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Humectants Market Share

Report ID: GMI3746
Published Date: Jul 2023
Report Format: PDF

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Humectants Market Share

Some of the major companies operating in the humectants market are

Archer Daniels Midland Company (ADM)
Cargill
Incorporated
BASF SE
Dow Inc.
Ashland Global Holdings Inc.
Croda International Plc
DuPont de Nemours, Inc.
Ingredion Incorporated
Roquette Frères
Lubrizol Corporation (a subsidiary of Berkshire Hathaway)
Evonik Industries AG
Lonza Group Ltd.
Corbion N.V.
Eastman Chemical Company
Vantage Specialty Chemicals, Inc.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of humectants reached USD 15.9 billion in 2022 and is estimated to record USD 30 billion by the end of 2032, due to rising consumption across the cosmetics and personal care sector.

Demand for natural humectants reached USD 8.9 billion in 2022 and will see expansion through 2032, owing to the increasing consumer preference for sustainable and environmentally friendly ingredients.

The food and beverages application segment recorded 27% of the market industry share in 2022 and is expected to grow at a lucrative pace by 2032, attributed to higher adoption to retain moisture in products, preventing them from drying out and extending shelf life.

U.S. market size held over USD 3.5 billion revenue in 2022 and is anticipated to expand at significant pace from 2023 to 2032, on account of higher adoption in the personal care and cosmetics industry.