Plant-based Propylene Glycol Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.1% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Plant based Propylene Glycol market was valued at approximately USD 1.2 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2023 to 2030. This growth is attributed to the increasing demand for eco friendly alternatives in industries such as food and beverages, pharmaceuticals, cosmetics, and personal care. As industries and consumers alike focus on sustainability, plant based propylene glycol has emerged as a preferred choice due to its renewable and biodegradable properties. The plant based variant is derived from renewable resources such as corn or soy, offering a sustainable solution over conventional petroleum based propylene glycol. The market is expected to reach a valuation of USD 2.4 billion by 2030, driven by the rising preference for green chemicals and stricter environmental regulations across various regions.
Regionally, North America and Europe hold a significant share of the plant based propylene glycol market, accounting for over 60% of the global revenue in 2022. The growing trend of clean label products and the preference for eco friendly chemicals in these regions is a key driver of market growth. In addition, the presence of established pharmaceutical and food sectors in these regions contributes to the higher demand for plant based alternatives. The Asia Pacific region is expected to witness the highest growth rate, with a CAGR of 8.2% during the forecast period. This is driven by increasing industrialization, rising awareness of sustainability, and growing demand for plant based products in emerging markets like India and China. Latin America and the Middle East & Africa are also anticipated to experience steady growth as industries increasingly shift towards sustainable practices.
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Archer Daniels Midland Company
CORPUS
BASF SE
Huntsman International LLC.
Oleon
Dow
Ashland
Lyle Bio Products
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plant-based Propylene Glycol Market
Food Grade Propylene Glycol
Pharmaceutical Grade Propylene Glycol
Industrial Grade Propylene Glycol
Cosmetic Grade Propylene Glycol
Food and Beverage Industry
Pharmaceuticals
Cosmetics and Personal Care
Industrial Applications
Animal Feed
Food Industry
Healthcare
Cosmetics and Personal Care
Chemical Manufacturing
Agriculture
Liquid Formulations
Solid Formulations
Emulsifiable Formulations
Synthetic Propylene Glycol
Plant-based Propylene Glycol
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plant-based Propylene Glycol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plant-based Propylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant-based Propylene Glycol Market, By Type
6. Global Plant-based Propylene Glycol Market, By Application
7. Global Plant-based Propylene Glycol Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Plant-based Propylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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