuticals, Polyether Polyols, Chemical Intermediate, and Others), and Regional Forecast, 2020-2027.” The report further states that the glycerine market size was USD 1,622.8 million in 2019 and is projected to reach USD 2,405.5 million by 2027, exhibiting a CAGR of 5.2% during the forecast period.
How Was This Report Developed?Our highly skilled analysts have conducted extensive primary and secondary research to create this special report containing COVID-19 impact.
Through desk research, they came up with relevant qualitative and quantitative data associated with research objectives.
They have analyzed the data sourced through primary research, thereby building recommendations and conclusions.
The secondary research includes Porter’s Five Forces analysis to gain insights into the bargaining power of every link present in the value chain.Drivers & Restraints-Rising Adoption of Natural & Organic Ingredients by Cosmetics Firms to Aid GrowthThe rising inclination of consumers towards naturalpersonal care and cosmetics products is set to propel the glycerine market growth in the coming years.
