Plant-based Propylene Glycol Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The plant-based propylene glycol market has seen significant developments from 2018 to 2022. This natural alternative to conventional propylene glycol has garnered attention due to its sustainable production process and reduced environmental impact. From 2018 to 2022, the plant-based propylene glycol market experienced a steady growth trajectory, driven primarily by the rising demand for eco-friendly and non-toxic products across various industries. The increasing shift toward plant-based chemicals was a response to growing consumer concerns about sustainability and the need for greener alternatives in sectors like food, pharmaceuticals, and cosmetics.
During this period, the food and beverage industry emerged as one of the largest consumers of plant-based propylene glycol. This was driven by its application as a humectant, solvent, and stabilizer in products such as ice cream, baked goods, and beverages. Furthermore, the cosmetic and pharmaceutical industries also contributed significantly to the growth of this market, as the ingredient is considered safer for both consumers and the environment. The overall demand for plant-based propylene glycol was propelled by advancements in agricultural technologies that made its production more cost-effective and efficient.
In comparison, looking ahead from 2023 to 2033, the demand for plant-based propylene glycol is expected to rise even further. Industry analysts predict that the market will experience a substantial shift toward increased production and consumption, driven by stringent environmental regulations, an enhanced focus on sustainability, and the growing awareness of the environmental impact of petroleum-based chemicals. As more industries, particularly the automotive and pharmaceutical sectors, seek alternatives to petrochemical-based products, the demand for plant-based propylene glycol will intensify.
Key factors fueling this growth include the rise of plant-based food products, the increased demand for clean-label ingredients, and the ongoing trend of green chemistry. Plant-based propylene glycol’s versatility as a non-toxic solvent, stabilizer, and humectant makes it an attractive ingredient for a wide range of products, from skincare items to bio-based antifreeze solutions. In particular, the pharmaceutical industry is expected to be a major driver of market expansion as plant-based propylene glycol finds increasing use in injectable drugs, nasal sprays, and other healthcare applications.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Processing
Construction
Cosmetics
Other
Based on Types the Market is categorized into Below types that held the largest Plant-based Propylene Glycol market share In 2023.
Soybean-based
Corn-based
Other
Global (United States, Global 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
Global
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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