Global Food Humectants Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Food Humectants Market 2021 (Includes Business Impact of COVID-19)
Global Food Humectants Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global food humectants market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food humectants market report has been segmented on the basis of product type, application, and region.
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The global Food Humectants market size was valued at USD $1414.34 million in 2020 and is projected to reach $5623.06 million by 2030, and is anticipated to expand at a CAGR of 14.80% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global food humectants market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Food humectants are food and beverage additives that prevents microbial activity and aids in water retention and increase shelf life of a product. They are widely used in production of dietetic products owing to their sweetness property.

Dynamics:

Increasing utilization of food humectants in production of various food products across the globe is a key factor expected to drive growth of the global food humectants market over the forecast period. Increasing use of humectants as a food additive due to various benefits of food humectants such as safe consumption, improvised odors and flavors, increased nutritional value, cost effectiveness, and ease of use is another factor expected to support growth of the target market over the forecast period.

In addition, growing awareness regarding low-calorie and healthy food & beverage products among individuals across the globe due to changing consumer lifestyles is another factor supporting growth of the global market. Increasing utilization of food humectant such as Polydextrose as a replacer for organic sugar in production of confectionery products in food and beverage industries is expected to boost growth of the target market.

Furthermore, growing demand for natural ingredients that adopts multi-functionality feature of food humectants among consumers is a growing trend that is expected to fuel growth of the global market. Moreover, increasing R&D for high nutritional value product development by food and beverage manufacturers is expected to support growth of the target market in the near future.

However, stringent rules and regulations associated with utilization of food humectants in variety of food and beverages is a major factor expected to restraint growth of the global food humectants market. In addition, stringent international quality standards associated with humectants utilization and supply is a key challenge expected to hamper the growth of the target market to a certain extent.

Segment Analysis:

On the basis on product type, the fruits and vegetable segment is expected to dominate in the global food humectants market, owing to rising awareness of high nutritional value and profile offered by humectants and acts as a substitute property among manufacturers across the globe. On the basis of application, the food & beverage segment is expected to dominate in the global market, owing to increasing consumption of high-calorie food products and rising awareness regarding nutritional contents offered by humectants among individuals across the globe.

Regional Analysis:

The market in North America is expected to account for the highest revenue share over the forecast period followed by market in Europe. In addition, approval for utilization of humectants in food & beverage products by European government is expected to support growth of the target market in the Europe.

Market in Asia Pacific is expected to register significant growth in the global food humectants market in terms of revenue, owing to increasing demand of functional and nutritional beverages coupled with growing demand for bakery and confectionery products in countries in the region.

Market in Latin America is expected to register lucrative growth in terms of revenue followed by market in Middle East & Africa owing to increasing awareness regarding benefits of food humectants among various food and beverage manufacturers in emerging countries in the region.

Global Food Humectants Market Segmentation:

Segmentation by Product Type:

  
Glycols
  
Glycerol
  
Polydextrose
  
Sugar Alcohol
  
Alpha Hydroxy Acids & Polysaccharides
  
Others (Sodium Metaphosphate, Sodium Lactate, Triacetin, Sodium PCA, and Panthenol)

Segmentation by Application:

  
Animal Feed
  
Food & Beverage
  
Beverages
  
Functional & Nutritional Food
  
Bakery & Confectionery Products
  
Others (Meat & Meat Products and Pet Foods)
  
Others (Tobacco, Plastics, and Tanneries, Pharmaceuticals)


Key Market Players included in the report:


  
Acme-Hardesty Company..
  
Aditya Birla Chemicals
  
Akash Purochem Private Limited
  
Archer Daniels Midland Company (ADM) (U.S.)
  
Ashland Global Holdings Inc.
  
Barentz
  
BASF SE (Germany)
  
Brenntag Pte. Ltd.
  
Cargill (U.S.)
  
Corbion N.V.
  
DuPont
  
E. I. du Pont de Nemours and Company (U.S.)
  
Food Safety Australia and New Zealand (FSANZ).
  
GALACTIC
  
ICL
  
Incorporated
  
Ingredion Incorporated (U.S.)
  
Roquette FrEres (France)
  
The Dow Chemical Company (U.S.)
  
the Food and Agriculture Organization (FAO)
  
The Ransdal Corporation
  
WINWAY