Market revenue in 2022 | USD 1,604.9 million |
Market revenue in 2030 | USD 2,887.0 million |
Growth rate | 7.6% (CAGR from 2022 to 2030) |
Largest segment | Bio-based |
Fastest growing segment | Bio-based |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Bio-based, Petroleum-based |
Key market players worldwide | Shell PLC, Tokyo Chemical Industry, DuPont de Nemours Inc, Solvay SA, Croda International PLC, Cargill, Primient, Haihang Industry Co., Stepan Co, Thyssenkrupp AG, Repsol SA |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glycerol derivatives market will help companies and investors design strategic landscapes.
Bio-based was the largest segment with a revenue share of 56.63% in 2022. Horizon Databook has segmented the India glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.
Polyglycerols are being extensively used in the food industry as additives in various bakery and confectionery products. The rising demand from consumers for sweeteners and naturally extracted flavors has been a key factor in augmenting the market growth.
The food industry is expected to be one of the key drivers of the Indian economy for the glycerol derivatives market as glycerol is used in food products for moisture, preventing sugar crystallization, and adding bulk, smoothness, softness, sweetness, and texture.
Growing exports of meat, oil, and dairy products have resulted in fueling the expansion of the Indian food & beverage industry. Modern food processing and preservation technology, including cold storage and pasteurization, has been responsible for enhancing the demand for polyglycerols.
Horizon Databook provides a detailed overview of country-level data and insights on the India glycerol derivatives market , including forecasts for subscribers. This country databook contains high-level insights into India glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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