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Humectants market was valued at US$ 18530 million in 2022 and is anticipated to reach US$ 28540 million by 2029, witnessing a CAGR of 5.9% - Valuates Reports
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Humectants Market Insights
Humectant is a hygroscopic substance used to keep things moist; it is the opposite of a desiccant because it is wet. It is often a molecule with several hydrophilic groups, most often hydroxyl groups; however, amines and carboxyl groups, sometimes esterified, can be encountered as well (its affinity to form hydrogen bonds with molecules of water is the crucial trait). They are used in many products, including food, cosmetics, medicines and pesticides.
The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
North American market for Humectants is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Humectants is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global manufacturers of Humectants include Cargill, BASF, Archer Daniels Midland, DowDupont, Roquette Freres, Ingredion Incorporated, Brenntag AG, Barentz and Ashland, etc. in 2022, the world's top three vendors accounted for approximately % of the revenue.
Humectants Market Analysis
This report aims to provide a comprehensive presentation of the global market for Humectants, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Humectants.
The Humectants market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Humectants market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Humectants manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application and by regions.
Key Segmentations
By Company
Cargill
BASF
Archer Daniels Midland
DowDupont
Roquette Freres
Ingredion Incorporated
Brenntag AG
Barentz
Ashland
Batory Foods
Corbion
Segment by Type
Synthetic
Natural
Segment by Application
Food & Beverage
Oral & Personal Care
Pharmaceuticals
Animal Feed
Others
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