Global Food and Pharmaceutical Grade Propylene Glycol Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Food and Pharmaceutical Grade Propylene Glycol Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Food and Pharmaceutical Grade Propylene Glycol market size was valued at USD 3958.4 million in 2022 and is forecast to a readjusted size of USD 4431.8 million by 2029 with a CAGR of 1.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The key manufacturers of Food and Pharmaceutical Grade Propylene Glycol include Dow, Lyondell Basell, SKC, Shell, ADM, BASF, Repsol, etc. Dow is the world's largest player, with a market share of about 38%.

Europe and the United States are the world's top two markets, accounting for about 23% and 22% of the world market respectively.

Food and Pharmaceutical Grade Propylene Glycol is made by two main methods: Hydration and Transesterification.

In terms of application, it is used in food and beverage, cosmetics and personal care, pharmaceuticals, and other downstream industries.

Cosmetics and personal care industry is the most widely used, accounting for more than 50% of all downstream industries. The next is the food and beverage industry, accounting for about 33%.

The European authorities responsible for consumer health have approved the use of propylene glycol with food:



In direct food contact regulated by EC Regulation No 1333/2008 on food additives: Propane-1,2-diol (propylene glycol USP/EP) is listed as an approved food additive in Annexes II+III under E1520. Propylene Glycol USP/EP meets the purity criteria for E1520 (propane- 1,2-diol) included Annexes II and III to in EC Regulation No 2012/231, laying down specifications for food additives in Annexes II and III to Regulation No 1333/2008.

In indirect food contact covered by EU Regulation 10/2011 and amendments) relating to plastic materials and articles intended to come into contact with food, such as packaging material.



Propylene Glycol (PG) USP/EP is a pharmaceutical grade of propylene glycols (PG or MPG) with a specified purity greater than 99.8%.

This report is a detailed and comprehensive analysis for global Food and Pharmaceutical Grade Propylene Glycol market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Food and Pharmaceutical Grade Propylene Glycol market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Food and Pharmaceutical Grade Propylene Glycol market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Food and Pharmaceutical Grade Propylene Glycol market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Food and Pharmaceutical Grade Propylene Glycol market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Food and Pharmaceutical Grade Propylene Glycol

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Food and Pharmaceutical Grade Propylene Glycol market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dow, Lyondell Basell, Indorama(Huntsman), ADM and INEOS, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Food and Pharmaceutical Grade Propylene Glycol market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Hydration
Transesterification

Market segment by Application
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
Other

Major players covered
Dow
Lyondell Basell
Indorama(Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
CNOOC and Shell Petrochemicals
Haike Xinyuan

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Food and Pharmaceutical Grade Propylene Glycol product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Food and Pharmaceutical Grade Propylene Glycol, with price, sales, revenue and global market share of Food and Pharmaceutical Grade Propylene Glycol from 2018 to 2023.

Chapter 3, the Food and Pharmaceutical Grade Propylene Glycol competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Food and Pharmaceutical Grade Propylene Glycol breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Food and Pharmaceutical Grade Propylene Glycol market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Food and Pharmaceutical Grade Propylene Glycol.

Chapter 14 and 15, to describe Food and Pharmaceutical Grade Propylene Glycol sales channel, distributors, customers, research findings and conclusion.