IMARC Group, a leading market research company, has recently releases report titled “Humectants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global humectants market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the humectants market?
The global humectants market size reached US$ 26.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.
What are humectants?
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.
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What are the growth prospects and trends in the humectants industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Source:
- Synthetic
- Natural
Breakup by Type:
- Sugar Alcohol
- Alpha Hydroxy Acid and Polysaccharides
- Glycols
- Others
Breakup by Application:
- Food and Beverages
- Oral and Personal Care
- Pharmaceuticals
- Animal Feed
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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