The global glycerine market 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.
COVID-19 Pandemic: Rising Demand for Hand Sanitizers to Accelerate Growth
The emergence of the COVID-19 pandemic has surged the demand for hand sanitizers exponentially. Glycerin is mainly used in small proportions to manufacture hand rubs and sanitizers. The WorldHealth Organization (WHO), for instance, released its ethanol-based handrub formulation containing 1.45% glycerol to protect healthcare workers’ skin against dermatitis and dryness. We are providing in-depth reports to help you better understand the current situation.
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 Growth
The rising inclination of consumers towards naturalpersonal care and cosmetics products is set to propel the glycerine market growth in the coming years. This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients. Hence, multiple reputed cosmetic manufacturers, such as L’Oréal,P&G, Unilever, and Johnson & Johnson are extensively using natural and organic ingredients to cater to the high demand. However, as glycerine is obtained during the biodiesel manufacturing process as a by-product, refiners are facing challenges in terms of profit margins and production owing to the fluctuations in prices. It may hinder growth.
Segment-
Personal Care Segment to Generate Largest Share Backed by Usage in Toothpaste & Soaps
Based on application, the personal care segment generated 26.7% in terms of glycerine market share in 2019. This growth is attributable to the increasing usage of glycerine in the production of shaving cream, toothpaste, soaps, hair care, and skincare products. The segment is anticipated to procure the largest share throughout the forthcoming years stoked by the ability of the product to provide conditioning and reduced viscosity.
Regional Analysis-
Expansion of Personal Care Industry to Propel Growth in Asia Pacific
Geographically, Asia Pacificheld USD 733.0 billion in terms of revenue on account of the presence of some of the top companies in Japan, India, Indonesia, and Malaysia. China is set to dominate the regional market because of the expansion of the chemical, food, and personal care industry in the country. The USP grade segment accounted for 49.5%share in China.
Europe, on the other hand, is a key producer ofglycerol and biodiesel worldwide. The rising production of biodiesel stoked by the increasing demand from various European countries would accelerate growth. Besides, the high demand for glycerine fromthe personal care and chemical industries in the U.S. will drive growth in North America.
Competitive Landscape-
Key Players Focus on Expanding Their Production Capacities to Intensify Competition
The market houses a large number of prominent glycerine manufacturers that are mainly focusing on expanding their production capacities to fulfill the high demand. Some of the others are using glycerine in the manufacturing of hand sanitizers to tackle the growing demand amid the COVID-19 pandemic. Below are the two latest industry developments:
- July 2020: Versalis, a wholly owned subsidiary ofEni started producing a new range of liquid hand disinfectant to meet the rising demand amid the COVID-19 pandemic. It will be marketed under the name ‘Invix.’It was developed on the basis of the World Health Organization’s formulation. It contains glycerineas an emollient.
- September 2019:Emery Oleochemicals announced its investment in its Technical Development Center (TDC) in Germany to cater to the increasing demand. Every product is tested here. Also, the beneficial effect of additives is improved and adjusted. This new investment will strengthen the company’s position in the market.
A list of all the renowned glycerine producers operating in the global market:
- Wilmar International (Singapore)
- Emery Oleochemicals (Malaysia)
- IOI Group (Malaysia)
- KLK OLEO (Malaysia)
- Croda International (UK)
- Kao Corporation (Japan)
Information Source:
https://www.fortunebusinessinsights.com/glycerine-market-102168
Herbal products are also used to enhance the skin texture owing to the herbal ingredients found in the product.
Herbal skin care product are free of chemicals and contain extracts made out of plant roots and leaves.
The market share of the herbal products is evaluated to be rising as compared to other synthetic products.Globally the herbal skincare products market share as one of the fastest growing skin care product range is estimated to escalate at a higher growth rate which is supported by the rising mass consumer demand for natural and effective products.
Rapid urbanization and increased disposable income has led to consumers’ inclination towards purchase of personal care products with organic ingredients which also has a positive impact on this market.Adoption of chemical-free products by the consumers is considered to be one of the major drivers for this market.
Increased awareness about the harmful effects of synthetic cosmetics on the skin has raised the bar for quality in the skincare domain and in turn, the market share for herbal skincare products on a global level.Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3792Market Research Future published a half cooked research report on Global Herbal Skincare Products Market which is estimated to grow more than 5.5% during the period of 2017-2023.
Herbal beauty products are derived from plant based sources and have minimal side effect to the skin.
The global glycerine market 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.
They have analyzed the data sourced through primary research, thereby building recommendations and conclusions.
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.
This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients.
The global glycerine market 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 & COVID-19 Impact Analysis, By Grade (USP Grade, and Technical Grade), By Application (Personal Care, Food & Beverages, Pharmaceuticals, Polyether Polyols, Chemical Intermediate, Tobacco, and Others), and Regional Forecast, 2020-2027.” The report further states that the 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.
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 & RestraintsRising Adoption of Natural & Organic Ingredients by Cosmetics Firms to Aid GrowthThe rising inclination of consumers towards natural personal care and cosmetics products is set to propel the glycerine market growth in the coming years.
This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients.
Hence, multiple reputed cosmetic manufacturers, such as L’Oréal, P, Unilever, and Johnson & Johnson are extensively using natural and organic ingredients to cater to the high demand.
Advanced technologies for processing more food types and flavors as secondary food additives, shift of mass lifetowards urbanization and change in food habits of consumers towards better tastes have led to an increased demand for packaged foods which drive the MENA food flavors market.In addition, exposure to the various tastes of food around the world and entry of new market players in recent years has aided the market growth.
Increasing population and growing dispensable income make way for lucrative growth opportunities for the market.Type - Segment AnalysisSynthetic Flavors segment held the largest share in the MENA Food Flavors market in 2019 and is estimated to grow at a CAGR of 4.06% during the forecast period 2020-2025.Economically cheaper production of artificial flavors has helped in keeping the sales cost affordable.
However, Natural Flavors segment is estimated to continue to be the fastest-growing segment and is set to register a highest CAGR during the forecast period 2020-2025 owing to their preference as the ultimate taste supplements in fast food and health consciousness consumers.
Beverages segment is estimated to grow at the highest CAGR during the forecast period 2020-2025, especially in the developing nations, owing to rise in prevalence of ethnic drinks and food products, and westernization of diet in the emerging countries.Geography- Segment AnalysisMiddle East dominated the MENA Food Flavors market in 2019 with a share of more than 80.43%.
North Africa region has the second place in the total market share in this segment, owing to growing consumption of processed foods and growing consumer base of ready-to-eat food products.However, Middle East region is forecast to grow at the highest CAGR during the forecast period 2020-2025 owing to shifting food tastes towards westernized foods, entry of key market players and growing demand for flavored and healthy food.Drivers –MENA Food Flavors MarketIncreasing number of application in beverage and bakeryIncreasing application of natural flavors in beverages and the bakery and confectionery industry drivesthe growth of the global MENA Food Flavors market.
Flavored waters from Food Network are infused with fresh fruits, vegetables and herbs, whose demand is increasing.
The global Organic Energy Bar market was valued at USD 312.89 million in 2020 and is expected to reach USD 849.23 million by the year 2025, at a CAGR of 7.42%.An energy bar is a nutritious, healthy chocolate type bar that provides instant energy for consumption and consists of cereals, dry fruits, wheat, whey, oats and nuts.
And because they are made from all healthy organic ingredients and products, they are in great demand in the younger generation.Get Sample Copy Here: https://introspectivemarketresearch.com/request/3268?utm_source=VLAMajor Key Players Considered in the MarketClif Bar & Company,General Mills Inc.,Mehret Bar,TAOS MOUNTAIN ENERGY FOODS,BumbleBar Inc.,ATRIUM,,Fullwell Mill Ltd,CHIMPANZEE NATURAL NUTRITION,Haco Holding AG,Atkins Nutritionals, Inc.,Quest Nutrition,LLC (US)McKee Foods Corporation,Kellogg Company,Quaker Oats Company,Power BarAbbott Nutrition Manufacturing Inc.The Organic Energy Bar market is segmented by CategoryGluten-FreeConventionalBy Store-BasedSupermarkets & Hypermarkets,Convenience Stores,others By Non-Store-Basedonline grocery storesapplicationsRegions and Countries Level Analysis:North America (U.S., Canada, Mexico)Europe (Germany, U.K., France, Italy, Russia, Spain etc.
)Asia-Pacific (China, India, Japan, Southeast Asia etc.
) According to analysts, the demand for organic foods is skyrocketing as customers around the world are increasingly aware of the harmful effects of unhealthy ingredients in food.
By the end of 2027, the Organic Energy Bar market size is estimated to be $886 million.
We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends.
The global Bioadhesives Market exceeded 750 kilo tons in 2015.
Greater awareness about the adverse effects of synthetic materials can propel market growth.
Environmental regulations that promote the use of biodegradable products could positively impact the market.The global bioadhesives market is fragmented into sources, applications, and regions.
Availability of raw materials, like soy, corn, and starch at low prices is projected to increase the production of these glues during the forecast period.Browse Details of Report @ https://www.hexaresearch.com/research-report/bioadhesives-market Animal based adhesives could expand at a CAGR of over 13% till 2024.
However, the low shelf-life of such adhesives can hinder the growth of the bioadhesives industry.On the basis of applications, the industry is divided into personal care, medical, packaging & paper, construction, and wood, among others.
Bioadhesives are mostly used in industries, such as printed sheets lamination, cigarettes & filters, specialty packaging, and flexible packaging.
