According to SPER Market Research, A humectant is a moist, hygroscopic material that is used to maintain moisture in objects. It is a molecule that also contains a lot of hydrophilic groups, mostly hydroxyl groups, but it is also possible to discover amines and carboxyl groups, which are usually esterified (its affinity to build hydrogen bonds with water molecules is the main characteristic). These ingredients can be found in a variety of products, such as food, cosmetics, medications, and insecticides. Due to the growing usage of humectants to extend the shelf life of food goods and boost product efficacy, humectant demand in the sector has increased dramatically.
Humectants Market Overview:
- Forecast CAGR (2022-2032): 7.26%
- Forecast Market Size (2032): 37.75 billion
The COVID-19 pandemic resulted in uncertainty, delayed investments, disrupted supply chains, and growing localization. In reaction to the pandemic’s consequences, businesses are setting ambitious cost and performance goals in an effort to increase margins. Collaboration across the value chain has been regarded as one of the most crucial strategies for market development. Additionally, a well-recognized trend in the industry is consumer-focused, tech-enabled solutions.
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The Global Humectants Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Archer Daniel Midland Company, Ashland Global Holdings Inc., BASF SE, Barentz, Brenntag AG, Cargill Incorporated, E.I. Du Pont De Nemours and Company, Ingredion, Roquette Freres, The DOW Chemical Company.
SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2032. This report provides data for growth estimates and forecasts for product type segment – By Type (Alpha Hydroxy Acid & Polysaccharides, Glycols, Sugar Alcohol, Others), By Application (Animal Feed, Food & Beverages, Oral & Personal Care, Pharmaceuticals, Others).
This report also provides data for key regional segments of North America, Europe, Asia-Pacific, and the Rest of the World.
This study also encompasses various market drivers and restraining factors for the forecast period. Various growth opportunities are also discussed in the report.
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SPER Market Research