According to the latest report by IMARC Group, titled “Humectants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global humectants market reached a value of US$ 24.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027.
Humectants refer to hygroscopic organic compounds that form hydrogen bonds with water molecules. These can either be derived from natural sources, such as honey, glycerin, aloe vera gel, lactic acid, etc., or synthetically produced. Humectants assist in absorbing moisture from the air and retaining it into the stratum corneum, or the upper layer of the skin. As these compounds also help in making the skin appear and feel soft, supple, hydrated, less flaky and prone to cracking or chaffing, etc., humectants are widely utilized in the manufacturing of beauty and personal care products.
The growing consumption of health supplements, bakery products, functional beverages, confectionery products, etc., is one of the primary factors driving the humectants market. Moreover, humectants are further gaining traction for enhancing stability, reducing microbial activity, maintaining texture, and increasing the shelf life of products in the food and beverages sector. Besides this, they also aid in moisturization, solvency to dissolve actives, exfoliation, improving the stability of oil in water emulsions, etc. Consequently, humectants are being increasingly utilized in the production of shampoos, soaps, conditioners, etc. Furthermore, the escalating product adoption in drug development for regulating the water content of pharmaceutical dosage and ingredient solubility, is also expected to catalyze the global humectants market in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape with Key Player:
- Archer Daniels Midland Company
- Ashland Global Holdings Inc
- BASF SE
- Brenntag SE
- Cargill Incorporated
- Corbion N.V
- DuPont Tate & Lyle Bio Products Company LLC
- Ingredion Incorporated
- Roquette Frères
- The Lubrizol Corporation (Berkshire Hathaway Inc.)
- Vantage Specialty Chemicals Inc
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The report has segmented the market on the basis on region, source, type, application.
Breakup by Source:
Breakup by Type:
- Sugar Alcohol
- Alpha Hydroxy Acid and Polysaccharides
Breakup by Application:
- Food and Beverages
- Oral and Personal Care
- Animal Feed
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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