Global Info Research announces the release of the report “Global Food and Pharmaceutical Grade Propylene Glycol Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030” . This report provides a detailed overview of the market scenario, including a thorough analysis of the market size, sales quantity, average price, revenue, gross margin and market share.The report provides an in-depth analysis of the competitive landscape, manufacturer’s profiles,regional and national market dynamics, and the opportunities and challenge that the market may be exposed to in the near future. Global Food and Pharmaceutical Grade Propylene Glycol market research report is a comprehensive analysis of the current market trends, future prospects, and other pivotal factors that drive the market.
According to our (Global Info Research) latest study, the global Food and Pharmaceutical Grade Propylene Glycol market size was valued at USD 1146.1 million in 2023 and is forecast to a readjusted size of USD 1389.1 million by 2030 with a CAGR of 2.8% during review period.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%.
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 Global Info Research report includes an overview of the development of the Food and Pharmaceutical Grade Propylene Glycol industry chain, the market status of Food and Beverage (Hydration, Transesterification), Cosmetics and Personal Care (Hydration, Transesterification), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Food and Pharmaceutical Grade Propylene Glycol.
Regionally, the report analyzes the Food and Pharmaceutical Grade Propylene Glycol markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Food and Pharmaceutical Grade Propylene Glycol market, with robust domestic demand, supportive policies, and a strong manufacturing base.
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Food and Pharmaceutical Grade Propylene Glycol market is split by Type and by Application. For the period 2019-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
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