Global Humectants Market is accounted for $22.52 billion in 2020 and is expected to reach $41.69 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Rise in consumer demand for low-calorie and healthier food & beverage products, growth in the biodiesel industry, growth in demand from various end-use industries are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the untapped market potential of emerging food and beverage players in developing countries like China and India. The other major reasons behind the growth are rapid population growth, rising consciousness of food safety, and a rising number of investment projects in the food and beverage industry across the region.
Some of the key players profiled in the Humectants Market include Archer Daniels Midland Company, Ashland Global Holdings Inc, Barentz, BASF SE, Batory Foods, Brenntag AG, Cargill, Corbion N.V, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Lubrizol, Roquette Frères, and The DOW Chemical Company.
Sources Covered in Humectants Market
• Synthetic
• Natural
Types Covered:
• Glycerol
• Alpha Hydroxy Acids (AHAs) & Polysaccharides
• Phosphates
• Glycols
• Sugar Alcohols or Polyols
• Urea
• Aloevera
• Acids
• Proteins
• Other Types
Applications Covered:
• Animal Feed
• Pharmaceuticals
• Oral & Personal Care Products
• Food & Beverages
• Paints and Coatings
• Other Applications
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