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Polyglycerol Market, by Type (Polyglycerol Polyricinoleate, Polyglycerol Esters, Polyglycerol Sebacate, and Others), Application (Emulsifiers, Food Additives, Surfactants, Stabilizers, Non-Ionic Emulsifiers, Dispersants, Emollients, Wetting Agents, Thickeners, and Others), Product (PG-2, PG-3, PG-4, PG-6, PG-10, and Others), End Use (Food, Cosmetics, Pharmaceuticals, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • DSM, which is a global purpose driven, science based firm, announced its strategic choice to devote all of its expertise and resources to addressing the pressing socio economic and environmental issues related to how people produce and consume food worldwide.
  • Merck announced that a legally binding deal has been struck to buy the chemical division of Mecaro Co. Ltd., a publically traded Korean manufacturer of heater blocks and procursors for semiconductors.

Global Polyglycerol Market Size, Forecast, and Trend Highlights Over 2023-2033

Base Year


Forecast Year




Base Year Market Size (2022)

~USD 2.9 Billion

Forecast Year Market Size (2033)

~USD 7.2 Billion

The global polyglycerol market is acquired to garner a revenue of USD 7.2 billion by the end of 2033 by growing at a CAGR of ~8% over the forecast period, i.e., 2023-2033. Further, the market generated a revenue of USD 2.9 billion in the year 2022. The food and beverage industry’s propensity for food additives, polyglycerol’s increasing popularity in the cosmetic sector, and public knowledge of their qualities are the main factors propelling the expansion of the polyglycerol market. There was a significant rise in the export value for polyglycerol esters of fatty acids (PEFA)(E475) during 2020-2021. The global export value for PEFA (E475) in 2021 was USD 43,837,884 thousand up from USD 38,010,778 thousand in 2020 with an annual growth value of 16% from 2020-2021.


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Furthermore, polyglycerol esters of fatty acids (PEFA) (E 475) have been widely used as a food additive. The mean and 95th percentile levels of daily exposure to PEFA utilized as a food additive in children were, respectively, 2.6 and 6.4 mg/kg bw in the non-brand loyal scenario. PEFA (E475) is adopted in a variety of products, including food, beverages, pharmaceuticals, health & personal care items, and poultry, animal feed, and agriculture. In foods like baked products, chocolates, chewing gum, and as a fat substitute, PEFAs (E475) can be employed as preservatives, colorants, texture stabilizers, and bacteriostatic agents.

Global Polyglycerol Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Utilization in Pharmaceuticals – Polyglycerols are extensively employed as drug carriers in the pharmaceutical business and in the biomedical industry for regenerative treatments. The total global pharmaceutical sales in 2018 were USD 972.5 billion which rose to USD 1,187 billion in 2021.
  • Growing Adoption in Animal Feed and Poultry – Polyglycerols are utilized as an alternate energy source in the feed of poultry, ruminants, and pigs, and researches are being done on their use in improving the feed pellet quality. It is predicted that more than 1 billion tons of compound feed are generated globally each year. Around USD 400 billion in revenue is reportedly generated annually by the production of commercial feeds worldwide.
  • Utilization in Processed Food and Beverages – Increased demand for polyglycerols to enhance product quality as a result of the rising production of processed foods and drinks. For instance, India’s exports of processed food and related goods increased by 11.74 percent CAGR from FY11 to FY 16, totaling USD 16.2 billion.
  • Elevating Demand in Health and Personal Care Goods - PEFA(E475) is frequently employed in the production of secure and eco-friendly cosmetic and personal care products. Polyglycerol ranks third among ingredients in cosmetics. Over 15,655 goods have glycerine in them.


  • Adoption of substitutes for polyglycerols
  • Fluctuating prices of raw materials

The global polyglycerol market is segmented and analyzed for demand and supply by product into PG-2, PG-3, PG-4, PG-6, PG-10, and others. In 2033, the overwhelming portion of ratings fell into the PG-3 segment. Owing to the segment’s vast applications in food and personal care industries, it is anticipated to remain at the top during the forecast period. Moisturizers, foundation, anti-aging serums, lip gloss, and hair conditioners are all made with PG-3 in the personal care business. For instance, considering the European cosmetic industry, with 841 small and medium-sized businesses (SMEs) in the cosmetics manufacturing sector, France led all of Europe followed by Italy with 736 SMEs as of 2020.

Major Macro-Economic Indicators Impacting the Market Growth


The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical-producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw materials & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.

Global Polyglycerol Market Regional Synopsis

Regionally, the global polyglycerol market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The Asia Pacific polyglycerol market is predicted to experience the highest growth by the end of 2033. Market to grow on account of polyglycerol esters which are regarded as edible ingredients and hence find wider application in the pharmaceutical and food industries. Moreover, the market is expected to expand owing to the factors such as an ever-increasing population, rising standards of living and disposable income among people, rising use of personal care products, and significant expansion of pharmaceutical manufacturing operations. For instance, comparing 2018 to 2019, the pharmaceutical market in China witnessed a 4% growth. Over USD 276 billion worth of pharmaceutical products were produced in China in 2019.


The global polyglycerol market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Player Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia- Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global polyglycerol market includes the following segments:

By Type

  • Polyglycerol Polyricinoleate
  • Polyglycerol Esters
  • Polyglycerol Sebacate
  • Others

By Application

  • Emulsifiers
  • Food Additives
  • Surfactants
  • Stabilizers
  • Non-Ionic Emulsifiers
  • Wetting Agents
  • Thickeners
  • Others

By Product

  • PG-2
  • PG-3
  • PG-4
  • PG-6
  • PG-10
  • Others

By End Use

  • Food
  • Cosmetics
  • Pharmaceuticals
  • Others

Top Featured Companies Dominating the Global Polyglycerol Market

  • Taiyo Kagaku Co., Ltd.
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Developments
  • Regional Presence
  • SWOT Analysis
  • Estelle Chemicals Pvt. Ltd.
  • Oleon NV.
  • Spiga Nord S.p.A
  • Croda International Plc
  • Sakamoto Yakuhin Kogyo Co., Ltd.
  • Merck KGaA
  • Koninklijke DSM N.V.


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