Global Food and Pharmaceutical Grade Propylene Glycol Market Growth 2023-2029

Global Food and Pharmaceutical Grade Propylene Glycol Market Growth 2023-2029

The global Food and Pharmaceutical Grade Propylene Glycol market size is projected to grow from US$ 3763.3 million in 2022 to US$ 4253.2 million in 2029; it is expected to grow at a CAGR of 1.8% from 2023 to 2029.

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%.

LPI (LP Information)' newest research report, the “Food and Pharmaceutical Grade Propylene Glycol Industry Forecast” looks at past sales and reviews total world Food and Pharmaceutical Grade Propylene Glycol sales in 2022, providing a comprehensive analysis by region and market sector of projected Food and Pharmaceutical Grade Propylene Glycol sales for 2023 through 2029. With Food and Pharmaceutical Grade Propylene Glycol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food and Pharmaceutical Grade Propylene Glycol industry.

This Insight Report provides a comprehensive analysis of the global Food and Pharmaceutical Grade Propylene Glycol landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food and Pharmaceutical Grade Propylene Glycol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Food and Pharmaceutical Grade Propylene Glycol market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food and Pharmaceutical Grade Propylene Glycol and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food and Pharmaceutical Grade Propylene Glycol.

This report presents a comprehensive overview, market shares, and growth opportunities of Food and Pharmaceutical Grade Propylene Glycol market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hydration
Transesterification

Segmentation by application
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dow
Lyondell Basell
Indorama(Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
CNOOC and Shell Petrochemicals
Haike Xinyuan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Food and Pharmaceutical Grade Propylene Glycol market?

What factors are driving Food and Pharmaceutical Grade Propylene Glycol market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Food and Pharmaceutical Grade Propylene Glycol market opportunities vary by end market size?

How does Food and Pharmaceutical Grade Propylene Glycol break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.